Investment Summary |
|
|---|---|
| Date | 2020-04-21 |
| Target | Jio |
| Sector | Communications |
| Investor(s) |
Silver Lake
Vista Equity Partners General Atlantic KKR ADIA TPG L Catterton Partners Mubadala Capital Intel Qualcomm |
| Deal Type | Stake Purchase |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 104.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 137 |
| Sector: Communications M&A | 4 of 4 |
| Type: Stake Purchase M&A Deals | 9 of 17 |
| Country: India M&A | 2 of 3 |
| Year: 2020 M&A | 2 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-02 |
Waymo
Mountain View, California, United States Waymo is a developer of autonomous vehicle technology. Waymo was founded in 2009 and is based in Mountain View, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-23 |
Expedia
Seattle, Washington, United States 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. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 100.0B USD |
| Size | Mega |
| Type | Sector Focused |
Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 117 of 155 |
| Sector: Communications M&A | 2 of 2 |
| Type: Stake Purchase M&A Deals | 5 of 5 |
| Country: India M&A | 1 of 1 |
| Year: 2020 M&A | 4 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-05 |
Gather Technologies
Atlanta, Georgia, United States Gather Technologies, Inc. is a provider of event management software for restaurants and venues. Gather is re-imagining the way private events are planned, managed and executed, empowering thousands of restaurants and venues across the U.S. to successfully grow their events business. The cloud-based platform helps teams streamline their event sales and management workflow, from initial inquiry through day-of execution, simplifying event planning for mid-market venues and their customers. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-14 |
Jamf
Minneapolis, Minnesota, United States Jamf provides enterprise device management and security software designed for Apple ecosystems. The Company’s cloud-based platform enables organizations to deploy, manage, and protect Apple devices across education, business, and government environments. Jamf was founded in 2002 and is headquartered in Minneapolis, Minnesota. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 105.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 245 of 364 |
| Sector: Communications M&A | 1 of 1 |
| Type: Stake Purchase M&A Deals | 33 of 42 |
| Country: India M&A | 21 of 25 |
| Year: 2020 M&A | 10 of 29 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-09 |
Ding dong
Shanghai, China Ding Dong is a Chinese fresh food e-commerce platform. Ding dong was founded in 2017 and is based in Shanghai, China. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-28 |
o9 Solutions
Dallas, Texas, United States o9 Solutions offers an AI-powered planning, analytics & data platform called the Digital Brain that helps companies across industry verticals transform traditionally slow and siloed planning into smart, integrated, and intelligent planning and decision making across core supply chain, commercial, and P&L functions. o9 Solutions was founded in 2009 and is based in Dallas, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 267.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 338 of 503 |
| Sector: Communications M&A | 12 of 21 |
| Type: Stake Purchase M&A Deals | 43 of 66 |
| Country: India M&A | 18 of 29 |
| Year: 2020 M&A | 9 of 39 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-21 |
US Foods
Rosemont, Illinois, United States US Foods is a food distributor to restaurants, healthcare and hospitality facilities, government operations and educational institutions. The Company offers more than 350,000 national brand products and our own high-quality private label items ranging from meats to produce to frozen foods. US Foods was founded in 2007 and is based in Rosemont, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-27 |
Shapoorji Pallonji Infrastructure Capital - 317MWp Solar Energy Assets
Mumbai, United States Shapoorji Pallonji Infrastructure Capital's 317MWp Solar Energy Assets is an infrastructure developer which comprises of assets with a capacity of 169MWp in Maharashtra and assets with a capacity of 148 MWp in Tamil Nadu. |
Buy | Rs15.5B |
| Category | Sovereign Wealth Fund |
|---|---|
| Founded | 1976 |
| PE ASSETS | 875.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund that invests the Emirate of Abu Dhabi’s surplus revenues for long-term global value creation. Its investment mandate spans a highly diversified portfolio—including equities, fixed income, private equity, real estate, infrastructure, and financial alternatives—across all major regions worldwide. ADIA was established in 1976 and is headquartered in Abu Dhabi, United Arab Emirates.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 17 |
| Sector: Communications M&A | 1 of 1 |
| Type: Stake Purchase M&A Deals | 2 of 4 |
| Country: India M&A | 2 of 2 |
| Year: 2020 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-16 |
Galderma
Zug, Switzerland Galderma is a global skincare company offering medical and consumer skin health solutions through three business units; aesthetics and prescription and consumer health. Galderma was founded in 1981 and is based in Zug, Switzerland. |
Buy | Fr.10.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-25 |
Alight Solutions
Chicago, Illinois, United States Alight Solutions is a provider of outsourced benefits administration and human capital technology. The Company helps drive better health and financial outcomes for employers, employees and plan participants by leveraging proprietary technology, deep domain expertise and global delivery capabilities. Alight Solutions is based in Chicago, Illinois. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 296.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 374 of 453 |
