Like Rydoo

closed 9/3/2021 via BNC Analysis

Marlin Equity Partners, acquired Rydoo

synopsis: Marlin Equity Partners, a global investment firm, has acquired a majority stake in Rydoo, a SaaS software solutions provider for managing business travel and expense reports.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $7.5 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target: Rydoo
Rydoo, operating since 2018, offers end users and finance managers an end-to-end solution to efficiently manage the travel and expense journey of employees within one single tool. The company’s two modules, Travel and Expense, cover the entire value chain of T&E management through one application.
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announced 5/12/2021 via BNC Analysis

Mercell Holding AS, will acquire Ibistic Technologies

synopsis: Mercell Holding AS has signed agreements to acquire 100% of Ibistic International A/S in Denmark and its distributor CTM Solution B.V. (CTMS) in the Netherlands. Ibistic is a Nordic market leader in cloud-based invoicing and expense and travel management, with user-friendly systems for automation and integration with ERP systems.
buyer: Mercell Holding AS (OB:MRCEL-ME:$48.52)
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
target: Ibistic Technologies
Ibistic is a Nordic market leader in cloud-based invoicing and expense and travel management, with user-friendly systems for automation and integration with ERP systems. Since 2002 they have delivered secure and reliable cloud-based solutions for Invoice handling and Travel & Expense management.
price ($mm)
$4.41
rev ($mm)
$3
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
closed 4/15/2021 via BNC Analysis

HRS Group, acquired Itelya GmbH

synopsis: HRS, a corporate lodging platform has acquired Itelya, a travel invoice management services provider, this emphasizes HRS’ standing as a traveler-centric lodging leader and a true financial technology provider. Itelya’s services are used in more than 180 countries.
buyer: HRS Group
HRS, based in Germany, is a corporate lodging platform, that is transforming the financial cycle governing corporate hospitality. In an age of digital transformation and comprehensive data visibility, managed travel has largely lagged behind. "
target: Itelya GmbH
Itelya, based in Germany, is a travel invoice management services provider. They create a whole new world for travel expenses. With smart.billing – a purely cloud-based software – the company facilitates services according to international standards.
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closed 1/13/2021 via BNC Analysis

TravelPerk, acquired NexTravel

synopsis: In a move that significantly expands its presence in the U.S. market, Barcelona-based TravelPerk has acquired corporate travel booking and management provider NexTravel. Founded in 2013 and launched in 2015 from Y Combinator, Santa Monica, Calif.-based NexTravel says it has processed more than 300,000 trips over its booking platform to date. 
buyer: TravelPerk
TravelPerk is an all-in-one business travel management platform in Spain. TravelPerk gives travelers the freedom they want whilst providing companies with the control they need. Their platform makes it easy for businesses to view, track, and manage their travelers. "
target: NexTravel
NexTravel is a corporate travel booking and management provider. Founded in 2013 and launched in 2015 from Y Combinator, Santa Monica, Calif.-based NexTravel says it has processed more than 300,000 trips over its booking platform.
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closed 7/22/2020 via PR Newswire

Everlance, acquired TrackMyDrive

synopsis: Everlance, a leading provider of tools for mobile workers, has acquired TrackMyDrive, a web-based and mobile app for logging and tracking business mileage. TrackMyDrive allows users to easily track all of their mileage with their smartphones. The app collects GPS coordinates and provides users with a detailed report and analysis of their trips.
buyer: Everlance
Everlance is a leading provider of tools for mobile workers. Everlance provides an automated mileage and expense tracking app for independent workers. The app is used by everyone from rideshare drivers to Fortune 500 employees, and helps businesses to save time and money. "
target: TrackMyDrive
TrackMyDrive is a web-based and mobile app for logging and tracking business mileage. TrackMyDrive allows users to easily track all of their mileage with their smartphones. The app collects GPS coordinates and uploads the data to provide users with a detailed report and analysis of their trips.
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closed 3/14/2019 via BNC Analysis

