M&A Deal Summary

Secure-24 Intermediate Holdings Acquires Symmetry

On June 26, 2019, Secure-24 Intermediate Holdings acquired software company Symmetry from Great Hill Partners

Acquisition Highlights
  • This is Secure-24 Intermediate Holdings’ 1st transaction in the Software sector.
  • This is Secure-24 Intermediate Holdings’ 1st transaction in the United States.
  • This is Secure-24 Intermediate Holdings’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2019-06-26
Target Symmetry
Sector Software
Buyer(s) Secure-24 Intermediate Holdings
Sellers(s) Great Hill Partners
Deal Type Add-on Acquisition

Target

Symmetry

Brookfield, Wisconsin, United States
Symmetry Corp. is a SAP® service provider, Symmetry manages complex SAP implementations on a global scale for industries like healthcare, financial services, retail, manufacturing, automotive and more. Symmetry Corp. was founded in 1996 and is based in Brookfield, Wisconsin.

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Buyer(S) 1

Buyer

Secure-24 Intermediate Holdings

Southfield, Michigan, United States

Category Company
Founded 2001
Sector Software
DESCRIPTION

Secure-24 Intermediate Holdings, Inc. is a provider of managed IT operations, hosting and cloud services, providing highly available environments and expert management and support for your business critical applications. Secure-24 Intermediate Holdings, Inc. was established in 2001 and is based in Southfield, Michigan.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 44 of 64
Sector: Software M&A 2 of 5
Type: Add-on Acquisition M&A Deals 31 of 40
State: Wisconsin M&A 1 of 1
Country: United States M&A 38 of 54
Year: 2019 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-26 EnterpriseDB

Bedford, Massachusetts, United States

EnterpriseDB is a provider of Postgres software and services that enable enterprises to reduce their reliance on costly proprietary solutions and slash their database spend by 90% or more. With powerful performance and security enhancements for PostgreSQL, sophisticated management tools for global deployments and database compatibility for Oracle, EnterpriseDB software supports both mission and non-mission critical enterprise applications. EnterpriseDB was founded in 2004 and is based in Bedford, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 RealReal

San Francisco, California, United States

RealReal is an online marketplace for authenticated, consigned luxury goods. The Company provides an end-to-end service that unlocks supply from consignors and creates a trusted, curated online marketplace for buyers globally. RealReal aggregates and curates unique, pre-owned luxury supply that is exclusive to RealReal across multiple categories, including women’s, men’s, kids’, jewelry and watches, and home and art. RealReal was established in 2011 and is based in San Francisco, California.

Sell -