M&A Deal Summary |
|
|---|---|
| Date | 2021-07-09 |
| Target | Auctane |
| Sector | Internet Software and Services |
| Buyer(s) |
Thoma Bravo
Blackstone Credit NB Private Equity Partners |
| Deal Type | Going Private |
| Deal Value | 6.6B USD |
| Advisor(s) | J.P. Morgan Securities (Financial) Proskauer Rose (Legal) |
SEARCH BY
| 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 | 109 of 151 |
| Sector: Internet Software and Services M&A | 17 of 28 |
| Type: Going Private M&A Deals | 26 of 43 |
| State: Texas M&A | 15 of 19 |
| Country: United States M&A | 100 of 132 |
| Year: 2021 M&A | 10 of 20 |
| Size (of disclosed) | 8 of 52 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-01 |
iOFFICE
Houston, Texas, United States iOFFICE is a provider of enterprise workplace SaaS platform, mobile tools and analytics to simplify facility management, empower employees and increase workplace productivity. iOFFICE is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-26 |
Medallia
Pleasanton, California, United States Medallia is a provider of cloud based platform captures billions of experience signals across interactions including all voice, video, digital, IOT, social media and corporate messaging tools. Medallia was founded in 2001 and is based in Pleasanton, California. |
Buy | $6.4B |
Blackstone Credit is the lending arm of alternative asset management firm The Blackstone Group. Blackstone Credit looks to provide a variety of capital needs, including loans, high yield and investment grade bonds, structured credit, mezzanine lending, and opportunistic financings. The Blackstone Group acquired lender GSO Capital Partners in 2008 which formed the foundation for Blackstone Credit. Blackstone Credit is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 14 |
| Sector: Internet Software and Services M&A | 1 of 1 |
| Type: Going Private M&A Deals | 1 of 1 |
| State: Texas M&A | 2 of 2 |
| Country: United States M&A | 8 of 10 |
| Year: 2021 M&A | 2 of 2 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-01 |
DoublePoint Energy
Fort Worth, Texas, United States DoublePoint Energy is an upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. DoublePoint Energy is based in Fort Worth, Texas. |
Sell | $6.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-17 |
XLN Telecom
London, United Kingdom XLN Telecom is a communications company based in London. It supplies fixed line and broadband services to 70,000 customers in the SME sector and is one of Britain’s fastest growing alternative telecoms service providers. |
Sell | - |
NB Private Equity Partners is a publicly traded asset manager focused on acquiring direct investments in privately held companies. The Firm principally targets businesses in the US and looks to invest alongside other private equity managers when considering opportunities. NB Private Equity Partners is headquartered in the UK, with an additional office in the US.
| DEAL STATS | # |
|---|---|
| Overall | 35 of 39 |
| Sector: Internet Software and Services M&A | 3 of 3 |
| Type: Going Private M&A Deals | 3 of 3 |
| State: Texas M&A | 2 of 2 |
| Country: United States M&A | 22 of 24 |
| Year: 2021 M&A | 3 of 5 |
| Size (of disclosed) | 3 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-06 |
Solenis
Wilmington, Delaware, United States Solenis is a global manufacturer of specialty chemicals for pulp, paper, oil and gas, chemical processing, mining, biorefining, power, and municipal markets. Solenis was founded in 1907 and is based in Wilmington, Delaware. |
Buy | $5.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-09 |
True Potential Wealth Management
Newcastle Upon Tyne, United Kingdom True Potential Wealth Management is a financial services group in the UK. The financial services group provides technology and business support services to UK financial advisers and wealth management services for private individuals. True Potential Wealth Management was founded in 2007 and is based in Newcastle Upon Tyne, United Kingdom. |
Buy | - |
