M&A Deal Summary |
|
|---|---|
| Date | 2006-12-12 |
| Target | Sabre |
| Sector | Software |
| Buyer(s) |
Silver Lake
TPG Trident Capital Stockwell Capital Adams Street Partners |
| Deal Type | Going Private |
| Deal Value | 5.0B USD |
| Advisor(s) | Goldman Sachs Morgan Stanley (Financial) Latham & Watkins (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 104.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 18 of 134 |
| Sector (Software) | 4 of 26 |
| Type (Going Private) | 5 of 16 |
| State (Texas) | 2 of 10 |
| Country (United States) | 14 of 93 |
| Year (2006) | 5 of 5 |
| Size (of disclosed) | 8 of 29 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-09-29 |
IPC Systems
Jersey City, New Jersey, United States IPC Systems is a global provider of mission-critical network services and trading communication technology to the financial markets community. IPC Systems was founded in 1973 and is based in Jersey City, New jersey. |
Buy | $800M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-05-01 |
UGS PLM Solutions SL
Dallas, Texas, United States UGS PLM Solutions, a leader in product data management, collaboration and product design software and services with 42,000 clients and more than 2.8 million seats of technology operating in the market, is the product lifecycle management (PLM) subsidiary of EDS. The company works collaboratively with its clients to create solutions enabling them to transform their process of innovation and thus begin to capture the promise of PLM. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 87 of 403 |
| Sector (Software) | 4 of 35 |
| Type (Going Private) | 11 of 35 |
| State (Texas) | 11 of 35 |
| Country (United States) | 62 of 270 |
| Year (2006) | 18 of 19 |
| Size (of disclosed) | 15 of 101 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-11-29 |
Intergraph
Madison, Alabama, United States Intergraph Corp. is a provider of spatial information management software and services. Security organizations, businesses, and governments use Intergraph's software to turn vast amounts of complex data into visual representations, allowing for faster, more effective operational decisions. Intergraph was formed in 1969 and is based in Mobile, Alabama. |
Buy | $1.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-12-19 |
Aleris International
Cleveland, Ohio, United States Aleris International is a producer of aluminum rolled products and extrusions, aluminum recycling and specification alloy production. Major customers include some of the world’s largest companies in the aerospace, building and construction, containers and packaging, metal distribution, and transportation industries. Aleris serves these customers with its low-cost, flexible, technically advanced and strategically located manufacturing operations supported by industry-leading research and development. |
Buy | $3.3B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 1.9B USD |
| Size | Large |
| Type | Sector Focused |
Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.
| DEAL STATS | # |
|---|---|
| Overall | 44 of 86 |
| Sector (Software) | 10 of 18 |
| Type (Going Private) | 2 of 2 |
| State (Texas) | 4 of 7 |
| Country (United States) | 40 of 77 |
| Year (2006) | 9 of 9 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-12-01 |
Neohapsis
Chicago, Illinois, United States Neohapsis, Inc. is a provider of mobile and cloud security services. Neohapsis provides risk management, compliance, cloud, application, mobile, and infrastructure security solutions to Fortune 500 customers |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-16 |
People Business Network
Jacksonville, Florida, United States People Business Network, Inc. (PBN), headquartered in Somerville, NJ operates in the workforce management space, specializing in Web-based Workforce Alignment solutions helping companies make the right decisions on whom to retain, whom to re-deploy and whom to separate. These solutions replace existing manual processes resulting in increased decision quality and assurance of regulatory compliance while significantly reducing administration, errors and decision time representing substantial return on investment. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 750M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Stockwell Capital is a co-investment firm, focused on making minority investments alongside private equity sponsors. Stockwell is a generalist investor, with no sector preferences and looks to commit $3 to $10 million per investment. The Firm will consider opportunities throughout the US and Europe and prefers late-stage or growth equity situations. Stockwell Capital was formed in 2002 and is based in Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 27 of 44 |
| Sector (Software) | 2 of 2 |
| Type (Going Private) | 5 of 12 |
| State (Texas) | 4 of 6 |
| Country (United States) | 19 of 35 |
| Year (2006) | 10 of 10 |
| Size (of disclosed) | 8 of 27 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-11-18 |
David s Bridal
Conshohocken, Pennsylvania, United States David’s Bridal is a retailer of bridal gowns and bridal-party related merchandise through its David’s Bridal stores and Priscilla of Boston stores. David’s Bridal stores provide an assortment of designer wedding gowns, special occasion dresses and accessories at affordable prices. Known for value, fashionable designs and the ease of one-stop shopping, David’s Bridal designs, produces and sells a wide selection of styles and sizes through a network of over 300 US and 5 Canadian stores. David's Bridal is based in Conshohocken, Pennsylvania. |
Buy | $750M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-03-27 |
Univision
New York, New York, United States Univision entertains, informs, and empowers U.S. Hispanics with news, sports, and entertainment content across broadcast and cable television, audio, and digital platforms. The company’s top-rated media portfolio includes the Univision and UniMás broadcast networks, as well as cable networks Galavisión and TUDN, the No. 1 Spanish-language sports network in the country. Locally, Univision owns or operates 65 television stations in major U.S. Hispanic markets and Puerto Rico. Additionally, Uforia, the Home of Latin Music, encompasses 58 owned or operated radio stations, plus 89 affiliates, a live event series, and a robust digital audio footprint. Univision was formed in 1992 and is based in New York, New York. |
Buy | $13.7B |
| Category | Asset Manager |
|---|---|
| Founded | 1972 |
| PE ASSETS | 26.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 34 of 147 |
| Sector (Software) | 4 of 30 |
| Type (Going Private) | 1 of 2 |
| State (Texas) | 2 of 11 |
| Country (United States) | 30 of 135 |
| Year (2006) | 11 of 12 |
| Size (of disclosed) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-12-08 |
MachineryLink
Kansas City, Missouri, United States MachineryLink is a Asset & logistics management company leasing agricultural equipment to farmers. MachineryLink is a provider of combine leasing products to producers throughout North America. MachineryLink was founded in 2000 and is based in Kansas City, Missouri. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-12-13 |
Setanta
Dublin, Ireland Setanta Ltd. is an international sports broadcaster. |
Buy | - |
