IPO • Internet Software and Services

Benson Oak, Enterprise Investors, TA Associates and Adams Street Partners Exits AVG Technologies N.V.

On February 2, 2012, invested in internet software and services company AVG Technologies N.V. from Benson Oak, Enterprise Investors, TA Associates and Adams Street Partners

Investment Context
  • This is transaction in the Internet Software and Services sector.
  • This is transaction in the Netherlands.
Investment Fate
  • AVG Technologies N.V. was sold to a strategic buyer in 2016 for 1.3B USD.

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Investment Summary

Date February 2, 2012
Target AVG Technologies N.V.
Sector Internet Software and Services
Sellers(s) Benson Oak
Enterprise Investors
TA Associates
Adams Street Partners
Deal Type IPO

Target Company

AVG Technologies N.V.

Amsterdam, Netherlands
AVG Technologies N.V. is a provider of software services to secure devices, data and people. AVG’s award-winning consumer portfolio includes internet security, performance optimization, location services, data controls and insights, and privacy and identity protection, for mobile devices and desktops. The award-winning AVG Business portfolio, delivered through a global partner network, provides cloud security and remote monitoring and management (RMM) solutions that protect small and medium businesses around the world.
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Seller Profiles 4

SELLER

Benson Oak

Prague, Czech Republic

Investor Investor


Category Growth Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Benson Oak Capital is an independent private equity firm focused on investing in 'leading' small to medium-size enterprises in the Czech Republic and Slovakia. The Firm looks to invest €5 to €30 million to support buyout and control growth equity transactions. Benson Oak was formed in 1991 and is based in Prague.


Deal Context for Seller #
Overall 5 of 6
Sector: Internet Software and Services 2 of 2
Type: IPO 1 of 1
Country: Netherlands 1 of 1
Year: 2012 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-31 ETA a.s

Hlinsko, Czech Republic

ETA a.s is a manufacturer and distributor of electrical household appliances for customers in Czech Republic and internationally.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-20 Klik.cz

Prague, Czech Republic

Klik.cz is an online insurance brokerage company in the Czech Republic and Slovakia under domain names Klik.cz and Klik.sk, with offices in Prague, Usti nad Labem, and Bratislava. It offers clients the ability to transparently compare prices for non-life and life insurance products, including MTPL, CASCO, home, travel, and term life insurance.

Sell -
SELLER

Enterprise Investors

Warsaw, Poland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 2.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Enterprise Investors is a private equity firm focused on investments in Central and Eastern Europe, with a primary interest on opportunities in Poland. Enterprise Investors is a generalist investor and looks to commit €20 to €75 million in medium-sized businesses. Enterprise Investors was formed in 1990 and is headquartered in Warsaw.


Deal Context for Seller #
Overall 6 of 33
Sector: Internet Software and Services 1 of 2
Type: IPO 4 of 7
Country: Netherlands 1 of 1
Year: 2012 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-02 Wento

Warsaw, Poland

Wento is a provider of renewable energy sources (wind, PV) and energy storage. Wento was founded in 2012 and is based in Warsaw, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-19 United Oilfield Services Sp. z o.o.

Warsaw, Poland

Company providing seismic, drilling and well completion services to companies involved in oil and gas exploration and production in Poland. In particular, UOS offers its customers the technologies and expertise needed to unlock the country's shale gas reserves.

Buy €21M
SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 157 of 261
Sector: Internet Software and Services 4 of 16
Type: IPO 31 of 43
Country: Netherlands 1 of 1
Year: 2012 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-30 Numara Software

Tampa, Florida, United States

Numara Software, Inc. the former Blue Ocean Software business unit of Intuit Inc. is a provider of IT help desk and asset management software solutions to small and medium-sized businesses. The company’s core product, Track-It!, enables IT professionals to collect, assign and resolve help desk requests and audit their internal hardware and software assets.

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-03 Billdesk

Mumbai, India

Billdesk provides a wide set of payment options to merchants across e-commerce transactions and bill payments. The company operates as an independent service aggregating multiple banks and merchants to provide electronic bill presentment and payment services, payment gateway services and transaction processing services. Billdesk was founded in 2000 and is based in Mumbai, Maharashtra.

Buy -
SELLER

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


Deal Context for Seller #
Overall 36 of 101
Sector: Internet Software and Services 3 of 17
Type: IPO 12 of 32
Country: Netherlands 1 of 2
Year: 2012 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-23 WebVisible

Playa Vista, California, United States

WebVisible is a Software as a Service (SaaS) company in local online advertising, known for being a true expert in bringing the Internet as an advertising and customer acquisition medium to small businesses around the world.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-09 Ziggo

Groningen, Netherlands

Ziggo is a cable operator in the Netherlands, providing analogue and digital television, broadband and telephony services to consumers and businesses. Ziggo was founded in 2007 and is based in Groningen, Netherlands.

Sell -