M&A Deal Summary |
|
|---|---|
| Date | 2017-12-05 |
| Target | TSheets.com |
| Sector | Internet Software and Services |
| Buyer(s) | Intuit |
| Sellers(s) | Summit Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 340M USD |
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Intuit is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company's flagship products and services help customers solve business and financial management problems, such as running a small business, paying bills, filing income taxes, or managing personal finances. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Intuit's products and services are available in the United States, Canada, the United Kingdom, Australia, India and Singapore. Intuit was formed in 1983 and is based in Mountain View, California.
| DEAL STATS | # |
|---|---|
| Overall | 50 of 55 |
| Sector (Internet Software and Services) | 22 of 25 |
| Type (Add-on Acquisition) | 46 of 51 |
| State (Idaho) | 1 of 1 |
| Country (United States) | 45 of 49 |
| Year (2017) | 2 of 2 |
| Size (of disclosed) | 7 of 29 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-26 |
Exactor
Bala Cynwyd, Pennsylvania, United States Exactor, Inc. is a cloud based SaaS technology provider of sales and use tax calculation and filing. Exactor, Inc. was founded in 2003 and is based in Bala Cynwyd, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-18 |
Intuit - Data Center
Quincy, Washington, United States Intuit, Inc. - Data Center is a provider of IT services in Quincy, Washington |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 218 of 285 |
| Sector (Internet Software and Services) | 13 of 28 |
| Type (Add-on Acquisition) | 97 of 127 |
| State (Idaho) | 3 of 3 |
| Country (United States) | 196 of 246 |
| Year (2017) | 13 of 15 |
| Size (of disclosed) | 20 of 49 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-01 |
Normec
Utrecht, Netherlands Normec is active in the field of testing, inspecting, certification, and compliance mainly in the Netherlands, Belgium, and Germany. Normec assesses and supports the quality and safety of materials, systems, and products by conducting independent audits, tests, and inspections based on accredited methods. As an independent organization, the work of Normec includes taking care of the quality and safety of their clients’ materials, systems, and products. Normec operates in the Life Safety & Environment and Food & Agriculture segments. Normec was formed in 2015 and is based in Utrecht, Netherlands. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-07 |
Advance Health
Chantilly, Virginia, United States Advance Health is a healthcare provider of prospective health risk assessments (“HRAs”). Advance Health offers in-home and facility-based HRAs and chronic care management services for health plans. Advance Health was founded in 2010 and is based in Chantilly, Virginia. |
Sell | - |