| Sector: Communications M&A | 16 of 16 |
| Type: Stake Purchase M&A Deals | 34 of 37 |
| Country: India M&A | 25 of 27 |
| Year: 2020 M&A | 11 of 18 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-17 |
STX Entertainment
Burbank, California, United States STX Entertainment is a fully integrated, diversified, global media company designed from inception to unlock value from the 21st century’s changing media landscape. STX specializes in the development, production, marketing, and distribution of talent-driven films, television, and digital media content, with a unique ability to maximize the impact of content across worldwide, multiplatform distribution channels, including unparalleled global capabilities and direct passage into the China market. STX Entertainment was founded in 2014 and is based in Burbank, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-27 |
Cirque du Soleil
Montreal, Quebec, Canada Cirque du Soleil is a creative content provider of live artistic entertainment. In addition to shows, the company, which has its International Headquarters in Montréal, extends its creative talent to other spheres of activity. Cirque du Soleil was formed in 1984 and is based in Montreal, Quebec. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 37.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 168 of 223 |
| Sector: Communications M&A | 1 of 1 |
| Type: Stake Purchase M&A Deals | 11 of 13 |
| Country: India M&A | 4 of 4 |
| Year: 2020 M&A | 5 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-02 |
ETVOS
Osaka, Japan ETVOS has introduced a wide range of natural skincare, makeup, and haircare products, including mineral-based makeup that does not require a post-application cleansing, as well as ceramide-based skincare products, whose efficacy is backed by research. The company directly operates several stores with in-store beauty advisors across four major Japanese cities, as well as offering its products through multi-branded stores and online channels. ETVOS was founded in 2007 and is based in Osaka, Japan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-10 |
Vroom
Fort Worth, Texas, United States Vroom is an online car store in the US that helps customers save time, hassle and money by bringing all three aspects of the car buying process – buying, financing and selling – online in an easy, transparent and affordable way. Vroom offers thousands of high quality, refurbished, pre-owned vehicles with free delivery to customers’ doors across the US. Vroom was founded in 2012 and is based in New York, New York. |
Sell | - |
| Category | Sovereign Wealth Fund |
|---|---|
| Founded | 2002 |
| PE ASSETS | 276.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Mubadala Capital is a private equity firm focused on investing capital across a range of assets worldwide. The Firm primarily invests in private and public assets, but also considers credit, real estate, and alternatives. Mubadala invests in a variety of sectors including industrials, healthcare, energy, renewables, financial services, infrastructure, and business services. Mubadala Capital was founded in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 46 |
| Sector: Communications M&A | 2 of 3 |
| Type: Stake Purchase M&A Deals | 1 of 10 |
| Country: India M&A | 1 of 2 |
| Year: 2020 M&A | 2 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-02 |
Waymo
Mountain View, California, United States Waymo is a developer of autonomous vehicle technology. Waymo was founded in 2009 and is based in Mountain View, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-22 |
Enviva
Bethesda, Maryland, United States Enviva focuses on the acquisition, development, and operation of facilities that collect, process, and transform wood-based biomass into renewable energy feedstock, primarily wood pellets. Enviva was founded in 2013 and is based in Bethesda, Maryland. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2004 |
| Sector | Internet Software and Services |
| Employees | 74,067 |
| Revenue | 164.5B USD (2024) |
Facebook is a social utility company that helps people communicate more efficiently with their friends, family, and coworkers. Facebook develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Facebook was founded in 2004 and is based in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 76 of 89 |
| Sector: Communications M&A | 1 of 1 |
| Type: Stake Purchase M&A Deals | 2 of 3 |
| Country: India M&A | 2 of 2 |
| Year: 2020 M&A | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-25 |
Sanzaru Games
Foster City, California, United States Sanzaru Games is a digital game studio that produces rich, immersive, and original VR game content. The Company has created four titles for the Oculus platform since 2016, when they were the first developer to partner with the Oculus Studios team (Ripcoil, VR Sports Challenge, MARVEL Powers United VR, Asgard’s Wrath). |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-15 |
GIPHY
New York, New York, United States GIPHY is a search engine that allows users to search, share and discover animated graphics on the internet. The content on GIPHY's website, app, and API includes the most popular GIFs on the web, along with content created by talented GIF artists and world-class brands. GIPHY was founded in 2013 and is based in New York City. |
Buy | $400M |
| Category | Company |
|---|---|
| Founded | 1968 |
| Sector | Semiconductors |
| Employees | 108,900 |
| Revenue | 53.1B USD (2024) |
Intel is a multinational semiconductor chip maker. The Company's products are incorporated into desktop computers, wearables, servers, tablets, smartphones, and other devices. Intel was formed in 1968 and is based in Santa Clara, California.
