Vector Capital Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Vector Capital has acquired 6 companies. It has also invested in 3 others.

Vector Capital’s most common sectors for investment are software (40%) and information technology (19%). The Firm’s most common investment types include going private (33%) and buyout (lbo, mbo, mbi) (19%). In total, Vector Capital has invested in 14 US states and 7 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired Sizmek for $1.6B.

In the last 3 years, Vector Capital has exited 6 companies. The Firm’s most common exit type is trade sale (64%). Vector Capital’s largest (disclosed) exit occurred in 2020 when it sold Saba Software for $1.4B.

Join Mergr to view Vector Capital’s full profile and discover more mega-sized private equity firms just like it.

M&A Summary

  • M&A Total Activity68
    • M&A Buy Activity43
    • M&A Sell Activity25
  • Total Sectors Invested 10
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 33
  • M&A Advisors 12

Vector Capital

One Market Street, Steuart Tower, 23rd Floor,
San Francisco, California 94105
United States
(415) 293-5000
www.vectorcapital.com

Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.


Investment Criteria

Sectors of Interest: Business Services, Communications, Environmental, Healthcare Services, Information Technology, Internet Software and Services, Media, Safety/Security, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Secondary Buyout, Stake Purchase, Venture, Merger

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 30 -
Target EBITDA - -
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (2.2/yr) # 32 2 2 2 2 3 43
vol $4.5B $1.6B $100M $6.2B
Sell (1.4/yr) # 18 1 1 1 2 2 25
vol $3.7B $185M $1.4B $5.3B
  68

Most Recent M&A

Company Date Value Type
Mood Media Corp. 2020-12-01 - Buyout (LBO, MBO, MBI)
Austin, Texas · www.moodmedia.com
MarkLogic Corp. 2020-10-07 - Buyout (LBO, MBO, MBI)
San Carlos, California · www.marklogic.com
Emarsys eMarketing Systems AG 2020-10-01 - Add-on Acquisition
Vienna, Austria · www.emarsys.com
Patron Technology, Inc. 2020-09-24 - Secondary Buyout
Wexford, Pennsylvania · www.patrontechnology.com
Saba Software, Inc. 2020-02-24 1.4B USD Add-on Acquisition
Redwood Shores, California · www.saba.com
MoxiWorks 2019-09-12 - Growth Capital
Seattle, Washington · www.moxiworks.com
CollabNet, Inc. 2019-09-04 - Secondary Buyout
Brisbane, California · www.collab.net
Corel Corp. 2019-07-03 - Secondary Buyout
Ottawa, Ontario · www.corel.com
Aspect Software, Inc. 2019-01-02 100M USD Secondary Buyout
Chelmsford, Massachusetts · www.aspect.com
Planful Inc. 2018-12-13 - Secondary Buyout
Redwood City, California · www.planful.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
WatchGuard Technologies, Inc. 2006-08-17 Panda Security S.L. 2020-03-09 5
Seattle, Washington · www.watchguard.com Bilbao, Spain · www.pandasecurity.com
Sizmek, Inc. 2016-08-03 Peer39 2019-08-05 2
Austin, Texas · www.sizmek.com New York, New York · www.peer39.com
Sizmek, Inc. 2016-08-03 Sizmek, Inc. - Data & Programmatic Platform 2019-05-01 1
Austin, Texas · www.sizmek.com Austin, Texas
Allegro Development Corp. 2014-07-24 Financial Engineering Associates, Inc. 2018-04-09 2
Dallas, Texas · www.allegrodev.com Berkeley, California · www.fea.com
WatchGuard Technologies, Inc. 2006-08-17 Percipient Networks LLC 2018-01-16 4
Seattle, Washington · www.watchguard.com Wakefield, Massachusetts · www.strongarm.io
WatchGuard Technologies, Inc. 2006-08-17 Datablink, Inc. 2017-08-08 3
Seattle, Washington · www.watchguard.com McLean, Virginia · www.datablink.com
Sizmek, Inc. 2016-08-03 Rocket Fuel, Inc. 2017-07-18 1
Austin, Texas · www.sizmek.com Redwood City, California · www.rocketfuel.com
ChyronHego Corp. 2015-03-09 Hybrid TV 2016-09-09 4
Melville, New York · www.chyronhego.com Montrouge, France · www.hybridtv.tv
ChyronHego Corp. 2015-03-09 Sound & Video Creations, Inc. (dba Click Effects) 2016-07-07 3
Melville, New York · www.chyronhego.com Nashville, Tennessee · www.clickeffects.com
WatchGuard Technologies, Inc. 2006-08-17 HawkEye G 2016-06-07 2
Seattle, Washington · www.watchguard.com Hanover, Maryland

