M&A Deal Summary |
|
|---|---|
| Date | 2022-08-05 |
| Target | Avantus |
| Sector | Information Technology |
| Buyer(s) | QinetiQ |
| Sellers(s) | NewSpring Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 590M USD |
| Advisor(s) | Guggenheim Securities Baker Tilly Capital LLC (Financial) Kirkland & Ellis (Legal) |
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| Category | Company |
|---|---|
| Founded | 2001 |
| Sector | Life Science |
| Employees | 8,588 |
| Revenue | 1.9B GBP (2024) |
QinetiQ is a science and technology organization that deploys our scientific and technological knowledge, proven research capabilities and unique, purpose-built facilities to provide both services and products that meet the needs of a wide range of global customers. We operate primarily in the defence, security and critical national infrastructure markets. QinetiQ was founded in 2001 and is based in Farnborough, England.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 16 |
| Sector (Information Technology) | 5 of 5 |
| Type (Add-on Acquisition) | 14 of 14 |
| State (Virginia) | 5 of 5 |
| Country (United States) | 9 of 9 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 1 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-03 |
OptaSense
Hampshire, United Kingdom OptaSense Ltd. is a fiber optic distributed monitoring solutions for pipelines, oilfield services, security, highway monitoring and railway monitoring, and power and utilities monitoring systems. OptaSense is based in Hampshire, United Kingdom. |
Sell | £29M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-03 |
QinetiQ Space
Farnborough, United Kingdom QinetiQ Space delivering earth observation, platforms, mechanisms, and science instruments in the space sector. QinetiQ Space was founded in 1983 and is based in Farnborough, United Kingdom. |
Sell | €32M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 3.5B USD |
| Size | Large |
| Type | Sector Agnostic |
NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 80 of 84 |
| Sector (Information Technology) | 13 of 15 |
| Type (Add-on Acquisition) | 44 of 47 |
| State (Virginia) | 2 of 3 |
| Country (United States) | 79 of 83 |
| Year (2022) | 5 of 6 |
| Size (of disclosed) | 3 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-26 |
Cordial
San Diego, California, United States Cordial is a cross-channel marketing platform built to help marketers create unique and unified customer experiences across all channels. Using unlimited data and advanced messaging capabilities, Cordial helps brands communicate with customers in highly personalized ways across email, SMS, mobile app and more. Cordial is based in San Diego, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-06 |
Emtec
Jacksonville, Florida, United States Emtec provides information technology (IT) services and products to the federal, state, and local government, education, and commercial markets. It helps clients identify and prioritize areas for improvement and then implement the process, technology, and business application improvements that reduce costs, improve service and align the delivery of IT with the needs of their organizations. Emtec was founded in 1964 and is based in Jacksonville, Florida. |
Sell | - |
