M&A Deal Summary

Sesami Cash Management Technologies Acquires Tidel

On February 1, 2022, Sesami Cash Management Technologies acquired technology hardware company Tidel from Littlejohn

Acquisition Highlights
  • This is Sesami Cash Management Technologies’ 1st transaction in the Technology Hardware sector.
  • This is Sesami Cash Management Technologies’ 1st transaction in the United States.
  • This is Sesami Cash Management Technologies’ 1st transaction in Texas.

M&A Deal Summary
Date 2022-02-01
Target Tidel
Sector Technology Hardware
Buyer(s) Sesami Cash Management Technologies
Sellers(s) Littlejohn
Deal Type Add-on Acquisition
Advisor(s) Baird (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Tidel

Carrollton, Texas, United States
Tidel is a provider of cash management solutions that empower retail institutions across the globe to better manage their daily cash operations, reduce risk, and increase profits. Customers rely on Tidel to provide reliable solutions that help secure, optimize, and streamline their cash environment. Tidel is based in Carrollton, Texas.

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Buyer(S) 1

Buyer

Sesami Cash Management Technologies

Montreal, Quebec, Canada
Category Company
Sector Information Technology
DESCRIPTION

Sesami Cash Management Technologies is a global cash ecosystem integrator and financial technology company. Sesami Cash Management Technologies is based in Montreal, Quebec.

DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-26 ARCA

Mebane, North Carolina, United States

ARCA is a provider of cash automation technology services in bank branches, retail stores and self-service kiosks. ARCA was founded in 1998 and is based in Mebane, North Carolina.

Buy -

Seller(S) 1

SELLER

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 43 of 48
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 18 of 22
State (Texas) 5 of 6
Country (United States) 39 of 44
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Great Day Improvements

Macedonia, Ohio, United States

Great Day Improvements is a vertically integrated, direct-to-consumer provider of branded premium home improvement products, including Patio Enclosures brand sunrooms and screen rooms; Stanek brand windows and patio doors; Apex Energy Solutions energy-efficient windows and doors; Hartshorn Custom Contracting pool enclosures and lanais. Great Day Improvements was founded in 1966 and is based in Macedonia, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 The Hiller Companies

Mobile, Alabama, United States

The Hiller Companies offers fire protection and life safety products and services that are preserving lives and property all around the world. The Hiller Companies is headquartered in Mobile, Alabama.

Buy -
Mergr

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Company

Legal