M&A Deal Summary

EQT and Omnes Capital Acquire SiteCore

On April 1, 2016, private equity firms EQT and Omnes Capital acquired internet software and services company SiteCore from TCV for 1.0B EUR

Acquisition Highlights
  • This is EQT’s 1st and Omnes Capital’s 4th transaction in the Internet Software and Services sector.
  • This is EQT’s 22nd and Omnes Capital’s 4th largest (disclosed) transaction.
  • This is EQT’s 11th and Omnes Capital’s 7th transaction in the United States.
  • This is EQT’s 2nd and Omnes Capital’s 2nd transaction in California.

M&A Deal Summary
Date 2016-04-01
Target SiteCore
Sector Internet Software and Services
Buyer(s) EQT
Omnes Capital
Sellers(s) TCV
Deal Type Secondary Buyout
Deal Value 1.0B EUR

Target

SiteCore

San Francisco, California, United States
SiteCore is a provider of Web Content Management and Online Engagement. The Company has continuously innovated its product offering and has expanded from pure web content management software to customer experience management software. Sitecore is providing a compelling product offering at the core of the broader digital marketing software market which is expected to experience continued attractive growth. SiteCore was founded in 1999 and is based in San Francisco, California.

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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 143 of 312
Sector (Internet Software and Services) 1 of 20
Type (Secondary Buyout) 34 of 94
State (California) 2 of 11
Country (United States) 11 of 59
Year (2016) 3 of 20
Size (of disclosed) 22 of 46
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-10 Touhula

Oulu, Finland

Touhula is a Finnish early education service provider operating more than 140 pre-schools and day-care centers across Finland. Touhula has a unique high-quality education philosophy, encouraging children to engage in natural physical activity and adventure. Touhula was founded in 2010 and is based in Oulu, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 InCorp

Singapore, Singapore

InCorp is a provider of professional corporate solutions for businesses with a presence in seven markets across Asia. InCorp specializes in a full range of professional services for companies planning to establish a hub or headquarters in Asia, including incorporation, corporate secretarial & compliance, share registry, accounting, taxation, human resources, corporate recovery, and other business advisory services. InCorp was fored in 2015 and is based in Singapore.

Buy -
Buyer

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.

DEAL STATS #
Overall 126 of 162
Sector (Internet Software and Services) 4 of 6
Type (Secondary Buyout) 19 of 26
State (California) 2 of 2
Country (United States) 7 of 10
Year (2016) 2 of 3
Size (of disclosed) 4 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 Clario

Philadelphia, Pennsylvania, United States

Clario offers a compelling combination of technology, services, and clinical expertise, helping customers to deliver successful clinical trial outcomes by ensuring high-quality data capture, reduced costs, and shortened study timelines. Clario was founded in 1972 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-08 Infopro Digital

Antony Cedex, France

Infopro Digital is a French business-to-business (“B2B”) professional information services provider. The Company is active in three divisions: (i) Software, Data & Leads, which provides tailor-made information and decision-making tools delivered through software packages and digital platforms; (ii) Knowledge & Networking, which produces and delivers industry-specific content and solutions (subscriptions, training, events, etc.); and (iii) Global Trade Shows, which organises industry-specific exhibitions for professionals. Infopro Digital was founded in 2001 and is based in Antony Cedex, France.

Sell -

Seller(S) 1

SELLER

TCV

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

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 64 of 83
Sector (Internet Software and Services) 15 of 21
Type (Secondary Buyout) 5 of 7
State (California) 28 of 32
Country (United States) 57 of 73
Year (2016) 1 of 3
Size (of disclosed) 1 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 AutoWeb

Irvine, California, United States

AutoWeb is an Internet automotive destination site for purchasing new and used vehicles and obtaining auto-related information and services. AutoWeb was founded in 2013 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Watermark

Austin, Texas, United States

Watermark is a provider of assessment software for higher education institutions worldwide. Watermark provides educational intelligence systems that help colleges and universities gain insights into student learning so that they can improve the quality of educational programs, assess institutional effectiveness, and streamline the accreditation process. Watermark supports over 1,100 higher education institutions. Watermark is based in Austin, Texas.

Buy -
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