M&A Deal Summary |
|
|---|---|
| Date | 2015-08-12 |
| Target | SunGard Data Systems |
| Sector | Software |
| Buyer(s) | FIS Global |
| Sellers(s) |
TPG
Silver Lake The Blackstone Group Goldman Sachs Merchant Banking KKR Providence Equity Partners Bain Capital Private Equity Integral Capital Partners HarbourVest Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 9.1B USD |
| Advisor(s) | Goldman Sachs J.P. Morgan Securities Barclays Investment Bank Deutsche Bank Corporate & Investment Banking Credit Suisse Investment Banking (Financial) Simpson Thacher & Bartlett (Legal) |
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| Category | Company |
|---|---|
| Founded | 1968 |
| Sector | Financial Services |
| Employees | 60,000 |
| Revenue | 9.8B USD (2023) |
FIS Global is a provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS Global was incorporated in 1968 and is based in Jacksonville, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 22 |
| Sector (Software) | 7 of 8 |
| Type (Add-on Acquisition) | 16 of 18 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 15 of 20 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-02 |
Clear2Pay NV/SA
Diegem, Belgium Clear2Pay develops innovative payment technology for financial institutions, aimed at the safe, timely and smooth processing of internal payment traffic. Clear2Pay invests around EUR 5 million a year in researching and developing innovative payment technologies for use on a global scale. |
Buy | $493M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-10 |
FIS Global - Ambit Private Banking Business
Jacksonville, Florida, United States FIS Global - Ambit Private Banking Business is a provider of software solutions including Apsys and CIM, designed to help Swiss and international private banks to build a strong competitive advantage. The solution suite includes core banking, client management, analysis and control, market management, fund accounting and alternative investments solutions. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 147 of 267 |
| Sector (Software) | 7 of 18 |
| Type (Add-on Acquisition) | 58 of 94 |
| State (Pennsylvania) | 4 of 7 |
| Country (United States) | 108 of 193 |
| Year (2015) | 12 of 15 |
| Size (of disclosed) | 4 of 71 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-06-24 |
Envision Pharmaceutical Services
Twinsburg, Ohio, United States Envision Pharmaceutical Services, Inc. is a full-service pharmacy benefit management (PBM) company. EnvisionRx also offers fully integrated mail-order and specialty pharmacy services through Orchard Pharmaceutical Services; access to the nation's largest cash pay infertility discount drug program via Design Rx; an innovative claims adjudication software platform in Laker Software; and a national Medicare Part D prescription drug plan through Envision Insurance Company's EnvisionRx Plus product offering. |
Sell | $2.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-14 |
Ellucian
Reston, Virginia, United States Ellucian is a higher education technology solutions provider. Ellucian’s products help colleges and universities manage their core administrative functions including enrollment, budget and financial planning, student information, human resources, strategic planning, and fundraising. Ellucian was founded in 1968 and is based in Reston, Virginia. |
Buy | $3.5B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 104.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 31 of 64 |
| Sector (Software) | 6 of 15 |
| Type (Add-on Acquisition) | 10 of 18 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 22 of 50 |
| Year (2015) | 5 of 7 |
| Size (of disclosed) | 2 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-05 |
Motorola Solutions
Chicago, Illinois, United States Motorola Solutions designs, manufactures, and sells communications infrastructure, devices, system software and applications, and provides services associated with their use. Motorola Solutions was founded in 1928 and is based in Chicago, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-08 |
GoodRx
Santa Monica, California, United States GoodRx is a source for prescription and healthcare savings. More than 10 million consumers use GoodRx each month to find current prices and discounts on their medications. GoodRx’s real-time market-intelligence platform gathers retail prices and coupons for virtually every pharmacy in America, providing savings of up to 80%. GoodRx was founded in 2011 and is based in Santa Monica, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 97 of 173 |
| Sector (Software) | 2 of 6 |
| Type (Add-on Acquisition) | 36 of 67 |
| State (Pennsylvania) | 3 of 3 |
| Country (United States) | 63 of 105 |
| Year (2015) | 7 of 12 |
| Size (of disclosed) | 4 of 57 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-11 |
Currencies Direct
London, United Kingdom Currencies Direct is a provider of foreign exchange (“FX”) and international payment solutions to private and corporate clients. The company enables its customers to perform FX transactions and transfers at highly competitive rates through its proprietary online platform, via email or by phone. Currencies Direct was founded in 1995 and is based in London, United Kingdom. |
Buy | £200M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-21 |
Stearns Lending
Lewisville, Texas, United States Stearns Lending LLC is a provider of mortgage lending services in Wholesale, Retail, Correspondent, and Strategic Alliances sectors throughout the United States. Stearns Lending LLC was founded in 1989 and is based in Lewisville, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 155.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 62 of 110 |
| Sector (Software) | 3 of 10 |
| Type (Add-on Acquisition) | 16 of 37 |
| State (Pennsylvania) | 5 of 6 |
| Country (United States) | 44 of 78 |
| Year (2015) | 7 of 10 |
| Size (of disclosed) | 3 of 32 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-23 |
LeasePlan
Amsterdam, Netherlands LeasePlan is a global provider of automotive fleet management and driver mobility services. Leaseplan operates in 32 countries and manages a fleet of over 1.55 million vehicles representing a total asset value of €21.4bn. LeasePlan was founded in 1963 and is based in Amsterdam, Netherlands. |
Buy | €3.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-18 |
Suja Juice
Oceanside, California, United States Suja Juice is an organic, non-GMO, cold-pressed juice brand and among the fastest-growing beverage companies in the U.S. Suja is available for purchase at most major grocery and natural foods stores nationwide and select products can be purchased online at sujaJuice.com. Suja Juice was founded in 2012 and is based in Oceanside, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 510.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 70 of 204 |
| Sector (Software) | 1 of 8 |
| Type (Add-on Acquisition) | 24 of 66 |
| State (Pennsylvania) | 2 of 3 |
| Country (United States) | 37 of 89 |
| Year (2015) | 7 of 14 |
| Size (of disclosed) | 2 of 38 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-03 |
Capital Safety
Red Wing, Minnesota, United States Capital Safety, Inc. is a provider of fall protection equipment for people working at height in a wide range of end user sectors including manufacturing, construction, oil and gas, and utilities. |
Sell | $2.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-17 |
SoftwareONE
Stans, Switzerland SoftwareONE is a provider of software portfolio management including software licensing, software asset management, technology consulting and cloud services to more than 12,000 corporate customers in 115 countries. SoftwareONE was formed in 1985 and is based in Stans, Switzerland. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 36.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.
