M&A Deal Summary

STG Acquires SAI360

On December 14, 2022, private equity firm STG acquired internet software and services company SAI360 from EQT Private Capital Asia

Acquisition Highlights
  • This is STG’s 7th transaction in the Internet Software and Services sector.
  • This is STG’s 42nd transaction in the United States.
  • This is STG’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2022-12-14
Target SAI360
Sector Internet Software and Services
Buyer(s) STG
Sellers(s) EQT Private Capital Asia
Deal Type Divestiture

Target

SAI360

Chicago, Illinois, United States
SAI360 is a risk management cloud software provider connecting integrated risk management, EHS&S and compliance learning. SAI360 platform streamlines workflow and drives outcomes through flexible, scalable, and configurable modules. SAI360 was founded in 2003 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

STG

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 12.0B 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 57 of 67
Sector: Internet Software and Services M&A 7 of 11
Type: Divestiture M&A Deals 21 of 23
State: Illinois M&A 2 of 2
Country: United States M&A 42 of 49
Year: 2022 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Quoreka

London, United Kingdom

Quoreka is an expertise lies in solving commodity trade lifecycle challenges with trading and risk management workflows across financial and physical commodities. Quoreka is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-18 Alveo

New York City, New York, United States

Alveo is a provider of data management software to global financial institutions. Alveo encompass the full spectrum of reference and market data to help financial institutions better manage risk, meet evolving compliance demands, increase productivity, bring new products to market faster and generate new revenue. Alveo was founded in 1991 and is based in New York City, New York.

Buy -

Seller(S) 1

SELLER

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 25 of 32
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Bolero

Walton-on-Thames, United Kingdom

Bolero is a cloud-based platform that provides a way to optimize complex international trade chains. Bolero was formed in 1998 and is based in Walton-on-Thames, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Bushu Pharma

Saitama, Japan

Bushu Pharma is an independent pharmaceutical contract manufacturer that carries out pharmaceutical drug product contract manufacturing and packaging of clinical trials and commercial products in accordance with the latest GMP standards. Bushu Pharma was formed in 1998 and is based in Saitama, Japan.

Sell -