M&A Deal Summary

Silver Lake Acquires Zuora

On March 2, 2022, private equity firm Silver Lake acquired internet software and services company Zuora for 1.7B USD

Acquisition Highlights
  • This is Silver Lake’s 19th transaction in the Internet Software and Services sector.
  • This is Silver Lake’s 20th largest (disclosed) transaction.
  • This is Silver Lake’s 89th transaction in the United States.
  • This is Silver Lake’s 36th transaction in California.

M&A Deal Summary

Date 2022-03-02
Target Zuora
Sector Internet Software and Services
Buyer(s) Silver Lake
Deal Type Going Private
Deal Value 1.7B USD
Advisor(s) Foros Group LLC (Financial)
Goodwin Procter
Freshfields Bruckhaus Deringer
Fenwick & West (Legal)

Target

Zuora

Redwood City, California, United States
Entrance to Zuora headquarters in Foster City, California.
Entrance to Zuora headquarters in Foster City, California.
Zuora is a global SaaS platform powering subscription-based business models. Zuora's applications are designed to automate billing, commerce, and finance operations for companies providing subscription-based services. Zuora was founded in 2006 and is based in Redwood City, California.

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Buyer(S) 1

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 128 of 135
Sector (Internet Software and Services) 19 of 21
Type (Going Private) 15 of 17
State (California) 36 of 37
Country (United States) 89 of 95
Year (2022) 2 of 6
Size (of disclosed) 20 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 Alchemy

San Francisco, California, United States

Alchemy is a Web3 development platform enabling users to build and operate decentralized applications on blockchains with reliability, data accuracy, speed, and scalability. Alchemy is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Entrata

Lehi, Utah, United States

Entrata provides property management software with a single-login, open-access platform as a service (PaaS) system. Offering a wide variety of online tools including websites, mobile apps, payments, lease signing, accounting, and resident management. Entrata was founded in 2003 and is based in Lehi, Utah.

Buy -