M&A Deal Summary |
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---|---|
Date | 2023-07-31 |
Target | New Relic |
Sector | Internet Software and Services |
Buyer(s) |
Francisco Partners
TPG |
Deal Type | Going Private |
Deal Value | 6.5B USD |
Advisor(s) | Freshfields Bruckhaus Deringer LLP (Legal) |
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Category | Private Equity Firm |
---|---|
Founded | 1999 |
PE ASSETS | 45.0B USD |
Size | Mega |
Type | Sector Focused |
Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.
DEAL STATS | # |
---|---|
Overall | 141 of 142 |
Sector (Internet Software and Services) | 25 of 25 |
Type (Going Private) | 15 of 15 |
State (California) | 35 of 35 |
Country (United States) | 117 of 118 |
Year (2023) | 3 of 4 |
Size (of disclosed) | 1 of 26 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-07-10 |
Macrobond
Malmö, Sweden Macrobond is a provider of macroeconomic and financial time series data from primary and third-party sources with proprietary software focused on workflow efficiency. Macrobond was founded in 2008 and is based in Malmö, Sweden. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-08-22 |
The Weather Company - Digital Assets
Atlanta, Georgia, United States The Weather Company's digital consumer-facing offerings, The Weather Channel mobile and cloud-based digital properties including Weather.com, Weather Underground and Storm Radar, as well as its enterprise offerings for broadcast, media, aviation, advertising technology and data solutions for other emerging industries. |
Buy | - |
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 | 394 of 394 |
Sector (Internet Software and Services) | 29 of 29 |
Type (Going Private) | 35 of 35 |
State (California) | 82 of 82 |
Country (United States) | 264 of 264 |
Year (2023) | 5 of 5 |
Size (of disclosed) | 9 of 100 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-07-19 |
NexTech
Tampa, Florida, United States NexTech is a fully-integrated, specialty specific, certified EMR, practice management, and marketing software that covers a wide array of specialty practice needs. NexTech was founded in 1997 and is based in Tampa, Florida. |
Buy | $1.4B |