MobileXpense, acquired eBuilder Travel AB

synopsis: MobileXpense, a Belgian company that provides worldwide mobile solutions for travel expense management, has acquired eBuilder Travel from eBuilder, a Swedish provider of smartphone insight. eBuilder Travel is a cloud-based travel expense management solution in Sweden that supports the end-to-end expense process for travellers and their employers.
buyer parent: Fortino Capital Partners
buyer: MobileXpense
MobileXpense is a Brussels-based company that provides worldwide mobile solutions for travel expense management. MobileXpense's uniquely flexible SaaS solution simplifies a complex and often time-consuming problem for business travelers, HR departments and accounting departments around the world. "
target parent: eBuilder
target: eBuilder Travel AB
eBuilder Travel is the travel and expense management market leader in Sweden. eBuilder Travel is a cloud-based solution supporting the end-to-end travel and expense process for both travellers and their employers. Their solution provides support for travel profiles, delivery notes, and more.
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closed 12/20/2018 via BNC Analysis

Serko Limited, acquired InterplX Expense Management

synopsis: Serko, a New Zealand-based provider of online travel booking and expense management solutions, has acquired InterpIX, a provider of business expense management solutions. InterpIX's ExpenseNet solution is a travel and entertainment expense and purchase card management platform.
buyer: Serko Limited (NZSE:SKO:$13.86)
Serko is a New Zealand-based provider of online travel booking and expense management solutions. Their solutions empower organisations to manage their corporate travel programs and expense administration with powerful, intuitive online tools. "
target: InterplX Expense Management
InterpIX is a provider of business expense management solutions. Their ExpenseNet solution is a travel and entertainment expense and purchase card management platform. The web-based software allows for fast, accurate, and cost-saving expense reporting for companies of any size.
price ($mm)
$1.25
rev ($mm)
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closed 6/21/2017 via BNC Analysis

K1 Investment Management, LLC, acquired Certify, Inc.

synopsis: Certify LLC, the Portland company founded in 2008 that offers cloud-based expense management software, has been acquired by K1 Investment Management, a Los Angeles-based private equity firm.
buyer: K1 Investment Management, LLC
K1 Investment Management, LLC is a West Coast-based venture capital firm investing in high-growth private companies across North America. K1 primarily invests in software and technology private companies across North America. "
target: Certify, Inc.
Certify is a leading cloud-based travel and expense management solution for organizations of all sizes, and is the only solution in the expense management industry to offer truly automated expense reporting.
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announced 8/30/2016 via BusinessWire

American Express Global Business Travel, will acquire KDS

synopsis: American Express Global Business Travel (GBT), a company that provides end-to-end corporate travel and meetings program management, announced it has signed an agreement to acquire KDS, Europe’s leading provider of on-demand Travel & Expense solutions.
buyer: American Express Global Business Travel
American Express Global Business Travel provides end-to-end corporate travel and meetings program management – for companies of all sizes and across all industries – through best-in-class booking technology, smart analytics, worldwide strategic partnerships, and exceptional care. "
target: KDS
KDS is Europe’s leading provider of on-demand Travel & Expense solutions. They help corporate customers to achieve lower ticket prices, reduced total travel costs and increased administrative efficiencies.
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closed 9/18/2018 via GlobeNewswire

Certify, Inc., acquired Captio

synopsis: Certify, the largest independent provider of expense management software, announced the acquisition of Captio, a leading expense provider in Europe. Captio offers an end to end cloud-based expense management platform with robust mobile capabilities and the ability to comply with specific country-based taxation requirements.
buyer parent: K1 Investment Management
buyer: Certify, Inc.
Certify is a leading cloud-based travel and expense management solution for organizations of all sizes, and is the only solution in the expense management industry to offer truly automated expense reporting. "
target: Captio
Captio is the leading corporate travel management platform in the Spanish market. Captio integrates the expense management process into one single paperless workflow, without manual tasks or frauds.
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closed 9/10/2020 via PR Newswire

