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M&A Deal Summary

Vector Capital Acquires 2020

On July 30, 2012, private equity firm Vector Capital acquired software company 2020 for 77M USD

Acquisition Highlights
  • This is Vector Capital’s 9th transaction in the Software sector.
  • This is Vector Capital’s 18th largest (disclosed) transaction.
  • This is Vector Capital’s 2nd transaction in Canada.
  • This is Vector Capital’s 1st transaction in Quebec.
Investment Fate
  • 2020 was sold to a consortium of financial buyers in 2017.
  • 2020 was sold to a consortium of financial buyers in 2021.
  • 2020 merged with another company in 2021.

M&A Deal Summary
Date 2012-07-30
Target 2020
Sector Software
Buyer(s) Vector Capital
Deal Type Going Private
Deal Value 77M USD
Advisor(s) TD Securities (Financial)
Stikeman Elliott (Legal)

Target

2020

Laval, Quebec, Canada
2020 is a provider of computer-aided design, business and manufacturing software tailored for the interior design and furniture industries. The company has developed an unmatched depth of knowledge of interior design and space planning to maintain an unbroken history of the market and thought leadership. Its customers include many of the world’s largest home improvement retailers and manufacturers, as well as tens of thousands of local, independent kitchen and bathroom dealers. 2020 was founded in 1987 and is based in Laval, Quebec.

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Buyer(S) 1

Buyer

Vector Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

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 22 of 52
Sector: Software M&A 9 of 16
Type: Going Private M&A Deals 11 of 16
State: Quebec M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2012 M&A 3 of 3
Size (of disclosed) 18 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-21 Vantiva

Paris, France

Vantiva is a provider in digital media technology. Vantiva provides movie film processor, servicing all segments of the motion picture and television industries. Vantiva was founded in 1985 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-14 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.

Sell $1.0B
Mergr

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Company

Legal