M&A Deal Summary

CVC Capital Partners Acquires Straive

On April 30, 2013, private equity firm CVC Capital Partners acquired information technology company Straive from PLDT

Acquisition Highlights
  • This is CVC Capital Partners’ 1st transaction in the Information Technology sector.
  • This is CVC Capital Partners’ 3rd transaction in Philippines.
Investment Fate
  • Straive was sold to a consortium of financial buyers in 2017 for 330M USD.
  • Straive was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2013-04-30
Target Straive
Sector Information Technology
Buyer(s) CVC Capital Partners
Sellers(s) PLDT
Deal Type Divestiture

Target

Straive

Paranaque City, Philippines
Straive provides a comprehensive set of specialized services and technology solutions related to the creation, enrichment, and transformation of the published content. These services span a publisher's entire value chain, from author support and content development, through copy editing and typesetting, to digitalization, database management, and data analytics. Straive was founded in 1980 and is based in Paranaque City, Philippines.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 155 of 328
Sector: Information Technology M&A 1 of 12
Type: Divestiture M&A Deals 16 of 40
Country: Philippines M&A 3 of 6
Year: 2013 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-24 Evonik Industries

Essen, Germany

Evonik Industries is an industrial corporation with worldwide operations grouped in three business areas Chemicals, Energy and Real Estate which are positioned at the forefront of their market segments. It is a global leader in specialty chemicals (former Degussa), an expert in power generation from hard coal and renewable energies (former STEAG) and one of Germany's largest privately owned residential real estate companies. Evonik Industries was founded in 1873 and is based in Essen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-09 Rocla Concrete Tie

Denver, Colorado, United States

Rocla Concrete Tie, Inc. is a manufacturer of prestressed concrete railroad ties in the United States.

Sell -

Seller(S) 1

SELLER

PLDT

Makati City, Philippines

Category Company
Founded 1928
Sector Communications
Employees14,727
Revenue 216.8B PHP (2024)
DESCRIPTION

PLDT is a telecommunications service provider in the Philippines. Through its principal business groups – fixed line, wireless and others – PLDT offers a wide range of telecommunications services across the Philippines’ most extensive fiber optic backbone and fixed line and cellular networks. PLDT was founded in 1928 and is based in Makati City, Philippines.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Philippines M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-07 PhilCom

Makati City, Philippines

PhilCom Corp. provides basic telephone and public calling office products.

Buy -