M&A Deal Summary |
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Date | 2021-03-23 |
Target | Calabrio |
Sector | Software |
Buyer(s) | Thoma Bravo |
Sellers(s) | KKR |
Deal Type | Secondary Buyout |
Advisor(s) | Perella Weinberg Partners (Financial) |
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Category | Private Equity Firm |
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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 | 102 of 140 |
Sector (Software) | 48 of 59 |
Type (Secondary Buyout) | 29 of 32 |
State (Minnesota) | 4 of 4 |
Country (United States) | 92 of 120 |
Year (2021) | 4 of 19 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-03-22 |
Adenza
New York, New York, United States Adenza provides customers with end-to-end, trading, treasury, risk management, and regulatory compliance platforms which can be delivered on-premise or on-cloud. It enables financial institutions to consolidate and streamline their operations with front-to back solutions integrated with data management and reporting, benefitting from a single source of truth across the business. Adenza is based in New York, New York. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-03-30 |
Applitools
Covina, California, United States Applitools is a provider of visual test automation software. Applitools provides software engineers with AI-based and cloud-powered solutions to help automate functional and visual testing for their applications and ensure a seamless user experience. Applitools was founded in 2013 and is based in Covina, California. |
Buy | - |
Category | Private Equity Firm |
---|---|
Founded | 1976 |
PE ASSETS | 267.0B USD |
Size | Mega |
Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
DEAL STATS | # |
---|---|
Overall | 155 of 207 |
Sector (Software) | 7 of 8 |
Type (Secondary Buyout) | 28 of 36 |
State (Minnesota) | 3 of 4 |
Country (United States) | 66 of 89 |
Year (2021) | 4 of 21 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-03-12 |
Cordis
Miami Lakes, Florida, United States Cordis is a provider of cardiovascular and endovascular medical devices. Founded in 1966, the Company has a long history of innovation in high-quality and minimally-invasive cardiovascular technology. Its products are primarily used in procedures to diagnose and treat the narrowing or blockage of arteries. Cordis was founded in 1966 and is based in Miami Lakes, Florida. |
Buy | $1.0B |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-03-24 |
Feedzai
San Mateo, California, United States Feedzai is an AI/ML-based fraud detection platform used by financial institutions, payment providers, and merchants to manage the risk of financial crime while enabling an optimized experience for end-users. The core of Feedzai’s offering is its artificial intelligence and machine learning platform, which processes customer and third-party data to identify, assess, and accelerate the remediation of potential threats. Feedzai was founded in 2009 and is based in San Mateo, California. |
Buy | - |