M&A Deal Summary

Saba Software Acquires Lumesse

On October 1, 2018, Saba Software acquired internet software and services company Lumesse from HgCapital

Acquisition Highlights
  • This is Saba Software’s 2nd transaction in the Internet Software and Services sector.
  • This is Saba Software’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2018-10-01
Target Lumesse
Sector Internet Software and Services
Buyer(s) Saba Software
Sellers(s) HgCapital
Deal Type Add-on Acquisition

Target

Lumesse

Bedfordshire, United Kingdom
Lumesse Ltd. is a provider of strategic HR software (e-recruiting and talent management) to 1,700 medium and large enterprises in Europe, the US and Asia-Pacific, operating in 17 countries. Lumesse Ltd. was founded in 1999 and is based in Bedfordshire, United Kingdom.

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Buyer(S) 1

Buyer

Saba Software

Redwood Shores, California, United States
Category Company
Founded 1997
Sector Internet Software and Services
Employees735
Revenue 116M USD (2011)
DESCRIPTION

Saba Software is a cloud-based intelligent talent management solution used by organizations worldwide to hire, develop, engage and inspire their people. Saba Software was founded in 1997 and is based in Redwood Shores, California.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 4 of 4
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-23 Halogen Software

Ottawa, Ontario, Canada

Halogen Software, Inc. is a provider of cloud-based employee performance and talent management software.

Buy -

Seller(S) 1

SELLER

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.

DEAL STATS #
Overall 67 of 93
Sector (Internet Software and Services) 9 of 16
Type (Add-on Acquisition) 35 of 45
Country (United Kingdom) 37 of 47
Year (2018) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 BrightPay

Duleek, Ireland

BrightPay provides easy-to-use and cutting-edge software solutions to enable SMEs to manage payroll, supported by excellent customer service. BrightPay is based in Duleek, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 Atlas Knowledge

Aberdeen, United Kingdom

Atlas Knowledge Ltd. is a global business providing health, safety and environmental and other regulatory and technical compliance services to the global energy sector.

Sell -
Mergr

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