M&A Deal Summary |
|
|---|---|
| Date | 2023-10-31 |
| Target | Energy Exemplar |
| Sector | Software |
| Buyer(s) |
Vista Equity Partners
The Blackstone Group |
| Sellers(s) | Riverside |
| Deal Type | Secondary Buyout |
| Advisor(s) | Lazard (Financial) Jones Day Herbert Smith Freehills (Legal) |
SEARCH BY
| 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 153 |
| Sector: Software M&A | 57 of 61 |
| Type: Secondary Buyout M&A Deals | 33 of 39 |
| Country: Australia M&A | 1 of 1 |
| Year: 2023 M&A | 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 | 394.0B 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 | 320 of 362 |
| Sector: Software M&A | 11 of 15 |
| Type: Secondary Buyout M&A Deals | 71 of 90 |
| Country: Australia M&A | 5 of 7 |
| Year: 2023 M&A | 5 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-06 |
Lazeo
Paris, Italy Lazeo is a provider of non-invasive aesthetic medicine services including laser hair removal, injectables, body contouring, and medical-grade facials. Lazeo was founded in 2009 and is based in Paris, Italy. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-21 |
Adevinta
Amsterdam, Netherlands Adevinta is a marketplace specialist that helps local digital marketplaces thrive through global connections and networks of knowledge. The company's marketplaces unlock the full value in every person, place, and thing – helping local communities prosper and leaving a positive footprint on the world. It serves people where they live, acknowledging what’s special about every culture and every place. Adevinta was founded in 2018 and is based in Amsterdam, Netherlands. |
Buy | Nkr14.0B |
| 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 | 192 of 207 |
| Sector: Software M&A | 14 of 16 |
| Type: Secondary Buyout M&A Deals | 76 of 83 |
| Country: Australia M&A | 6 of 6 |
| Year: 2023 M&A | 8 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-11 |
Guestline
Shrewsbury, United Kingdom Guestline is a provider of software for the hospitality sector. Guestline serves a broad customer base of independent hotels, hotel chains, pub companies and serviced apartments; delivering proprietary hospitality software solutions via the cloud. Guestline’s services essentially pay for themselves by driving up occupancy, average room rate and yield. Guestline is based in Shrewsbury, United Kingdom. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-01 |
AdhereHealth
Nashville, Tennessee, United States AdhereHealth is a technology solutions leader supporting health plans, self-insured employers and other risk-bearing entities for medication adherence insights and healthcare outcomes. AdhereHealth’s subsidiary company, AdhereRx, is a free concierge pharmacy for consumers with low-income subsidies and social determinants of health. AdhereRx coordinates complex medication regimens, has 24/7 access to pharmacy clinicians, delivers prescriptions via a private courier service, and can take cash on delivery at the consumer’s home. AdhereHealth was founded in 2006 and is based in Franklin, Tennessee. |
Sell | - |
