M&A Deal Summary

SS&C Technologies Acquires Advent Software

On February 2, 2015, SS&C Technologies acquired software company Advent Software from TPG for 2.7B USD

Acquisition Highlights
  • This is SS&C Technologies’ 8th transaction in the Software sector.
  • This is SS&C Technologies’ 2nd largest (disclosed) transaction.
  • This is SS&C Technologies’ 18th transaction in the United States.
  • This is SS&C Technologies’ 1st transaction in California.

M&A Deal Summary

Date 2015-02-02
Target Advent Software
Sector Software
Buyer(s) SS&C Technologies
Sellers(s) TPG
Deal Type Add-on Acquisition
Deal Value 2.7B USD
Advisor(s) Qatalyst Partners (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Advent Software

San Francisco, California, United States
Advent Software's corporate headquarters in downtown San Francisco, California.
Advent Software's corporate headquarters in downtown San Francisco, California.
Advent Software, Inc. is a software company that makes software designed to automate portfolio accounting for investment management firms, ranging from family offices and investment advisers to large institutional investors and hedge funds. Advent Software was formed in 1983 and is headquartered in San Francisco, California.

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Buyer(S) 1

Buyer

SS&C Technologies

Windsor, Connecticut, United States

Category Company
Founded 1986
Sector Software
Employees26,600
Revenue 5.5B USD (2023)
DESCRIPTION

SS&C Technologies is a software provider to the global financial services industry with a broad range of highly specialized software, software enabled-services and software as a service (SaaS) solutions for information management, analysis, trading, accounting, reporting and compliance. SS&C Technologies was founded in 1986 and is based in Windsor, Connecticut.


DEAL STATS #
Overall 22 of 49
Sector (Software) 8 of 12
Type (Add-on Acquisition) 18 of 37
State (California) 1 of 3
Country (United States) 18 of 36
Year (2015) 1 of 3
Size (of disclosed) 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 DST Global Solutions

Surbiton, United Kingdom

DST Global Solutions Ltd. is a provider of software sophisticated information processing and servicing solutions to companies around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 Varden Technologies

Boston, Massachusetts, United States

Varden Technologies, Inc. is a provider of software communication solutions for investment firms.

Buy -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 136 of 267
Sector (Software) 5 of 18
Type (Add-on Acquisition) 53 of 94
State (California) 36 of 63
Country (United States) 100 of 193
Year (2015) 1 of 15
Size (of disclosed) 22 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Uber

San Francisco, California, United States

Uber develops, markets and operates a mobile-app-based transportation network. Uber connects passengers with a variety of drivers for both personal and food delivery. Uber was formed in 2009 and is based San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 Big Heart Pet Brands

San Francisco, California, United States

Big Heart Pet Brands is a standalone producer, distributor and marketer of premium quality, branded pet food and pet snacks. The Company’s purpose is to nurture the bond between pets and the people who love them – making every day special. Its portfolio of brands, with a foundation in dog and cat food and treats, strives to cater to every pet life stage and every family’s budget through the availability and accessibility of its products.

Sell $5.8B