M&A Deal Summary

Citrix Acquires App-DNA Group

On October 26, 2011, Citrix acquired software company App-DNA Group from Mobeus Equity Partners for 92M USD

Acquisition Highlights
  • This is Citrix’s 12th transaction in the Software sector.
  • This is Citrix’s 8th largest (disclosed) transaction.
  • This is Citrix’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2011-10-26
Target App-DNA Group
Sector Software
Buyer(s) Citrix
Sellers(s) Mobeus Equity Partners
Deal Type Add-on Acquisition
Deal Value 92M USD
Advisor(s) Mooreland Partners LLC (Financial)

Target

App-DNA Group

London, United Kingdom
App-DNA Group Ltd. is a software company. It develops and provides application migration, compatibility management, and remediation solutions.

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Buyer(S) 1

Buyer

Citrix

Fort Lauderdale, Florida, United States
Category Company
Founded 1989
Sector Software
Revenue 3.2B USD (2020)
DESCRIPTION
Citrix System's corporate headquarters in Fort Lauderdale, Florida.
Citrix System's corporate headquarters in Fort Lauderdale, Florida.

Citrix develops and sells products and services that enable the secure and reliable delivery of applications and data over public, private, or hybrid clouds or networks, to virtually any type of device. The Company markets and licenses its products directly to customers, over the Web, and through systems integrators, or SIs, in addition, to indirectly through value-added resellers, or VARs, value-added distributors, or VADs, original equipment manufacturers, or OEMs and service providers. Citrix was established in 1989 and is based in Ft. Lauderdale, Florida.

DEAL STATS #
Overall 19 of 40
Sector (Software) 12 of 21
Type (Add-on Acquisition) 19 of 38
Country (United Kingdom) 1 of 2
Year (2011) 5 of 5
Size (of disclosed) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-13 ShareFile

Raleigh, North Carolina, United States

ShareFile is a cloud storage, file sharing and collaboration solutions provider. ShareFile was formed in 2005 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-11 Podio ApS

Copenhagen, Denmark

Podio ApS is an online work platform with a new take on how everyday work gets done. Podio gives people more power than ever before to manage their work in their own way and is trusted by thousands of teams, companies and organizations worldwide. Podio users create workspaces to collaborate with specific groups of people, use an Employee Network for company-wide communication across departments and locations, and get their work done using Podio Apps.

Buy -

Seller(S) 1

SELLER

Mobeus Equity Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Mobeus Equity Partners is a generalist investor in UK-based companies. Mobeus looks to invest between £2 and £20 million in a variety of transaction situations. These include MBOs, secondary buyouts, debt financings, shareholder liquidity needs, and recapitalizations. Mobeus generally targets high growth, profitable (£1 to £5 million) businesses with sustainable competitive advantages. Mobeus is based in London.

DEAL STATS #
Overall 13 of 48
Sector (Software) 1 of 4
Type (Add-on Acquisition) 7 of 26
Country (United Kingdom) 13 of 47
Year (2011) 2 of 3
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-21 Equip Outdoor Technologies

Derbyshire, United Kingdom

Equip Outdoor Technologies is a manufacturer and marketer of technical outdoor equipment and winter accessories. Equip Outdoor Technologies is based in Derbyshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 EMaC

Crewe, United Kingdom

EMaC Ltd. is a service plan provider to motor dealers.

Buy -
Mergr

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