M&A Deal Summary |
|
|---|---|
| Date | 2024-05-30 |
| Target | Agiloft |
| Sector | Software |
| Buyer(s) |
KKR
FTV Capital JMI Equity |
| Sellers(s) | FTV Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Moelis & Co. (Financial) Baker & McKenzie (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 267.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 476 of 483 |
| Sector (Software) | 23 of 23 |
| Type (Secondary Buyout) | 101 of 107 |
| State (California) | 46 of 46 |
| Country (United States) | 204 of 210 |
| Year (2024) | 11 of 18 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-21 |
Infinx Services
Cupertino, California, United States Infinx Services provides data-driven AI and automation solutions for U.S. healthcare revenue cycle management (RCM). Infinx’s Healthcare Revenue Cloud platform supports end-to-end revenue cycle business functions with AI, automation, payer integrations and workforce management. Infinx Services was founded in 2012 and is based in Cupertino, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-21 |
Superstruct
London, United Kingdom Superstruct is a global platform of live music festivals and music events in Europe and Australia. Its well-diversified portfolio includes some of Europe’s most popular festivals and live event formats, among them Flow, Arenal Sound, Zwarte Cross, elrow, Victorious, Resurrection Fest and Lost Village, alongside established capabilities in brand partnerships, merchandise, staging and travel solutions. Superstruct was founded in 2017 and is based in London, England. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 6.2B USD |
| Size | Large |
| Type | Sector Agnostic |
FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 122 of 126 |
| Sector (Software) | 26 of 26 |
| Type (Secondary Buyout) | 3 of 4 |
| State (California) | 28 of 29 |
| Country (United States) | 101 of 103 |
| Year (2024) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-29 |
Solid
San Mateo, California, United States Solid is a fintech-as-a-service platform that offers modern infrastructure for any company to launch and scale fintech products. Solid is based in San Mateo, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-09 |
ZEMA Global Data
Richmond, British Columbia, Canada ZEMA Global Data is a provider of data, analytics and curve solutions, empowering organizations to harness the power of data for informed decision-making and strategic growth. ZEMA Global Data is based in Richmond, British Columbia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 7.5B USD |
| Size | Mega |
| Type | Sector Focused |
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 $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.
| DEAL STATS | # |
|---|---|
| Overall | 127 of 127 |
| Sector (Software) | 58 of 58 |
| Type (Secondary Buyout) | 9 of 9 |
| State (California) | 25 of 25 |
| Country (United States) | 111 of 111 |
| Year (2024) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-11 |
Safe Software
Surrey, British Columbia, Canada Safe Software is an enterprise integration company, that provides solutions that empower people and enterprises to unlock the full potential of their information, including spatial data. Safe Software was formed in 1993 and is based in Surrey, British Columbia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-24 |
Code42
Minneapolis, Minnesota, United States Code42 is a provider of software as a service (SaaS) endpoint data protection and security solutions to enterprises. Native to the cloud, Code42® Incydr™ data protection is engineered to rapidly detect data exposure, loss, leak, and theft and speeds incident response – all without lengthy deployments, complex policy management, or disrupting employee productivity. Code42 was formed in 2001 and is based in Minneapolis, Minnesota. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 6.2B USD |
| Size | Large |
| Type | Sector Agnostic |
FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 59 of 61 |
| Sector (Software) | 15 of 15 |
| Type (Secondary Buyout) | 6 of 7 |
| State (California) | 16 of 17 |
| Country (United States) | 52 of 54 |
| Year (2024) | 5 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-29 |
Solid
San Mateo, California, United States Solid is a fintech-as-a-service platform that offers modern infrastructure for any company to launch and scale fintech products. Solid is based in San Mateo, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-09 |
ZEMA Global Data
Richmond, British Columbia, Canada ZEMA Global Data is a provider of data, analytics and curve solutions, empowering organizations to harness the power of data for informed decision-making and strategic growth. ZEMA Global Data is based in Richmond, British Columbia. |
Buy | - |