Mondee Holdings, acquired Rocketrip

synopsis: Mondee Holdings, a leading travel technology group, has acquired Rocketrip, the award-winning behavior change technology solution for global business travel programs. The acquisition will accelerate the Rocketrip mission by leveraging Mondee's industry leading travel technology platform and extensive global travel experience.
buyer: Mondee Holdings
Mondee is a group of travel technology, service, and content companies driving disruptive innovative change in the leisure, corporate, and retail travel markets. They deliver a technology platform of SaaS, mobile, and cloud products and services to a global customer base of over 45,000 customers. "
target: Rocketrip
Rocketrip provides real-time insight into traveler behavior and allows companies to use this data to drive the changes necessary in order to meet major company objectives such as cost savings and online booking compliance.
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closed 4/30/2019 via BNC Analysis

MakeMyTrip.com, acquired Quest2Travel India Private Limited

synopsis: MakeMyTrip, India’s leading Travel company, announced that it has acquired Mumbai-based Quest2Travel (Q2T), an internet based corporate travel management company. Through Q2T’s enterprise software, large corporate clients are able to manage their end-to-end employee travel needs on a real-time basis in a transparent and secure manner.
buyer: MakeMyTrip.com (MMYT:$363.62)
MakeMyTrip is India’s leading Travel company. MakeMyTrip provides access to all major airlines, railways, bus operators, over 61,500 domestic accommodation properties, and over 500,000 foreign properties. "
target: Quest2Travel India Private Limited
India’s Quest2travel is a web based Corporate Travel Management Company that helps customers manage their employee travel procurement in a transparent and secure manner. Their enterprise software allows large companies to manage their end-to-end nationwide employee travel in real-time.
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closed 11/30/2015 via Company Press Release

Travelport, acquired Locomote IP Pty Ltd

synopsis: Travelport, a leading Travel Commerce Platform, announced it has grown its investment to 55% in Australian corporate travel technology company, Locomote. Locomote empowers companies to manage every aspect of their business travel, including bookings, duty of care, authorization, budgets and expenses from any device anywhere in the world.
buyer: Travelport (TVPT:$2,182.00)
Travelport is a leading Travel Commerce Platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. Travelport’s Travel Commerce Platform enables travel providers, travel agencies, corporations and developers to connect. "
target: Locomote IP Pty Ltd
Locomote is one of Australia’s fastest growing tech businesses. As a global company, Locomote empowers companies to manage every aspect of their business travel, including bookings, duty of care, authorisation, budgets and expenses from any device anywhere in the world.
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announced 5/6/2021 via BusinessWire

Bill.com, will acquire Divvy

synopsis: Bill.com, a leading provider of cloud-based software for small and midsize businesses (SMBs), will acquire Divvy, an expense management and business budgeting software solution. Divvy's software provides solutions for spend management, expense management, business credit, and AP management.
buyer: Bill.com (:$202.10)
Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates back-office financial processes for small and mid-sized businesses. Bill.com's AI-enabled financial software platform provides an intelligent way to create and pay bills, send invoices, and get paid. "
target: Divvy
Divvy is an expense management and business budgeting software solution. Divvy provides real-time visibility into company spend and prevents teams from going over budget. Their software provides solutions for spend management, expense management, business credit, and AP management.
price ($mm)
$2,500
rev ($mm)
$100
EBITDA ($mm)
EV / rev
25.0x
EV / EBITDA
closed 12/17/2020 via PR Newswire

