M&A Deal Summary |
|
|---|---|
| Date | 2021-08-17 |
| Target | Workforce Logiq |
| Sector | Information Technology |
| Buyer(s) | Magnit |
| Sellers(s) | The Carlyle Group |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Jefferies (Financial) Latham & Watkins (Legal) |
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| Category | Company |
|---|---|
| Founded | 1991 |
| Sector | Internet Software and Services |
| Employees | 600 |
Magnit is a provider of contingent workforce management solutions through a managed services program (“MSP”) and cloud-based vendor management software (“VMS”). Magnit was founded in 1991 and is based in Folsom, California.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 5 |
| Sector (Information Technology) | 1 of 2 |
| Type (Add-on Acquisition) | 3 of 4 |
| State (Florida) | 1 of 1 |
| Country (United States) | 2 of 4 |
| Year (2021) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-11 |
Brainnet Group
Nieuwegein, Netherlands Brainnet Group is a vendor-neutral Managed Services Provider (MSP) providing companies with significant cost savings, process optimization, and high-quality talent across their contingent workforce management programs. Brainnet Group was founded in 1996 and is based in Nieuwegein, Netherlands. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-29 |
WillHire
Austin, Texas, United States WillHire is a direct sourcing and talent pool management platform helping several Fortune enterprises to attract and engage contract talent directly while significantly reducing spend. WillHire was founded in 2018 and is based in Austin, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 435.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 426 of 480 |
| Sector (Information Technology) | 20 of 22 |
| Type (Add-on Acquisition) | 181 of 197 |
| State (Florida) | 9 of 11 |
| Country (United States) | 234 of 259 |
| Year (2021) | 18 of 30 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-16 |
Syniverse
Tampa, Florida, United States Syniverse is a provider of technology and business solutions for the global telecommunications industry. Syniverse makes mobile work for more than 900 mobile operators, cable and Internet providers, and enterprises in over 160 countries. Syniverse was founded in 1987 and is based in Tampa, Florida. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-04 |
1440 Foods
New York, New York, United States 1440 Foods is a functional snacking and active lifestyle platform with 4 brands: Pure Protein, Met RX, Body Fortress, and Balance Bar. The Company sells protein bars, protein powders, ready-to-drink protein shakes, and protein salty snacks. 1440 Foods is based in New York City. |
Sell | - |
