M&A Deal Summary

EQT and CPP Investments Acquire Acronis

On August 7, 2024, private equity firm EQT and pension CPP Investments acquired internet software and services company Acronis from CVC Capital Partners

Acquisition Highlights
  • This is EQT’s 19th and CPP Investments’ 16th transaction in the Internet Software and Services sector.
  • This is EQT’s 10th and CPP Investments’ 3rd transaction in Switzerland.

M&A Deal Summary

Date 2024-08-07
Target Acronis
Sector Internet Software and Services
Buyer(s) EQT
CPP Investments
Sellers(s) CVC Capital Partners
Deal Type Secondary Buyout

Target

Acronis

Schaffhausen, Switzerland
Acronis is a provider of virtualization, the explosion of data creation and the opportunities Cloud services offer are bringing new challenges to maintaining effective backup and disaster recovery programs for critical data. Acronis was founded in 2003 and is based in Schaffhausen, Switzerland.

Search 215,029 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 300 of 320
Sector: Internet Software and Services M&A 19 of 20
Type: Secondary Buyout M&A Deals 92 of 101
Country: Switzerland M&A 10 of 10
Year: 2024 M&A 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-28 idealista

Madrid, Spain

idealista is an online real estate marketplace that supports approximately 40,000 real estate agents and 38 million unique monthly visitors across Southern Europe, by providing an online real estate classifieds marketplace for home buyers and sellers. idealista was formed in 2000 and is based in Madrid, Spain.

Sell €2.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 AMCS

Limerick, Ireland

AMCS supplies integrated software and vehicle technology for the waste, recycling, and material resources industries. AMCS Platform is a suite of best-in-class SaaS solutions that includes industry-specific enterprise management software, intelligent optimization, mobile workforce, vehicle technology, digital engagement, and analytics solutions, which delivers digital innovation to the emerging circular economy worldwide. AMCS was founded in 2003 and is based in Limerick, Ireland.

Buy -
Buyer
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


DEAL STATS #
Overall 158 of 176
Sector: Internet Software and Services M&A 16 of 17
Type: Secondary Buyout M&A Deals 38 of 46
Country: Switzerland M&A 3 of 3
Year: 2024 M&A 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 Keywords Studios

Dublin, Ireland

Keywords Studios is an international technical services provider to the global video games industry. The company provides integrated art creation, localization, testing, audio, and customer care services across 50 languages and 14 game platforms to a blue-chip client base in more than 15 countries. Keywords Studios was founded in 1998 and is based in Dublin, Ireland.

Buy £2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-13 Jaggaer

Durham, North Carolina, United States

Jaggaer is a provider of procurement software for large and medium-sized enterprises. Jaggaer provides cloud-based Source-to-Pay eProcurement solutions for spend management, which enables a fluid supply chain for its customers, driven by powerful spend analytics, vendor sourcing, contract lifecycle management, savings tracking, and efficient accounts payable systems on a single platform. Jaggaer was founded in 1995 and is based in Durham, North Carolina.

Sell -

Seller(S) 1

SELLER

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 173 of 181
Sector: Internet Software and Services M&A 5 of 6
Type: Secondary Buyout M&A Deals 42 of 43
Country: Switzerland M&A 4 of 4
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Therakos

West Chester, Pennsylvania, United States

Therakos is a fully integrated extracorporeal photopheresis (ECP) delivery system for autologous immunomodulatory therapy. Therakos is based in West Chester, Pennsylvania.

Buy $925M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-27 Hellenic Healthcare Group

Athens, Greece

Hellenic Healthcare Group is is a private hospital operator. The group has six hospitals: Metropolitan Hospital, Metropolitan General, Hygeia Hospital, Mitera, Leto and Creta Interclinic. Hellenic Healthcare Group is based in Athens, Greece.

Sell $2.3B