M&A Deal Summary |
|
|---|---|
| Date | 2016-03-08 |
| Target | Quickbase |
| Sector | Internet Software and Services |
| Buyer(s) |
Welsh Carson Anderson & Stowe
Vista Equity Partners Golub Capital |
| Sellers(s) | Intuit |
| Deal Type | Divestiture |
| Advisor(s) | Rothschild Global Advisory (Financial) Kirkland & Ellis (Legal) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1979 |
| PE ASSETS | 31.0B USD |
| Size | Mega |
| Type | Sector Focused |
Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 76 of 104 |
| Sector: Internet Software and Services M&A | 3 of 6 |
| Type: Divestiture M&A Deals | 4 of 4 |
| State: Massachusetts M&A | 1 of 2 |
| Country: United States M&A | 73 of 99 |
| Year: 2016 M&A | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-18 |
Lytx
San Diego, California, United States Lytx is a provider of all-in-one video telematics, analytics, safety, and productivity solutions for commercial, public sector, and field services fleets. Lytx customizable services and programs span driver safety, risk detection, fleet tracking, compliance, and fuel management. Lytx was founded in 1998 and is based in San Diego, California. |
Sell | $500M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-16 |
InnovAge
Denver, Colorado, United States InnovAge provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities through the Program of All-inclusive Care for the Elderly (PACE). InnovAge is dedicated to expanding this successful program to serve as many seniors as possible across the country. InnovAge was formed in 1990 and is based in Denver, Colorado. |
Buy | - |
| 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 | 62 of 153 |
| Sector: Internet Software and Services M&A | 15 of 51 |
| Type: Divestiture M&A Deals | 10 of 12 |
| State: Massachusetts M&A | 3 of 17 |
| Country: United States M&A | 57 of 141 |
| Year: 2016 M&A | 3 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-26 |
TransFirst
Hauppauge, New York, United States TransFirst LLC is a provider of secure transaction processing services and payment enabling technologies. |
Sell | $2.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-18 |
Cvent
Tysons, Virginia, United States Cvent is a meeting, events, and hospitality technology provider that delivers a comprehensive event marketing and management platform and offers a global marketplace where event professionals collaborate with venues to create engaging impactful experiences. The Company's suite of products automates and simplifies the event management lifecycle and maximizes the impact of in-person, virtual, and hybrid events. Hotels and venues use Cvent’s supplier and venue solutions to win more group and corporate travel business through Cvent’s sourcing platforms. Its solutions optimize the event management value chain and have enabled clients around the world to manage millions of meetings and events. Cvent was formed in 1999 and is based in Tysons, Virginia. |
Buy | $1.7B |
| Category | Lender |
|---|---|
| Founded | 1994 |
| PE ASSETS | 75.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Golub Capital is a private investment firm focused on making debt and equity investments in US based middle-market companies. Golub looks to invest between $5 and $75 million in businesses with established operating cash flow, strong customer relationships, and 'sustainable proprietary positions in their markets'. Prospective investment structures include refinancings, recapitalizations, buyouts, and growth financings. Sectors of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub Capital was formed in 1994 and maintains offices in New York City, Atlanta, and Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 45 of 69 |
| Sector: Internet Software and Services M&A | 3 of 4 |
| Type: Divestiture M&A Deals | 2 of 2 |
| State: Massachusetts M&A | 3 of 3 |
| Country: United States M&A | 45 of 66 |
| Year: 2016 M&A | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-01 |
Groundworks
Virginia Beach, Virginia, United States Groundworks is a vertically integrated foundation services company that serves primarily the single-family residential market, providing a critical suite of services to homeowners that preserve home value, integrity, and safety, including foundation repair, basement waterproofing, crawl space repair and encapsulation, and concrete lifting. Groundworks was founded in 2016 and is based in Virginia Beach, Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-14 |
Feeders Supply
Louisville, Kentucky, United States Feeders Supply is an operator of 16 retail locations primarily in the Louisville metropolitan area. The company is focused on providing “everything you need for all the pets you feed” and offers a broad selection of premium pet food brands and products. Feeders Supply was founded in 1959 and is headquartered in Louisville, Kentucky. |
Buy | - |
Intuit is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company's flagship products and services help customers solve business and financial management problems, such as running a small business, paying bills, filing income taxes, or managing personal finances. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Intuit's products and services are available in the United States, Canada, the United Kingdom, Australia, India and Singapore. Intuit was formed in 1983 and is based in Mountain View, California.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 12 |
| Sector: Internet Software and Services M&A | 4 of 4 |
| Type: Divestiture M&A Deals | 8 of 10 |
| State: Massachusetts M&A | 1 of 1 |
| Country: United States M&A | 10 of 12 |
| Year: 2016 M&A | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-04 |
Quicken
Menlo Park, California, United States Quicken provides personal money management software. Quicken remains committed to helping individuals and families improve their financial lives. The Quicken product line includes solutions for Mac and Windows users, as well as a mobile app to give consumers anytime, anywhere access to their finances. Quicken was founded in 1983 and is based in Menlo Park, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-26 |
Exactor
Bala Cynwyd, Pennsylvania, United States Exactor, Inc. is a cloud based SaaS technology provider of sales and use tax calculation and filing. Exactor, Inc. was founded in 2003 and is based in Bala Cynwyd, Pennsylvania. |
Buy | - |