ELMO Cloud HR & Payroll, acquired Webexpenses

synopsis: ELMO Software Limited, a cloud-based HR & Payroll software provider based in Australia, has acquired Webexpenses, a global business expense management platform. Webexpenses offers a cloud-based financial management software solution that automates business expenses, travel and invoices.
buyer: ELMO Cloud HR & Payroll (ASX:ELO:$37.73)
ELMO is Australia and New Zealand's only integrated cloud HR, payroll, and rostering/time and attendance solution that offers one vendor, one dashboard, and one user-experience. They provide technology to more than 1000 organizations, helping them to manage, engage, and inspire their people. "
target: Webexpenses
Webexpenses is a global business expense management platform. Webexpenses offers a cloud-based financial management software solution that automates business expenses, travel and invoices. They enable businesses to be more efficient by improving the visibility of their company spending.
price ($mm)
$26
rev ($mm)
$6
EBITDA ($mm)
$1
EV / rev
7.4x
EV / EBITDA
58.3x
closed 10/7/2020 via Company Press Release

Allocate Software Limited, acquired Selenity Limited

synopsis: The UK-based Allocate Software group has acquired Selenity Limited, a cloud based provider of HR and finance process management software headquartered in Lincolnshire. The addition of Selenity’s core HR process solutions to Allocate’s workforce platforms will transform the end-to-end people management processes of its 600 customers worldwide.
buyer parent: Vista Equity Partners
buyer: Allocate Software Limited (MSWEF:$25.50)
UK-based Allocate Software is a leading international provider of workforce and resource planning solutions, supporting the operational and administrative needs of healthcare, defence, and maritime sectors. "
target: Selenity Limited
UK-based Selenity is a leader of cloud-tech providing solutions that reduce costs, increase efficiency, and ensure compliance to HR and Finance departments. Solutions include Selenity ER Tracker, a HR case management system, and Selenity Expenses, a configurable system for both desktop and mobile.
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closed 5/14/2019 via BusinessWire

eRequester merged with Fraxion,

synopsis: Fraxion, a cloud-based procure-to-pay solution for easy business spend management, has merged with eRequester, a US based e-procurement software suite leader.
buyer: Fraxion
Fraxion offers an innovative cloud solution for spend enablement and efficiency trusted by thousands of brands worldwide. Using Fraxion, businesses can spend smarter and streamline the procurement process for better business outcomes. They are based in South Africa. "
target parent: Roman Road Capital Partners LLC
target: eRequester
eRequester is a developer of an enterprise software designed to facilitate corporate accountability. The company's enterprise software and web-based application suite offers powerful requisition, PO, invoice automation and expense management tools.
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closed 3/6/2019 via Company Press Release

Chrome River Technologies merged with Certify, Inc.,

synopsis: Certify and Chrome River Technologies, two global leaders in travel, expense, and invoice management software, are merging. The combination creates the industry’s most comprehensive suite of products for monitoring, managing and analyzing corporate spend.
buyer parent: K1 Investment Management
buyer: Certify, Inc.
Certify, Inc., is the world’s largest independent provider of travel, expense and invoice management software. The Certify, Inc. family of brands includes leading SaaS platforms Certify, Nexonia, Tallie, Abacus, and Captio. "
target: Chrome River Technologies
Chrome River provides expense and invoice automation solutions. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. They are a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers.
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announced 1/17/2019 via PR Newswire

Enterprise Holdings, will acquire Deem

synopsis: Enterprise Holdings announced its intent to acquire San Francisco-based Deem – an innovative managed-travel technology platform that includes Deem Work Fource and Deem Ground Work, a suite of online booking and travel technology products for business travelers, travel managers, travel-management companies and suppliers.
buyer: Enterprise Holdings
Enterprise Holdings and its affiliate Enterprise Fleet Management together offer a total transportation solution. Combined, these businesses - which include extensive car rental and car-sharing services, commercial truck rental, corporate fleet management and retail car sales. "
target: Deem
Deem is designed for the entire business travel ecosystem using machine learning, AI and predictive analytics. Deem's suite of tools range from a dynamic traveler booking platform, travel manager cost controls, travel agency service technology, supplier revenue opportunities and more.
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closed 11/20/2017 via Company Press Release

