M&A Deal Summary

York Street Capital Partners and Silver Lake Acquire i2

On April 24, 2008, mezzanine finance firm York Street Capital Partners and private equity firm Silver Lake acquired software company i2 from ChoicePoint for 185M USD

Acquisition Highlights
  • This is York Street Capital Partners’ 1st and Silver Lake’s 5th transaction in the Software sector.
  • This is York Street Capital Partners’ 4th and Silver Lake’s 29th largest (disclosed) transaction.
  • This is York Street Capital Partners’ 1st and Silver Lake’s 1st transaction in the United Kingdom.
Investment Fate
  • i2 was sold to a publicly-traded strategic buyer in 2011.
  • i2 was divested to a consortium of strategic buyers in 2022.

M&A Deal Summary

Date 2008-04-24
Target i2
Sector Software
Buyer(s) York Street Capital Partners
Silver Lake
Sellers(s) ChoicePoint
Deal Type Divestiture
Deal Value 185M USD
Advisor(s) Bluestone Capital Partners LLC (Financial)

Target

i2

Oxfordshire, United Kingdom
i2 is a security intelligence analysis software that provides advanced analytics and intelligence analysis tools, such as the industry-leading i2 Analyst’s Notebook, which helps analysts transform data into decisions in near-real-time, uncover hidden connections with visual displays, and turn overwhelming and disparate data. i2 product portfolio including the i2 Analyst’s Notebook, i2 Enterprise Insight Analysis (EIA), and i2 iBase platforms. i2 was founded in 1990 and is based in Oxfordshire, United Kingdom.

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Buyer(S) 2

Buyer

York Street Capital Partners

Bedminster, New Jersey, United States

Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 559M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

York Street Capital Partners is an investment firm focused on providing mezzanine and equity capital to private equity sponsors. York Street looks to fund acquisitions, buyouts, growth capital, and recapitalizations of middle-market companies. Target sectors include consumer products and services, business services, manufacturing and industrial, aerospace, retail, restaurants, healthcare, transportation and logistics, food, and agriculture. York Street Capital Partners was formed in 2002 and is based in Bedminster, New Jersey.


DEAL STATS #
Overall 17 of 18
Sector (Software) 1 of 1
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2008) 3 of 4
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-14 International Fitness Holdings

Calgary, Alberta, Canada

International Fitness Holdings is a health club operator offering a variety of health-related services including flexible gym membership options, dynamic group exercise classes, personal training, and athletic therapy. International Fitness Holdings is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-02 Miller Heiman

Chicago, Illinois, United States

Miller Heiman is a sales performance training and consulting firm, serving clients in over 35 countries and working with some of the most respected companies in the world. Miller Heiman was formed in 1960 and is based in Chicago, Illinois.

Buy -
Buyer

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 26 of 135
Sector (Software) 5 of 27
Type (Divestiture) 3 of 8
Country (United Kingdom) 1 of 5
Year (2008) 3 of 3
Size (of disclosed) 29 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-17 AVI-SPL

Tampa, Florida, United States

AVI-SPL is an AV and VC solutions and services provider. The Company provides customers with design, engineering, procurement, integration and installation of AV and VC systems for corporate office space, control centers, educational facilities, convention centers and a variety of other end markets. Industry-leading services include on-site AV and VC systems support, maintenance support and managed software solutions. AVI-SPL was founded in 1979 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-08 Power-One

Camarillo, California, United States

Power-One designs and manufactures energy-efficient power conversion and power management solutions for alternative/renewable energy, routers, data storage and servers, wireless communications, optical networking, medical diagnostics, military, railway controls, semiconductor test equipment, and custom applications. Power-One, with headquarters in Camarillo, CA, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas.

Buy -

Seller(S) 1

SELLER

ChoicePoint

Alpharetta, Georgia, United States

Category Company
Sector Business Services
DESCRIPTION

ChoicePoint is a provider of information services for the insurance industry.


DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 1
Type (Divestiture) 2 of 3
Country (United Kingdom) 1 of 1
Year (2008) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-28 EquiSearch Services

Elmsford, New York, United States

EquiSearch Services, Inc provides lost account search services to transfer agents, custodians, banks, insurance companies and mutual funds.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-11 Bode Technology Group

Lorton, Virginia, United States

Bode Technology Group, Inc. is a provider of forensic DNA analysis, DNA collection products, and research services to law enforcement agencies, Federal and state governments, crime laboratories, and disaster management organizations in the United States and internationally.

Sell $13M