M&A Deal Summary

Integral Capital Partners, TPG, Silver Lake, The Blackstone Group, Goldman Sachs Merchant Banking, KKR, Providence Equity Partners, Bain Capital Private Equity and HarbourVest Partners Acquire SunGard Data Systems

On August 11, 2005, venture capital firm Integral Capital Partners, private equity firm TPG, private equity firm Silver Lake, private equity firm The Blackstone Group, private equity firm Goldman Sachs Merchant Banking, private equity firm KKR, private equity firm Providence Equity Partners, private equity firm Bain Capital Private Equity and private equity firm HarbourVest Partners acquired software company SunGard Data Systems for 11.4B USD

Acquisition Highlights
  • This is Integral Capital Partners’ 4th, TPG’s 1st, Silver Lake’s 2nd, The Blackstone Group’s 3rd, Goldman Sachs Merchant Banking’s 2nd, KKR’s 1st, Providence Equity Partners’ 1st, Bain Capital Private Equity’s 2nd and HarbourVest Partners’ 4th transaction in the Software sector.
  • This is Integral Capital Partners’ , TPG’s 7th, Silver Lake’s 5th, The Blackstone Group’s 12th, Goldman Sachs Merchant Banking’s 4th, KKR’s 8th, Providence Equity Partners’ 3rd, Bain Capital Private Equity’s 5th and HarbourVest Partners’ 4th largest (disclosed) transaction.
  • This is Integral Capital Partners’ 21st, TPG’s 46th, Silver Lake’s 8th, The Blackstone Group’s 60th, Goldman Sachs Merchant Banking’s 14th, KKR’s 22nd, Providence Equity Partners’ 18th, Bain Capital Private Equity’s 28th and HarbourVest Partners’ 16th transaction in the United States.
  • This is Integral Capital Partners’ 1st, TPG’s 1st, Silver Lake’s 1st, The Blackstone Group’s 2nd, Goldman Sachs Merchant Banking’s 2nd, KKR’s 1st, Providence Equity Partners’ 1st, Bain Capital Private Equity’s 3rd and HarbourVest Partners’ 1st transaction in Pennsylvania.
Investment Fate
  • SunGard Data Systems was sold to a publicly-traded strategic buyer in 2015 for 9.1B USD.

Target

SunGard Data Systems

Wayne, Pennsylvania, United States
Sungard campus in Downers Grove, Illinois.
Sungard campus in Downers Grove, Illinois.
SunGard Data Systems, Inc. is a provider of software and processing solutions for the financial services industry, higher education, and the public sector in over 70 countries. SunGard also offers disaster recovery, managed IT, and information availability consulting services along with business continuity management software.

Search 198,864 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 9

Buyer

Integral Capital Partners

Menlo Park, California, United States

Investor


Category Venture Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Integral Capital Partners operates as a group of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries. Within information sciences, Integral focuses on communications-centric computing, real-time computing, and mobility. Within life sciences, Integral targets companies that deal in emerging medical technologies and healthcare information systems. The Firm operates in partnership with the venture capital firm Kleiner Perkins Caufield and Byers, which incubated the Firm in 1991, as well as private equity firm Silver Lake Partners. Integral Capital Partners is based in Menlo Park, California.


DEAL STATS #
Overall 22 of 35
Sector (Software) 4 of 6
Type (Going Private) 2 of 3
State (Pennsylvania) 1 of 1
Country (United States) 21 of 34
Year (2005) 2 of 3
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-02 Intranets.com

Boxborough, Massachusetts, United States

Online Intranet Solutions for Small and Medium-Sized Businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-25 SeeBeyond Technology

Monrovia, California, United States

SeeBeyond Technology Corp. is a provider of business integration software worldwide. SeeBeyond’s software enables the real-time flow of information within the enterprise and among customers, suppliers, and partners. Its Integrated Composite Application Network suite provides a process-driven integration platform, which offers composite application network suite for integration and composite application solutions encompassing application-to-application integration, business-to-business integration, and business process management with human work flow, portal, extract transfer and load, business activity monitoring, and composite application development capabilities.

Sell -
Buyer

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 64 of 414
Sector (Software) 1 of 36
Type (Going Private) 7 of 36
State (Pennsylvania) 1 of 9
Country (United States) 46 of 277
Year (2005) 10 of 15
Size (of disclosed) 7 of 105
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-07 AgraQuest

Davis, California, United States

Agraquest is a leading developer of biopesticides. Agraquest leverages its proprietary screening technology and microorganism database to discover, develop, manufacture and market safe and effective natural pest management products for agricultural and other markets. Mr. Pasquesi serves as a director of Agraquest.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-27 America West Holdings

Phoenix, Arizona, United States

America West Holdings Corp. was one of the U.S.'s largest passenger carriers, based in Tempe, Arizona out of Phoenix Sky Harbor International Airport.

