M&A Deal Summary

EQT and Summit Partners Acquire CluePoints

On June 12, 2024, private equity firm EQT and growth capital firm Summit Partners acquired information technology company CluePoints from Summit Partners

Acquisition Highlights
  • This is EQT’s 27th and Summit Partners’ 40th transaction in the Information Technology sector.
  • This is EQT’s 4th and Summit Partners’ 4th transaction in Belgium.

M&A Deal Summary
Date 2024-06-12
Target CluePoints
Sector Information Technology
Buyer(s) EQT
Summit Partners
Sellers(s) Summit Partners
Deal Type Secondary Buyout

Target

CluePoints

Louvain-la-Neuve, Belgium
CluePoints provides Risk-Based Study Execution (RBx) and Data Quality Oversight Software. The company's products utilize comprehensive statistical algorithms to determine the quality, accuracy, and integrity of clinical trial data both during and after the study conduct. CluePoints was established in 2012 and is based in Louvain-la-Neuve, Belgium.

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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 303 of 315
Sector (Information Technology) 27 of 27
Type (Secondary Buyout) 90 of 96
Country (Belgium) 4 of 4
Year (2024) 8 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 Assemblage

Minneapolis, Minnesota, United States

Assemblage consists of over five million square feet and features a mix of bulk, light industrial, and last-mile facilities with an average building size of more than 200,000 square feet. Assemblage is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 Constellation Cold Logistics

London, United Kingdom

Constellation Cold Logistics is a platform comprising market-leading cold storage and logistics businesses in Europe. Constellation Cold Logistics was founded in 2019 and is based in London, United Kingdom.

Buy -
Buyer

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 385 of 386
Sector (Information Technology) 40 of 40
Type (Secondary Buyout) 27 of 27
Country (Belgium) 4 of 4
Year (2024) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 PostPilot

Spartanburg, South Carolina, United States

PostPilot is a direct-mail marketing company that helps omnichannel marketers acquire and retain customers with smart, AI-driven postcard and catalog campaigns. PostPilot is based in Spartanburg, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 Revizto

Lausanne, Switzerland

Revizto provides software for the Architecture, Engineering, Construction & Operation (AECO) industry and an Integrated Collaboration Platform. Using gaming technology and cloud solutions, the company provides a collaboration platform for 3D and 2D workflows that enables users to work and communicate with all project stakeholders in a unified single environment. The platform is utilized globally for real-time coordination, automated clash detection, and issue tracking throughout the lifecycle of a building or infrastructure project. Revizto is based in Lausanne, Switzerland.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 282 of 285
Sector (Information Technology) 22 of 22
Type (Secondary Buyout) 57 of 59
Country (Belgium) 2 of 2
Year (2024) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 PostPilot

Spartanburg, South Carolina, United States

PostPilot is a direct-mail marketing company that helps omnichannel marketers acquire and retain customers with smart, AI-driven postcard and catalog campaigns. PostPilot is based in Spartanburg, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 Revizto

Lausanne, Switzerland

Revizto provides software for the Architecture, Engineering, Construction & Operation (AECO) industry and an Integrated Collaboration Platform. Using gaming technology and cloud solutions, the company provides a collaboration platform for 3D and 2D workflows that enables users to work and communicate with all project stakeholders in a unified single environment. The platform is utilized globally for real-time coordination, automated clash detection, and issue tracking throughout the lifecycle of a building or infrastructure project. Revizto is based in Lausanne, Switzerland.

Buy -
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