M&A Deal Summary

Vector Capital Acquires Triton Digital

On March 16, 2015, private equity firm Vector Capital acquired internet software and services company Triton Digital from Oaktree Capital Management

Acquisition Highlights
  • This is Vector Capital’s 4th transaction in the Internet Software and Services sector.
  • This is Vector Capital’s 23rd transaction in the United States.
  • This is Vector Capital’s 9th transaction in California.
Investment Fate
  • Triton Digital was sold to a publicly-traded strategic buyer in 2018 for 185M USD.
  • Triton Digital was divested to a consortium of strategic buyers in 2018 for 150M USD.
  • Triton Digital was divested to a consortium of strategic buyers in 2021 for 230M USD.

M&A Deal Summary

Date 2015-03-16
Target Triton Digital
Sector Internet Software and Services
Buyer(s) Vector Capital
Sellers(s) Oaktree Capital Management
Deal Type Secondary Buyout
Advisor(s) Macquarie Capital (Financial)

Target

Triton Digital

Sherman Oaks, California, United States
Triton Digital LLC is an end-to-end software vendor to the digital audio marketplace, enabling audio streaming, advertising, audience measurement, and online presence to audio publishers. and Triton Digital provides services in over 40 countries, the Directors believe Triton to be one of the largest technology and service providers to the online audio industry. Triton Digital was founded in 2006 and is based in Sherman Oaks, California.

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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 27 of 52
Sector: Internet Software and Services M&A 4 of 14
Type: Secondary Buyout M&A Deals 2 of 9
State: California M&A 9 of 16
Country: United States M&A 23 of 43
Year: 2015 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Tidel

Carrollton, Texas, United States

Tidel is a provider of cash management solutions that empower retail institutions across the globe to better manage their daily cash operations, reduce risk, and increase profits. Customers rely on Tidel to provide reliable solutions that help secure, optimize, and streamline their cash environment. Tidel is based in Carrollton, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Saba Software

Redwood Shores, California, United States

Saba Software is a cloud-based intelligent talent management solution used by organizations worldwide to hire, develop, engage and inspire their people. Saba Software was founded in 1997 and is based in Redwood Shores, California.

Buy $400M

Seller(S) 1

SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 41 of 90
Sector: Internet Software and Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 8 of 27
State: California M&A 7 of 12
Country: United States M&A 32 of 59
Year: 2015 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Marlin Brands

Cremorne, Australia

Marlin Brands offers a portfolio of durable consumer brand companies focused on the living, gifting and convenience sectors. Marlin Brands was founded in 2015 and is based in Cremorne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Ainscough

Standish, United Kingdom

Ainscough is a provider of cranes for hire to the petrochemical, energy, infrastructure, and construction industries. Ainscough was founded in 1976 and is based in Standish, United Kingdom.

Buy -