M&A Deal Summary

CloudOne Digital Acquires Liquid Web

On April 20, 2023, CloudOne Digital acquired internet software and services company Liquid Web from Madison Dearborn Partners

Acquisition Highlights
  • This is CloudOne Digital’s 1st transaction in the Internet Software and Services sector.
  • This is CloudOne Digital’s 1st transaction in the United States.
  • This is CloudOne Digital’s 1st transaction in Michigan.

M&A Deal Summary

Date 2023-04-20
Target Liquid Web
Sector Internet Software and Services
Buyer(s) CloudOne Digital
Sellers(s) Madison Dearborn Partners
Deal Type Add-on Acquisition

Target

Liquid Web

Lansing, Michigan, United States
Liquid Web provides complex web hosting and managed cloud services to more than 30,000 customers worldwide across five high-performance data centers in the U.S. and in Amsterdam. The company is known for its premier Heroic Support platform, which delivers highly technical customer support across its server and hosting products. Liquid Web was founded in 1997 and is based in Lansing, Michigan.

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Buyer(S) 1

Buyer

CloudOne Digital

Lansing, Michigan, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

CloudOne Digital offers infrastructure and cloud capabilities spanning the needs of small entrepreneurs, small and midsize businesses, developers and midmarket enterprise workloads, while providing the support online businesses need to grow and succeed. CloudOne serves customers globally offering solutions that include hosting services, managed applications, software solutions, bare metal services and e-commerce application tools. CloudOne Digital is based in Lansing, Michigan.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 69 of 74
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 30 of 34
State (Michigan) 1 of 1
Country (United States) 61 of 66
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 Wilmington Trust - CIT Business

Wilmington, Delaware, United States

Wilmington Trust - CIT Business is a provider of third-party trustee and administrative services to asset managers and the employer-sponsored retirement market. Wilmington Trust's CIT Business is based in Wilmington, Delaware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-08 Syntellis

Chicago, Illinois, United States

Syntellis provides innovative enterprise performance management software, data, and analytics solutions for healthcare, higher education, and financial institutions. Syntellis’ solutions include Axiom and Connected Analytics software, which help finance professionals elevate performance by acquiring insights, accelerating decisions, and advancing their business plans. Syntellis was formed in 2020 and is based in Chicago, Illinois.

Sell $1.3B