M&A Deal Summary

JMI Equity and The Carlyle Group Acquire Gemcom Software International

On May 7, 2008, private equity firms JMI Equity and The Carlyle Group acquired software company Gemcom Software International for 180M USD

Acquisition Highlights
  • This is JMI Equity’s 28th and The Carlyle Group’s 24th transaction in the Software sector.
  • This is JMI Equity’s 10th and The Carlyle Group’s 114th largest (disclosed) transaction.
  • This is JMI Equity’s 4th and The Carlyle Group’s 2nd transaction in Canada.
  • This is JMI Equity’s 1st and The Carlyle Group’s 1st transaction in British Columbia.
Investment Fate
  • Gemcom Software International was sold to a publicly-traded strategic buyer in 2012 for 360M USD.

M&A Deal Summary

Date 2008-05-07
Target Gemcom Software International
Sector Software
Buyer(s) JMI Equity
The Carlyle Group
Deal Type Going Private
Deal Value 180M USD

Target

Gemcom Software International

Vancouver, British Columbia, Canada
Gemcom Software International, Inc. is a global supplier of specialized mining productivity solutions.

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Buyer(S) 2

Buyer

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $25 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 50 of 130
Sector: Software M&A 28 of 55
Type: Going Private M&A Deals 5 of 7
State: British Columbia M&A 1 of 3
Country: Canada M&A 4 of 12
Year: 2008 M&A 5 of 7
Size (of disclosed) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-28 The Search Agency

Los Angeles, California, United States

The Search Agency is an online marketing firm specializing in search engine marketing (SEM) and search engine optimization (SEO). The Search Agency was founded in 2002 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-08 Halogen Software

Ottawa, Ontario, Canada

Halogen Software, Inc. is a provider of cloud-based employee performance and talent management software.

Buy -
Buyer

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 323 of 749
Sector: Software M&A 24 of 57
Type: Going Private M&A Deals 14 of 36
State: British Columbia M&A 1 of 1
Country: Canada M&A 2 of 9
Year: 2008 M&A 11 of 28
Size (of disclosed) 114 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Metaldyne

Plymouth, Michigan, United States

Metaldyne LLC is a designer and supplier of metal-formed components and assemblies for engine and transmission applications including engine connecting rods, transmission valve bodies, crankshaft dampers and pulleys, forged and finished differential gears and assemblies, and balance shaft modules.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-08 Adesso Systems

Waltham, Massachusetts, United States

Adesso Systems, Inc. is the provider of mobile application development platforms for rapid development, deployment and maintenance of mobile enterprise applications.

Sell -