M&A Deal Summary |
|
|---|---|
| Date | 2021-04-26 |
| Target | Proofpoint |
| Sector | Internet Software and Services |
| Buyer(s) |
Thoma Bravo
AIMCo CPP Investments |
| Deal Type | Going Private |
| Deal Value | 12.3B USD |
| Advisor(s) | Morgan Stanley (Financial) Skadden, Arps, Slate, Meagher & Flom (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 | 105 of 151 |
| Sector: Internet Software and Services M&A | 15 of 28 |
| Type: Going Private M&A Deals | 24 of 43 |
| State: California M&A | 23 of 32 |
| Country: United States M&A | 96 of 132 |
| Year: 2021 M&A | 6 of 20 |
| Size (of disclosed) | 2 of 52 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-21 |
Empirix
Billerica, Massachusetts, United States Empirix is end-to-end network performance visibility with the unique ability to analyze customer behaviors, by application, in real-time, through an innovative approach to enabling the build-out of the Service Operations Center model. Empirix helps service providers, mobile operators, contact centers, and businesses master complexities to drive customer experience and user satisfaction improvements. Through testing, monitoring, analytics, and intelligence, Empirix helps companies around the world maximize their technology investments while reducing implementation and customer impact risks. Empirix was founded in 2000 and is based in Billerica, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-05 |
Infogix
Naperville, Illinois, United States Infogix is a developer and marketer proprietary suite of unique, automated, end-to-end software solutions to help corporate customers control and monitor, analyze and improve their data accuracy. Infogix was founded in 1982 and is based in Naperville, Illinois. |
Sell | - |
AIMCo is a Canadian diversified institutional investment manager serving pension, endowment and government funds in the province of Alberta. In addition to investing in public equities, fixed income, and debt, AIMCo looks to invest in private equity, real estate, timberlands, and infrastructure. AIMCo's private equity group invests in funds and directly in companies throughout North America and Western Europe. Areas of interest include consumer, industrials, business services, financial services, technology, and healthcare. AIMCo is based in Edmonton, with additional offices in Toronto and London.
| DEAL STATS | # |
|---|---|
| Overall | 29 of 40 |
| Sector: Internet Software and Services M&A | 3 of 5 |
| Type: Going Private M&A Deals | 3 of 5 |
| State: California M&A | 2 of 3 |
| Country: United States M&A | 14 of 22 |
| Year: 2021 M&A | 4 of 7 |
| Size (of disclosed) | 1 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-22 |
Igua
Sao Paulo, Brazil Igua manages and operates water supply and sewage systems through concessions and public-private partnerships. The Company’s activities include water collection, treatment, overall water distribution, sewage collection and treatment, as well as project formulation and technical studies. Igua was founded in 2006 and is based in Sao Paulo, Brazil. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-17 |
Environmental Resources Management
London, United Kingdom Environmental Resources Management is a global provider of environmental, health, safety, risk, and social consulting services. Environmental Resources Management was founded in 1871 and is based in London, United Kingdom. |
Sell | - |
CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 113 of 176 |
| Sector: Internet Software and Services M&A | 10 of 17 |
| Type: Going Private M&A Deals | 17 of 34 |
| State: California M&A | 16 of 23 |
| Country: United States M&A | 57 of 82 |
| Year: 2021 M&A | 10 of 23 |
| Size (of disclosed) | 6 of 60 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-19 |
Adopt a Cow
Beijing, China Adopt a Cow is a dairy company whose products reach consumers directly. Adopt a Cow was founded in 2016 and is based in Beijing. China. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-28 |
Proterial
Tokyo, Japan Proterial engages in manufacturing and marketing of high-grade metal products and materials, electronics and information technology (IT) devices. Proterial was founded in 1910 and is based in Tokyo, Japan. |
Buy | - |
