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M&A Deal Summary

Planet Acquires Hoist Group

On March 6, 2022, Planet acquired information technology company Hoist Group from Advent International

Acquisition Highlights
  • This is Planet’s 4th transaction in the Information Technology sector.
  • This is Planet’s 1st transaction in Sweden.

M&A Deal Summary
Date 2022-03-06
Target Hoist Group
Sector Information Technology
Buyer(s) Planet
Sellers(s) Advent International
Deal Type Add-on Acquisition

Target

Hoist Group

Stockholm, Sweden
Hoist Group provides technology solutions to hotels, enabling them to manage coherent end-to-end digital journeys for their guests. Hoist Group optimizes guest services by correlating and analyzing the data that comes from its innovative property management & booking software, managed IP networks, internet and TV as well as from many other digital touchpoints. Hoist Group was formed in 1994 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Planet

Galway, Ireland
Category Company
Sector Financial Services
DESCRIPTION

Planet is a provider of VAT refund and dynamic currency conversion (“DCC”) services to retailers, governments, and financial institutions globally. Planet is based in Galway, Ireland.

DEAL STATS #
Overall 6 of 6
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 6 of 6
Country: Sweden M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Proximis

Paris, France

Proximis is a software publisher dedicated to cross-channel services, providing an innovative Web to Store software solution aimed at brands and retailers. Proximis was founded in 2008 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 214 of 235
Sector: Information Technology M&A 12 of 15
Type: Add-on Acquisition M&A Deals 78 of 87
Country: Sweden M&A 1 of 1
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-18 Grupo Tigre

Joinville, Brazil

Grupo Tigre is a multinational company with a strong international presence and leadership in civil construction and water treatment solutions. The company offers a broad product portfolio for civil construction, infrastructure, irrigation, and industrial markets. Grupo Tigre was founded in 1941 and is based in Joinville, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-16 Medius

Linkoping, Sweden

Medius is a provider of cloud-based accounts payable automation software that allows organizations to automate their invoice management process and gain greater financial control and visibility into their spending. Medius was founded in 2001 and is based in Linkoping, Sweden.

Buy -
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