Investment Summary

TPG, Insight Partners, Temasek Holdings and Sixth Street Partners Invest In Kaseya

On June 25, 2013, private equity firm TPG, venture capital firm Insight Partners, sovereign wealth fund Temasek Holdings and asset manager Sixth Street Partners invested in information technology company Kaseya

Investment Highlights
  • This is TPG’s 9th, Insight Partners’ 1st, Temasek Holdings’ 2nd and Sixth Street Partners’ 1st transaction in the Information Technology sector.
  • This is TPG’s 145th, Insight Partners’ 11th, Temasek Holdings’ 5th and Sixth Street Partners’ 1st transaction in the United States.
  • This is TPG’s 6th, Insight Partners’ 4th, Temasek Holdings’ 1st and Sixth Street Partners’ 1st transaction in Florida.

Investment Summary

Date 2013-06-25
Target Kaseya
Sector Information Technology
Investor(s) TPG
Insight Partners
Temasek Holdings
Sixth Street Partners
Deal Type Growth Capital
Advisor(s) Evercore Group (Financial)

Target

Kaseya

Miami, Florida, United States
Kaseya is an infrastructure software company that provides comprehensive IT management solutions for small and medium-sized businesses. Kaseya was founded in 2000 and is based in Miami, Florida.

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Investor(S) 4

Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 212 of 451
Sector: Information Technology M&A 9 of 29
Type: Growth Capital M&A Deals 24 of 74
State: Florida M&A 6 of 13
Country: United States M&A 145 of 298
Year: 2013 M&A 14 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 HotSchedules

Austin, Texas, United States

HotSchedules provides state-of-the-art technology, services and user experiences for the restaurant, retail and hospitality verticals. Over 30,000 customers across 170,000+ locations globally – from large international chains to independent and emerging concepts – rely on HotSchedules’ software and solutions to help them control costs, maintain compliance, improve visibility, increase profitability and drive operational consistency. HotSchedules was founded in 1999 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-26 Rapid Micro Biosystems

Lowell, Massachusetts, United States

Rapid Micro Biosystems is a life sciences technology company providing mission-critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products such as biologics, vaccines, cell and gene therapies, and sterile injectables. Rapid Micro Biosystems was founded in 2006 and is based in Lowell, Massachusetts.

Buy -
Investor

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 13 of 99
Sector: Information Technology M&A 1 of 18
Type: Growth Capital M&A Deals 5 of 28
State: Florida M&A 4 of 9
Country: United States M&A 11 of 79
Year: 2013 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-19 Acuant

Los Angeles, California, United States

Acuant is a provider of identity verification solutions including a digital identity orchestration layer, ID document, and chip authentication, bio-metric, and data capture solutions. Acuant was founded in 1999 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-22 Anaqua

Boston, Massachusetts, United States

Anaqua is a provider of integrated, end-to-end innovation and intellectual property management software (IPMS) solutions. Anaqua was founded in 2004 and is based in Boston, Massachusetts.

Buy -
Investor

Temasek Holdings

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1974
PE ASSETS 434.0B SGD
Size Mega
Type Sector Agnostic
DESCRIPTION

Temasek Holdings is a state-owned investment holding company. Temasek is owned by the government of Singapore and invests directly and indirectly in a broad range of assets and sectors. Target sectors include financial services, telecommunications, media, technology, transportation, industrials, life science, consumer, real estate, energy, and resources. Temasek was formed in 1974 and is based in Singapore.


DEAL STATS #
Overall 11 of 50
Sector: Information Technology M&A 2 of 6
Type: Growth Capital M&A Deals 3 of 8
State: Florida M&A 1 of 1
Country: United States M&A 5 of 15
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Axis Bank

Mumbai, India

Axis Bank provides internet and personal banking services including accounts, cards, loans, and investment options to personals, corporates, and NRIs. Axis Bank was founded in 1993 and is based in Mumbai, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-21 A.S. Watson

Hong Kong, China

A.S. Watson is an operator of retail chains specializing in health, beauty, and lifestyle products. A.S. Watson is based in Hong Kong, China.

Buy -
Investor

Sixth Street Partners


Category Asset Manager
Founded 2009
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sixth Street is a global alternative asset manager and lender that offers a wide range of capital solutions to small, medium, and large companies. The Firm maintains a variety of investment vehicles focused on growth companies, infrastructure, insurance, agriculture as well as other strategies. Sixth Street was established in 2009 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 1 of 28
Sector: Information Technology M&A 1 of 5
Type: Growth Capital M&A Deals 1 of 8
State: Florida M&A 1 of 2
Country: United States M&A 1 of 25
Year: 2013 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Chobani

New Berlin, New York, United States

Chobani is a provider of yogurt, oatmilk, and dairy and non-dairy creamers. Chobani was founded in 2005 and is based in New Berlin, New York.

Buy -