M&A Deal Summary |
|
|---|---|
| Date | 2024-04-02 |
| Target | Avetta |
| Sector | Internet Software and Services |
| Buyer(s) |
EQT
Ardian |
| Sellers(s) |
Welsh Carson Anderson & Stowe
TCV Long Ridge Equity Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Goldman Sachs (Financial) Kirkland & Ellis (Legal) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 242.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
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 | 293 of 318 |
| Sector: Internet Software and Services M&A | 18 of 20 |
| Type: Secondary Buyout M&A Deals | 87 of 101 |
| State: Utah M&A | 2 of 2 |
| Country: United States M&A | 52 of 60 |
| Year: 2024 M&A | 2 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-22 |
Galderma
Zug, Switzerland Galderma is a global skincare company offering medical and consumer skin health solutions through three business units; aesthetics and prescription and consumer health. Galderma was founded in 1981 and is based in Zug, Switzerland. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-04 |
Groupe OCEA
Courbevoie, France Groupe OCEA is a provider of smart water and heat metering infrastructure. Groupe OCEA is based in Courbevoie, France. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 449 of 464 |
| Sector: Internet Software and Services M&A | 26 of 26 |
| Type: Secondary Buyout M&A Deals | 146 of 155 |
| State: Utah M&A | 3 of 3 |
| Country: United States M&A | 67 of 70 |
| Year: 2024 M&A | 6 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-27 |
Acteon
Norwich, United Kingdom Acteon is a global oilfield services provider focusing on the provision of subsea services and products. Acteon was founded in 1989 and is based in Norwich, United Kingdom. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-05 |
Staci
Saint-Ouen-l'Aumone, France Staci is a third-party logistics provider with a focus on complex retail logistics. Staci offers innovative B2B and B2C logistics solutions for companies wishing to outsource all or part of their logistics and distribution. Staci was founded in 1989 and is based in Saint-Ouen-l'Aumone, France. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1979 |
| PE ASSETS | 31.0B USD |
| Size | Mega |
| Type | Sector Focused |
Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 74 of 76 |
| Sector: Internet Software and Services M&A | 3 of 3 |
| Type: Secondary Buyout M&A Deals | 15 of 16 |
| State: Utah M&A | 1 of 1 |
| Country: United States M&A | 71 of 73 |
| Year: 2024 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-07 |
EquiLend
New York, New York, United States EquiLend is a provider of trading and post-trade services for the securities finance industry with offices in New York, London, Hong Kong and Toronto. EquiLend is backed by 10 global financial institutions: BlackRock, Credit Suisse, Goldman Sachs, J.P. Morgan Clearing, J.P. Morgan Chase, Bank of America Merrill Lynch, Morgan Stanley, Northern Trust, State Street and UBS. EquiLend is based in New York City. |
Buy | $800M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-14 |
Revel Systems
San Francisco, California, United States Revel Systems is a provider of mobile point-of-sale solutions to small and medium-sized business and enterprise merchants. Revel Systems was founded in 2010 and is based in San Francisco, California. |
Sell | - |
Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.
| DEAL STATS | # |
|---|---|
| Overall | 83 of 84 |
| Sector: Internet Software and Services M&A | 21 of 21 |
| Type: Secondary Buyout M&A Deals | 7 of 8 |
| State: Utah M&A | 3 of 3 |
| Country: United States M&A | 73 of 73 |
| Year: 2024 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-21 |
Adevinta
Amsterdam, Netherlands Adevinta is a marketplace specialist that helps local digital marketplaces thrive through global connections and networks of knowledge. The company's marketplaces unlock the full value in every person, place, and thing – helping local communities prosper and leaving a positive footprint on the world. It serves people where they live, acknowledging what’s special about every culture and every place. Adevinta was founded in 2018 and is based in Amsterdam, Netherlands. |
Buy | Nkr14.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-09 |
Nasuni
Boston, Massachusetts, United States Nasuni is a file data services company that helps organizations create a secure, file data cloud for digital transformation, global growth, and information insight. Nasuni was founded in 2009 and is based in Boston, Massachusetts. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 1.8B USD |
| Size | Large |
| Type | Sector Focused |
Long Ridge Equity Partners is a private investment firm focused on the financial services sector. The Firm seeks growth capital and special situation investments. Specific areas of interest include financial technology, specialty finance, securities and trading, asset management, payments, and exchanges. Long Ridge was formed in 2007 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 13 |
| Sector: Internet Software and Services M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 2 of 2 |
| State: Utah M&A | 2 of 2 |
| Country: United States M&A | 10 of 13 |
| Year: 2024 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-14 |
Ametros Financial
Burlington, Massachusetts, United States Ametros Financial offers a broad set of financial and medical management tools and technology, including medical administration reporting, automated payment technology, and access to significant healthcare discounts for pharmaceuticals, provider visits, and medical equipment. Ametros Financial was founded in 2010 and is based in Burlington, Massachusetts. |
Sell | $350M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-10 |
QX Global Group
Skipton, United Kingdom QX Global Group is a global consulting, digital transformation, and business process management (BPM) services company that partners with organizations seeking to transform and optimize their business operations. QX Global Group was founded in 2003 and is based in Skipton, United Kingdom. |
Buy | - |
