M&A Deal Summary |
|
|---|---|
| Date | 2016-05-24 |
| Target | PDI Software |
| Sector | Software |
| Buyer(s) |
TA Associates
Genstar Capital Insight Partners Harvest Partners Structured Capital |
| Sellers(s) | Luminate Capital Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Lazard (Financial) Kirkland & Ellis Irell & Manella (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1968 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 242 of 364 |
| Sector (Software) | 50 of 86 |
| Type (Secondary Buyout) | 26 of 69 |
| State (Georgia) | 6 of 7 |
| Country (United States) | 196 of 263 |
| Year (2016) | 8 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-23 |
10bis. Il
Tel Aviv, Israel 10bis.Co.Il Ltd. is an online and mobile food ordering from restaurants in Israel. 10bis's cutting-edge technology allows customers to easily eat at or order from more than 3,500 restaurants. 10bis.Co.Il Ltd. was founded in 2000 and is based in Tel Aviv, Israel. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-31 |
ION Group
Dublin, Ireland ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporations. The Company's proprietary software offers a flexible, open, customizable and cost-effective trading solutions that provides real-time integration of market data with internal systems. ION Group was founded in 1998 and is based in Dublin, Ireland. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 49.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 56 of 109 |
| Sector (Software) | 5 of 12 |
| Type (Secondary Buyout) | 20 of 49 |
| State (Georgia) | 1 of 3 |
| Country (United States) | 51 of 101 |
| Year (2016) | 3 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-18 |
Accruent
Austin, Texas, United States Accruent, Inc. is a provider of physical resource management software. Accruent provides market planning, site selection, project management, lease administration, facilities and space management software that is purpose-built for specific industries to deliver greater customer value. Accruent, Inc. was founded in 1995 and is based in Austin, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-31 |
Infinite Electronics
Irvine, California, United States Infinite Electronics is a supplier of engineering-grade radio-frequency technology products, operating under its proprietary brands for a global engineering base. IRF serves the high urgency, technical needs segment of the global RF component market, and differentiates itself through a broad selection of RF components available for same-day shipping, custom cable design and assembly capabilities for 250,000+ unique configurations, and significant technical expertise in bringing new products to the market and providing solutions for R&D engineers. Infinite Electronics was formed in 1972 and is based in Irvine, California. |
Buy | - |
| Category | Venture Capital Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 80.0B USD |
| Size | Mega |
| Type | Sector Focused |
Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 40 of 91 |
| Sector (Software) | 20 of 38 |
| Type (Secondary Buyout) | 9 of 22 |
| State (Georgia) | 3 of 4 |
| Country (United States) | 33 of 72 |
| Year (2016) | 5 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-14 |
Flipp
Toronto, Ontario, Canada Flipp is a mobile consumer marketplace that is reinventing the weekly shopping experience. The Flipp app is a go-to destination for millions of consumers to access digital circulars from over 800 retailers, equaling over 140,000 store fronts to help plan weekly shopping and find the best local deals. Flipp was founded in 2007 and is based in Toronto, Ontario. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-17 |
Prevalent
Phoenix, Arizona, United States Prevalent provides software and services to eliminate the security and compliance exposures that come from working with vendors, suppliers and other third parties. Prevalent was founded in 2004 and is based in Phoenix, Arizona. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2014 |
| Size | Large |
| Type | Sector Agnostic |
Harvest Partners Structured Capital is a private investment group focused on minority position, non-control investments. The Group looks for businesses with $100 million to $1 billion in revenues where Harvest can commit $50 to $250 million. Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, and distribution. Harvest Partners Structured Capital is a unit of PE Firm Harvest Partners. The Firm is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 31 |
| Sector (Software) | 1 of 3 |
| Type (Secondary Buyout) | 4 of 12 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 11 of 30 |
| Year (2016) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-17 |
AxelaCare Health Solutions
Lenexa, Kansas, United States AxelaCare Health Solutions LLC is a full-service home infusion therapy provider. Therapies provided range from immune globulin (IG) therapy to antibiotics and nutrition therapy for patients across the United States. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-07 |
OTG Management
New York, New York, United States OTG Management is an operator of airport food and beverage concessions. OTG Management was founded in 1996 and is based in New York, New York. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2015 |
| PE ASSETS | 265M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Luminate Capital Partners is a private equity group focused on control investments in software and software-enabled businesses. The Firm targets growth-oriented companies 'at an inflection point' looking to take the business to the next level. Specific areas of interest include vertical applications, SaaS, back office and supply chain, marketing automation, e-commerce, data and analytics and software-enabled services. Laminate Capital was formed in 2015 and is based in San Francisco.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 7 |
| Sector (Software) | 1 of 2 |
| Type (Secondary Buyout) | 1 of 3 |
| State (Georgia) | 1 of 2 |
| Country (United States) | 1 of 7 |
| Year (2016) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-04-15 |
PDI Software
Alpharetta, Georgia, United States PDI Software is a provider of enterprise-class retail automation software to convenience store retailers and wholesale petroleum marketers. PDI develops, sells and supports a software solution for managing back-office and day-to-day management processes such as accounting, product pricing, inventory, fuel purchasing, card processing and employee scheduling for retail convenience store and wholesale fuel businesses. PDI Software was founded in 1983 and is based in Alpharetta, Georgia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-07-12 |
Oversight Systems
Atlanta, Georgia, United States Oversight Systems is a web-based software solution that automates spending program compliance by comprehensively analyzing expense reports, purchase cards, and accounts payable transactions to identify fraud, non-compliant purchases, as well as inefficient and wasteful spending. Oversight Systems was founded in 2003 and is based in Atlanta, Georgia. |
Buy | - |
