M&A Deal Summary

Siris Capital Group and Evergreen Coast Capital Acquire Travelport

On December 10, 2018, private equity firms Siris Capital Group and Evergreen Coast Capital acquired information technology company Travelport for 4.4B USD

Acquisition Highlights
  • This is Siris Capital Group’s 5th and Evergreen Coast Capital’s 1st transaction in the Information Technology sector.
  • This is Siris Capital Group’s and Evergreen Coast Capital’s 4th largest (disclosed) transaction.
  • This is Siris Capital Group’s 1st and Evergreen Coast Capital’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2018-12-10
Target Travelport
Sector Information Technology
Buyer(s) Siris Capital Group
Evergreen Coast Capital
Deal Type Going Private
Deal Value 4.4B USD
Advisor(s) Morgan Stanley
UBS Investment Bank (Financial)
Kirkland & Ellis (Legal)

Target

Travelport

Langley, United Kingdom
Travelport is a developer of a travel commerce platform to provide distribution, technology, payment and other solutions for the global travel and tourism industry. The company facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace. Travelport was founded in 2006 and is based in Langley, United Kingdom.

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Buyer(S) 2

Buyer

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Siris Capital Group is a private equity firm focused on control investments in technology, telecommunications, and healthcare companies. Siris looks to acquire large companies valued from $250 million to $2 billion. The Firm was spun out of hedge fund SAC Capital Advisors in 2011. Siris Capital Group is based in New York City.


DEAL STATS #
Overall 14 of 20
Sector (Information Technology) 5 of 6
Type (Going Private) 8 of 10
Country (United Kingdom) 1 of 2
Year (2018) 3 of 3
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 IntraLinks Holdings

New York City, New York, United States

IntraLinks Holdings, Inc. is a global content collaboration company that provides cloud-based solutions to control the sharing, distribution and management of high value content within and across organizations according to the highest-level of security and the most stringent compliance regulations. Over 90,000 clients, 99% of the Fortune 1000 companies, have depended on Intralinks to digitally transform and simplify critical business processes, and secure high-value information. With a 20-year track record of enabling high-stakes transactions and business collaborations valued at more than $31.3 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration technology.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 EFI

Londonderry, New Hampshire, United States

EFI is a provider of digital printing solutions. EFI's products include industrial super-wide and wide format, label and packaging, textile, and ceramic tile decoration digital inkjet printers. EFI's products are designed to automate print and business processes, streamline workflow, provide value-added services, and produce accurate digital output. EFI was formed in 1989 and is based in Londonderry, New Hampshire.

Buy $1.7B
DESCRIPTION

Evergreen Coast Capital is a private equity firm that invests in a variety of industries and situations throughout the US. Evergreen Coast Capital is headquartered in Menlo Park, California.


DEAL STATS #
Overall 3 of 6
Sector (Information Technology) 1 of 1
Type (Going Private) 2 of 4
Country (United Kingdom) 1 of 1
Year (2018) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 athenahealth

Boston, Massachusetts, United States

athenahealth is a provider of Internet-based business services for physician practices. The Company's service offerings are based on proprietary web-native practice management and electronic health record (EHR) software, a continuously updated payer knowledge-base, integrated back-office service operations, and live patient communications services. athenahealth was founded in 1997 and is based in Boston, Massachusetts.

Buy $5.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 DreamBox Learning

Bellevue, Washington, United States

DreamBox Learning provides a deeply personalized learning experience that guides and engages students at all levels with a combination of a rigorous K-8 math curriculum and a motivating learning environment that work seamlessly with pioneering Intelligent Adaptive technology. DreamBox Learning was founded in 2006 and is based in Bellevue, Washington.

Buy -