M&A Deal Summary

STG and Clearlake Capital Acquire Dodge

On September 22, 2014, private equity firms STG and Clearlake Capital acquired software company Dodge from S&P Global for 320M USD

Acquisition Highlights
  • This is STG’s 9th and Clearlake Capital’s 7th transaction in the Software sector.
  • This is STG’s 7th and Clearlake Capital’s 12th largest (disclosed) transaction.
  • This is STG’s 17th and Clearlake Capital’s 21st transaction in the United States.
  • This is STG’s 2nd and Clearlake Capital’s 4th transaction in New Jersey.

M&A Deal Summary

Date 2014-09-22
Target Dodge
Sector Software
Buyer(s) STG
Clearlake Capital
Sellers(s) S&P Global
Deal Type Divestiture
Deal Value 320M USD
Advisor(s) Paul Hastings (Legal)

Target

Dodge

Hamilton, New Jersey, United States
Dodge is a provider of analytics and software-based workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities and execute on those opportunities for enhanced business performance. Dodge is based in Hamilton, New Jersey.

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Buyer(S) 2

Buyer

STG

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

STG is a private equity firm focused on making investments in software and services companies. STG looks to leverage operational expertise in helping its portfolio companies 'increase customer value' and grow. In addition to its focus within the software/services sectors, STG also has interest in healthcare, pharmaceuticals manufacturing, consumer packaged goods, retail, financial services, and communications. STG was formed in 2002 and is based in Menlo Park, California.


DEAL STATS #
Overall 28 of 63
Sector (Software) 9 of 25
Type (Divestiture) 11 of 21
State (New Jersey) 2 of 2
Country (United States) 17 of 47
Year (2014) 6 of 6
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-03 Ventiv Technology

Atlanta, Georgia, United States

Ventiv Technology is a software provider of Integrated Risk Management (“IRM”) solutions for enterprises and government entities. Its software platform enables enterprises to manage incidents and claims and evaluate, mitigate, and monitor risks with analytics, data-discovery, and reporting capabilities. Ventiv Technology. was founded in 1994 and is based in Atlanta, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-22 Symphony Teleca

Mountain View, California, United States

Symphony Teleca Corp. is a software services company. Symphony Teleca provides software engineering and integration services that help businesses rapidly design and develop products and technologies at the convergence of device, sensors, cloud and data.

Sell $780M
Buyer

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 23 of 88
Sector (Software) 7 of 19
Type (Divestiture) 2 of 9
State (New Jersey) 4 of 7
Country (United States) 21 of 83
Year (2014) 5 of 7
Size (of disclosed) 12 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-04 MetricStream

San Jose, California, United States

MetricStream is a provider of Governance, Risk, and Compliance software and solutions to enterprises worldwide. MetricStream’s solutions improve business performance by streamlining and strengthening an enterprise’s risk management, corporate governance, regulatory compliance, vendor governance, and quality management practices. MetricStream was launched in 1999 and is headquartered in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 AmQuip Crane Rental

Trevose, Pennsylvania, United States

AmQuip Crane Rental is a provider of crane rentals and related services with a fleet of approximately 500 cranes. AmQuip Crane Rental is based in Trevose, Pennsylvania.

Buy -

Seller(S) 1

SELLER

S&P Global

New York, New York, United States

Category Company
Founded 1860
Sector Information Services
Employees40,450
Revenue 12.5B USD (2023)
DESCRIPTION

S&P Global is a financial intelligence company providing the global capital and commodity markets with independent benchmarks, credit ratings, portfolio and enterprise risk solutions, and analytics. McGraw Hill's iconic brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power and McGraw Hill Construction. S&P Global was founded in 1860 and is based in New York City.


DEAL STATS #
Overall 7 of 12
Sector (Software) 1 of 1
Type (Divestiture) 7 of 11
State (New Jersey) 1 of 1
Country (United States) 7 of 11
Year (2014) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 McGraw Hill - Aviation Week

New York, New York, United States

Aviation Week is a magazine publisher focused on the aerospace sector. It serves over 1.2 million professionals in 185 countries and is the largest information and services provider to the global commercial, defense, maintenance/repair/overhaul (MRO), space and business aviation communities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 SNL Financial

Charlottesville, Virginia, United States

SNL Financial is a provider of financial data and analytics services. The Company was formed in 1987 and is based in Charlottesville, Virginia.

Buy $2.3B