M&A Deal Summary

Providence Equity Partners and Seven2 Acquire Marlink

On September 2, 2021, private equity firms Providence Equity Partners and Seven2 acquired communications company Marlink from Seven2

Acquisition Highlights
  • This is Providence Equity Partners’ 20th and Seven2’s 4th transaction in the Communications sector.
  • This is Providence Equity Partners’ 2nd and Seven2’s 18th transaction in France.

M&A Deal Summary

Date 2021-09-02
Target Marlink
Sector Communications
Buyer(s) Providence Equity Partners
Seven2
Sellers(s) Seven2
Deal Type Secondary Buyout

Target

Marlink

Paris, France
Marlink is a commercial satellite communications provider operating through two divisions: Maritime division and The Land division. Marlink was formed in 2002 and is based in Paris, France.

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Buyer(S) 2

Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B 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 STATS #
Overall 123 of 135
Sector (Communications) 20 of 20
Type (Secondary Buyout) 30 of 38
Country (France) 2 of 4
Year (2021) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Propertybase

Boulder, Colorado, United States

Propertybase is a provider of software, online marketing and design services to real estate companies looking to be the technology leaders in their marketplace. Propertybase platform combines CRM, websites, content management, marketing automation and data management into one easy platform for real estate companies to manage their leads and digital marketing with ease. Propertybase was formed in 2004 in Boston, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 Blackboard

Reston, Virginia, United States

Blackboard is a global educational software company that allows thousands of higher education, K-12, professional, corporate and government organizations to extend teaching, learning and campus communication online to millions of students, parents and teachers. Blackboard was founded in 1997 and is based in Reston, Virginia.

Sell -
Buyer

Seven2

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 4.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Seven2 is a private equity firm focused on investments in listed and unlisted small and midcap companies located in Continental Europe. The Firm targets growing businesses in the tech and telecom, consumer, and healthcare services sectors valued between €10 million and €1 billion. Seven2 generally has a five year investment horizon and considers minority and majority positions. Seven2 was established in 1972 and is headquartered in Paris, France.


DEAL STATS #
Overall 24 of 33
Sector (Communications) 4 of 4
Type (Secondary Buyout) 10 of 14
Country (France) 18 of 26
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Almond

Sevres, France

Almond offers a full range of cybersecurity, cloud and infrastructure consulting, integration and managed services. Almond group was created through the merger of NetXP and MP Group. Almond was formed in 2019 and is based in Sevres, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Odin Group

Hengelo, Netherlands

Odin Group is an independent ICT service provider with a strong focus on managed services, cloud and data center solutions, security, and advisory services creating a solid foundation to deliver reliable and innovative solutions to clients. It offers a home for IT companies and talented professionals, whereby it offers the possibility to work from different locations throughout the Netherlands. Odin Group was founded in 1990 and is based in Hengelo, Netherlands.

Buy -

Seller(S) 1

SELLER

Seven2

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 4.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Seven2 is a private equity firm focused on investments in listed and unlisted small and midcap companies located in Continental Europe. The Firm targets growing businesses in the tech and telecom, consumer, and healthcare services sectors valued between €10 million and €1 billion. Seven2 generally has a five year investment horizon and considers minority and majority positions. Seven2 was established in 1972 and is headquartered in Paris, France.


DEAL STATS #
Overall 2 of 3
Sector (Communications) 2 of 2
Type (Secondary Buyout) 2 of 3
Country (France) 1 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Almond

Sevres, France

Almond offers a full range of cybersecurity, cloud and infrastructure consulting, integration and managed services. Almond group was created through the merger of NetXP and MP Group. Almond was formed in 2019 and is based in Sevres, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Odin Group

Hengelo, Netherlands

Odin Group is an independent ICT service provider with a strong focus on managed services, cloud and data center solutions, security, and advisory services creating a solid foundation to deliver reliable and innovative solutions to clients. It offers a home for IT companies and talented professionals, whereby it offers the possibility to work from different locations throughout the Netherlands. Odin Group was founded in 1990 and is based in Hengelo, Netherlands.

Buy -