M&A Deal Summary

Silver Lake and Battery Ventures Acquire LightBox

On January 1, 2018, private equity firms Silver Lake and Battery Ventures acquired information technology company LightBox

Acquisition Highlights
  • This is Silver Lake’s 14th and Battery Ventures’ 10th transaction in the Information Technology sector.
  • This is Silver Lake’s 70th and Battery Ventures’ 59th transaction in the United States.
  • This is Silver Lake’s 7th and Battery Ventures’ 4th transaction in New York.

M&A Deal Summary
Date 2018-01-01
Target LightBox
Sector Information Technology
Buyer(s) Silver Lake
Battery Ventures
Deal Type Consolidation

Target

LightBox

New York, New York, United States
LightBox is a provider of enterprise technology and information to real estate sector. With its Collateral360 SaaS platform and a broader suite of software and data products, LightBox enables clients across the real estate value chain to manage due diligence processes in areas such as lender underwriting, property appraisals, environmental reviews, compliance and risk management. LightBox was founded in 2018 and is based in New York City.

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Buyer(S) 2

Buyer

Silver Lake

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.

DEAL STATS #
Overall 92 of 135
Sector (Information Technology) 14 of 19
Type (Consolidation) 1 of 1
State (New York) 7 of 8
Country (United States) 70 of 95
Year (2018) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Vacasa

Portland, Oregon, United States

Vacasa is a vacation rental management company in North America and offers property management and other real estate services directly and through licensed subsidiaries. Vacasa was founded in 2009 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Imagine Learning

Tempe, Arizona, United States

Imagine Learning operates a platform of digital and SaaS educational solution businesses and makes control investments in high potential businesses in the education industry. Imagine Learning was formed in 2010 and is based in Tempe, Arizona.

Buy -
Buyer

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.

DEAL STATS #
Overall 73 of 116
Sector (Information Technology) 10 of 20
Type (Consolidation) 4 of 5
State (New York) 4 of 4
Country (United States) 59 of 77
Year (2018) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-09 Braze

New York, New York, United States

Braze is an intelligent customer relationship suite for mobile-first marketers. Their technology empowers brands to build better relationships with their customers through mobile and other digital marketing channels. Braze was formed in 2011 and is headquartered in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 PageUp

Melbourne, Australia

PageUp is a manufacturer of cloud based, enterprise talent management software. Its tools and services empower organizations to optimize their human resources investment processes, enhance workforce performance, and deliver a personalized experience to candidates and employees. PageUp was established in 1997 and is based in Melbourne, Australia.

Buy -
Mergr

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