M&A Deal Summary

Thomas H. Lee Partners Acquires Bazaarvoice

On March 26, 2021, private equity firm Thomas H. Lee Partners acquired software company Bazaarvoice from Marlin Equity Partners

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 9th transaction in the Software sector.
  • This is Thomas H. Lee Partners’ 68th transaction in the United States.
  • This is Thomas H. Lee Partners’ 4th transaction in Texas.

M&A Deal Summary
Date 2021-03-26
Target Bazaarvoice
Sector Software
Buyer(s) Thomas H. Lee Partners
Sellers(s) Marlin Equity Partners
Deal Type Secondary Buyout
Advisor(s) UBS Investment Bank (Financial)
Latham & Watkins (Legal)

Target

Bazaarvoice

Austin, Texas, United States
Bazaarvoice is a social software and data analytics company, brings the voice of customers to the center of business strategy for more than 700 global clients like Best Buy, Costco, Dell, Macy's, P&G, Panasonic, QVC, and USAA. On a monthly basis, more than one-half billion consumers utilize the Bazaarvoice Network to view and share authentic consumer-generated content, including ratings and reviews, as well as curated visual content, across 5,000 brand and retail websites. This visibility into shopper behavior allows Bazaarvoice to capture unique first-party data and insights that enable its targeted advertising and personalization solutions. Bazaarvoice was founded in 2005 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 79 of 90
Sector (Software) 9 of 12
Type (Secondary Buyout) 28 of 32
State (Texas) 4 of 5
Country (United States) 68 of 77
Year (2021) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 CARET

San Diego, California, United States

CARET is a vertical SaaS provider for compliance-focused professional services markets. Our purpose-built cloud infrastructure puts customers’ business data and vital applications into a virtual workspace that is accessible anywhere, anytime and from any device, enabling small and midsize legal and accounting firms to grow an efficient, secure, client-focused practice. CARET was founded in 1983 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 House of Design

Nampa, Idaho, United States

House of Design is a provider of automated solutions for the building components and residential offsite construction industries. The Company designs and engineers robotic systems that increase component manufacturers production output and capacity while reducing the challenges of labor shortages. House of Design was founded in 2012 and is based in Nampa, Idaho.

Buy -

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.

DEAL STATS #
Overall 47 of 63
Sector (Software) 19 of 25
Type (Secondary Buyout) 8 of 11
State (Texas) 4 of 5
Country (United States) 37 of 46
Year (2021) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 DTC

Ashburn, Virginia, United States

DTC is an established technology provider for high bandwidth wireless communications with specialist capabilities in MIMO Mesh networks (next generation software-defined networks where multiple antennas stream data to and from devices across a network that is self-forming and self-healing). DTC was formed in 1979 and is based in Ashburn, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Logi Analytics

McLean, Virginia, United States

Logi Analytics is a provider of web-based business intelligence software. The company business intelligence software enables users to explore, visualize, analyze and share data insights. The platform helps organizations create web-based BI and analytic applications that can be integrated directly within their applications, systems and processes. Logi Analytics was founded in 2000 and is based in McLean, Virginia.

Sell -
Mergr

Product

Company

Legal