Investment Summary |
|
|---|---|
| Date | 2019-10-08 |
| Target | Solifi |
| Sector | Internet Software and Services |
| Investor(s) |
Thoma Bravo
Five Arrows |
| Sellers(s) | Somers Investment Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | BofA Securities (Financial) Wilson Sonsini Goodrich & Rosati (Legal) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 85 of 151 |
| Sector: Internet Software and Services M&A | 10 of 28 |
| Type: Secondary Buyout M&A Deals | 24 of 36 |
| State: Minnesota M&A | 3 of 5 |
| Country: United States M&A | 79 of 132 |
| Year: 2019 M&A | 9 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-08 |
iPipeline
Exton, Pennsylvania, United States iPipeline is a provider of cloud-based software solutions for the life insurance and financial services industries. Through its SSG Digital, end-to-end platform, iPipeline accelerates and simplifies sales, compliance, operations, and support. iPipeline provides process automation and seamless integration between every participant in its ecosystem including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and consumers on a global basis. |
Sell | $1.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-14 |
Sophos
Abingdon, United Kingdom Sophos is a provider of information technology security and data protection solutions. Sophos' cloud-native and AI-enhanced solutions secure endpoints (laptops, servers and mobile devices) and networks against evolving cybercriminal tactics and techniques, including automated and active-adversary breaches, ransomware, malware, exploits, data exfiltration, phishing, and more. Sophos was founded in 1985 and is based in Abingdon, United Kingdom. |
Buy | $3.9B |
| Category | Private Equity Firm |
|---|---|
| PE ASSETS | 24.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
Five Arrows Principal Investments is a mid-cap investor in Western European companies. Five Arrows can invest across the capital structure (equity, equity-linked, mezzanine, convertible debt) and generally focused on primary or secondary buyouts, growth financings, and balance sheet restructurings. The Group does not have any sector preferences, but typically looks for businesses with high barriers to entry and predictable earnings. Five Arrows can commit €30 to €400 million per investment. Five Arrows is a unit of Rothschild Bank. The Group has offices in Paris, Luxembourg, and London.
| DEAL STATS | # |
|---|---|
| Overall | 34 of 58 |
| Sector: Internet Software and Services M&A | 4 of 9 |
| Type: Secondary Buyout M&A Deals | 17 of 36 |
| State: Minnesota M&A | 1 of 1 |
| Country: United States M&A | 5 of 10 |
| Year: 2019 M&A | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-01 |
Averhealth
Richmond, Virginia, United States Avertest is specialized in providing substance use monitoring services tailored to the unique needs of judicial programs that operate at the holistic intersection of justice-involved and behavioral health. Avertest was founded in 1995 and is based in Richmond, Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-09 |
Heilbron Group
Doetinchem, Netherlands Heilbron Group is a tech-enabled insurance distribution platform in the Netherlands, focused specifically on the small/medium sized enterprises and corporates. Heilbron Group was founded in 1932 and is based in Doetinchem, Netherlands. |
Buy | - |
Somers Investment Partners is a private equity firm focused on buyouts and build-ups of lower middle-market business service companies located in the US. Specific areas of interest within business services include marketing services, IT services, and information services. Somers Investment Partners looks to commit $10 to $50 million of equity capital per transaction in transactions valued up to $250 million. Target companies typically have EBITDA of at least $1 million. Somers Investment Partners was formed in 1999 and is based in Palm Beach, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector: Internet Software and Services M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 1 of 1 |
| State: Minnesota M&A | 1 of 1 |
| Country: United States M&A | 5 of 5 |
| Year: 2019 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-22 |
PrecisionIR Group
Richmond, Virginia, United States PrecisionIR Group, Inc. is a provider of web-based communication solutions and online investor relations services to over 3,500 companies in 13 countries. |
Sell | $3M |
