M&A Deal Summary

EQT Acquires WSO2

On May 3, 2024, private equity firm EQT acquired software company WSO2

Acquisition Highlights
  • This is EQT’s 13th transaction in the Software sector.
  • This is EQT’s 55th transaction in the United States.
  • This is EQT’s 10th transaction in California.

M&A Deal Summary
Date 2024-05-03
Target WSO2
Sector Software
Buyer(s) EQT
Deal Type Buyout (LBO, MBO, MBI)

Target

WSO2

Santa Clara, California, United States
WSO2 provides application development and identity and access management software to enterprises globally, with over 80% of revenue coming from blue-chip customers in the Americas and EMEA. WSO2 is based in Santa Clara, California.

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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 300 of 317
Sector (Software) 13 of 14
Type (Buyout (LBO, MBO, MBI)) 83 of 85
State (California) 10 of 11
Country (United States) 55 of 59
Year (2024) 5 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 RIMES

New York, New York, United States

RIMES is a provider of managed data services and regulatory solutions for the buy side. RIMES is a pioneer provider of cloud-based technology that delivers highly customized financial data over the Internet. RIMES was founded in 1996 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-05 Perficient

Saint Louis, Missouri, United States

Perficient is a digital transformation consulting firm serving Global 2000 and enterprise customers throughout North America with a broad array of information technology, management consulting, and creative services. Solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others. Perficient was founded in 1999 and is based in St. Louis, Missouri.

Buy $3.0B
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