M&A Deal Summary

Hellman & Friedman, TPG and JMI Equity Acquire Intergraph

On November 29, 2006, private equity firms Hellman & Friedman, TPG and JMI Equity acquired software company Intergraph for 1.3B USD

Acquisition Highlights
  • This is Hellman & Friedman’s 5th, TPG’s 3rd and JMI Equity’s 23rd transaction in the Software sector.
  • This is Hellman & Friedman’s 26th, TPG’s 63rd and JMI Equity’s 4th largest (disclosed) transaction.
  • This is Hellman & Friedman’s 21st, TPG’s 61st and JMI Equity’s 34th transaction in the United States.
  • This is Hellman & Friedman’s 1st, TPG’s 1st and JMI Equity’s 1st transaction in Alabama.
Investment Fate
  • Intergraph was sold to a publicly-traded strategic buyer in 2010 for 2.1B USD.

M&A Deal Summary

Date 2006-11-29
Target Intergraph
Sector Software
Buyer(s) Hellman & Friedman
TPG
JMI Equity
Deal Type Going Private
Deal Value 1.3B USD
Advisor(s) Bass, Berry & Sims (Legal)

Target

Intergraph

Madison, Alabama, United States
Intergraph office in Houston, Texas.
Intergraph office in Houston, Texas.
Intergraph Corp. is a provider of spatial information management software and services. Security organizations, businesses, and governments use Intergraph's software to turn vast amounts of complex data into visual representations, allowing for faster, more effective operational decisions. Intergraph was formed in 1969 and is based in Mobile, Alabama.

Search 214,981 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 3

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 27 of 90
Sector: Software M&A 5 of 12
Type: Going Private M&A Deals 3 of 17
State: Alabama M&A 1 of 1
Country: United States M&A 21 of 62
Year: 2006 M&A 7 of 8
Size (of disclosed) 26 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-16 Change Healthcare

Nashville, Tennessee, United States

Change Healthcare is a provider of revenue cycle management and clinical communication solutions that enables payers, providers and patients to improve healthcare business processes. Change Healthcare is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Paris Re Holdings

Zug, Switzerland

Paris Re Holdings Ltd. is a property and casualty reinsurer with a global market presence.

Buy $1.6B
Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 86 of 453
Sector: Software M&A 3 of 40
Type: Going Private M&A Deals 10 of 40
State: Alabama M&A 1 of 2
Country: United States M&A 61 of 299
Year: 2006 M&A 17 of 19
Size (of disclosed) 63 of 114
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-18 David s Bridal

Conshohocken, Pennsylvania, United States

David’s Bridal is a retailer of bridal gowns and bridal-party related merchandise through its David’s Bridal stores and Priscilla of Boston stores. David’s Bridal stores provide an assortment of designer wedding gowns, special occasion dresses and accessories at affordable prices. Known for value, fashionable designs and the ease of one-stop shopping, David’s Bridal designs, produces and sells a wide selection of styles and sizes through a network of over 300 US and 5 Canadian stores. David's Bridal is based in Conshohocken, Pennsylvania.

Buy $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-12 Sabre

Southlake, Texas, United States

Sabre is a technology software provider to the travel and tourism industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre was formed in 2006 and is based in Southlake, Texas.

Buy $5.0B
Buyer

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $25 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 38 of 130
Sector: Software M&A 23 of 55
Type: Going Private M&A Deals 3 of 7
State: Alabama M&A 1 of 1
Country: United States M&A 34 of 114
Year: 2006 M&A 9 of 11
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-18 Network Intelligence

Westwood, Massachusetts, United States

Network Intelligence Corp. is a provider of security and network event management solutions. The Companys solutions collect and correlate the event data from security and network devices to create a clear picture of network usage and security policy compliance on enterprise and government networks.

Sell $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-05 ServiceNow

Santa Clara, California, United States

ServiceNow is a provider of service management software that automates and manages enterprise service relationships. ServiceNow was formed in 2004 and is based in Santa Clara, California.

Buy -