M&A Deal Summary

Masternaut Acquires Masternaut UK

On June 5, 2014, Masternaut acquired software company Masternaut UK from Francisco Partners

Acquisition Highlights
  • This is Masternaut’s 1st transaction in the Software sector.
  • This is Masternaut’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2014-06-05
Target Masternaut UK
Sector Software
Buyer(s) Masternaut
Sellers(s) Francisco Partners
Deal Type Divestiture
Advisor(s) Arma Partners (Financial)

Target

Masternaut UK

Aberford, United Kingdom
Masternaut UK Ltd. is a designer and delivers SaaS solutions for managing the mobile workforce that enable customers and partners to achieve evolutionary step-changes in their performance and service delivery. Formed through the combination of established telematics providers, Cybit and Masternaut, the new Masternaut boasts the broadest range of telematics products, services and R&D capability in Europe. Masternaut UK Ltd. was founded in and is based in Aberford, United Kingdom.

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Buyer(S) 1

Buyer

Masternaut

London, United Kingdom

Category Company
Founded 2014
Sector Information Technology
Employees400
DESCRIPTION

Masternaut Ltd. is a fleet telematics service provider. Masternaut provides solutions for fleet tracking and optimization, driver behaviour improvement and digital transformation. Masternaut Ltd. was founded in 2014 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 30 of 88
Sector: Software M&A 9 of 30
Type: Divestiture M&A Deals 1 of 2
Country: United Kingdom M&A 2 of 5
Year: 2014 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-04 Prosper

San Francisco, California, United States

Prosper is a peer-to-peer financing platform to invest and borrow money. The Prosper platform connects people who want to invest money with people who want to borrow money. The unsecured personal loans are used by Prosper borrowers for a variety of purposes including paying down high interest rate debt and helping with small business funding. Prosper was founded in 2005 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Zego

San Diego, California, United States

Zego is a payments technology and resident engagement platform for the residential real estate industry that unifies critical resident touchpoints into one app. The Company’s mobile-first platform delivers portfolio-wide efficiency, higher NOI and more engaged residents by seamlessly integrating payment, billing and utility expense management capabilities with a proprietary resident engagement and communication portal. Zego also provides smart home device functionality. Zego serves 6,000 residential real estate companies and over 12 million units nationwide. Zego was founded in 2003 and is based in San Diego, California.

Buy -