M&A Deal Summary

Siguler Guff & Company Acquires Solvd

On September 28, 2022, asset manager Siguler Guff & Company acquired information technology company Solvd

Acquisition Highlights
  • This is Siguler Guff & Company’s 1st transaction in the Information Technology sector.
  • This is Siguler Guff & Company’s 5th transaction in the United States.
  • This is Siguler Guff & Company’s 2nd transaction in California.

M&A Deal Summary
Date 2022-09-28
Target Solvd
Sector Information Technology
Buyer(s) Siguler Guff & Company
Deal Type Buyout (LBO, MBO, MBI)

Target

Solvd

Roseville, California, United States
Solvd is a global technology consultancy and software engineering company that has built a core competency in software QA and test automation consulting and its solutions have broadened to include custom app development, DevOps, and AR/VR development among other solutions which the Company has developed to meet their client's growing needs. Solvd was founded in 2011 and is based in Roseville, Carlifornia.

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Buyer(S) 1

Buyer

Siguler Guff & Company

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1991
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Siguler Guff & Company is a multi-strategy investment manager that provides institutional clients with access to a variety of investment programs including distressed, real estate, small business, emerging markets, and other strategies. Siguler's small business group looks to acquire or investment in US-based, lower middle-market companies in a variety of industries with $5 to $25 million of EBITDA. Siguler Guff & Company was established in 1991 as a unit of Pain Webber and became independent in 1995. The Firm is based in New York City.

DEAL STATS #
Overall 5 of 7
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (California) 2 of 2
Country (United States) 5 of 7
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 Handi Quilter

North Salt Lake, Utah, United States

Handi Quilter develops and manufactures branded and OEM quilting machines, frames, tables, computerized quilting systems, and quilting accessories. The company's products are primarily used in the home by dedicated quilting enthusiasts as well as by quilters with home-based businesses. Handi Quilter was founded in 1998 and is based in North Salt Lake, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 Envana

Houston, Texas, United States

Envana provides critical emissions management software-as-a-service (SaaS) solutions to track greenhouse gas emissions in the oil and gas industry and beyond. Envana is based in Houston, Texas.

Buy -
Mergr

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