M&A Deal Summary |
|
|---|---|
| Date | 2020-12-10 |
| Target | Venafi |
| Sector | Software |
| Buyer(s) | Thoma Bravo |
| Sellers(s) |
Mercato Partners
ORIX Private Equity Solutions |
| Deal Type | Secondary Buyout |
| Advisor(s) | J.P. Morgan Securities (Financial) |
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| 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 | 96 of 142 |
| Sector (Software) | 43 of 61 |
| Type (Secondary Buyout) | 27 of 34 |
| State (Utah) | 4 of 4 |
| Country (United States) | 89 of 123 |
| Year (2020) | 9 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-08 |
Grayshift
Atlanta, Georgia, United States Grayshift is a provider of mobile device digital forensics, specializing in access and extraction. Grayshift solutions are purpose-built to help law enforcement and government investigative agencies swiftly resolve critical investigations and ensure public safety. Grayshift was founded in 2016 and is based in Atlanta, Georgia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-21 |
RealPage
Richardson, Texas, United States RealPage is a provider of comprehensive property management software solutions for the multifamily, commercial, single-family and vacation rental housing industries. RealPage was founded in 1998 and is based in Richardson, Texas. |
Buy | $10.2B |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2007 |
| Size | Small |
| Type | Sector Agnostic |
Mercato Partners is a private equity firm focused on later stage growth capital financings. Mercato generally targets minority investments in high growth technology and consumer businesses with $5 to $50 million in annual sales. The Firm looks for profitable, US-based companies where additional capital can help continue expansion opportunities. Mercato Partners is based in Salt Lake City, Utah.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 12 |
| Sector (Software) | 3 of 3 |
| Type (Secondary Buyout) | 2 of 2 |
| State (Utah) | 9 of 9 |
| Country (United States) | 11 of 11 |
| Year (2020) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-29 |
SaltStack
Lehi, Utah, United States SaltStack intelligent IT automation software is used to help the largest businesses in the world manage and secure their digital infrastructure. Recognized for its powerful event-driven approach to hybrid cloud infrastructure configuration and control, SaltStack software delivers continuous compliance and vulnerability remediation while providing collaborative solutions for IT and SecOps teams. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-02 |
Beam
Columbus, Ohio, United States Beam is a digital dental benefits provider that incorporates dental hygiene behavior into policy pricing, combining an easy-to-use online insurance platform, AI-powered underwriting, and the connected Beam Toothbrush for better overall wellness. Beam was founded in 2012 and is based in Columbus, Ohio. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| PE ASSETS | 600M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 21 |
| Sector (Software) | 5 of 5 |
| Type (Secondary Buyout) | 3 of 7 |
| State (Utah) | 1 of 1 |
| Country (United States) | 12 of 19 |
| Year (2020) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-20 |
Accelalpha
Bellevue, Washington, United States Accelalpha is a business and IT consulting services firm that provides services across a breadth of industries. Accelalpha primarily focuses on providing end-to-end enterprise solution implementation services and is recognized for its rigorous, results-oriented approach in the development of solutions that deliver tangible results in a short time frame. Accelalpha’s breadth of consulting expertise includes project management, business process re-engineering, solutions architecture, application implementation, technology development, managed services, and systems administration. Accelalpha was founded in 2009 and is based in Bellevue, Washington. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-20 |
LCR Contractors
Hutto, Texas, United States LCR Contractors specializes in providing spray applied to fireproof and spray thermal insulation services to commercial and residential construction projects. LCR Contractors was founded in 1984 and is based in Hutto, Texas. |
Sell | - |
