M&A Deal Summary

Roper Technologies Acquires Deltek

On December 6, 2016, Roper Technologies acquired software company Deltek from Thoma Bravo and Quilvest Capital Partners for 2.8B USD

Acquisition Highlights
  • This is Roper Technologies’ 10th transaction in the Software sector.
  • This is Roper Technologies’ 3rd largest (disclosed) transaction.
  • This is Roper Technologies’ 25th transaction in the United States.
  • This is Roper Technologies’ 1st transaction in Virginia.

M&A Deal Summary

Date 2016-12-06
Target Deltek
Sector Software
Buyer(s) Roper Technologies
Sellers(s) Thoma Bravo
Quilvest Capital Partners
Deal Type Add-on Acquisition
Deal Value 2.8B USD

Target

Deltek

Herndon, Virginia, United States
Deltek's corporate headquarters in Herndon, Virginia.
Deltek's corporate headquarters in Herndon, Virginia.
Deltek, Inc. is a provider of enterprise applications software designed specifically for project-focused businesses. The Company's software applications enables organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. Deltek is based in Herndon, Virginia.

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Buyer(S) 1

Buyer

Roper Technologies

Sarasota, Florida, United States

Category Company
Founded 1981
Sector Information Technology
Employees16,800
Revenue 6.2B USD (2023)
DESCRIPTION

Roper Technologies is a diversified technology company. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide. Roper Technologies was founded in 1981 and is based in Sarasota, Florida.


DEAL STATS #
Overall 29 of 37
Sector (Software) 10 of 14
Type (Add-on Acquisition) 29 of 37
State (Virginia) 1 of 1
Country (United States) 25 of 32
Year (2016) 3 of 3
Size (of disclosed) 3 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 iSqFt

Cincinnati, Ohio, United States

iSqFt, Inc. (dba ConstructConnect) is a provider of cloud-based data, collaboration, and workflow automation solutions to the commercial construction industry.

Buy $632M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-21 PowerPlan

Atlanta, Georgia, United States

PowerPlan, Inc. is a provider of asset-centric accounting, tax, budgeting and analytics software solutions for asset-intensive businesses. PowerPlan was founded in 1994 and is based in Atlanta, Georgia.

Buy $1.1B

Seller(S) 2

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 30 of 79
Sector (Software) 14 of 33
Type (Add-on Acquisition) 15 of 36
State (Virginia) 2 of 3
Country (United States) 29 of 73
Year (2016) 3 of 4
Size (of disclosed) 5 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-29 T2 Systems

Indianapolis, Indiana, United States

T2 Systems is a provider of unified SaaS (Software as a Service) parking management solutions. T2 Systems's comprehensive portfolio of services includes solutions that help organizations manage parking permits, citations, gated parking facilities, and special events. T2 Systems was established in 1994 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 WellSky

Overland Park, Kansas, United States

WellSky is a supplier of software as a service (SaaS) and other software platforms for healthcare and human services providers and payers across acute, non-acute, and community-based sites of care. WellSky was founded in 1980 and is based in Overland Park, Kansas.

Sell -
SELLER

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.


DEAL STATS #
Overall 46 of 68
Sector (Software) 1 of 2
Type (Add-on Acquisition) 16 of 27
State (Virginia) 3 of 3
Country (United States) 21 of 34
Year (2016) 5 of 5
Size (of disclosed) 3 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-20 Appirio

San Francisco, California, United States

Appirio, Inc. is a global cloud services company that creates next generation worker and customer experiences. Appirio has worked with more than 300 enterprise customers including organizations like City of Los Angeles, Facebook, Flextronics, Home Depot, International Hotels Group, Japan Post Network, Ltd., L'Oreal, NetApp, NYU, Starbucks, Thomson Reuters and VMware. Appirio's technology-enabled professional services are supported by a team of 400 cloud experts and CloudSpokes, a 35,000+ person-strong global cloud developer community.

Sell $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Hill & Valley

Rock Island, Illinois, United States

Hill & Valley, Inc. is a baker of sugar free and no-sugar added pies, cookies, and cakes.

Sell -