M&A Deal Summary

Goldman Sachs Merchant Banking Acquires Cervalis

On September 10, 2010, private equity firm Goldman Sachs Merchant Banking acquired information technology company Cervalis

Acquisition Highlights
  • This is Goldman Sachs Merchant Banking’s 4th transaction in the Information Technology sector.
  • This is Goldman Sachs Merchant Banking’s 54th transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 2nd transaction in Connecticut.

M&A Deal Summary
Date 2010-09-10
Target Cervalis
Sector Information Technology
Buyer(s) Goldman Sachs Merchant Banking
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Citizens Digital Infrastructure M&A Advisory (Financial)

Target

Cervalis

Norwalk, Connecticut, United States
Cervalis is a premier provider of IT infrastructure solutions including business continuity / rapid recovery, managed hosting, managed security, managed storage, networking and telecommunications, and co-location. The company’s skilled professionals, world-class facilities and outstanding customer support provide clients with a secure IT environment that ensures business resilience.

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Buyer(S) 1

Buyer

Goldman Sachs Merchant Banking

New York, New York, United States
Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 77 of 183
Sector (Information Technology) 4 of 14
Type (Buyout (LBO, MBO, MBI)) 23 of 33
State (Connecticut) 2 of 3
Country (United States) 54 of 127
Year (2010) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-01 Axon Digital Design

Gilze, Netherlands

Axon Digital Design designs and markets high quality broadcast equipment for the conversion, processing, routing and compliance recording of audio and video signals. Axon Digital Design was founded in 1987 and is based in Gilze, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-30 Univar

Downers Grove, Illinois, United States

Univar Solutions is a global chemical and ingredient distributor and a provider of value-added services to customers across a wide range of industries. Univar was founded in 1924 and is based in Downers Grove, Illinois.

Buy $4.2B
Mergr

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