| DEAL STATS | # |
|---|---|
| Overall | 90 of 97 |
| Sector: Communications M&A | 2 of 2 |
| Type: Stake Purchase M&A Deals | 4 of 4 |
| Country: India M&A | 2 of 2 |
| Year: 2020 M&A | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-06 |
Intel - Home Gateway Platform Division
Santa Clara, California, United States Intel's Home Gateway Platform Division comprises Wi-Fi Access Points, Ethernet and Home Gateway SoC products deployed across operator and retail markets. |
Sell | $150M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-04 |
Moovit
Tel Aviv, Israel Moovit is a Mobility-as-a-Service (MaaS) platform company best known for its mobile application that provides public transit and navigation data to simplify urban mobility in 3,100 cities around the world. |
Buy | $900M |
| Category | Company |
|---|---|
| Founded | 1985 |
| Sector | Semiconductors |
| Employees | 49,000 |
| Revenue | 39.0B USD (2024) |
Qualcomm develops and commercializes communication technologies. Qualcomm develops a digital communication technology called CDMA (Code Division Multiple Access) and owns significant intellectual property applicable to products that implement any version of CDMA. Qualcomm develops OFDMA (Orthogonal Frequency Division Multiple Access) technology for which the Company owns intellectual property. Qualcomm also develops and commercializes technologies used in handsets and tablets. In addition to licensing portions of its intellectual property portfolio, Qualcomm produces integrated circuits (also known as chips or chipsets) and system software used in mobile devices and in wireless networks. Qualcomm was formed in 1985 and is based in San Diego, California.
| DEAL STATS | # |
|---|---|
| Overall | 33 of 41 |
| Sector: Communications M&A | 2 of 2 |
| Type: Stake Purchase M&A Deals | 1 of 1 |
| Country: India M&A | 1 of 1 |
| Year: 2020 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-11 |
Capsule Technologies
Andover, Massachusetts, United States Capsule Technologies, Inc. is a provider of medical device connectivity solutions for hospitals. Capsule integrates with clinical information systems to capture more data, reduce manual efforts and cost, and improve patient care. Capsule Technologies, Inc. was founded in 1997 and is based in Andover, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-13 |
NUVIA
Santa Clara, California, United States NUVIA reimagines silicon design for high-performance computing environments. The company is focused on building products that blend the best attributes of compute performance, power-efficiency and scalability. NUVIA comprises a proven world-class CPU and technology design team, with expertise in high performance processors, Systems on a Chip (SoC) and power management for compute-intensive devices and applications. |
Buy | $1.4B |
| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Internet Software and Services |
| Employees | 190,234 |
| Revenue | 350.0B USD (2024) |
Google is a global provider of search and advertising services. In addition to its search engine, Google offers online tools and platforms including: Gmail, Google Apps, Google Maps, and YouTube. Google was incorporated in 1998 and is based in Mountain View, California.
| DEAL STATS | # |
|---|---|
| Overall | 217 of 227 |
| Sector: Communications M&A | 3 of 4 |
| Type: Stake Purchase M&A Deals | 1 of 1 |
| Country: India M&A | 4 of 4 |
| Year: 2020 M&A | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-14 |
Pointy
Dublin, Ireland Pointy helps local retailers bring their product inventory online. With Pointy, merchants simply plug a small box into their barcode scanner or install the Pointy app on their point of sale system, which surfaces the products that they sell directly into the “See what’s in store” section of their business profile on Google Search. |
Buy | $163M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-02 |
ActiFio
Waltham, Massachusetts, United States Actifio is a backup and disaster recovery (DR) company offering customers the opportunity to protect virtual copies of data in their native format, manage these copies throughout their entire lifecycle, and use these copies for scenarios like development and test. Actifio was formed in 2009 and is based in Waltham, Massachusetts. |
Buy | - |