M&A Deal Summary

PTC Acquires Servigistics

On October 2, 2012, PTC acquired software company Servigistics from Marlin Equity Partners for 220M USD

Acquisition Highlights
  • This is PTC’s 12th transaction in the Software sector.
  • This is PTC’s 5th largest (disclosed) transaction.
  • This is PTC’s 11th transaction in the United States.
  • This is PTC’s 1st transaction in Georgia.

M&A Deal Summary
Date 2012-10-02
Target Servigistics
Sector Software
Buyer(s) PTC
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition
Deal Value 220M USD
Advisor(s) Blackstone Advisory Partners (Financial)

Target

Servigistics

Atlanta, Georgia, United States
Servigistics, Inc. is an enterprise software solution provider for Service Lifecycle Management (SLM). Servigistics provides software solutions that enable companies to plan, manage and monitor their post-sale service business processes including service parts, field technician scheduling and routing, service knowledge and pricing management.

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Buyer(S) 1

Buyer

PTC

Boston, Massachusetts, United States
Category Company
Founded 1985
Sector Software
Employees6,268
Revenue 2.1B USD (2023)
DESCRIPTION

PTC is a U.S.-based computer software company specializing in 2D & 3D design software, product lifecycle management, and service management solutions. PTC was founded in 1985 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 15 of 28
Sector (Software) 12 of 19
Type (Add-on Acquisition) 15 of 26
State (Georgia) 1 of 1
Country (United States) 11 of 22
Year (2012) 1 of 1
Size (of disclosed) 5 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-02 4CS

East Moline, Illinois, United States

4CS, Inc. is a warranty management and services lifestyle software business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 Enigma

Burlington, Massachusetts, United States

Enigma, Inc. is a developer of software that aggregates and delivers technical content in aftermarket service environments.

Buy $10M

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.

DEAL STATS #
Overall 5 of 63
Sector (Software) 5 of 25
Type (Add-on Acquisition) 5 of 42
State (Georgia) 1 of 2
Country (United States) 4 of 46
Year (2012) 2 of 5
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 ATC

Oklahoma City, Oklahoma, United States

ATC is a re-manufacturer of transmissions, engines, advanced battery packs, and related components for light, medium- and heavy-duty vehicles. ATC Drivetrain’s services include process and salvage engineering, warranty root cause analysis and testing, machining for repair and salvage of components, and recycling of n on-reclaimable material. ATC was founded in 1994 and is based in Oklahoma City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-06 Financial Consulting & Trading International

Los Angeles, California, United States

Financial Consulting & Trading International (FCTI) is one of the major independent owners of ATMs in the U.S. With extensive nationwide operations, FCTI caters to enterprise-level customers in banking, hospitality, entertainment, trucking and retail.

Sell -
Mergr

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