M&A Deal Summary

CVC Capital Partners and Partners Group AG Acquire VelocityEHS

On September 25, 2017, private equity firm CVC Capital Partners and asset manager Partners Group AG acquired software company VelocityEHS from Actua

Acquisition Highlights
  • This is CVC Capital Partners’ 3rd and Partners Group AG’s 4th transaction in the Software sector.
  • This is CVC Capital Partners’ 23rd and Partners Group AG’s 18th transaction in the United States.
  • This is CVC Capital Partners’ 2nd and Partners Group AG’s 1st transaction in Illinois.

M&A Deal Summary
Date 2017-09-25
Target VelocityEHS
Sector Software
Buyer(s) CVC Capital Partners
Partners Group AG
Sellers(s) Actua
Deal Type Divestiture

Target

VelocityEHS

Chicago, Illinois, United States
VelocityEHS is a provider of environmental, health and safety (EHS) management software and related content that helps organisations comply with a wide range of laws. Velocity’s business is comprised of two distinct offerings: its chemicals management programme enables safety managers to comply with regulations pertaining to the management of hazardous chemicals in the workplace. VelocityEHS was founded in 1996 and is based in Chicago, Illinois.

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Buyer(S) 2

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 212 of 323
Sector (Software) 3 of 7
Type (Divestiture) 25 of 39
State (Illinois) 2 of 2
Country (United States) 23 of 44
Year (2017) 16 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 BOLT Solutions

New York City, New York, United States

BOLT Solutions is a developer and marketer technology solutions for the insurance marketplace. The company’s software enables customers, P&C insurance carriers, agents, brokers and wholesalers to transmit and receive data in real-time and leverage existing systems to automatically interact with one another.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-12 Sebia

Lisses, France

Sebia is a provider of clinical protein electrophoresis equipment and reagents, a technology used for in-vitro diagnostic testing. Its systems analyse proteins in order to screen and monitor various diseases and conditions; primarily oncology (Multiple Myeloma), metabolic disorders such as Diabetes and also Hemoglobinopathy and rare pathologies. Sebia was founded in 1967 and is headquartered in Lisses, France.

Buy -
Buyer

Partners Group AG

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1996
Size Mega
Type Sector Agnostic
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.

DEAL STATS #
Overall 49 of 88
Sector (Software) 4 of 6
Type (Divestiture) 2 of 3
State (Illinois) 1 of 4
Country (United States) 18 of 33
Year (2017) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-24 United States Infrastructure

Indianapolis, Indiana, United States

United States Infrastructure Corp. specializes in locating pipes and cables for utility customers across the US and Canada. The Company employs more than 7,500 technicians and performs over 70 million utility locating services annually ahead of excavation or maintenance works. USIC currently serves around 1,000 customers in all major utility segments, including cable, telecommunications, electricity, gas, water and sewage. United States Infrastructure Corp. was founded in 1978 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Dynacast

Charlotte, North Carolina, United States

Dynacast is a provider of precision die cast components for a wide variety of industries including healthcare, consumer electronics, computers and peripherals, and automotive, among others.

Sell -

Seller(S) 1

SELLER

Actua

Radnor, Pennsylvania, United States
Category Company
Founded 1996
Sector Internet Software and Services
DESCRIPTION

Actua is a multi-vertical cloud company that brings the power of the cloud to vertical markets and processes. Actua is pioneering the second wave of the SaaS revolution – the vertical wave – by growing cloud businesses that are transforming their markets. With approximately 700 employees delivering unrivaled domain knowledge, agility, and responsiveness to customers, Actua’s rapidly growing vertical cloud businesses are positioned to lead this wave. Actua was originally established in 1996 and is based in Radnor, Pennsylvania.

DEAL STATS #
Overall 4 of 4
Sector (Software) 2 of 2
Type (Divestiture) 4 of 4
State (Illinois) 1 of 1
Country (United States) 4 of 4
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 FolioDynamix

New York, New York, United States

FolioDynamix, Inc. is a provider of an end-to-end technology solution paired with a suite of advisory tools including model portfolios, research, and overlay management services. FolioDynamix is based in New York, New York.

Sell $195M
Mergr

Product

Company

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