M&A Deal Summary |
|
|---|---|
| Date | 2024-01-31 |
| Target | Tango Card |
| Sector | Internet Software and Services |
| Buyer(s) | Blackhawk Network |
| Sellers(s) | FTV Capital |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 2001 |
| Sector | Information Technology |
| Employees | 2,331 |
| Revenue | 1.8B USD (2016) |
Blackhawk Network is a global financial technology company and is connecting brands and people through branded value solutions. Blackhawk platforms and solutions enable the management of stored value products, promotions and rewards programs in retail, ecommerce, financial services and mobile wallets. Blackhawk’s Hawk Commerce division offers technology solutions to businesses and direct to consumers. The Hawk Incentives division offers enterprise, SMB and reseller partners an array of platforms and branded value products to incent and reward consumers, employees and sales channels. Blackhawk Network was founded in 2001 and is based in Pleasanton, California.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 15 |
| Sector (Internet Software and Services) | 7 of 7 |
| Type (Add-on Acquisition) | 13 of 13 |
| State (Washington) | 1 of 1 |
| Country (United States) | 13 of 13 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-06 |
NGC US
Crystal Lake, Illinois, United States NGC US LLC is a provider of prepaid payments and secure gift card fulfillment solutions for loyalty, rewards, and incentive programs. The Company sources and delivers 500+ brands of physical and digital gift cards across the United States, Canada, and Europe using the industry’s highest levels of security, quality, and speed. NGC US was founded in 2004 and is based in Crystal Lake, Illinois. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 6.2B USD |
| Size | Large |
| Type | Sector Agnostic |
FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 56 of 61 |
| Sector (Internet Software and Services) | 12 of 12 |
| Type (Add-on Acquisition) | 37 of 39 |
| State (Washington) | 3 of 3 |
| Country (United States) | 50 of 54 |
| Year (2024) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-11 |
Neptune Flood
Petersburg, Florida, United States Neptune Flood is an AI-driven flood insurance company specializing in providing flood insurance solutions for residential and commercial properties. Neptune Flood is based in Petersburg, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-24 |
Egress
London, United Kingdom Egress is a provider of data privacy and compliance software designed to secure unstructured data. Egress helps enterprises protect unstructured data to meet compliance requirements and drive business productivity. Egress’s AI-powered platform enables users to control and secure the data they share in line with evolving compliance regulations, including GDPR, the NYDFS Cybersecurity Regulation (23 NYCRR 500), and the California Consumer Privacy Act. Egress was founded in 2007 and is based in London, England. |
Sell | - |
