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M&A Deal Summary

Pacific Equity Partners Acquires Magentus

On December 22, 2020, private equity firm Pacific Equity Partners acquired information technology company Magentus for 449M USD

Acquisition Highlights
  • This is Pacific Equity Partners’ 1st transaction in the Information Technology sector.
  • This is Pacific Equity Partners’ 6th largest (disclosed) transaction.
  • This is Pacific Equity Partners’ 21st transaction in Australia.

M&A Deal Summary
Date 2020-12-22
Target Magentus
Sector Information Technology
Buyer(s) Pacific Equity Partners
Deal Type Going Private
Deal Value 449M USD

Target

Magentus

Melbourne, Australia
Magentus is a provider of unified collaboration, knowledge management, and education services and managed services in complex, knowledge-driven environments. The company's client base includes government agencies at all three levels (i.e. local, state, and federal) as well as blue-chip private sector businesses. It is represented on over 240 different contracts and preferred supplier arrangements nationally, many of them established organizations seeking specialist skills. Magentus was founded in 2007 and is based in Symonston, Australia.

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Buyer(S) 1

Buyer

Pacific Equity Partners

Sydney, Australia

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 10.0B AUD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pacific Equity Partner (PEP) is a private equity firm focused on buyout and late stage expansion capital investments in Australia and New Zealand. PEP typically partners with management teams in acquiring businesses and focuses on transactions valued up to AU$1 Billion. The Firm prefers control situations and typically holds investments for three to six years. PEP will not invest in start-ups or unprofitable businesses, as well as gambling or tobacco companies. Pacific Equity Partners was formed in 1998 and is based in Sydney, Australia. The Firm targets various industries.

DEAL STATS #
Overall 31 of 35
Sector (Information Technology) 1 of 1
Type (Going Private) 5 of 5
Country (Australia) 21 of 25
Year (2020) 3 of 3
Size (of disclosed) 6 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-25 American Stock Transfer & Trust

Brooklyn, New York, United States

American Stock Transfer & Trust Co. LLC (AST) is a full-service, tech-enabled professional services firm that helps companies and shareholders across North America maintain momentum through the use of secure corporate data, analytics, advisory services, and a strategic approach to every interaction. AST was established in 1971 and is based in Brooklyn, New York.

Sell $165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Healthe Care

Sydney, Australia

Healthe Care operates 12 private hospitals (10 acute and 2 psychiatric hospitals) across New South Wales, Queensland, Tasmania, and Victoria. The company also provides a range of outpatient services, including community nursing in the Hunter and Central region of New South Wales as well as workplace health services in Canberra and Melbourne. Healthe Care is based in Sydney, Australia.

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