M&A Deal Summary |
|
|---|---|
| Date | 2020-02-20 |
| Target | The Ultimate Software Group |
| Sector | Internet Software and Services |
| Buyer(s) | UKG |
| Sellers(s) |
Hellman & Friedman
The Blackstone Group JMI Equity GIC |
| Deal Type | Merger |
| Advisor(s) | Goldman Sachs (Financial) |
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| Category | Company |
|---|---|
| Founded | 1977 |
| Sector | Internet Software and Services |
UKG is a provider of cloud-based workforce management solutions. Company solutions, which include time and labor, scheduling, talent management, human resources, payroll, absence management, labor activity tracking, data collection, self-service and workforce analytics are designed for a wide range of businesses and organizations from single-site to large multi-site enterprises. UKG was founded in 1977 and is based in Lowell, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 25 |
| Sector (Internet Software and Services) | 3 of 6 |
| Type (Merger) | 1 of 1 |
| State (Florida) | 3 of 3 |
| Country (United States) | 15 of 19 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-02 |
Optimum Solutions
Nashville, Tennessee, United States Optimum Solutions, Inc. is a provider of human capital management (HCM) services and solutions to more than 600 organizations. Optimum provides web-enabled in house software for both Windows and IBM i (AS/400, iSeries, and System i) as well as a cloud-based SaaS solution. Optimum Solutions, Inc. was founded in 1987 and is based in Nashville, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-01 |
EverythingBenefits
New Providence, New Jersey, United States EverythingBenefits is a provider of end-to-end benefits technology solutions. EverythingBenefits helps HCM providers (including UKG), benefits brokers, and payroll service bureaus streamline data connectivity between businesses and insurance and retirement plan providers. EverythingBenefits was founded in 2015 and is based in New Providence, New Jersey. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 50.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.
| DEAL STATS | # |
|---|---|
| Overall | 50 of 59 |
| Sector (Internet Software and Services) | 4 of 6 |
| Type (Merger) | 4 of 6 |
| State (Florida) | 3 of 3 |
| Country (United States) | 36 of 43 |
| Year (2020) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-27 |
PPD
Wilmington, North Carolina, United States PPD is a global contract research organization providing drug discovery, development, and lifecycle management services. Its clients and partners primarily include pharmaceutical and biotechnology companies, in addition to medical device companies, academic institutions, and government organizations. With offices in 44 countries and more than 11,000 professionals worldwide, PPDI applies innovative technologies, therapeutic expertise, and a commitment to quality to help clients and partners accelerate the delivery of safe and effective therapeutics and maximize the returns on their R&D investments. PPD was founded in 1985 and is based in Wilmington, North Carolina. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-16 |
Checkmarx
Ramat Gan, Israel Checkmarx is a provider of Application Security Testing (AST) software that helps developers identify and address critical vulnerabilities in an application’s code. Checkmarx was founded in 2006 and is based in Ramat Gan, Israel. |
Buy | $1.2B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 138 of 173 |
| Sector (Internet Software and Services) | 2 of 4 |
| Type (Merger) | 5 of 9 |
| State (Florida) | 6 of 6 |
| Country (United States) | 85 of 105 |
| Year (2020) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-06 |
Market Data Insights
New York, New York, United States Market Data Insights LLC delivers expert-based market data management solutions to financial services firms. Market Data Insights was formed in 2014 and is based in New York, New York. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-25 |
NIBC
The Hague, Netherlands NIBC is a Dutch merchant bank that offers integrated solutions to mid-cap clients in the Benelux region and in Germany. The bank operates through corporate client offering, retail client offering, and treasury and group functions segments. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 7.5B USD |
| Size | Mega |
| Type | Sector Focused |
JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.
| DEAL STATS | # |
|---|---|
| Overall | 96 of 106 |
| Sector (Internet Software and Services) | 18 of 22 |
| Type (Merger) | 3 of 6 |
| State (Florida) | 4 of 4 |
| Country (United States) | 87 of 94 |
| Year (2020) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-18 |
The Search Agency
Los Angeles, California, United States The Search Agency is an online marketing firm specializing in search engine marketing (SEM) and search engine optimization (SEO). The Search Agency was founded in 2002 and is based in Los Angeles, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-05 |
CoreHR
Cork, Ireland CoreHR manages all strategic and transactional HR and Payroll processes with highly intuitive and easy to use solutions that streamline processes, improve operational efficiencies and reduce costs. |
Sell | - |
GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 11 |
| Sector (Internet Software and Services) | 2 of 2 |
| Type (Merger) | 2 of 2 |
| State (Florida) | 1 of 1 |
| Country (United States) | 2 of 4 |
| Year (2020) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-08 |
Metro Pacific Health
Pasig City, Philippines Metro Pacific Health is an operator of private hospitals and healthcare network in terms of authorized bed capacity and revenue, with interests in 14 hospitals nationwide, including eight hospitals in Metro Manila. Metro Pacific Health also has interests in eight primary care clinics and eight cancer care centers, among other investments in allied healthcare services. Metro Pacific Health is based in Pasig City, Philippines. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-05 |
Ancestry
Provo, Utah, United States Ancestry.com is a provider of family history and consumer genomics information, and helps people gain a new level of understanding about their lives. The Company's suite of history products include Archives, Fold3, Newspapers.com, AncestryDNA, and AncestryHealth. Ancestry.com was formed in 1990 and is based in Provo, Utah. |
Sell | $4.7B |
