M&A Deal Summary

Vector Capital Acquires ChyronHego

On November 17, 2014, private equity firm Vector Capital acquired information technology company ChyronHego for 120M USD

Acquisition Highlights
  • This is Vector Capital’s 5th transaction in the Information Technology sector.
  • This is Vector Capital’s 15th largest (disclosed) transaction.
  • This is Vector Capital’s 22nd transaction in the United States.
  • This is Vector Capital’s 2nd transaction in New York.

M&A Deal Summary

Date 2014-11-17
Target ChyronHego
Sector Information Technology
Buyer(s) Vector Capital
Deal Type Going Private
Deal Value 120M USD
Advisor(s) Kroll (Financial)
Mintz Levin Cohn Ferris Glovsky and Popeo PC (Legal)

Target

ChyronHego

Melville, New York, United States
ChyronHego provides graphics products and services for the creation and enhancement of live television production. Its customers include foremost broadcast, cable, satellite, and post-production facilities in most major television markets worldwide. ChyronHego was founded in 1966 and is based in Melville, New York.

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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 26 of 49
Sector (Information Technology) 5 of 10
Type (Going Private) 12 of 16
State (New York) 2 of 3
Country (United States) 22 of 41
Year (2014) 4 of 4
Size (of disclosed) 15 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-24 Allegro Development

Dallas, Texas, United States

Allegro Development is a provider of comprehensive energy trading and risk management software to customers in the exploration and production, refining and marketing, utilities and trading markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 SafeNet

Belcamp, Maryland, United States

SafeNet is a digital information security company. SafeNet protect, control the access to, and manage most sensitive data and high value software applications.

Sell $890M