M&A Deal Summary

Hexagon Acquires Intergraph

On July 7, 2010, Hexagon acquired software company Intergraph from Hellman & Friedman, TPG and JMI Equity for 2.1B USD

Acquisition Highlights
  • This is Hexagon’s 5th transaction in the Software sector.
  • This is Hexagon’s 2nd largest (disclosed) transaction.
  • This is Hexagon’s 7th transaction in the United States.
  • This is Hexagon’s 1st transaction in Alabama.

M&A Deal Summary
Date 2010-07-07
Target Intergraph
Sector Software
Buyer(s) Hexagon
Sellers(s) Hellman & Friedman
TPG
JMI Equity
Deal Type Add-on Acquisition
Deal Value 2.1B USD
Advisor(s) Goldman Sachs (Financial)
Simpson Thacher & Bartlett
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.

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Buyer(S) 1

Buyer

Hexagon

Stockholm, Sweden
Category Company
Founded 1975
Sector Information Technology
Employees24,091
Revenue 5.4B EUR (2023)
DESCRIPTION

Hexagon is a provider of integrated design, measurement and visualisation technologies. Hexagon was founded in 1975 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 22 of 83
Sector (Software) 5 of 39
Type (Add-on Acquisition) 21 of 77
State (Alabama) 1 of 2
Country (United States) 7 of 25
Year (2010) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-14 Rinex Technology Pty.

Perth, Australia

Rinex Technology Pty. Ltd. is a developer and supplier of hardware and software for agricultural tractor and combine guidance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-19 Sisgraph

Sao Paulo, Brazil

Sisgraph Ltda. is a provider of sales, consulting, implementation and training software services for all Intergraph products in Latin America.

Buy -

Seller(S) 3

SELLER

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) 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 19 of 59
Sector (Software) 4 of 9
Type (Add-on Acquisition) 5 of 13
State (Alabama) 1 of 1
Country (United States) 14 of 43
Year (2010) 2 of 4
Size (of disclosed) 11 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-10 Vertafore

Denver, Colorado, United States

Vertafore, Inc. is a cloud-based software that provides agency management, compliance, workflow, and data solutions that simplify and automate the complex property and casualty (“P&C”) insurance lifecycle. More than 20,000 agencies and 1,000 insurance carriers rely on Vertafore to streamline their processes, improve efficiency, and drive productivity. Vertafore, Inc. was founded in 1969 and is based in Denver, Colorado.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-08 Associated Materials

Cuyahoga Falls, Ohio, United States

Associated Materials is a manufacturer of exterior residential building products, which are distributed through company-owned distribution centers and independent distributors across North America. Associated Materials was founded in 1947 and is based in Cuyahoga Falls, Ohio.

Buy $1.3B
SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B 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 66 of 267
Sector (Software) 3 of 18
Type (Add-on Acquisition) 28 of 94
State (Alabama) 1 of 2
Country (United States) 48 of 193
Year (2010) 4 of 9
Size (of disclosed) 25 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-05 Rumo

Curitiba, Brazil

Rumo is a provider of rail transportation services. Rumo offers logistics services primarily for exporting commodities, including integrated solutions for transportation, handling, storage, and shipping from the production centers to the principal ports in the south and southeast of Brazil. Rumo was founded in 1997 and is headquartered in Curitiba, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-15 Ontex Group

Aalst, Belgium

Ontex Group is a label manufacturer of baby diapers, adult incontinence products, and feminine hygiene disposables. The company is headquartered in Belgium and has more than 4,000 employees and more than 10 manufacturing plants in the EU, CEE, Turkey, Algeria and China. Ontex Group was incorporated in 1979 and is based in Aalst, Belgium.

Buy €1.2B
SELLER

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 $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.

DEAL STATS #
Overall 42 of 106
Sector (Software) 27 of 54
Type (Add-on Acquisition) 31 of 67
State (Alabama) 1 of 1
Country (United States) 40 of 94
Year (2010) 4 of 4
Size (of disclosed) 3 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-15 Unison

Dulles, Virginia, United States

Unison is a provider of purpose-built procurement and contract management software solutions to U.S. federal government agencies and government contractors. All software development and support are done within the USA. For over 30 years, Unison has continually advanced software and insight solutions to help Federal programs efficiently achieve their missions. Unison was founded in 1983 and is based in Dulles, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-20 Internet Brands

El Segundo, California, United States

Internet Brands is an internet media company that owns and operates online media, community, and e-commerce websites in vertical markets. Internet Brands was founded in 1998 and is based in El Segundo, California.

Buy $640M
Mergr

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