M&A Deal Summary

Hellman & Friedman Acquires Hostelworld

On November 13, 2009, private equity firm Hellman & Friedman acquired internet software and services company Hostelworld from Summit Partners for 342M USD

Acquisition Highlights
  • This is Hellman & Friedman’s 3rd transaction in the Internet Software and Services sector.
  • This is Hellman & Friedman’s 38th largest (disclosed) transaction.
  • This is Hellman & Friedman’s 1st transaction in Ireland.
Investment Fate
  • Hostelworld went public in 2015.

M&A Deal Summary

Date 2009-11-13
Target Hostelworld
Sector Internet Software and Services
Buyer(s) Hellman & Friedman
Sellers(s) Summit Partners
Deal Type Secondary Buyout
Deal Value 342M USD
Advisor(s) Morgan Stanley
Oaklins (Financial)
Maples Group (Legal)

Target

Hostelworld

Dublin, Ireland
Hostelworld provides online bookings and reservations technology for the budget, independent, and youth travel sectors worldwide, through its boo.com, hostelworld.com, and hostels.com brands. Hostelworld was founded in 1999 and is headquartered in Dublin, Ireland.

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Buyer(S) 1

Buyer

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 115.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


DEAL STATS #
Overall 40 of 90
Sector: Internet Software and Services M&A 3 of 10
Type: Secondary Buyout M&A Deals 5 of 27
Country: Ireland M&A 1 of 1
Year: 2009 M&A 3 of 3
Size (of disclosed) 38 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-09 Datatel

Fairfax, Virginia, United States

Datatel has focused exclusively on helping colleges and universities manage their business processes. Datatel today provides fully integrated enterprise information management software solutions to more than 600 colleges, universities and other higher education institutions serving almost 4 million students

Buy $570M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-29 Sedgwick

Memphis, Tennessee, United States

Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The Company provides technology-enabled claims management solutions for workers’ compensation, disability, liability, and property claims. Sedgwick was founded in 1969 and is based in Memphis, Tennessee.

Buy $1.1B

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 142 of 298
Sector: Internet Software and Services M&A 7 of 31
Type: Secondary Buyout M&A Deals 12 of 64
Country: Ireland M&A 1 of 1
Year: 2009 M&A 4 of 4
Size (of disclosed) 20 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-30 ApoCell

Houston, Texas, United States

ApoCell, Inc. is a molecular diagnostics laboratory that develops proprietary technology to analyze the effectiveness of oncology compounds for large pharmaceutical and biotech companies. ApoCell, Inc. was founded in 2004 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Salient Partners

Houston, Texas, United States

Salient Partners is an investment management firm and a recognized innovator in the development, management, and delivery of sophisticated, non-traditional investment solutions for both institutional and retail investors. Salient Partners is based in Houston, Texas.

Buy -