Evergreen Coast Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Evergreen Coast Capital has acquired 2 companies.

Evergreen Coast Capital’s most common sectors for investment aresoftware (34%) and education (17%) . The Firm’s most common investment types include going private (67%) and buyout (lbo, mbo, mbi) (17%). In total, Evergreen Coast Capital has invested in 5 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2022 when it acquired Citrix Systems for $16.5B.

The Firm’s most common exit type is secondary buyout (100%). Evergreen Coast Capital’s largest (disclosed) exit occurred in 2021 when it sold athenahealth for $17.0B.

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M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 11

Evergreen Coast Capital Corp.

Menlo Park, California
United States


Investment Criteria

Sectors of Interest: Business Services, Manufacturing

Target Transaction Types: Buyout (LBO, MBO, MBI)

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.6/yr) # 3 1 2 - - - 6
vol $10.1B $32.5B $42.6B
Sell (0.2/yr) # - 1 - - - - 1
vol $17.0B $17.0B
  7

Most Recent M&A

Company Date Value Type
Nielsen Holdings plc 2022-03-29 16.0B USD Going Private
New York, New York · www.nielsen.com
Citrix Systems, Inc. 2022-01-31 16.5B USD Going Private
Fort Lauderdale, Florida · www.citrix.com
athenahealth, Inc. 2021-11-22 17.0B USD Secondary Buyout
Watertown, Massachusetts · www.athenahealth.com
DreamBox Learning, Inc. 2021-11-08 - Secondary Buyout
Bellevue, Washington · www.dreambox.com
Travelport Worldwide Ltd. 2018-12-10 4.4B USD Going Private
Langley, United Kingdom · www.travelport.com
athenahealth, Inc. 2018-11-12 5.7B USD Going Private
Watertown, Massachusetts · www.athenahealth.com
WorkForce Software LLC 2014-04-23 - Buyout (LBO, MBO, MBI)
Livonia, Michigan · www.workforcesoftware.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Citrix Systems, Inc. 2022-01-31 Wrike, Inc. 2023-07-07 1
Fort Lauderdale, Florida · www.citrix.com San Jose, California · www.wrike.com
Travelport Worldwide Ltd. 2018-12-10 Deem, Inc. 2023-03-10 1
Langley, United Kingdom · www.travelport.com Oakland, California · www.deem.com
Travelport Worldwide Ltd. 2018-12-10 eNett International (Singapore) Pte. Ltd. 2020-01-24 1
Langley, United Kingdom · www.travelport.com , Singapore · www.enett.com
WorkForce Software LLC 2014-04-23 WorkPlace Systems International plc 2016-06-09 2
Livonia, Michigan · www.workforcesoftware.com Milton Keynes, United Kingdom · www.workplacesystems.com

M&A by Sector

Sector Current # Value All-time # Value
Software 2 (40%) 16.5B (45%) 2 (33%) 16.5B (39%)
Information Services 1 (20%) 16.0B (43%) 1 (17%) 16.0B (38%)
Internet Software and Services - - 1 (17%) 5.7B (13%)
Information Technology 1 (20%) 4.4B (12%) 1 (17%) 4.4B (10%)
Education 1 (20%) - 1 (17%) -
Total 5 $36.9B 6 $42.6B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 4 (80%) 32.5B (88%) 5 (83%) 38.2B (90%)
  Florida 1 (20%) 16.5B (45%) 1 (17%) 16.5B (39%)
  New York 1 (20%) 16.0B (43%) 1 (17%) 16.0B (38%)
  Washington 1 (20%) - 1 (17%) -
  Michigan 1 (20%) - 1 (17%) -
  Massachusetts - - 1 (17%) 5.7B (13%)
United Kingdom 1 (20%) 4.4B (12%) 1 (17%) 4.4B (10%)
Total 5 $36.9B 6 $42.6B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Going Private 3 (60%) 36.9B (100%) 4 (67%) 42.6B (100%)
Buyout (LBO, MBO, MBI) 1 (20%) - 1 (17%) -
Secondary Buyout 1 (20%) - 1 (17%) -
Total 5 $36.9B 6 $42.6B

Exits by Deal Type

Type Total # Value
Secondary Sale 1 (100%) 17.0B (100%)
Total 1 $17.0B

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch (BofA Securities)
2
Barclays Investment Bank
2
Citigroup Investment Banking
2
Legal Deals
Gibson, Dunn & Crutcher LLP
3
Debevoise & Plimpton LLP
1
Herbert Smith Freehills
1

Deal Values

buy # Total
> $1B 4 $42.6B
TOTAL $42.6B
Largest Citrix Systems, Inc.
$16.5B (2022-01-31)
sell # Total
> $1B 1 $17.0B
TOTAL $17.0B
Largest athenahealth, Inc.
$17.0B (2021-11-22)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Exited to
Investor(s)
100%
1 (100%)

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