M&A Deal Summary

Retalix Acquires TCI Solutions

On April 1, 2005, Retalix acquired software company TCI Solutions from Argentum Capital Partners and First Analysis for 34M USD

Acquisition Highlights
  • This is Retalix’s 1st transaction in the Software sector.
  • This is Retalix’s largest (disclosed) transaction.
  • This is Retalix’s 1st transaction in the United States.
  • This is Retalix’s 1st transaction in California.

M&A Deal Summary

Date 2005-04-01
Target TCI Solutions
Sector Software
Buyer(s) Retalix
Sellers(s) Argentum Capital Partners
First Analysis
Deal Type Add-on Acquisition
Deal Value 34M USD

Target

TCI Solutions

Irvine, California, United States
TCI Solutions provides software solutions and services that enable in-store automation of inventory tracking, accounting, and other functions to help retailers improve operational efficiency. TCI's software solutions were installed at more than 14,000 locations world-wide. They integrate workforce, financial, and customer information at both the headquarter and individual store levels.

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Buyer(S) 1

Buyer

Retalix

Ra'anana, Israel

Category Company
Founded 1982
Sector Software
Employees1,573
Revenue 236M USD (2011)
DESCRIPTION

Retalix is a provider of software solutions and services for high volume, high complexity Fast Moving Consumer Goods retailers and distributors including supermarkets, groceries, convenience, fuel, health and drug, and department stores.


DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 2
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-05 Cornell Mayo Associates

Parsippany, New Jersey, United States

Cornell Mayo Associates is a U.S. based provider of store systems serving top tier department stores and large specialty retailers.

Buy -

Seller(S) 2

SELLER

Argentum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argentum Capital Partners is a private equity firm focused on investing in small to mid-sized companies with proven business models and the ability to become market leaders. Prospective transaction situations include growth capital financing, management buyouts, platform acquisitions, and recapitalization. The firm typically takes minority positions, except in the case of management buyouts. Industry sectors of interest include business services, healthcare, and technology. Argentum generally prefers opportunities located in the Eastern US, but will consider companies across the US. Argentum Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 12 of 44
Sector (Software) 1 of 8
Type (Add-on Acquisition) 10 of 31
State (California) 2 of 6
Country (United States) 12 of 42
Year (2005) 1 of 2
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-19 Trustwave

Chicago, Illinois, United States

Trustwave is a cybersecurity company that reduces cyber risk and fortifies organizations against disruptive and damaging cyber threats. The company's comprehensive offensive and defensive cybersecurity portfolio detects what others cannot, responds with greater speed and effectiveness, optimizes its client’s cyber investment, and improves security resilience. It is an analyst-recognized leader in managed detection and response (MDR), managed security services (MSS), cyber advisory, penetration testing, database security, and email security. Trustwave was formed in 1995 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-01 Micro Focus

Newbury, United Kingdom

Micro Focus is a provider of innovative software that allows companies to dramatically improve the business value of their enterprise applications. Micro Focus Enterprise Application Modernization, Testing and Management software enables customers’ business applications to respond rapidly to market changes and embrace modern architectures with reduced cost and risk. Micro Focus was founded in 1976 and is based in Newbury, the United Kingdom.

Sell -
SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 26 of 71
Sector (Software) 3 of 11
Type (Add-on Acquisition) 21 of 51
State (California) 8 of 12
Country (United States) 26 of 70
Year (2005) 3 of 7
Size (of disclosed) 18 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Magnify Holdings

Albany, New York, United States

Magnify developed advanced data mining software targeted at the financial services and insurance industries. The company's offerings included applications addressing fraud and bankruptcy in the credit card market and loss reduction in the insurance industry. Magnify's Pattern software excelled at identifying subtle relationships contained in data and at automatically producing run-time models that enabled companies to take relevant actions to improve profitability.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-07 Concord Communications

Marlborough, Massachusetts, United States

Concord Communications is a global provider of Business Service Management (BSM) software that reduces IT downtime, improves capacity planning, and optimizes service level management -- thereby enabling customers to increase revenue and productivity. Built on more than 100 technology patents, Concord's family of world-class solutions addresses the needs of enterprise customers across 17 vertical markets, managed service providers, and both wireless and wireline telecommunications carriers. These solutions enable organizations of all sizes to map IT services to business needs, measure the actual end-user experience, and manage voice or data applications, systems, and networks.

Sell $330M