M&A Deal Summary

Incyte Capital Holdings Acquires Liquid Engines

On October 1, 2007, private equity firm Incyte Capital Holdings acquired software company Liquid Engines from The Carlyle Group

Acquisition Highlights
  • This is Incyte Capital Holdings’ 2nd transaction in the Software sector.
  • This is Incyte Capital Holdings’ 7th transaction in the United States.
  • This is Incyte Capital Holdings’ 3rd transaction in California.
Investment Fate
  • Liquid Engines was sold to a publicly-traded strategic buyer in 2009.

M&A Deal Summary

Date 2007-10-01
Target Liquid Engines
Sector Software
Buyer(s) Incyte Capital Holdings
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout

Target

Liquid Engines

Sunnyvale, California, United States
Liquid Engines, Inc. provides software and services to large, multi-jurisdictional and multi-national corporate taxpayers that analyze and optimize cash and tax effects of corporate transactions.

Search 214,239 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) 1

Buyer

Incyte Capital Holdings

Dallas, Texas, United States

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Incyte Capital Holdings LLC is a private holding firm focused on investing in companies seeking to complete a turnaround or recapitalization transaction. Incyte invests in companies generating sales of $25 to $200 million. Incyte prefers opportunities located in the US and Canada and has a particular interest in telecommunications, developed technology and software, healthcare, energy, basic industries, and consumer products. The Firm invests in the range of $20 to $150 million per transaction. The Incyte Capital was founded in 2000 and has offices in Dallas, Texas, and New York City.


DEAL STATS #
Overall 8 of 8
Sector: Software M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: California M&A 3 of 3
Country: United States M&A 7 of 7
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Silicon Entertainment

Campbell, California, United States

Silicon Entertainment, Inc., formerly based in Campbell, CA, is the creator and operator of NASCAR Silicon Motor Speedway, an advanced racing simulator location-based entertainment experience.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-28 Liquid Engines

Sunnyvale, California, United States

Liquid Engines, Inc. provides software and services to large, multi-jurisdictional and multi-national corporate taxpayers that analyze and optimize cash and tax effects of corporate transactions.

Sell -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 104 of 488
Sector: Software M&A 7 of 35
Type: Secondary Buyout M&A Deals 21 of 119
State: California M&A 10 of 37
Country: United States M&A 69 of 261
Year: 2007 M&A 18 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Zodiac Pool Solutions

Paris, France

Zodiac Pool Solutions is a global manufacturer of premium residential pool equipment and automation solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-03 Coates Hire

Mascot, Australia

Coates Hire is Australia’s largest equipment hire company with 120 years of experience, supplying to a wide variety of markets including Engineering Civil Construction, Building Construction and Maintenance, Mining and Resources, Manufacturing, Government, Industrial Shutdowns and Events.

Buy $2.2B