M&A Deal Summary

Vista Equity Partners, Warburg Pincus and Ardian Acquire Infoblox

On September 19, 2016, private equity firms Vista Equity Partners, Warburg Pincus and Ardian acquired information technology company Infoblox for 1.6B USD

Acquisition Highlights
  • This is Vista Equity Partners’ 9th, Warburg Pincus’ 16th and Ardian’s 14th transaction in the Information Technology sector.
  • This is Vista Equity Partners’ 16th, Warburg Pincus’ 13th and Ardian’s 28th largest (disclosed) transaction.
  • This is Vista Equity Partners’ 64th, Warburg Pincus’ 162nd and Ardian’s 35th transaction in the United States.
  • This is Vista Equity Partners’ 7th, Warburg Pincus’ 36th and Ardian’s 4th transaction in California.

M&A Deal Summary

Date 2016-09-19
Target Infoblox
Sector Information Technology
Buyer(s) Vista Equity Partners
Warburg Pincus
Ardian
Deal Type Going Private
Deal Value 1.6B USD
Advisor(s) Morgan Stanley
Qatalyst Partners (Financial)
Fenwick & West (Legal)

Target

Infoblox

Santa Clara, California, United States
Infoblox is a provider of critical network services that protect the Domain Name System (DNS) infrastructure, automate cloud deployments, and increase the reliability of enterprise and service provider networks around the world. Infoblox was founded in 1999 and is based in Santa Clara, California.

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Buyer(S) 3

Buyer

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

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 71 of 149
Sector (Information Technology) 9 of 22
Type (Going Private) 13 of 25
State (California) 7 of 17
Country (United States) 64 of 137
Year (2016) 12 of 13
Size (of disclosed) 16 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Regulatory DataCorp.

King of Prussia, Pennsylvania, United States

Regulatory DataCorp is a diligence technology company involved in providing Anti-Money Laundering, Know Your Customer, Anti-Bribery & Corruption solutions. RDC integrates the industry’s largest financial crime diligence database into an agile SaaS technology platform that minimizes the number of false positives, provides accurate alerts, and protects its clients from regulatory risks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Lanyon

Irving, Texas, United States

Lanyon is a provider of content and spend management solutions to the travel, transportation and hospitality industries.

Sell -
Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 316 of 482
Sector (Information Technology) 16 of 44
Type (Going Private) 7 of 11
State (California) 36 of 46
Country (United States) 162 of 237
Year (2016) 25 of 32
Size (of disclosed) 13 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-08 OfferUp

Bellevue, Washington, United States

OfferUp is a mobile marketplace for local buyers and sellers in the country. The company offers free iOS and Android apps that make selling an item as easy as snapping a picture from your mobile device. OfferUp was founded in 2011 and is based in Bellevue, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-20 Polyplus

Illkirch, France

Polyplus is a biotechnology company that supports Gene and Cell therapy, biologics manufacturing, and life science research with innovative nucleic acid transfection solutions. Polyplus was founded in 2001 and is based in Illkirch, France.

Buy -
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 278 of 418
Sector (Information Technology) 14 of 24
Type (Going Private) 10 of 15
State (California) 4 of 6
Country (United States) 35 of 59
Year (2016) 26 of 32
Size (of disclosed) 28 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Lagarrigue

Toulouse, France

Lagarrigue is a designer and distributor of prosthetic and orthotic devices. Lagarrigue was established in 1976 and is headquartered in Toulouse, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-07 Albert Weber

Markdorf, Germany

Albert Weber is a technological provider of the global vehicle supply industry. Albert Weber produces drive components for passenger cars, heavy trucks, and power sport vehicles. Albert Weber was founded in 1969 and is based in Markdorf, Germany.

Buy -