M&A Deal Summary

BICS SA Acquires TeleSign

On April 25, 2017, BICS SA acquired software company TeleSign from Summit Partners and Adams Street Partners for 230M USD

Acquisition Highlights
  • This is BICS SA’s 1st transaction in the Software sector.
  • This is BICS SA’s largest (disclosed) transaction.
  • This is BICS SA’s 1st transaction in the United States.
  • This is BICS SA’s 1st transaction in California.

M&A Deal Summary
Date 2017-04-25
Target TeleSign
Sector Software
Buyer(s) BICS SA
Sellers(s) Summit Partners
Adams Street Partners
Deal Type Add-on Acquisition
Deal Value 230M USD

Target

TeleSign

Marina del Rey, California, United States
TeleSign Corp. is a provider of Out-of-Band (OOB) authentication solutions for internet, software and financial transactions, identifying and substantially reducing online fraud and spam using a user's phone. TeleSign Corp. was established in 2005 and is headquartered in Marina del Rey, California.

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Buyer(S) 1

Buyer

BICS SA

Brussels, Belgium
Category Company
Founded 2005
Sector Communications
DESCRIPTION

BICS SA (Belgacom International Carrier Services) is a provider of international wholesale connectivity and interoperability services. Belgacom International Carrier Services was established in 2005 and is headquartered in Brussels, Belgium.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 209 of 285
Sector (Software) 36 of 51
Type (Add-on Acquisition) 96 of 127
State (California) 52 of 62
Country (United States) 188 of 246
Year (2017) 4 of 15
Size (of disclosed) 28 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 PrismHR

Hopkinton, Massachusetts, United States

PrismHR provides software and services, empowering human resource outsourcing service providers such as Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs) to deliver world-class HR, benefits, and payroll to small and medium-sized businesses. PrismHR was founded in 1985 and is based in Hopkinton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-09 MacStadium

Atlanta, Georgia, United States

MacStadium is a provider of on-demand cloud IaaS, offering managed Mac hosting and private cloud solutions for individuals and organizations of all sizes. MacStadium was founded in 2012 and is based in Atlanta, Georgia.

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 STATS #
Overall 64 of 96
Sector (Software) 13 of 20
Type (Add-on Acquisition) 35 of 51
State (California) 31 of 42
Country (United States) 59 of 88
Year (2017) 1 of 6
Size (of disclosed) 11 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 Cirius Therapeutics

Kalamazoo, Michigan, United States

Cirius Therapeutics is a clinical-stage pharmaceutical company focused on the development of innovative therapies for the treatment of liver and metabolic diseases. Cirius is developing MSDC-0602K, a novel, once-daily, oral small molecule for the treatment of nonalcoholic fatty liver disease (NAFLD), which includes nonalcoholic steatohepatitis (NASH), with Type 2 diabetes. Cirius Therapeutics was founded in 2015 and is based in Kalamazoo, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 Craftsy

Denver, Colorado, United States

Craftsy is a preeminent online destination for passionate makers to learn, create and share. With online classes, popular supplies and indie patterns, over five million creative enthusiasts are taking their skills to new heights. Craftsy was founded in 2011 and is based in Denver, Colorado.

Sell -
Mergr

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