M&A Deal Summary

EQT Acquires XP Solutions

On September 19, 2016, private equity firm EQT acquired software company XP Solutions from Cardno

Acquisition Highlights
  • This is EQT’s 3rd transaction in the Software sector.
  • This is EQT’s 14th transaction in the United States.
  • This is EQT’s 1st transaction in Oregon.
Investment Fate
  • XP Solutions merged with another company in 2017.

M&A Deal Summary

Date 2016-09-19
Target XP Solutions
Sector Software
Buyer(s) EQT
Sellers(s) Cardno
Deal Type Divestiture

Target

XP Solutions

Portland, Oregon, United States
XP Solutions is a provider of industry-standard sustainable drainage and flood hazard software for the civil engineering and environmental sectors. XP Solutions was founded in 1974 and is based in Portland, Oregon.

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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 150 of 318
Sector: Software M&A 3 of 15
Type: Divestiture M&A Deals 32 of 52
State: Oregon M&A 1 of 1
Country: United States M&A 14 of 60
Year: 2016 M&A 10 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 TransIP

Leiden, Netherlands

TransIP is the largest independent domain name, hosting, and Virtual Private Server (“VPS”) provider in the Benelux with a focus on tech-savvy customers and IT professionals. TransIP was founded in 2003 and is headquartered in Leiden in the Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-19 GB Railfreight

London, United Kingdom

GB Railfreight is a rail freight operator that provides transportation services for various goods and materials. GB Railfreight was founded in 1999 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Cardno

Fortitude Valley, Australia

Category Company
Founded 1945
Sector Engineering
Employees4,400
Revenue 976M AUD (2020)
DESCRIPTION

Cardno is a professional infrastructure and environmental services company, with specialist expertise in the development and improvement of physical and social infrastructure for communities around the world. Cardno’s team includes leading professionals who plan, design, manage and deliver sustainable projects and community programs. Cardno was founded in 1945 and is based in Fortitude Valley, Australia.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Oregon M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 ATC Associates

Lafayette, Louisiana, United States

ATC Associates is a multi-disciplinary science and engineering firm providing consulting services in geotechnical engineering, construction materials testing and special inspection, roofing and water proofing consulting, industrial hygiene and occupational health consulting, environmental management, and environmental health and safety training.

Sell -