M&A Deal Summary

HP Acquires Exstream Software

On March 20, 2008, HP acquired software company Exstream Software from American Capital

Acquisition Highlights
  • This is HP’s 25th transaction in the Software sector.
  • This is HP’s 55th transaction in the United States.
  • This is HP’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2008-03-20
Target Exstream Software
Sector Software
Buyer(s) HP
Sellers(s) American Capital
Deal Type Add-on Acquisition

Target

Exstream Software

Lexington, Kentucky, United States
Exstream Software, LLC ("Exstream Software")is a provider of enterprise software for the rapid design and delivery of personalized communications.

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Buyer(S) 1

Buyer

HP

Palo Alto, California, United States

Category Company
Founded 1939
Sector Technology Hardware
Employees58,000
Revenue 53.7B USD (2023)
DESCRIPTION
HP's corporate headquarters in Palo Alto, California.
HP's corporate headquarters in Palo Alto, California.

HP is the hardware successor to Hewlett-Packard Company. HP focuses on providing hardware, printers, and personal computing products. HP was founded in 1939 and is based in Palo Alto, California.


DEAL STATS #
Overall 68 of 96
Sector (Software) 25 of 37
Type (Add-on Acquisition) 62 of 87
State (Kentucky) 1 of 1
Country (United States) 55 of 76
Year (2008) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-29 NUR Macroprinters

Lod, Israel

NUR Macroprinters Ltd. (“NUR”) is a leading supplier of wide-format inkjet printing systems for the out-of-home advertising market. NUR develops, manufactures and markets wide-format inkjet printers and presses and high-quality companion ink for a wide variety of applications.

Buy $118M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-31 TOWER Software Engineering Pty

Braddon, Australia

TOWER Software Engineering Pty Ltd. is a software development company. TOWER Software provides enterprise content management software, notably its TRIM product line for electronics records management.

Buy AU$109M

Seller(S) 1

SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 84 of 194
Sector (Software) 2 of 9
Type (Add-on Acquisition) 41 of 87
State (Kentucky) 1 of 2
Country (United States) 83 of 186
Year (2008) 5 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-12 Anchor Drilling Fluids

Tulsa, Oklahoma, United States

Anchor Drilling Fluids is an onshore drilling fluids and fluid handling service company in United States, providing engineered drilling fluid solutions and well site services to oil and natural gas land drillers. Anchor Drilling Fluids was founded in 1984 and is based in Tulsa, Oklahoma.

Sell $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 Technical Concepts

Winchester, Virginia, United States

Technical Concepts, LLC is a designer and marketer of 'touch-free' automated products and other related products and services for hygiene and odor control in 'away from home' restrooms. An inventing, manufacturing and commercializing reliable, cost-effective product systems designed to meet the hygiene and touch free needs in washrooms and at washstations.

Sell $445M