M&A Deal Summary |
|
|---|---|
| Date | 2018-09-13 |
| Target | BeyondTrust |
| Sector | Software |
| Buyer(s) |
Francisco Partners
Clearlake Capital NB Private Equity Partners |
| Sellers(s) | Veritas Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | J.P. Morgan Securities Credit Suisse Investment Banking Jefferies (Financial) Kirkland & Ellis (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 45.0B USD |
| Size | Mega |
| Type | Sector Focused |
Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 100 of 156 |
| Sector (Software) | 38 of 54 |
| Type (Secondary Buyout) | 15 of 26 |
| State (Georgia) | 7 of 8 |
| Country (United States) | 83 of 131 |
| Year (2018) | 8 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-06 |
Thinventory
Slough, United Kingdom Thinventory is a technology-led logistics and locker provider. Like mechanical lock boxes that secure distributed inventory, the right mix of software, logistics expertise, smart lockers etc. Thinventory was founded in 2000 and is based in Slough, United Kingdom. |
Buy | £221M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-24 |
Crossmatch
Palm Beach Gardens, Florida, United States Crossmatch is a provider of biometric identity management and secure authentication solutions. Crossmatch was founded in 1996 and is headquartered in Palm Beach Gardens, Florida. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 72.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.
| DEAL STATS | # |
|---|---|
| Overall | 47 of 90 |
| Sector (Software) | 13 of 19 |
| Type (Secondary Buyout) | 14 of 39 |
| State (Georgia) | 4 of 6 |
| Country (United States) | 44 of 85 |
| Year (2018) | 6 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-19 |
Sage Automotive Interiors
Greenville, South Carolina, United States Sage Automotive Interiors, Inc. is a provider of an automotive bodycloth, including a range of knit and woven technical textiles, to many of the world's leading automobile manufacturers. Sage has global offices and manufacturing locations in the U.S., Brazil, United Kingdom, China, Korea and Japan and has contract manufacturing relationships worldwide. |
Sell | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-26 |
American Construction Source
Springfield, Missouri, United States American Construction Source is an LBM distributor with 70+ locations in nine states serving the needs of custom home builders, repair & remodel contractors, and DIY consumers. ACS provides lumber and building materials businesses the resources, leverage, and focus to make their ideas happen. American Construction Source was founded in 2018 and is based in Springfield, Missouri. |
Buy | - |
NB Private Equity Partners is a publicly traded asset manager focused on acquiring direct investments in privately held companies. The Firm principally targets businesses in the US and looks to invest alongside other private equity managers when considering opportunities. NB Private Equity Partners is headquartered in the UK, with an additional office in the US.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 27 |
| Sector (Software) | 1 of 1 |
| Type (Secondary Buyout) | 7 of 14 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 11 of 15 |
| Year (2018) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-30 |
Jet Parts Engineering
Seattle, Washington, United States Jet Parts Engineering is a designer of proprietary OEM-alternative parts and repair services for the commercial aerospace industry. JPE provides proprietary aftermarket replacement components, known as Parts Manufacturing Approval (“PMA”) and complementary proprietary component repair services, known as Designated Engineering Representative (“DER”) repairs. JPE’s PMA parts and DER repairs deliver significant cost savings to its commercial airline and MRO customers. Jet Parts Engineering was founded in 1994 and is based Seattle, Washington. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-01 |
MESGO
Gorlago, Italy MESGO S.p.A. is specializes in conventional rubber compounds and thermoplastics. MESGO is based in Gorlago, Italy. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 40.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 27 |
| Sector (Software) | 1 of 2 |
| Type (Secondary Buyout) | 6 of 9 |
| State (Georgia) | 1 of 2 |
| Country (United States) | 17 of 27 |
| Year (2018) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-11 |
Centricity Contingent Staffing
Hartford, Wisconsin, United States Centricity Contingent Staffing is a provider of human capital management solutions to the healthcare industry including time and attendance, staffing and scheduling, patient classification, payroll, human resource, productivity management and education tracking software. |
Buy | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-15 |
Cambium Learning Group
Dallas, Texas, United States Cambium Learning Group is an educational technology solutions company dedicated to helping all students reach their potential through individualized and differentiated instruction. Using a research-based, personalized approach, Cambium Learning Group delivers SaaS resources and instructional products that engage students and support teachers in fun, positive, safe and scalable environments. Cambium Learning Group is based in Dallas, Texas. |
Buy | $900M |