| DEAL STATS | # |
|---|---|
| Overall | 51 of 100 |
| Sector (Software) | 2 of 9 |
| Type (Add-on Acquisition) | 25 of 40 |
| State (Pennsylvania) | 2 of 5 |
| Country (United States) | 34 of 68 |
| Year (2015) | 7 of 10 |
| Size (of disclosed) | 1 of 35 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-13 |
Digiturk
Istanbul, Turkey Digiturk is the pay-TV operator in Turkey with approximately 3.5 million subscribers, offering a premium mix of leading sports and entertainment content across 239 standard and high definition channels. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-26 |
Ironman
Tampa, Florida, United States Ironman operates a global endurance sports portfolio with more than 230 triathlon, road running, trail running, cycling and mountain biking events across 57 countries. The iconic IRONMAN® Series of events is the largest participation sports platform in the world. Ironman was formed in 1978 and is based in Tampa, Florida. |
Sell | $650M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 44.2B USD |
| Size | Mega |
| Type | Sector Agnostic |
Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.
| DEAL STATS | # |
|---|---|
| Overall | 70 of 147 |
| Sector (Software) | 3 of 10 |
| Type (Add-on Acquisition) | 16 of 40 |
| State (Pennsylvania) | 6 of 7 |
| Country (United States) | 47 of 85 |
| Year (2015) | 5 of 12 |
| Size (of disclosed) | 2 of 44 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-01 |
TM Lewin Group
London, United Kingdom T.M. Lewin is a British businesswear retailer, known for its Jermyn Street heritage, invention of the first button-through shirt and affordable British style. T.M. Lewin serves customers from over 95 stores in the UK and Australia and over 90 franchise stores in the Middle East, Africa, India, South East Asia, and a strong online presence. T.M. Lewin was formed in 1898 and is based in London, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-17 |
Ewos AS
Bergen, Norway Ewos is a supplier of feed and nutrition for the international aquaculture industry. Founded in 1935, the company operates in the world's four major salmon farming regions: Norway, Chile, Canada and Scotland. |
Sell | €1.4B |
| Category | Venture Capital Firm |
|---|---|
| Founded | 1991 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Integral Capital Partners operates as a group of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries. Within information sciences, Integral focuses on communications-centric computing, real-time computing, and mobility. Within life sciences, Integral targets companies that deal in emerging medical technologies and healthcare information systems. The Firm operates in partnership with the venture capital firm Kleiner Perkins Caufield and Byers, which incubated the Firm in 1991, as well as private equity firm Silver Lake Partners. Integral Capital Partners is based in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 65 of 67 |
| Sector (Software) | 17 of 17 |
| Type (Add-on Acquisition) | 44 of 45 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 64 of 66 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 1 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-11-12 |
Stoke
Santa Clara, California, United States Stoke mobile broadband gateway solutions help operators contain the costs of delivering mobile broadband data services by offloading traffic from their current network infrastructures, enabling the use of public IP networks for backhauling mobile traffic, and providing a seamless mobile broadband user experience when wireless access technologies are bundled together into a single service offering. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-03 |
Jasper Technologies
Santa Clara, California, United States Jasper is an IoT service platform and many of the world’s largest enterprises and service providers are using the Jasper platform to scale their IoT services business globally. With Jasper, companies can connect any device – from cars to jet engines to implanted pacemakers – over the cellular networks of the top global service providers, and then manage connectivity of IoT services through Jasper’s Software as a Service (SaaS) platform. |
Sell | $1.4B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 70 of 133 |
| Sector (Software) | 9 of 16 |
| Type (Add-on Acquisition) | 27 of 57 |
| State (Pennsylvania) | 1 of 2 |
| Country (United States) | 44 of 84 |
| Year (2015) | 12 of 14 |
| Size (of disclosed) | 3 of 39 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-03 |
Ello Group
Huddersfield, United Kingdom Ello Group offer discounts to their members at over 10,000 restaurants across the UK in return for annual membership fees. Ello Group is based in Huddersfield, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-13 |
Intelex Technologies
Toronto, Ontario, Canada Intelex Technologies Inc. is a provider of Environmental, Health, Safety (EHS) and Quality management software solutions. |
Buy | - |
