M&A Deal Summary

Permira Acquires eDreams

On July 28, 2010, private equity firm Permira acquired information technology company eDreams from TA Associates for 300M EUR

Acquisition Highlights
  • This is Permira’s 1st transaction in the Information Technology sector.
  • This is Permira’s 57th largest (disclosed) transaction.
  • This is Permira’s 3rd transaction in Spain.
Investment Fate
  • eDreams merged with another company in 2011.

M&A Deal Summary

Date 2010-07-28
Target eDreams
Sector Information Technology
Buyer(s) Permira
Sellers(s) TA Associates
Deal Type Secondary Buyout
Deal Value 300M EUR

Target

eDreams

Barcelona, Spain
eDreams is the online travel agency in Southern Europe. It focuses on offering the best selection of flights, hotels and vacation packages through the use of innovative search, packaging and booking engines via the Internet.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 68 of 171
Sector: Information Technology M&A 1 of 12
Type: Secondary Buyout M&A Deals 7 of 45
Country: Spain M&A 3 of 5
Year: 2010 M&A 1 of 4
Size (of disclosed) 57 of 64
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-21 Cognis

Monheim Am Rhein, Germany

Cognis is one of the world's largest producers of chemicals based on natural oils and animal fats. It is involved in many product/ market segments with a particular emphasis on the personal care market and benefits from a diversified raw material base.

Sell €3.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 eDreams ODIGEO

Madrid, Spain

eDreams ODIGEO is an online portal that allows users to find and book flight tickets and hotels. eDreams ODIGEO was founded in 1999 and is based in Madrid, Spain.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 141 of 261
Sector: Information Technology M&A 13 of 21
Type: Secondary Buyout M&A Deals 14 of 51
Country: Spain M&A 1 of 2
Year: 2010 M&A 4 of 5
Size (of disclosed) 37 of 68
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-26 PowerBar

Glendale, California, United States

PowerBar was created by athletes, for athletes. Company started PowerBar to help athletes reach their goals by providing nutrition tools for optimum athletic performance.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-06 IntraLinks Holdings

New York City, New York, United States

IntraLinks Holdings, Inc. is a global content collaboration company that provides cloud-based solutions to control the sharing, distribution and management of high value content within and across organizations according to the highest-level of security and the most stringent compliance regulations. Over 90,000 clients, 99% of the Fortune 1000 companies, have depended on Intralinks to digitally transform and simplify critical business processes, and secure high-value information. With a 20-year track record of enabling high-stakes transactions and business collaborations valued at more than $31.3 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration technology.

Sell -