M&A Deal Summary |
|
|---|---|
| Date | 2023-03-12 |
| Target | Qualtrics |
| Sector | Internet Software and Services |
| Buyer(s) |
Silver Lake
CPP Investments Susquehanna Growth Equity |
| Deal Type | Going Private |
| Deal Value | 12.5B USD |
| Advisor(s) | Morgan Stanley Goldman Sachs (Financial) Goodwin Procter Freshfields Bruckhaus Deringer (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 104.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 132 of 135 |
| Sector (Internet Software and Services) | 20 of 21 |
| Type (Going Private) | 15 of 17 |
| State (Utah) | 3 of 3 |
| Country (United States) | 92 of 95 |
| Year (2023) | 1 of 2 |
| Size (of disclosed) | 4 of 30 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-09 |
DBH
Syracuse, New York, United States DBH owns and operates select minor league baseball clubs affiliated with major league baseball. DBH seeks to support, promote and enhance its clubs through professional management, best practices, innovation and investment, with the mission to elevate fan and player experiences and enrich communities across the country. DBH was formed in 2021 and is based in Syracuse, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-17 |
ProService Hawaii
Honolulu, Hawaii, United States ProService Hawaii provides HR solutions & also provides bundled solutions include configured HR technology, payroll, scheduling, HR consultations, health benefits management, administrative & risk management, workers’ compensation, 401(k), and regulatory compliance. ProService Hawaii was founded in 1994 and is based in Honolulu, Hawaii. |
Buy | - |
CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 46 of 51 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Going Private) | 8 of 10 |
| State (Utah) | 1 of 1 |
| Country (United States) | 25 of 26 |
| Year (2023) | 1 of 2 |
| Size (of disclosed) | 5 of 26 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-01 |
Aera Energy
Bakersfield, California, United States Aera Energy is an energy producer that provides safety and environmental performance, innovative business practices, and application of cutting-edge technology. Aera Energy was founded in 1997 and is based in Bakersfield, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-12 |
Power2X
Amsterdam, Netherlands Power2X is a green molecule company that develops large-scale new energy assets and infrastructure focusing on decarbonizing industrial value chains. In addition, the company is active as a consultant through Power2X Consulting, working together with a variety of industry participants. Power2X is headquartered in Amsterdam, the Netherlands. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2006 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $10 to $200 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 70 of 70 |
| Sector (Internet Software and Services) | 32 of 32 |
| Type (Going Private) | 1 of 1 |
| State (Utah) | 2 of 2 |
| Country (United States) | 53 of 53 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-20 |
BoomTown
Charleston, South Carolina, United States BoomTown is a web-based software company that offers a robust online marketing system for real estate professionals. BoomTown was founded in 2006 and is based in Charleston, South Carolina. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-05 |
Board Intelligence
London, United Kingdom Board Intelligence is a provider of software and services to corporate boards. Board Intelligence was founded in 2010 and is based in London, United Kingdom. |
Sell | - |
