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M&A Deal Summary

Golden Gate Capital Acquires Sierra Systems Group

On October 16, 2006, private equity firm Golden Gate Capital acquired information technology company Sierra Systems Group for 93M USD

Acquisition Highlights
  • This is Golden Gate Capital’s 4th transaction in the Information Technology sector.
  • This is Golden Gate Capital’s 20th largest (disclosed) transaction.
  • This is Golden Gate Capital’s 2nd transaction in the United Kingdom.
  • This is Golden Gate Capital’s 1st transaction in British Columbia.
Investment Fate
  • Sierra Systems Group was sold to a publicly-traded strategic buyer in 2018.

M&A Deal Summary
Date 2006-10-16
Target Sierra Systems Group
Sector Information Technology
Buyer(s) Golden Gate Capital
Deal Type Going Private
Deal Value 93M USD

Target

Sierra Systems Group

Vancouver, British Columbia, United Kingdom
Sierra Systems Group, Inc. is a Canadian IT services and management consulting firm offering a full range of advisory, systems development and integration, and application managed services. With approximately 700 professionals across Canada, Sierra Systems has developed deep expertise in its targeted industries and has earned a reputation for delivering superior solutions that strengthen organizations’ operational performance. Headquartered in Vancouver, British Columbia and founded in 1966.

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Buyer(S) 1

Buyer

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 32 of 112
Sector: Information Technology M&A 4 of 9
Type: Going Private M&A Deals 3 of 11
State: British Columbia M&A 1 of 1
Country: United Kingdom M&A 2 of 3
Year: 2006 M&A 9 of 11
Size (of disclosed) 20 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-06 California Check Cashing Stores

Oakland, California, United States

California Check Cashing Stores, LLC is a leading retailer of alternative financial services including check cashing, short-term consumer loans ('payroll advance'), wire transfers and bill payment services. The Company focuses on serving unbanked and underbanked consumers, many of whom seek alternatives to traditional banking relationships in order to gain convenient and immediate access to cash.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-30 Haband Co.

Jessup, Pennsylvania, United States

Haband Company, Inc. is one of America's oldest and largest direct mail and online marketers of value-priced men's and women's comfortable, casual apparel, shoes and practical home items.

Buy -
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