M&A Deal Summary

SunGard Trading & Risk Systems Acquires Monis Software

On August 13, 2002, SunGard Trading & Risk Systems acquired software company Monis Software from Kennet Partners

Acquisition Highlights
  • This is SunGard Trading & Risk Systems’ 1st transaction in the Software sector.
  • This is SunGard Trading & Risk Systems’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2002-08-13
Target Monis Software
Sector Software
Buyer(s) SunGard Trading & Risk Systems
Sellers(s) Kennet Partners
Deal Type Add-on Acquisition

Target

Monis Software

London, United Kingdom
Monis Software Ltd. is a provider of software for pricing, analysis, and hedging solutions for convertible bonds and other equity-linked securities.

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Buyer(S) 1

Buyer

SunGard Trading & Risk Systems

London, United Kingdom

Category Company
Sector Software
DESCRIPTION

SunGard Trading & Risk Systems Ltd. is a provider of software solutions for banks, broker/dealers.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2002 M&A 1 of 1

Seller(S) 1

SELLER

Kennet Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1997
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kennet Partners is a private investment firm that invests in fast-growing companies providing information technology products and technology-enabled services. Kennet typically commits $10 to $50 million of equity per transaction in companies with revenues up to $50 million. The Firm generally invests in businesses located in Western Europe and the US. In addition to providing growth capital, Kennet also finances private mergers, shareholder liquidity needs, corporate divestitures or spin-outs, and restructuring situations. Kennet Partners was formed in 1997 and is based in London.


DEAL STATS #
Overall 4 of 41
Sector: Software M&A 2 of 17
Type: Add-on Acquisition M&A Deals 4 of 32
Country: United Kingdom M&A 2 of 14
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-06 Clearswift

Reading, United Kingdom

Clearswift Ltd. is a provider of policy-based content filtering software, enabling 15,000 organisations to protect their networks and their intellectual property from email- and web-borne threats, such as viruses, malicious code and inappropriate use by employees.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-19 Orchestream Holdings

London, United Kingdom

Orchestream provided software to manage Internet protocol (IP) services across carrier and enterprise networks.

Sell -