M&A Deal Summary

Permira Acquires Teraco

On December 4, 2014, private equity firm Permira acquired information technology company Teraco from Treacle Private Equity

Acquisition Highlights
  • This is Permira’s 3rd transaction in the Information Technology sector.
  • This is Permira’s 1st transaction in South Africa.
Investment Fate
  • Teraco was sold to a consortium of financial buyers in 2019.
  • Teraco was sold to a consortium of buyers in 2022.

M&A Deal Summary

Date 2014-12-04
Target Teraco
Sector Information Technology
Buyer(s) Permira
Sellers(s) Treacle Private Equity
Deal Type Secondary Buyout

Target

Teraco

Johannesburg, South Africa
Teraco is a provider of carrier and cloud-neutral colocation data centers and with over 18 000 cross-connects. As the first provider of highly resilient, vendor-neutral data environments in sub-Saharan Africa, Teraco brings global content closer to the digital edge. Teraco was founded in 2008 and is based in Johannesburg, South Africa.

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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 90 of 170
Sector: Information Technology M&A 3 of 12
Type: Secondary Buyout M&A Deals 15 of 45
Country: South Africa M&A 1 of 1
Year: 2014 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-30 Metalogix Software

Washington, District of Columbia, United States

Metalogix Software Corp. is a provider of content infrastructure management software to transform collaboration platforms, increase knowledge sharing, and improve the use and performance of enterprise content management platforms. Metalogix Software Corp. was founded in 2001 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-07 FlixBus

Munich, Germany

FlixBus is a mobility provider, offering new alternatives for convenient, affordable and environmentally friendly travel via the FlixBus, FlixCar and FlixTrain brands. FlixBus is a disruptive, asset-light, tech-enabled global mobility platform offering mid- and long-distance travel in Europe and the US – the company helps over 50 million passengers a year to reach more than 2,000 destinations in over 30 countries. FlixBus was founded in 2011 and is based in Munich, Germany.

Buy -

Seller(S) 1

SELLER

Treacle Private Equity

Johannesburg, South Africa

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Treacle Private Equity is a South African private equity firm focused on equity investments in mid-market private and small cap listed companies in Southern Africa. Treacle generally looks to invest in businesses with revenues of R100 million to R1 billion. Prospective transaction situations include management buyouts, growth/acquisition financings, recapitalizations and restructurings of companies in distress, and development capital for emerging businesses. Companies of interest include export and manufacturing companies, as well as businesses that supply goods and services to key industries driving the South African economy. Treacle avoids investing in resource mining, real estate, and primary agriculture. Treacle Private Equity was formed in 2000 and is based in Johannesburg.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-15 SourceCode Technology Holdings

Redmond, Washington, United States

SourceCode is a software developer whose primary product is K2.net, a workflow and rapid process integration toolset.

Buy -