M&A Deal Summary

EQT Acquires Thinkproject

On November 16, 2020, private equity firm EQT acquired information technology company Thinkproject from TA Associates

Acquisition Highlights
  • This is EQT’s 19th transaction in the Information Technology sector.
  • This is EQT’s 38th transaction in Germany.

M&A Deal Summary

Date 2020-11-16
Target Thinkproject
Sector Information Technology
Buyer(s) EQT
Sellers(s) TA Associates
Deal Type Secondary Buyout
Advisor(s) Arma Partners (Financial)
Hengeler Mueller
Travers Smith (Legal)

Target

Thinkproject

München, Germany
Thinkproject is a provider of cross-enterprise collaboration and workflow software to the construction and engineering industries. Thinkproject was established in 2000 and is headquartered in München, Germany.

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Buyer(S) 1

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 237 of 320
Sector: Information Technology M&A 19 of 26
Type: Secondary Buyout M&A Deals 66 of 101
Country: Germany M&A 38 of 44
Year: 2020 M&A 15 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 TIA Technology A/S

Virum, Denmark

TIA Technology is a provider of standardized insurance software solutions in Europe and South Africa. The Company addresses the migration trend from legacy systems to standardized software and offers flexible and comprehensive suites of core insurance applications primarily for Property & Casualty insurers, Life & Pension, Health, and a number of innovative extension modules. TIA Technology was formed in 1997 and is based in Virum, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 HusCompagniet

Tilst, Denmark

HusCompagniet builds on a strong brand and business model, delivering high-quality single-family houses with great value for money. HusCompagniet was founded in 1972 and is based in Tilst, Denmark.

Sell -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 228 of 261
Sector: Information Technology M&A 19 of 21
Type: Secondary Buyout M&A Deals 40 of 51
Country: Germany M&A 5 of 6
Year: 2020 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Planview

Austin, Texas, United States

Planview is a provider of IT Governance software solutions to the Global 2000 with applications that help companies optimize the utilization of resources and manage/monitor IT projects. Planview was formed in 1989 and is based in Austin, Texas.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Stackline

Seattle, Washington, United States

Stackline is an all-in-one e-commerce platform for brands and retailers. By combining market intelligence, advertising automation, workflow management, and operational analytics into a single platform, Stackline delivers the industry-leading operating system for companies to scale their online retail business globally. Stackline was founded in 2014 and is headquartered in Seattle, Washington with additional offices in Minneapolis and London.

Buy -