M&A Deal Summary |
|
|---|---|
| Date | 2023-07-14 |
| Target | Kahoot! |
| Sector | Internet Software and Services |
| Buyer(s) |
General Atlantic
Goldman Sachs Merchant Banking KIRKBI |
| Deal Type | Going Private |
| Deal Value | 17.2B NOK |
| Advisor(s) | Morgan Stanley ABG Sundal Collier (Financial) |
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| Category | Growth Capital Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 73.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 329 of 339 |
| Sector (Internet Software and Services) | 72 of 73 |
| Type (Going Private) | 5 of 7 |
| Country (Norway) | 2 of 2 |
| Year (2023) | 4 of 7 |
| Size (of disclosed) | 3 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-15 |
ATOSS
Munich, Germany ATOSS is a provider of technology and consulting solutions for professional workforce management and demand-optimized personnel deployment. The company provides classic time management, mobile apps, a detailed determination of personnel requirements, sophisticated resource planning, or strategic capacity and requirements planning. Its workforce management solutions make a measurable contribution to added value and competitiveness for around 15,000 customers in more than 50 countries. Customers include companies such as ALDI SÜD, Coca-Cola, Deutsche Bahn, Douglas, Edeka, HUK-COBURG, Leverkusen Clinic, Lufthansa, Schmitz Cargobull, Sixt, the city of Regensburg, thyssenkrupp Packaging Steel and W.L. Gore & Associates. ATOSS was founded in 1987 and is based in Munich, Germany. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-01 |
Venterra
London, United Kingdom Venterra was formed to create a global services champion supporting the offshore wind industry’s rapid expansion and leading role in the energy transition. It is building a service offering across the wind farm lifecycle comprising Engineer, Build and Support services through a combination of acquisition and organic development to generate accelerated growth in the fast-expanding market. Venterra is based in London, England. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 155.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 178 of 182 |
| Sector (Internet Software and Services) | 14 of 14 |
| Type (Going Private) | 15 of 15 |
| Country (Norway) | 2 of 2 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 19 of 52 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-23 |
LeasePlan
Amsterdam, Netherlands LeasePlan is a global provider of automotive fleet management and driver mobility services. Leaseplan operates in 32 countries and manages a fleet of over 1.55 million vehicles representing a total asset value of €21.4bn. LeasePlan was founded in 1963 and is based in Amsterdam, Netherlands. |
Sell | €4.9B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-06 |
CarltonOne Engagement
Markham, Ontario, Canada CarltonOne Engagement is a technology company that creates B2B employee recognition, rewards, sales/channel incentive, and customer loyalty programs. CarltonOne Engagement was founded in 1989 and is based in Markham, Ontario. |
Buy | - |
KIRKBI A/S is the Kirk Kristiansen family’s holding and investment company. The Firm looks to make long-term investments in real estate and businesses throughout Denmark, the UK, Switzerland, and Germany. KIRKBI A/S is headquartered in Billund, Denmark.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 9 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Going Private) | 1 of 1 |
| Country (Norway) | 1 of 1 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-11 |
BrainPOP
New York, New York, United States BrainPOP is a digital education brand grounded in research and the science of learning. It has a presence in over two thirds of U.S. school districts and an estimated reach of 25M students annually, as well as an international presence. BrainPOP was founded in 1999 and is based in New York. |
Buy | - |
