M&A Deal Summary |
|
|---|---|
| Date | 2022-03-15 |
| Target | Veracode |
| Sector | Information Technology |
| Buyer(s) |
TA Associates
BCI |
| Sellers(s) | Thoma Bravo |
| Deal Type | Secondary Buyout |
| Deal Value | 2.5B USD |
| Advisor(s) | Deutsche Bank Corporate & Investment Banking (Financial) |
SEARCH BY
| 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 | 340 of 375 |
| Sector: Information Technology M&A | 32 of 38 |
| Type: Secondary Buyout M&A Deals | 60 of 75 |
| State: Massachusetts M&A | 25 of 25 |
| Country: United States M&A | 251 of 271 |
| Year: 2022 M&A | 4 of 15 |
| Size (of disclosed) | 1 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-14 |
Stonewall Kitchen
York, Maine, United States Stonewall Kitchen is a specialty food and home goods producer selling jams and jellies at local farmers' markets with a flavorful line of distinctive and high-quality products. Stonewall expanded the brand to include sauces, condiments, crackers, and baking mixes, always focusing on innovative product development, beautiful packaging, and exceptional guest service. Stonewall Kitchen was founded in 1991 and is based in York, Maine. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-30 |
TouchTunes
New York, New York, United States TouchTunes operates an out-of-home network of interactive entertainment systems in North America. The Company offers digital-downloading and pay-per-play commercial jukebox to bars, restaurants, retailers, and entertainment centers. TouchTunes was founded in 1998 and is based in New York City. |
Buy | - |
British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.
| DEAL STATS | # |
|---|---|
| Overall | 25 of 32 |
| Sector: Information Technology M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 12 of 14 |
| State: Massachusetts M&A | 1 of 1 |
| Country: United States M&A | 11 of 15 |
| Year: 2022 M&A | 3 of 6 |
| Size (of disclosed) | 6 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-07 |
Reden Solar
Roquefort-sur-Soulzon, France Reden Solar is an independent producer of renewable energy of photovoltaic origin, which focuses on the development, construction, and operation of photovoltaic power plants in France and abroad. Reden Solar operates PV power generation plants in France, Southern Europe, and Latam. Reden Solar was founded in 2008 and is based in Roquefort-sur-Soulzon, France. |
Buy | €2.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-27 |
National Grid - Gas Transmission & Metering Business
London, United Kingdom National Grid's Gas Transmission & Metering Business owns and operates regulated national gas transmission system and independent gas metering services. |
Buy | £9.6B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 64 of 86 |
| Sector: Information Technology M&A | 17 of 24 |
| Type: Secondary Buyout M&A Deals | 18 of 24 |
| State: Massachusetts M&A | 3 of 3 |
| Country: United States M&A | 61 of 80 |
| Year: 2022 M&A | 1 of 6 |
| Size (of disclosed) | 6 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-11 |
Project44
Chicago, Illinois, United States Project44 is a provider of cloud-based platforms that connects, automates, and provides visibility into key transportation processes to accelerate insights and drive better decisions. Project44 was founded in 2014 and is based in Chicago, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-20 |
Anaplan
Miami, Florida, United States Anaplan develops cloud-based software for creating sales, operations, and finance models and business plans. Anaplan was founded in 2008 and is based in Miami, Florida. |
Buy | $10.7B |
