M&A Deal Summary

HP Acquires Apogee

On August 1, 2018, HP acquired information technology company Apogee from Equistone for 380M GBP

Acquisition Highlights
  • This is HP’s 16th transaction in the Information Technology sector.
  • This is HP’s 14th largest (disclosed) transaction.
  • This is HP’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2018-08-01
Target Apogee
Sector Information Technology
Buyer(s) HP
Sellers(s) Equistone
Deal Type Add-on Acquisition
Deal Value 380M GBP

Target

Apogee

Maidstone, United Kingdom
Apogee Corporation Ltd. is an office equipment dealer (OED) and independent provider of print, outsourced services, and document and process technology. Apogee Corp. was founded in 1993 and is based in Maidstone, United Kingdom.

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Buyer(S) 1

Buyer

HP

Palo Alto, California, United States

Category Company
Founded 1939
Sector Technology Hardware
Employees58,000
Revenue 53.6B USD (2024)
DESCRIPTION
HP's corporate headquarters in Palo Alto, California.
HP's corporate headquarters in Palo Alto, California.

HP is a technology company that focuses on providing hardware, printers, and personal computing products. HP was founded in 1939 and is based in Palo Alto, California.


DEAL STATS #
Overall 90 of 97
Sector: Information Technology M&A 16 of 17
Type: Add-on Acquisition M&A Deals 82 of 88
Country: United Kingdom M&A 4 of 5
Year: 2018 M&A 1 of 1
Size (of disclosed) 14 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Samsung Electronics - Printer Business

Seoul, South Korea

Samsung Electronics Co., Ltd.’s printing business delivers digital offerings to the printing industry with solutions that change workplaces into smart offices. Samsung’s printer business also brings an intellectual property portfolio of more than 6,500 printing patents and a world-class workforce that includes nearly 1,300 researchers and engineers with advanced expertise in laser printer technology, imaging electronics, and printer supplies and accessories to support continued innovation in print market solutions.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 Bromium

Cupertino, California, United States

Bromium is an end point security start-up. Bromium protects enterprises by using virtualization-based security to isolate browser-based attacks, malicious downloads, email attachments and other applications in unique, hardware-enforced micro-virtual machines.

Buy -

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.


DEAL STATS #
Overall 161 of 203
Sector: Information Technology M&A 3 of 5
Type: Add-on Acquisition M&A Deals 53 of 68
Country: United Kingdom M&A 72 of 84
Year: 2018 M&A 11 of 13
Size (of disclosed) 10 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 Caseking

Berlin, Germany

Caseking is a provider of high-performance PC-gaming equipment and peripherals, maintains a track record of strong organic growth, excellent market understanding and successful product placement supporting the future growth of the Company. Caseking has displayed consistent growth, both organically as well as through add-on acquisitions, becoming a leading platform for PC-gaming equipment in Europe. Operations are based in Germany, Great Britain, Sweden, Finland, Hungary, Portugal and Taiwan. The Company processes 540.000 orders and sells approximately 4 million products worldwide per year. Products sold include own brands, brands exclusively available at Caseking and third-party brands. Caseking was formed in 2003 and is based in Berlin, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Wallenborn

Munsbach, Luxembourg

Wallenborn is a transportation company, offering cross-border services for so called "air freight road transportation", the pre- and post- onward delivery by road with identical flight number under the same IATA regulations. Clients are international forwarders, cargo-airlines and industrial companies. In addition, the company offers on road transportation for high-value cargo. Wallenborn was founded in 1920 and is based in Munsbach, Luxembourg.

Buy -