M&A Deal Summary

BlackRock Acquires eFront SA

On March 22, 2019, BlackRock acquired software company eFront SA from Bridgepoint for 1.3B USD

Acquisition Highlights
  • This is BlackRock’s 1st transaction in the Software sector.
  • This is BlackRock’s 4th largest (disclosed) transaction.
  • This is BlackRock’s 1st transaction in France.

M&A Deal Summary

Date 2019-03-22
Target eFront SA
Sector Software
Buyer(s) BlackRock
Sellers(s) Bridgepoint
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

eFront SA

Paris, France
eFront SA provides end-to-end solutions dedicated to the financial services industry, specializing in enterprise risk management and alternative investments. eFront was formed in 1999 and is based in Paris.

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Buyer(S) 1

Buyer

BlackRock

New York, New York, United States

Category Company
Founded 1988
Sector Financial Services
Employees19,800
Revenue 20.4B USD (2024)
DESCRIPTION
BlackRock office outside of Wilmington, Delaware.
BlackRock office outside of Wilmington, Delaware.

BlackRock provides investment management, risk management, and advisory services for institutional and retail clients worldwide. BlackRock was founded in 1988 and is headquartered in New York, New York.


DEAL STATS #
Overall 5 of 12
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 10
Country: France M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-27 Cachematrix

Denver, Colorado, United States

Cachematrix LLC is a provider of financial technology which simplifies the cash management process for banks and their corporate clients in a streamlined, open-architecture platform. Cachematrix is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-09 WinCup

Stone Mountain, Georgia, United States

WinCup is a manufacturer of disposable foodservice dine-in and takeout to-go products, such as cups, bowls, containers, lids, straws, and stirrers. WinCup is a manufacturer of biodegradable foam cups through its Vio brand; and has recently launched Phade, marine biodegradable, soil biodegradable, home, and industrial compostable straw that looks and feels like a traditional straw. WinCup was founded in 1962 and is based in Stone Mountain, Georgia.

Sell -

Seller(S) 1

SELLER

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 80 of 112
Sector: Software M&A 1 of 3
Type: Add-on Acquisition M&A Deals 30 of 39
Country: France M&A 17 of 25
Year: 2019 M&A 1 of 6
Size (of disclosed) 3 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-19 bee2link group

Chalon-sur-Saone, France

bee2link group is a publisher of SaaS software and digital solutions for automobile players. bee2link group was founded in 2012 and is based in Chalon-sur-Saone, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Kyriba

San Diego, California, United States

Kyriba is a provider of cloud treasury and financial management solutions. Kyriba delivers a highly secure, 100% SaaS platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. More than 1,600 companies rely on Kyriba to streamline key processes, protect against loss from fraud and cybercrime, and accelerate growth opportunities through improved decision support. Kyriba was founded in 2000 and is based in San Diego, California.

Buy $1.2B