M&A Deal Summary

Gemalto NV Acquires SafeNet

On January 8, 2015, Gemalto NV acquired information technology company SafeNet from Vector Capital, HarbourVest Partners and Valhalla Partners for 890M USD

Acquisition Highlights
  • This is Gemalto NV’s 8th transaction in the Information Technology sector.
  • This is Gemalto NV’s largest (disclosed) transaction.
  • This is Gemalto NV’s 7th transaction in the United States.
  • This is Gemalto NV’s 1st transaction in Maryland.

M&A Deal Summary
Date 2015-01-08
Target SafeNet
Sector Information Technology
Buyer(s) Gemalto NV
Sellers(s) Vector Capital
HarbourVest Partners
Valhalla Partners
Deal Type Add-on Acquisition
Deal Value 890M USD

Target

SafeNet

Belcamp, Maryland, United States
SafeNet is a digital information security company. SafeNet protect, control the access to, and manage most sensitive data and high value software applications.

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Buyer(S) 1

Buyer

Gemalto NV

Meudon, France
Category Company
Founded 2006
Sector Information Technology
Employees10,000
Revenue 3.0B EUR (2018)
DESCRIPTION

Gemalto NV is a provider of digital security products and services worldwide. The company designs security solutions to governments, industrial companies, and enterprises; and ePassports, border and visa management, biometrics, ID and health cards, voter and vehicle registration, drivers' licenses, and eGovernment support services. Gemalto was formed in 2006 and is based in Meudon, France.

DEAL STATS #
Overall 16 of 18
Sector (Information Technology) 8 of 10
Type (Add-on Acquisition) 9 of 9
State (Maryland) 1 of 1
Country (United States) 7 of 9
Year (2015) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-13 Marquis ID Systems

Fort Wayne, Indiana, United States

Marquis ID Systems is a provider of fully integrated solutions and services for Drivers License and Identification in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-10 Trub - Secure Document

United States

Trub - Secure Document is a provider of polycarbonate technology services.

Buy -

Seller(S) 3

SELLER

Vector Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.

DEAL STATS #
Overall 17 of 33
Sector (Information Technology) 3 of 6
Type (Add-on Acquisition) 13 of 18
State (Maryland) 1 of 1
Country (United States) 16 of 28
Year (2015) 1 of 3
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-17 ChyronHego

Melville, New York, United States

ChyronHego provides graphics products and services for the creation and enhancement of live television production. Its customers include foremost broadcast, cable, satellite, and post-production facilities in most major television markets worldwide. ChyronHego was founded in 1966 and is based in Melville, New York.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Tidel

Carrollton, Texas, United States

Tidel is a provider of cash management solutions that empower retail institutions across the globe to better manage their daily cash operations, reduce risk, and increase profits. Customers rely on Tidel to provide reliable solutions that help secure, optimize, and streamline their cash environment. Tidel is based in Carrollton, Texas.

Sell -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 59 of 134
Sector (Information Technology) 7 of 18
Type (Add-on Acquisition) 21 of 58
State (Maryland) 2 of 5
Country (United States) 37 of 85
Year (2015) 1 of 14
Size (of disclosed) 23 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 ChinaPnR

Shanghai, China

ChinaPnR is an infrastructure provider for China’s rapidly growing financial services market. ChinaPnR is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-22 Trainline

London, United Kingdom

Trainline is an online provider of rail tickets for rail travel in the UK. The Company was Founded in 1999 and is based in London, United Kingdom.

Sell -
SELLER

Valhalla Partners

Vienna, Virginia, United States

Investor Investor Investor

Category Venture Capital Firm
Founded 2002
PE ASSETS 440M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Valhalla Partners is a private equity and venture capital firm focused primarily on providing capital to technology companies in the Mid-Atlantic US. Valhalla will invest at all company stages, including early-stage needs as well as more mature company situations such as divestitures. Sub-sectors of tech Valhalla will consider include software, internet, digital media, mobile, and data storage. Valhalla Partners was formed in 2002 and is based in Vienna, Virginia.

DEAL STATS #
Overall 22 of 33
Sector (Information Technology) 6 of 8
Type (Add-on Acquisition) 14 of 22
State (Maryland) 2 of 4
Country (United States) 22 of 33
Year (2015) 1 of 4
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-13 SEPATON

Marlborough, Massachusetts, United States

SEPATON is changing the rules of data protection with innovative virtual tape library (VTL) products that deliver the speed, scalability and simplicity of disk-based backup for less than the cost of physical tape.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-12 Automated Insights

Durham, North Carolina, United States

Automated Insights (Ai) uses its patented Wordsmith natural language generation platform to transform Big Data into written reports with the depth of analysis, personality and variability of a human writer.

Sell -
Mergr

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