M&A Deal Summary

STG Acquires SurveyMonkey

On March 13, 2023, private equity firm STG acquired internet software and services company SurveyMonkey for 1.5B USD

Acquisition Highlights
  • This is STG’s 8th transaction in the Internet Software and Services sector.
  • This is STG’s 3rd largest (disclosed) transaction.
  • This is STG’s 44th transaction in the United States.
  • This is STG’s 13th transaction in California.

M&A Deal Summary
Date 2023-03-13
Target SurveyMonkey
Sector Internet Software and Services
Buyer(s) STG
Deal Type Going Private
Deal Value 1.5B USD
Advisor(s) Qatalyst Partners (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

SurveyMonkey

San Mateo, California, United States
SurveyMonkey specializes in online surveys and forms that empowers people with the insights they need to make decisions with speed and confidence. SurveyMonkey's intuitive feedback management platform connects millions of users worldwide with real-time AI-powered insights that drive meaningful decisions. SurveyMonkey was founded in 1999 and is based in Palo Alto, California.

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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 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 59 of 63
Sector (Internet Software and Services) 8 of 10
Type (Going Private) 1 of 3
State (California) 13 of 14
Country (United States) 44 of 47
Year (2023) 2 of 5
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-18 Alveo

New York, New York, United States

Alveo is a provider of data management software to global financial institutions. Asset Control’s solutions 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-22 Accelerated Technology Laboratories

West End, North Carolina, United States

Accelerated Technology Laboratories (ATL) is an ISO Certified software company that specializes in Laboratory Information Management Systems (LIMS). Their comprehensive suite of LIMS solutions helps customers streamline their laboratory workflows, increase efficiency, and improve data accuracy. ATL's products and services are widely used in end markets such as water and wastewater, environmental, and manufacturing, in which compliance with regulations and standards is critical. Accelerated Technology Laboratories was formed in 1994 and is based in West End, North Carolina.

Buy -
Mergr

Product

Company

Legal