M&A Deal Summary |
|
|---|---|
| Date | 2023-10-31 |
| Target | Energy Exemplar |
| Sector | Software |
| Buyer(s) |
Vista Equity Partners
The Blackstone Group |
| Sellers(s) | The Riverside Company |
| Deal Type | Secondary Buyout |
| Advisor(s) | Lazard Ltd. (Financial) Jones Day Herbert Smith Freehills (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 100.0B USD |
| Size | Mega |
| Type | Sector Focused |
Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 142 of 149 |
| Sector (Software) | 58 of 59 |
| Type (Secondary Buyout) | 33 of 35 |
| Country (Australia) | 1 of 1 |
| Year (2023) | 8 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-23 |
EngageSmart
Braintree, Massachusetts, United States EngageSmart delivers SaaS platforms that drive customer engagement, operational efficiency, and convenient billing and digital payments across multiple vertical end markets. EngageSmart was founded in 2018 and is based in Braintree, Massachusetts. |
Buy | $4.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-13 |
Drift
Cambridge, Massachusetts, United States Drift is an internet communication platform that allows website visitors to engage with company websites easily. Its human-centric, AI-powered platform listens, understands, and learns from buyers to deliver personalized experiences and recommendations at every touchpoint. Drift was formed in 2014 and is headquartered in Cambridge, Massachusetts. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 315 of 337 |
| Sector (Software) | 10 of 12 |
| Type (Secondary Buyout) | 70 of 80 |
| Country (Australia) | 5 of 7 |
| Year (2023) | 3 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-12 |
New Tradition
New York, New York, United States New Tradition is an Out-Of-Home media company and an independent operator of large-format digital and static signage. With a focus on urban core environments, it provides advertising platforms for national brands and advertising agencies throughout the country. New Tradition is based in New York, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-22 |
Civica
London, United Kingdom Civica is a business-critical software and technology-based outsourcing services to both public sector organizations and to commercial organizations in highly regulated sectors. The Company has a highly diversified customer base, including local and central governments, healthcare providers, housing associations, schools, and police and fire services, serving 2,000 major customers in ten countries. Its software and services support functions ranging from financial management and tax & benefits processing to medical records management and are used by over two million professionals every day, streamlining the services provided to 100 million people and businesses. Civica was founded in 2002 and is based in London, United Kingdom. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 189 of 191 |
| Sector (Software) | 13 of 13 |
| Type (Secondary Buyout) | 76 of 77 |
| Country (Australia) | 6 of 6 |
| Year (2023) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-21 |
Baker Hill
Carmel, Indiana, United States Baker Hill is a provider of cloud-based, end-to-end loan origination, risk management, and analytics software that supports loan origination and loan portfolio management. Baker Hill was formed in 1983 and is based in Carmel, Indiana. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-11 |
E&A Scheer
Amsterdam, Netherlands E&A Scheer is a global blender and vendor of premium rum in bulk. E&A Scheer is based in Amsterdam, Netherlands. |
Sell | - |
