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  6. Vector Capital and Monroe Capital Acquire MarkLogic

M&A Deal Summary

Vector Capital and Monroe Capital Acquire MarkLogic

On November 23, 2021, private equity firm Vector Capital and lender Monroe Capital acquired software company MarkLogic

Acquisition Highlights
  • This is Vector Capital’s 14th and Monroe Capital’s 3rd transaction in the Software sector.
  • This is Vector Capital’s 37th and Monroe Capital’s 90th transaction in the United States.
  • This is Vector Capital’s 13th and Monroe Capital’s 15th transaction in California.
Investment Fate
  • MarkLogic was sold to a publicly-traded strategic buyer in 2023 for 355M USD.

M&A Deal Summary
Date 2021-11-23
Target MarkLogic
Sector Software
Buyer(s) Vector Capital
Monroe Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Cowen (Financial)
Cooley (Legal)

Target

MarkLogic

Redwood City, California, United States
MarkLogic is a provider of enterprise data integration and data management solutions. MarkLogic’s technology simplifies the integration of enterprise data across silos to provide immediate business value. MarkLogic Data Hub Service is a fully managed cloud data platform that is able to reliably assemble raw data, index it in real-time for powerful semantic search, and provide the ability to securely run operational and analytical applications at scale. MarkLogic was founded in 2001 and is based in Redwood City, California.

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Buyer(S) 2

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 45 of 52
Sector: Software M&A 14 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 9
State: California M&A 13 of 16
Country: United States M&A 37 of 43
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 Cheetah Digital

Chicago, Illinois, United States

Cheetah Digital is an enterprise cross-channel marketing software company. Cheetah Digital Marketing Suite combines superior data management capabilities and cross-channel execution with in-house professional services expertise and dedicated support to help brands execute complex marketing programs at scale and achieve profitable brand outcomes. Cheetah Digital was founded in 1998 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 WatchGuard

Seattle, Washington, United States

WatchGuard provides network security. The company’s Firebox X family of upgradeable appliances delivers the performance, functionality and security strength to meet the needs of small and medium sized organizations. All WatchGuard products include a LiveSecurity Service subscription for vulnerability alerts, software updates, expert security instruction, as well as individualized and self-help customer care. WatchGuard was founded in 1996 and is based in Seattle, Washington.

Sell -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.

DEAL STATS #
Overall 90 of 135
Sector: Software M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 25 of 39
State: California M&A 15 of 20
Country: United States M&A 90 of 134
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Liberty Safe

Payson, Utah, United States

Liberty Safe is a provider of full-size residential safes in the U.S. The company offers the broadest line of home, gun, office, and commercial safes available from any one company. The company's products are offered under three popular brands–Liberty, National Security, and Centurion. Liberty Safe was established in 1988 and is based in Payson, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Lake Shore Systems

Kingsford, Michigan, United States

Lake Shore Systems is a designer, engineer, manufacturer, and supporter of complex, heavy equipment systems to meet mission-critical requirements in harsh operating environments, including large deck handling equipment, access and lifting systems for U.S. Government vessels and customized underground mining equipment for mine owners and operators around the world. Lake Shore Systems was founded in 1858 and is based in Kingsford, Michigan.

Sell -
Mergr

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