M&A Deal Summary |
|
|---|---|
| Date | 2007-03-06 |
| Target | SafeNet |
| Sector | Information Technology |
| Buyer(s) |
Vector Capital
HarbourVest Partners Valhalla Partners |
| Deal Type | Going Private |
| Deal Value | 634M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Focused |
Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 48 |
| Sector (Information Technology) | 2 of 9 |
| Type (Going Private) | 5 of 15 |
| State (Maryland) | 1 of 1 |
| Country (United States) | 9 of 40 |
| Year (2007) | 1 of 2 |
| Size (of disclosed) | 6 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-10-15 |
Open Solutions
Glastonbury, Connecticut, United States Open Solutions LLC is a provider of software and software-enabled outsourcing solutions to banks, thrifts and credit unions. |
Buy | $1.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-02 |
Printronix
Irvine, California, United States Printronix is a manufacturer of line matrix printers. Printronix business services a diverse group of customers that operate across healthcare, food and beverage, manufacturing and logistics, and other sectors. Printronix was founded in 1974 and is based in Irvine, California. |
Buy | $108M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 46 of 223 |
| Sector (Information Technology) | 6 of 25 |
| Type (Going Private) | 6 of 27 |
| State (Maryland) | 1 of 5 |
| Country (United States) | 28 of 134 |
| Year (2007) | 3 of 19 |
| Size (of disclosed) | 46 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-02-20 |
Acision
Reading, United Kingdom Acision Ltd. is a provider of converged mobile messaging solutions for text and multimedia messaging for 300 customers, who serve over 1 billion consumers worldwide. They also provide voice and video mail services and are a leading provider of intelligent payment solutions for both pre- and post-paid users, and innovative products for content and media and customer intelligence management that offers real-time analysis of customer behaviour. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-03-09 |
The Sun Products
Wilton, Connecticut, United States The Sun Products Corp. is a manufacturer and marketer of fabric care and household products. |
Buy | - |
| Category | Venture Capital Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 440M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Valhalla Partners is a private equity and venture capital firm focused primarily on providing capital to technology companies in the Mid-Atlantic US. Valhalla will invest at all company stages, including early-stage needs as well as more mature company situations such as divestitures. Sub-sectors of tech Valhalla will consider include software, internet, digital media, mobile, and data storage. Valhalla Partners was formed in 2002 and is based in Vienna, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 41 |
| Sector (Information Technology) | 4 of 10 |
| Type (Going Private) | 3 of 3 |
| State (Maryland) | 2 of 4 |
| Country (United States) | 16 of 41 |
| Year (2007) | 3 of 4 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-01 |
Nirvanix
San Diego, California, United States Nirvanix is the leading provider of enterprise-class cloud storage services designed specifically for customers with expectations of extreme security, reliability and redundancy. Under its CloudComplete™ portfolio, Nirvanix is the only company that offers fully managed public, hybrid and private cloud storage services with usage-based pricing. The company's battle-hardened, proven second generation technology is utilized by leading IT OEMs and is fully integrated with third-party backup and archiving software products and appliances, enabling One Click to the Cloud™. Nirvanix has global customers accessing its Cloud Storage Network™, from SMBs to Fortune 500 companies. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-06-15 |
Mobius Management Systems
Rye, New York, United States Software for document-centric e-business applications. |
Sell | $210M |
