M&A Deal Summary

Bregal Sagemount, TCV, JMI Equity and TA Associates Acquire Global 360

On April 3, 2006, growth capital firm Bregal Sagemount, private equity firm TCV, private equity firm JMI Equity and private equity firm TA Associates acquired software company Global 360 for 200M USD

Acquisition Highlights
  • This is Bregal Sagemount’s 1st, TCV’s 12th, JMI Equity’s 21st and TA Associates’ 33rd transaction in the Software sector.
  • This is Bregal Sagemount’s , TCV’s 6th, JMI Equity’s 9th and TA Associates’ 12th largest (disclosed) transaction.
  • This is Bregal Sagemount’s 2nd, TCV’s 28th, JMI Equity’s 29th and TA Associates’ 125th transaction in the United States.
  • This is Bregal Sagemount’s 1st, TCV’s 4th, JMI Equity’s 3rd and TA Associates’ 13th transaction in Texas.
Investment Fate
  • Global 360 was sold to a publicly-traded strategic buyer in 2011 for 260M USD.

M&A Deal Summary

Date 2006-04-03
Target Global 360
Sector Software
Buyer(s) Bregal Sagemount
TCV
JMI Equity
TA Associates
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 200M USD
Advisor(s) Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP (Legal)

Target

Global 360

Dallas, Texas, United States
Global 360, Inc. is a global software and services company providing business process management and optimization solutions.

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Buyer(S) 4

Buyer

Bregal Sagemount

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 2 of 64
Sector (Software) 1 of 16
Type (Buyout (LBO, MBO, MBI)) 2 of 10
State (Texas) 1 of 8
Country (United States) 2 of 60
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-15 Global Tower Partners

Boca Raton, Florida, United States

Global Tower operates wireless communication towers.Global Tower Management, LLC (d/b/a Global Tower Partners, "GTP") is a leading operator of communications towers and related wireless infrastructure. Including the acquisition of Dobson Communication's tower assets, the company owns approximately 1,125 towers and manages over 3,000 rooftop sites.

Sell $225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-10 Nimsoft

Campbell, California, United States

Nimsoft is a provider of IT performance and availability monitoring solutions. Nimsoft is the premier provider of business-focused service level management solutions that customers can easily deploy and use.

Buy -
Buyer

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 30 of 82
Sector (Software) 12 of 23
Type (Buyout (LBO, MBO, MBI)) 6 of 12
State (Texas) 4 of 7
Country (United States) 28 of 70
Year (2006) 7 of 9
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 Kgb

New York, New York, United States

Kgb is an independent provider of directory assistance and enhanced information services. kgb delivers solutions to wireless and landline carriers, corporations and educational institutions in North America, handling the majority of the '411' calls in the US that are delivered through a mobile phone. Furthermore, in the UK, 'The Number' 118 118 has become Britain's leading directory assistance service for consumers and businesses. The company also has operations in France, Germany, Ireland, Switzerland, Austria, and Italy. Kgb was founded in 1992 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-16 iVillage

New York, New York, United States

A leading women's media company and the number one source for women's information online.

Sell -
Buyer

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 32 of 127
Sector (Software) 21 of 58
Type (Buyout (LBO, MBO, MBI)) 13 of 23
State (Texas) 3 of 9
Country (United States) 29 of 111
Year (2006) 3 of 11
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-20 Adknowledge

Kansas City, Missouri, United States

Adknowledge is a digital advertising technology company, specializing in helping demanding clients get a great ROI from their digital media spending, in a brand safe way, at scale. Adknowledge was founded in 2004 and is based in Kansas City, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-26 Empathica

Mississauga, Ontario, Canada

Empathica, Inc. is a provider of customer experience management platform for the retail industry. The Company empowers its clients to protect their brand equity and improve profitability by enabling them to measure, manage and improve the quality of their customer experiences.

Buy -
Buyer

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 STATS #
Overall 135 of 363
Sector (Software) 33 of 86
Type (Buyout (LBO, MBO, MBI)) 49 of 72
State (Texas) 13 of 28
Country (United States) 125 of 263
Year (2006) 3 of 10
Size (of disclosed) 12 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-26 Alma Lasers

Buffalo Grove, Illinois, United States

Alma Lasers, Ltd. is a developer, manufacturer and seller of laser, light and radio frequency based devices for aesthetic applications. The company's products are designed to provide efficient, safe and cost-effective systems for use by plastic surgeons, dermatologists, obstetricians, gynecologists and general physicians. The products are used for non-invasive aesthetic procedures such as hair removal, skin rejuvenation and cellulite reduction on an outpatient basis.

Buy $145M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-22 eSecLending

Boston, Massachusetts, United States

eSecLending is an independent securities lending agent providing customized securities lending, auction and collateral management solutions for institutional investors worldwide. eSecLending was founded in 2000 and is based in Boston, Massachusetts.

Buy -