Investment Summary

Silver Lake and Apollo Global Management Invest In Expedia

On April 23, 2020, private equity firm Silver Lake and asset manager Apollo Global Management invested in internet software and services company Expedia

Investment Highlights
  • This is Silver Lake’s 15th and Apollo Global Management’s 3rd transaction in the Internet Software and Services sector.
  • This is Silver Lake’s 78th and Apollo Global Management’s 69th transaction in the United States.
  • This is Silver Lake’s 1st and Apollo Global Management’s 2nd transaction in Washington.

Investment Summary

Date 2020-04-23
Target Expedia
Sector Internet Software and Services
Investor(s) Silver Lake
Apollo Global Management
Deal Type Stake Purchase

Target

Expedia

Seattle, Washington, United States
Expedia's corporate headquarters in Bellevue, Washington.
Expedia's corporate headquarters in Bellevue, Washington.
Expedia is an online travel company that provides business and leisure travelers with technology, tools and information to research, plan, book and experience travel. Expedia was founded in 1996 and is based in Seattle, Washington.

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Investor(S) 2

Investor

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 107 of 136
Sector: Internet Software and Services M&A 15 of 21
Type: Stake Purchase M&A Deals 10 of 17
State: Washington M&A 1 of 1
Country: United States M&A 78 of 96
Year: 2020 M&A 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-21 Jio

Navi Mumbai, India

Jio is a next-generation technology platform focused on providing affordable digital services across India. Jio was formed in 2019 and is based in Navi Mumbai, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-08 Silae

Aix-en-Provence, France

Silae is a specialist provider of fully cloud-based Payroll and HR software, offering a range of SaaS solutions and cloud services to simplify and automate complex processes. Silae’s proprietary and highly automated core software platform Silaexpert provides unique scalability to its partner network, enabling substantial efficiency increases along the HR process chain and attracting a rapidly growing number of customers and partners. Silae was founded in 2010 and is based in Aix-en-Provence, France.

Buy -
Investor

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 96 of 151
Sector: Internet Software and Services M&A 3 of 4
Type: Stake Purchase M&A Deals 6 of 11
State: Washington M&A 2 of 2
Country: United States M&A 69 of 108
Year: 2020 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-06 Smart Foodservice Warehouse Stores

Clackamas, Oregon, United States

Smart Foodservice Warehouse Stores LLC sells quality ingredients and restaurant supplies in a simple, convenient warehouse format by providing it's customers exceptional service and a dependable source of supply.

Sell $970M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-29 Celeros Flow Technology

Charlotte, North Carolina, United States

Celeros Flow Technology is a manufacturer of industrial parts and components for diverse end markets such as: conventional, renewable and nuclear power, oil and gas (both onshore and offshore), petrochemical processing and water treatment; as well as those building and operating marine vessels for commercial and defense applications. Celeros Flow Technology is based in Charlotte, North Carolina.

Buy -