M&A Deal Summary

Clearlake Capital, TA Associates and Charlesbank Capital Partners Acquire Ivanti

On January 23, 2017, private equity firms Clearlake Capital, TA Associates and Charlesbank Capital Partners acquired information technology company Ivanti

Acquisition Highlights
  • This is Clearlake Capital’s 4th, TA Associates’ 25th and Charlesbank Capital Partners’ 3rd transaction in the Information Technology sector.
  • This is Clearlake Capital’s 35th, TA Associates’ 202nd and Charlesbank Capital Partners’ 49th transaction in the United States.
  • This is Clearlake Capital’s 1st, TA Associates’ 4th and Charlesbank Capital Partners’ 1st transaction in Utah.

M&A Deal Summary
Date 2017-01-23
Target Ivanti
Sector Information Technology
Buyer(s) Clearlake Capital
TA Associates
Charlesbank Capital Partners
Deal Type Consolidation

Target

Ivanti

South Jordan, Utah, United States
Ivanti is a provider of IT systems management, security management, and service management services. By integrating and automating critical IT tasks, Ivanti helps IT organizations successfully automate and secure the digital workplace. Ivanti is based in South Jordan, Utah.

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Buyer(S) 3

Buyer

Clearlake Capital

Santa Monica, California, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 37 of 90
Sector (Information Technology) 4 of 10
Type (Consolidation) 3 of 5
State (Utah) 1 of 3
Country (United States) 35 of 85
Year (2017) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-23 HEAT Software USA

Milpitas, California, United States

HEAT Software USA, Inc. is a provider of hybrid service management and unified endpoint management software solutions for organizations of all sizes. HEAT Software is based in Milpitas, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 Swiss Watch International

Hollywood, Florida, United States

Swiss Watch International is a provider of fully integrated online retailers and multi-channel distributors of watches, accessories, and apparel.

Sell -
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 253 of 364
Sector (Information Technology) 25 of 36
Type (Consolidation) 4 of 6
State (Utah) 4 of 6
Country (United States) 202 of 263
Year (2017) 3 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-12 Thinkproject

München, Germany

Thinkproject is a provider of cross-enterprise collaboration and workflow software to the construction and engineering industries. Thinkproject was established in 2000 and is headquartered in München, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 Aldevron

Fargo, North Dakota, United States

Aldevron serves the biotechnology industry with the custom production of nucleic acids, proteins, and antibodies. Thousands of clients use Aldevron-produced plasmids, RNA, and gene editing enzymes for projects ranging from discovery research to clinical trials to commercial applications. These products are critical raw materials and key components in commercially available drugs and medical devices. Aldevron was founded in 1998 and is based in Fargo, North Dakota.

Buy -
Buyer

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.

DEAL STATS #
Overall 56 of 90
Sector (Information Technology) 3 of 8
Type (Consolidation) 2 of 3
State (Utah) 1 of 1
Country (United States) 49 of 79
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 QC Supply

Schuyler, Nebraska, United States

QC Supply is a specialty distributor and solutions provider to swine and poultry markets, as well as to other production and companion animal businesses and professionals. The company offers a broad selection of brand name and proprietary products and “one stop shopping” across three business segments: consumables (items such as rubber gloves and specialty lightbulbs), equipment (systems, such as feeding and climate control, and corresponding replacement parts) and turnkey solutions (design and management of new and retrofit barn construction and the purchase and installation of related equipment). QC Supply was founded in 1982 and is based in Schuyler, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Peacock Foods

Geneva, Illinois, United States

Peacock is a provider of outsourced supply chain management and packaging solutions to the food industry. Peacock’s full range of services includes primary and secondary packaging of ambient, refrigerated and frozen food products. In addition, the company provides customers with project engineering, design consulting, materials management, primary food processing, warehousing and shipping services.

Sell -
Mergr

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