Sell -
Buyer

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 10 of 134
Sector (Software) 2 of 26
Type (Going Private) 2 of 16
State (Pennsylvania) 1 of 1
Country (United States) 8 of 94
Year (2005) 3 of 6
Size (of disclosed) 5 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-11 Alibaba Group

Hangzhou, China

Alibaba Group is a group of Chinese e-commerce businesses including Alibaba.com, Taobao, and Alipay. Alibaba Group was founded in 1999 and is based in Hangzhou, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 TD Ameritrade Holding

Omaha, Nebraska, United States

TD Ameritrade Holding Corp. is a provider of securities brokerage services and related technology-based financial services to retail investors, traders and independent registered investment advisors. TD Ameritrade provides its services predominantly through the Internet, a national branch network and relationships with RIAs. TD Ameritrade was established in 1971 and is based in Omaha, Nebraska.

Buy -
Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 84 of 333
Sector (Software) 3 of 12
Type (Going Private) 2 of 35
State (Pennsylvania) 2 of 5
Country (United States) 60 of 210
Year (2005) 5 of 11
Size (of disclosed) 12 of 171
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-05 Columbia House

New York, New York, United States

Columbia House is a direct marketer of music, videos and DVD home entertainment products. Columbia House was formed in 1955 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-15 HealthMarkets

North Richland Hills, Texas, United States

HealthMarkets is an independent field marketing organization (“FMO”) for health insurance and supplemental products. HealthMarkets was founded in 1983 and is based in North Richland Hills, Texas.

Buy $1.6B
Buyer

Goldman Sachs Merchant Banking

New York, New York, United States

Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 22 of 181
Sector (Software) 2 of 15
Type (Going Private) 2 of 15
State (Pennsylvania) 2 of 7
Country (United States) 14 of 125
Year (2005) 6 of 10
Size (of disclosed) 4 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-19 URBan Radio Broadcasting

Hallandale Beach, Florida, United States

The goal of the company is to acquire and operate clusters of radio stations in small and mid-sized markets throughout the United States, which will serve a diverse marketplace of audiences and advertisers.Urban owns and operates 23 radio stations located in Alexandria, Louisiana; Muscle Shoals, Alabama; Columbus, Mississippi; Meridian, Mississippi; Tupelo, Mississippi and Toledo, Ohio.

Buy $17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-18 HighPoint Resources

Denver, Colorado, United States

HighPoint Resources is an exploration and production company focused on the development of oil and natural gas assets located in the Denver-Julesburg Basin of Colorado. The Company's assets are located in the NE Wattenberg and Hereford Fields and in rural settings that are favorable for oil development.

Sell -
Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 35 of 458
Sector (Software) 1 of 21
Type (Going Private) 6 of 33
State (Pennsylvania) 1 of 4
Country (United States) 22 of 203
Year (2005) 5 of 8
Size (of disclosed) 8 of 99
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 Broadcom

Palo Alto, California, United States

Broadcom is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Broadcom was founded in 2018 and is based in San Jose, California.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-17 Rockwood Holdings

Princeton, New Jersey, United States

Rockwood Holdings, Inc. is a provider of specialty chemicals, pigments, additives and advanced materials to specialized manufacturing and technology companies throughout the world. The company is a global producer for many of its products including lithium compounds and chemicals, surface treatment chemicals, TiO2 pigments for synthetic fibers and ceramic hip joints.

Sell -
Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 28 of 135
Sector (Software) 1 of 15
Type (Going Private) 2 of 12
State (Pennsylvania) 1 of 5
Country (United States) 18 of 85
Year (2005) 4 of 7
Size (of disclosed) 3 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-30 Blackboard Engage

Chicago, Illinois, United States

Blackboard Engage (formerly Edline LLC) provides learning community management systems that help schools improve performance by increasing parental involvement, supporting teachers, and engaging the learning community. It offers an array of technology solutions, including Web hosting, content management, information portals, notification, analytics, and virtual storage and related technology solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-30 PanAmSat

New York, New York, United States

PanAmSat Corp. is a premiere global provider of fixed satellite services to video, data networking and government customers.

Sell $3.2B
Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 36 of 235
Sector (Software) 2 of 17
Type (Going Private) 2 of 22
State (Pennsylvania) 3 of 9
Country (United States) 28 of 124
Year (2005) 4 of 8
Size (of disclosed) 5 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-04 Eschelon Telecom

Minneapolis, Minnesota, United States

Eschelon Telecom, Inc. is a facilities-based competitive communications services provider of voice and data services and business telephone systems in 45 markets in the western United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-19 SigmaKalon Group BV

Uithoorn, Netherlands

SigmaKalon is a global producer of architectural, protective, marine and industrial coatings, and a leading coatings supplier in many parts of Europe and other key national markets across the globe, with an increasing presence in Africa and Asia. SigmaKalon sells architectural coatings directly to professional painters via a network of service centers, and it maintains a network of approximately 500 company-owned stores and approximately 3,000 independent wholesalers that give it direct access to customers.

Buy -
Buyer

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 23 of 222
Sector (Software) 4 of 26
Type (Going Private) 1 of 27
State (Pennsylvania) 1 of 2
Country (United States) 16 of 133
Year (2005) 5 of 11
Size (of disclosed) 4 of 68
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-02 Miller Heiman

Chicago, Illinois, United States

Miller Heiman is a sales performance training and consulting firm, serving clients in over 35 countries and working with some of the most respected companies in the world. Miller Heiman was formed in 1960 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-15 m-Qube

Watertown, Massachusetts, United States

m-Qube, Inc. helps companies develop, deliver, and bill for mobile content, messaging, and applications.

Buy $10M