M&A Deal Summary |
|
|---|---|
| Date | 2024-07-09 |
| Target | Nasuni |
| Sector | Information Technology |
| Buyer(s) |
Vista Equity Partners
TCV KKR |
| Sellers(s) | Sixth Street Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | BofA Securities (Financial) Goodwin Procter (Legal) |
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| 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 | 145 of 149 |
| Sector (Information Technology) | 21 of 22 |
| Type (Secondary Buyout) | 34 of 35 |
| State (Massachusetts) | 17 of 17 |
| Country (United States) | 133 of 137 |
| Year (2024) | 3 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-30 |
Portside
Cary, North Carolina, United States Portside is a provider of modern software solutions for the business aviation industry. Portside’s cloud-based operating system for business and government aviation is designed to support all aspects of flight operations, including scheduling and recordkeeping (Avianis, BART and PFM product lines), fleet and crew optimization (Portside Optimizer), safety and compliance (Baldwin), data sharing, reporting and analytics (Portside Owner Portal / Budget & Planning Dashboard), customer billing (ExpensePulse), crew recruiting (Staffing Marketplace), and crew and passenger travel accommodations (Portside Services). Portside is based in Cary, North Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-13 |
Jaggaer
Durham, North Carolina, United States Jaggaer is a provider of procurement software for large and medium-sized enterprises. Jaggaer provides cloud-based Source-to-Pay eProcurement solutions for spend management, which enables a fluid supply chain for its customers, driven by powerful spend analytics, vendor sourcing, contract lifecycle management, savings tracking, and efficient accounts payable systems on a single platform. Jaggaer was founded in 1995 and is based in Durham, North Carolina. |
Buy | - |
Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.
| DEAL STATS | # |
|---|---|
| Overall | 82 of 82 |
| Sector (Information Technology) | 9 of 9 |
| Type (Secondary Buyout) | 6 of 6 |
| State (Massachusetts) | 7 of 7 |
| Country (United States) | 70 of 70 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-02 |
Avetta
Lehi, Utah, United States Avetta is a provider of a cloud-based supply chain risk management platform. Avetta connects global organizations across several industries including oil/gas, telecom, construction materials, facilities management, and many others, with qualified and vetted suppliers, contractors, and vendors. Avetta was founded in 2003 and is based in Lehi, Utah. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 510.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 463 of 468 |
| Sector (Information Technology) | 26 of 26 |
| Type (Secondary Buyout) | 107 of 111 |
| State (Massachusetts) | 9 of 9 |
| Country (United States) | 200 of 205 |
| Year (2024) | 11 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-21 |
Superstruct
London, United Kingdom Superstruct is a global platform of live music festivals and music events in Europe and Australia. Its well-diversified portfolio includes some of Europe’s most popular festivals and live event formats, among them Flow, Arenal Sound, Zwarte Cross, elrow, Victorious, Resurrection Fest and Lost Village, alongside established capabilities in brand partnerships, merchandise, staging and travel solutions. Superstruct was founded in 2017 and is based in London, England. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-23 |
OneStream
Birmingham, Michigan, United States OneStream is a provider of cloud or on-premise Corporate Performance Management (CPM) solutions for mid-sized to large enterprises. OneStream was founded in 2012 and is based in Birmingham, Michigan. |
Sell | - |
| Category | Asset Manager |
|---|---|
| Founded | 2009 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Sixth Street is a global alternative asset manager and lender that offers a wide range of capital solutions to small, medium, and large companies. The Firm maintains a variety of investment vehicles focused on growth companies, infrastructure, insurance, agriculture as well as other strategies. Sixth Street was established in 2009 and is headquartered in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Information Technology) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 1 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-07 |
Far West Services
Costa Mesa, California, United States Far West Services operates over 100 restaurant locations across California, Nevada, Washington, Colorado, and Utah. Far West Services was founded in 2003 and is based in Costa Mesa, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-29 |
Enstar Group
Hamilton, Bermuda Enstar Group is a insurance run-off services company that specializes in acquiring and managing reserves associated with discontinued books of property & casualty insurance and reinsurance business on a global basis. Enstar Group was founded in 2001 and is based in Hamilton, Bermuda. |
Buy | $5.1B |
