M&A Deal Summary

Konica Minolta Acquires All Covered

On January 6, 2011, Konica Minolta acquired information technology company All Covered from TCV

Acquisition Highlights
  • This is Konica Minolta’s 1st transaction in the Information Technology sector.
  • This is Konica Minolta’s 3rd transaction in the United States.
  • This is Konica Minolta’s 1st transaction in California.

M&A Deal Summary

Date 2011-01-06
Target All Covered
Sector Information Technology
Buyer(s) Konica Minolta
Sellers(s) TCV
Deal Type Add-on Acquisition

Target

All Covered

Redwood City, California, United States
All Covered is an IT services company serving small- to medium-sized businesses. All Covered helps businesses across all verticals with their IT support needs. Across the US, more businesses trust All Covered for their IT support than any other company.

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Buyer(S) 1

Buyer

Konica Minolta

Tokyo, Japan

Category Company
Founded 1873
Sector Technology Hardware
Employees39,378
Revenue 1.16T JPY (2024)
DESCRIPTION
Konica Minolta office building in North Sydney, Australia.
Konica Minolta office building in North Sydney, Australia.

Konica Minolta is a manufacturer of copiers, laser printers, multi-functional peripherals and digital print systems. Konica Minolta was founded in 1873 and is based in Tokyo, Japan.


DEAL STATS #
Overall 3 of 26
Sector (Information Technology) 1 of 12
Type (Add-on Acquisition) 2 of 25
State (California) 1 of 3
Country (United States) 3 of 18
Year (2011) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-17 American Litho

Carol Stream, Illinois, United States

American Litho, Inc. is a full-service commercial printer company offering heatset and non-heatset color web and sheetfed printing as well ad digital prepress, binding, fulfillment and mailing services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-11 Koneo AB

Solna, Sweden

Koneo AB is a provider of information technology (IT) services company.

Buy -

Seller(S) 1

SELLER

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 40 of 84
Sector (Information Technology) 6 of 10
Type (Add-on Acquisition) 23 of 43
State (California) 22 of 32
Country (United States) 37 of 73
Year (2011) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-05 OSIsoft

San Leandro, California, United States

OSIsoft, Inc. is a provider of real-time industrial data software and services. OSIsoft was founded in 1980 and is based in San Leandro, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-08 Zillow Group

Seattle, Washington, United States

Zillow Group operates real estate and home-related information marketplaces on mobile and the Web, with a portfolio of brands and products to help people find information about homes and connect with local professionals. The Zillow Group portfolio of consumer brands includes real estate and rental marketplaces Zillow, Trulia, StreetEasy and HotPads. In addition, Zillow Group provides advertising services to real estate agents and rental and mortgage professionals, helping to create business opportunities and connect to consumers. Zillow also owns and operates brands that offer technology solutions to real estate, rental and mortgage professionals, including DotLoop, Mortech, Diverse Solutions and Retsly. Zillow Group was founded in 2004 and is based in Seattle, Washington.

Sell -