M&A Deal Summary

Commerce One Acquires AppNet

On June 20, 2000, Commerce One acquired information technology company AppNet from GTCR for 1.2B USD

Acquisition Highlights
  • This is Commerce One’s 1st transaction in the Information Technology sector.
  • This is Commerce One’s largest (disclosed) transaction.
  • This is Commerce One’s 1st transaction in the United States.
  • This is Commerce One’s 1st transaction in Maryland.

M&A Deal Summary
Date 2000-06-20
Target AppNet
Sector Information Technology
Buyer(s) Commerce One
Sellers(s) GTCR
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

AppNet

Bethesda, Maryland, United States
AppNet, Inc. is a provider of e-business professional services, ranging from creating corporate Web sites to integrating software applications into those sites and hosting them.

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Buyer(S) 1

Buyer

Commerce One

Greenville, South Carolina, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

Commerce One Inc. provides e-commerce and supplier relationship management solutions to manage business processes.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 84
Sector (Information Technology) 2 of 9
Type (Add-on Acquisition) 4 of 40
State (Maryland) 1 of 3
Country (United States) 4 of 81
Year (2000) 2 of 2
Size (of disclosed) 7 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-06 HomeBanc Mortgage

Atlanta, Georgia, United States

HomeBanc Mortgage Corporation (NYSE: HBMC) is a publicly traded residential mortgage real estate investment trust holding a leveraged portfolio of prime mortgage loans. HomeBanc, through its wholly owned subsidiary, originates loans through a retail network of stores and strategic marketing alliances. The Company currently focuses on select markets within Georgia, Florida, and North Carolina and seeks to meet or exceed client expectations with point-of-service technology, innovative products, and a consultative approach to delivering creative solutions to its customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-06 Coinmach

Plainview, New York, United States

Coinmach Laundry Corporation operates as a supplier of outsourced laundry equipment services for multi family housing properties in the United States. It also operated as a laundromat equipment distribution company.

Buy -
Mergr

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