M&A Deal Summary

Platinum Equity Acquires Quark Software

On August 9, 2011, private equity firm Platinum Equity acquired software company Quark Software

Acquisition Highlights
  • This is Platinum Equity’s 1st transaction in the Software sector.
  • This is Platinum Equity’s 40th transaction in the United States.
  • This is Platinum Equity’s 5th transaction in Michigan.
Investment Fate
  • Quark Software was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2011-08-09
Target Quark Software
Sector Software
Buyer(s) Platinum Equity
Deal Type Going Private
Advisor(s) Pagemill Partners (Financial)

Target

Quark Software

Grand Rapids, Michigan, United States
Quark Software is a developer of content automation platform that helps large organizations streamline the creation, management, publishing, and delivery of business-critical content. Their solutions automate the process with reusable Smart Content components that can be dynamically assembled and delivered with precision in any format and to any channel — web, tablet, mobile, print, and more. Quark Software was founded in 1981 and is based in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 47 of 156
Sector: Software M&A 1 of 2
Type: Going Private M&A Deals 7 of 12
State: Michigan M&A 5 of 7
Country: United States M&A 40 of 121
Year: 2011 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-28 SDI

Bristol, Pennsylvania, United States

SDI is a provider of MRO (maintenance, repair, and operations) integrated supply chain management services in North America. SDI helps customers optimize business performance by providing technology and supply chain solutions to increase productivity and reduce costs. SDI was established in 1968 and is based in Bristol, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 iET Solutions

Framingham, Massachusetts, United States

iET Solutions LLC develops and supports award-winning software applications for the IT service management market.

Sell -