M&A Deal Summary

Temasek Holdings Acquires Sygnia

On October 10, 2018, sovereign wealth fund Temasek Holdings acquired information technology company Sygnia from Team8 for 250M USD

Acquisition Highlights
  • This is Temasek Holdings’ 6th transaction in the Information Technology sector.
  • This is Temasek Holdings’ 3rd largest (disclosed) transaction.
  • This is Temasek Holdings’ 1st transaction in Israel.

M&A Deal Summary

Date 2018-10-10
Target Sygnia
Sector Information Technology
Buyer(s) Temasek Holdings
Sellers(s) Team8
Deal Type Divestiture
Deal Value 250M USD

Target

Sygnia

Tel Aviv, Israel
Sygnia is a cyber technology and services company, providing high-end consulting and incident response support for organizations worldwide. Sygnia works with companies to proactively build their cyber resilience and to respond and defeat attacks within their networks. Sygnia was founded in 2015 and is based in Tel Aviv, Israel.

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Buyer(S) 1

Buyer

Temasek Holdings

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1974
PE ASSETS 496.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Temasek Holdings is a state-owned investment holding company. Temasek is owned by the government of Singapore and invests directly and indirectly in a broad range of assets and sectors. Target sectors include financial services, telecommunications, media, technology, transportation, industrials, life science, consumer, real estate, energy, and resources. Temasek was formed in 1974 and is based in Singapore.


DEAL STATS #
Overall 22 of 32
Sector (Information Technology) 6 of 6
Type (Divestiture) 2 of 2
Country (Israel) 1 of 2
Year (2018) 5 of 6
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 FNZ Group

London, United Kingdom

FNZ Group is a global platform-as-a-service provider, transforming the way financial institutions serve their wealth management customers. FNZ Group partners with banks, insurers and asset managers to help consumers better achieve their financial goals. FNZ's technology, transaction and custody services enable their clients to provide best-in-class wealth management solutions to financial advisers, end-investors and the workplace that are efficient, flexible, transparent and scalable, supporting market, demographic and regulatory trends worldwide. FNZ Group was founded in 2004 and is based in London, United Kingdom.

Buy £1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-24 Airtel Africa

Nairobi, Kenya

Airtel Africa is a telecom company that provides voice, data and mobile money services across 14 countries in Sub-Saharan Africa. The Company has operations in Chad, Democratic Republic of the Congo, Gabon, Kenya, Malawi, Madagascar, Niger, Nigeria, Republic of the Congo, Rwanda, Seychelles, Tanzania, Uganda and Zambia and has 100m+ subscribers across these countries. Airtel Africa was founded in 2010 and is based in Nairobi, Kenya.

Buy -

Seller(S) 1

SELLER

Team8

New York, New York, United States

Category Company
Founded 2014
Sector Information Technology
DESCRIPTION

Team8 is a cyber-security think tank and company creation platform, develops disruptive companies that challenge the biggest problems in cyber security and give organizations the advantage over cyber attackers. Team8 was founded in 2014 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (Israel) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Sygnia

Tel Aviv, Israel

Sygnia is a cyber technology and services company, providing high-end consulting and incident response support for organizations worldwide. Sygnia works with companies to proactively build their cyber resilience and to respond and defeat attacks within their networks. Sygnia was founded in 2015 and is based in Tel Aviv, Israel.

Buy -