M&A Deal Summary |
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Date | 2021-10-04 |
Target | Tenstreet |
Sector | Software |
Buyer(s) | Providence Equity Partners |
Sellers(s) | Spectrum Equity |
Deal Type | Secondary Buyout |
Advisor(s) | Daiwa Corporate Advisory Ltd. (DC Advisory) (Financial) Choate Hall & Stewart (Legal) |
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Category | Private Equity Firm |
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Founded | 1989 |
PE ASSETS | 36.0B USD |
Size | Mega |
Type | Sector Agnostic |
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 | 124 of 135 |
Sector (Software) | 14 of 15 |
Type (Secondary Buyout) | 31 of 38 |
State (Oklahoma) | 1 of 1 |
Country (United States) | 79 of 85 |
Year (2021) | 5 of 6 |
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 | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-10-22 |
Seesaw
San Francisco, California, United States Seesaw is a platform for meaningful student engagement that helps children demonstrate and share their learning. It helps teachers in getting a clear understanding of a student’s strengths and areas for growth and can tailor instruction to accelerate learning. Seesaw was formed in 2015 and is based in San Francisco, California. |
Buy | - |
Category | Private Equity Firm |
---|---|
Founded | 1994 |
PE ASSETS | 8.2B USD |
Size | Mega |
Type | Sector Focused |
Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.
DEAL STATS | # |
---|---|
Overall | 64 of 76 |
Sector (Software) | 11 of 12 |
Type (Secondary Buyout) | 6 of 10 |
State (Oklahoma) | 1 of 1 |
Country (United States) | 58 of 67 |
Year (2021) | 5 of 6 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-09-15 |
Definitive Healthcare
Framingham, Massachusetts, United States Definitive Healthcare is a provider of data and intelligence on hospitals, physicians, and other healthcare providers. Definitive Healthcare was founded in 2011 and is based in Framingham, Massachusetts. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-11-09 |
Zenwork
Fayetteville, Arkansas, United States Zenwork is a cloud-based provider of digital tax compliance and regulatory reporting software for businesses. Zenwork helps businesses everywhere manage compliance at a time when changing state and federal mandates and a surge in the gig economy workforce have created new, complex tax reporting burdens. The company offers its customers modern, cost-effective solutions that transform resource-intensive, manual processes into highly automated, digital experiences. Zenwork was founded in 2011 and is based in Fayetteville, Arkansas. |
Buy | - |