Buyout (LBO, MBO, MBI) • Information Technology

American Capital and Providence Equity Partners Acquire Blackboard Engage

On June 30, 2005, private equity firms American Capital and Providence Equity Partners acquired information technology company Blackboard Engage

Acquisition Context
  • This is American Capital’s 3rd and Providence Equity Partners’ 3rd transaction in the Information Technology sector.
  • This is American Capital’s 154th and Providence Equity Partners’ 17th transaction in the United States.
  • This is American Capital’s 11th and Providence Equity Partners’ 2nd transaction in Illinois.
Investment Fate
  • Blackboard Engage merged with another company in 2011.

Explore All 1200 Buyout (LBO, MBO, MBI) Information Technology Deals - Search the Database Free


M&A Deal Summary

Date June 30, 2005
Target Blackboard Engage
Sector Information Technology
Buyer(s) American Capital
Providence Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Blackboard Engage

Chicago, Illinois, United States
Blackboard Engage (formerly Edline LLC) provides learning community management systems that help schools improve performance by increasing parental involvement, supporting teachers, and engaging the learning community. It offers an array of technology solutions, including Web hosting, content management, information portals, notification, analytics, and virtual storage and related technology solutions.
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Buyers Overview 2

Buyer

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


Deal Context for Buyer #
Overall 159 of 265
Sector: Information Technology 3 of 10
Type: Buyout (LBO, MBO, MBI) 80 of 125
State: Illinois 11 of 13
Country: United States 154 of 253
Year: 2005 22 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-29 SmithBucklin

Chicago, Illinois, United States

SmithBucklin Corp. is a professional services firm in the U.S. The Company provides full-service management and project-specific services to more than 185 trade associations, professional societies, technology user groups and government institutes/agencies around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 ADF Holdings

Indianapolis, Indiana, United States

ADF Holdings, Inc. is a provider of engineered drilling fluid solutions and well site services to oil and natural gas land drillers.

Buy -
Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 38.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


Deal Context for Buyer #
Overall 27 of 137
Sector: Information Technology 3 of 14
Type: Buyout (LBO, MBO, MBI) 10 of 23
State: Illinois 2 of 4
Country: United States 17 of 86
Year: 2005 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-06 Dynata

Shelton, Connecticut, United States

Dynata is a global provider of data solutions and technology for consumer and B2B survey research. Dynata reaches participants in 90+ sample countries via internet, telephone, mobile/wireless and mixed-access offerings. Dynata was founded in 1977 and is based in Shelton, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-11 SunGard Data Systems

Wayne, Pennsylvania, United States

SunGard Data Systems, Inc. is a provider of software and processing solutions for the financial services industry, higher education, and the public sector in over 70 countries. SunGard also offers disaster recovery, managed IT, and information availability consulting services along with business continuity management software.

Buy $11.4B