M&A Deal Summary

Microsoft Acquires SwiftKey

On February 2, 2016, Microsoft acquired internet software and services company SwiftKey from Octopus Investments for 250M USD

Acquisition Highlights
  • This is Microsoft’s 45th transaction in the Internet Software and Services sector.
  • This is Microsoft’s 18th largest (disclosed) transaction.
  • This is Microsoft’s 8th transaction in the United Kingdom.

M&A Deal Summary

Date 2016-02-02
Target SwiftKey
Sector Internet Software and Services
Buyer(s) Microsoft
Sellers(s) Octopus Investments
Deal Type Add-on Acquisition
Deal Value 250M USD
Advisor(s) Qatalyst Partners LP (Financial)

Target

SwiftKey

London, United Kingdom
website
SwiftKey is a developer of keyboard applications that provides text predictions for touchscreen devices.

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Buyer(S) 1

Buyer

Microsoft

Redmond, Washington, United States

website


Category Company
Founded 1975
Sector Software
Employees221,000
Revenue 198.3B USD (2022)
DESCRIPTION
Entrance to Microsoft's corporate headquarters in Redmond, Washington.
Entrance to Microsoft's corporate headquarters in Redmond, Washington.

Microsoft develops, licenses, and supports a wide range of software products and services. The Company designs, manufactures, and sells devices that integrate with cloud-based services and delivers online advertising to a global audience. Products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; cross-device productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. Microsoft also designs and sells hardware including PCs, tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories. Microsoft offers cloud-based solutions that provide customers with software, services, platforms, and content. The Company also provides consulting and product and solution support services, and trains and certifies computer system integrators and developers. Microsoft was formed in 1975 and is based in Redmond, Washington.


DEAL STATS #
Overall 160 of 214
Sector (Internet Software and Services) 45 of 57
Type (Add-on Acquisition) 150 of 200
Country (United Kingdom) 8 of 14
Year (2016) 2 of 8
Size (of disclosed) 18 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-19 MinecraftEdu

New York, New York, United States

MinecraftEdu is a school-ready remix of the original smash hit game Minecraft.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 Xamarin

San Francisco, California, United States

Xamarin, Inc. is an enterprise mobility solution and a mobile application development platform that enables native iOS and Android development in C#.

Buy -

Seller(S) 1

SELLER

Octopus Investments

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 2000
PE ASSETS 8.3B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Octopus Investments Limited is a private equity group that invests in lower middle-market UK based companies. Octopus looks to invest in buyouts, buy-ins, industry consolidations, and situations requiring development capital. Octopus' target investment size is £250k to £5 million in sectors such as business services, food/beverage, education and training, environmental services, media, marketing, healthcare, consumer, retail, leisure, and manufacturing. The Firm seeks businesses with a sustainable competitive advantage, whether through a unique product, IP, brand names or trade marks. Octopus Private Equity was formed in 2004 and is based in London.


DEAL STATS #
Overall 14 of 27
Sector (Internet Software and Services) 4 of 7
Type (Add-on Acquisition) 7 of 16
Country (United Kingdom) 14 of 25
Year (2016) 1 of 4
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-03 Anglo European Import Export

Manchester, United Kingdom

Anglo European Import Export Ltd. is a suppliers of specialist steel sections for window and door reinforcement.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-21 Callstream

Henley-In-Arden, United Kingdom

Callstream Ltd. is a provider of cloud-based call management technology to the insurance, travel and retail markets. A fast growing, independent company Callstream prides its self on proactively working with its clients, continually assisting them to operate efficiently.

Sell -