M&A by Sector

Sector Current # Value All-time # Value
Software 7 (35%) 220M (11%) 17 (40%) 2.4B (38%)
Information Technology 5 (25%) 177M (9%) 8 (19%) 971M (16%)
Internet Software and Services - - 6 (14%) 745M (12%)
Technology Hardware 1 (5%) - 3 (7%) 108M (2%)
Marketing 2 (10%) 1.6B (80%) 2 (5%) 1.6B (26%)
Business Services 2 (10%) - 2 (5%) -
Media 2 (10%) - 2 (5%) -
Machinery - - 1 (2%) 283M (5%)
Test/Measurement Equipment - - 1 (2%) 138M (2%)
Consumer Products 1 (5%) - 1 (2%) -
Total 20 $2.0B 43 $6.2B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 15 (75%) 2.0B (100%) 34 (79%) 6.0B (96%)
  California 4 (20%) - 14 (33%) 791M (13%)
  Texas 3 (15%) 1.6B (80%) 4 (9%) 1.6B (26%)
  Connecticut - - 3 (7%) 1.6B (25%)
  Washington 2 (10%) 151M (8%) 2 (5%) 151M (2%)
  New York 1 (5%) 120M (6%) 2 (5%) 320M (5%)
  Massachusetts 1 (5%) 100M (5%) 1 (2%) 100M (2%)
  Missouri 1 (5%) 26M (1%) 1 (2%) 26M (< 1%)
  Pennsylvania 1 (5%) - 1 (2%) -
  Florida 1 (5%) - 1 (2%) -
  North Carolina - - 1 (2%) 780M (13%)
  Maryland - - 1 (2%) 634M (10%)
  Utah - - 1 (2%) -
  New Jersey - - 1 (2%) -
United Kingdom 2 (10%) - 2 (5%) -
Israel 1 (5%) - 2 (5%) 160M (3%)
Canada - - 2 (5%) 77M (1%)
  Quebec - - 1 (2%) 77M (1%)
  Ontario - - 1 (2%) -
France 1 (5%) - 1 (2%) -
Ireland 1 (5%) - 1 (2%) -
Austria - - 1 (2%) -
Domestic 15 (75%) 2.0B (100%) 34 (79%) 6.0B (96%)
Cross-border 5 (25%) - 9 (21%) 237M (4%)
Total 20 $2.0B 43 $6.2B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Going Private 3 (15%) 1.9B (94%) 14 (33%) 6.0B (96%)
Buyout (LBO, MBO, MBI) 2 (10%) - 8 (19%) 138M (2%)
Secondary Buyout 6 (30%) 100M (5%) 7 (16%) 100M (2%)
Divestiture 3 (15%) 26M (1%) 5 (12%) 26M (< 1%)
Growth Capital 3 (15%) - 4 (9%) -
Stake Purchase 2 (10%) - 2 (5%) -
Venture - - 2 (5%) -
Recapitalization 1 (5%) - 1 (2%) -
Total 20 $2.0B 43 $6.2B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 11 (44%) 3.8B (73%)
Secondary Sale 7 (28%) -
Trade Sale 6 (24%) 1.4B (27%)
Merger 1 (4%) -
Total 25 $5.3B

Top M&A Advisors

Financial Deals
Harris Williams & Co.
 1
Citigroup Investment Banking
 1
Robert W. Baird & Co., Inc.
 1
Legal Deals
Shearman & Sterling LLP
 3
Paul Hastings LLP
 3
Kirkland & Ellis LLP
 2

Deal Values

buy # Total
> $1B 2 $2.9B
$100M to $1B 11 $3.1B
< $100M 3 $203M
TOTAL $6.2B
Largest Sizmek, Inc.
$1.6B (2016-08-03)
sell # Total
> $1B 2 $2.4B
$100M to $1B 7 $2.8B
TOTAL $5.3B
Largest Saba Software, Inc.
$1.4B (2020-02-24)

M&A Connections

Deals %
Acquired from
PE Firm(s)
67%
10 67%
Strategic(s)
33%
5 33%
Exited to
PE Firm(s)
32%
8 32%
Strategic(s)
68%
17 68%

Investor Summary

Size

Mega

PE Assets

3.4B USD

Established

1997

Specialist/Generalist

Specialist

Leadership

Alex Slusky

Founder, Managing Director & CIO

James Murray

CFO

Andy Fishman

Managing Director

Anupam Banerjee

Managing Director

David Fishman

Managing Director

 Subscribe to unlock this and 157,760
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.0K Private Equity Firms
  • 146K M&A Transactions
  • 154K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.2K M&A Advisors
    (Investment Banks and Law Firms)
  • 46K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal