M&A Deal Summary

Symbio Acquires Freeborders

On October 18, 2013, Symbio acquired software company Freeborders from FTV Capital

Acquisition Highlights
  • This is Symbio’s 1st transaction in the Software sector.
  • This is Symbio’s 1st transaction in the United States.
  • This is Symbio’s 1st transaction in California.

M&A Deal Summary

Date 2013-10-18
Target Freeborders
Sector Software
Buyer(s) Symbio
Sellers(s) FTV Capital
Deal Type Add-on Acquisition

Target

Freeborders

San Francisco, California, United States
Provides IT and software application outsourcing services through a hybrid onshore-offshore delivery model with its primary development operations based in Shenzhen, China.

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Buyer(S) 1

Buyer

Symbio

Finland

Category Company
Sector Software
Employees955
Revenue 45M EUR (2012)
DESCRIPTION

Symbio provides advanced software engineering and R&D co-creation services to the world's technology innovators. Symbio operates globally with offices located in Europe, Asia and the USA.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


DEAL STATS #
Overall 26 of 62
Sector: Software M&A 6 of 15
Type: Add-on Acquisition M&A Deals 17 of 38
State: California M&A 8 of 15
Country: United States M&A 25 of 55
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-27 Finaro

Herzliya, Israel

Finaro is a cross-border payment provider empowering international commerce through brilliantly simple payments. Finarowas founded in 2007 and is based in Herzliya, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 World First U.K.

London, United Kingdom

World First is already one of the fastest growing financial services companies in Europe, providing international currency, payment and hedging solutions to its clients throughout the world.

Buy -