AvidXchange, acquired Ariett

synopsis: AvidXchange announced that it has acquired Ariett, a leading cloud solution provider in the fast-growing purchase-to-pay market. Ariett has helped midmarket and enterprise customers to generate savings on contracts, requisitions, purchase orders, invoices, payments, and expense reports with a unified procurement platform since 2005.
buyer: AvidXchange
AvidXchange revolutionizes the way companies pay their bills. Serving more than 6,000 clients throughout North America, AvidXchange is an industry leader in automating procurement, invoice and payment processes for midmarket companies spanning multiple industries. "
target: Ariett
Ariett generates savings on every contract, requisition, invoice, expense report and payment with a unified cloud platform. Accounting teams everywhere benefit from upfront purchasing control, global visibility to spending and audit trails, which drive cost savings across the enterprise.
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closed 9/3/2021 via BNC Analysis

Marlin Equity Partners, acquired Rydoo

synopsis: Marlin Equity Partners, a global investment firm, has acquired a majority stake in Rydoo, a SaaS software solutions provider for managing business travel and expense reports.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $7.5 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target: Rydoo
Rydoo, operating since 2018, offers end users and finance managers an end-to-end solution to efficiently manage the travel and expense journey of employees within one single tool. The company’s two modules, Travel and Expense, cover the entire value chain of T&E management through one application.
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closed 9/9/2021 via PR Web

Clarus Commerce, acquired PrizeLogic

synopsis: Clarus Commerce, a leading innovator and pioneer in building, managing, and optimizing customizable premium loyalty programs for brands and retailers, has acquired PrizeLogic, a leader in digital engagement. The acquisition brings together significant core competencies and proprietary technology to complement both companies’ current offerings.
buyer parent: Marlin Equity Partners
buyer: Clarus Commerce
Clarus Commerce is the only company solely focused on building, managing, and optimizing customizable premium loyalty programs for brands and retailers. They provide the full suite of services needed for a successful loyalty program, including the technology platform, client services, IT, and more. "
target: PrizeLogic
PrizeLogic is the largest independent digital engagement company and a trusted partner to both Fortune 500 brands and leading agencies. The company’s solutions combine incentives, experience, and insight to influence behavior more effectively across the customer journey.
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closed 9/3/2021 via BNC Analysis

Marlin Equity Partners, acquired Rydoo

synopsis: Marlin Equity Partners, a global investment firm, has acquired a majority stake in Rydoo, a SaaS software solutions provider for managing business travel and expense reports.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $7.5 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target: Rydoo
Rydoo, operating since 2018, offers end users and finance managers an end-to-end solution to efficiently manage the travel and expense journey of employees within one single tool. The company’s two modules, Travel and Expense, cover the entire value chain of T&E management through one application.
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closed 6/17/2021 via BNC Analysis

Marlin Equity Partners, acquired LearningPool

synopsis: Marlin Equity Partners has acquired a controlling stake in Derry-based Learning Pool. Learning Pool is Northern Ireland’s largest e-learning company and provides a hosted online-learning management system that allows training to be published, tracked and reported.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $7.5 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target parent: Carlyle Group
target: LearningPool
Learning Pool is Northern Ireland’s largest e-learning company. Learning Pool provides a hosted online-learning management system that allows training to be published, tracked and reported. Their library of online content catalogues can be tailored to individual customer training requirements.
price ($mm)
$212
rev ($mm)
$22
EBITDA ($mm)
EV / rev
9.7x
EV / EBITDA
closed 4/14/2021 via BNC Analysis

Alcidion Group Limited, acquired ExtraMed Limited

synopsis: Smart health technology provider Alcidion Group has announced the strategic acquisition of ExtraMed, a UK company which specialises in providing NHS trusts with software that helps frontline staff make informed decisions based on real-time visibility of patient flow.
buyer: Alcidion Group Limited
Alcidion Group Limited is a health informatics software business. Alcidion’s core technology is the Miya platform, a unique decision intelligence software that provides high-value, cloud based analytics and decision support for healthcare providers. Alcidion is based in Melbourne, Australia. "
target parent: Marlin Equity Partners
target: ExtraMed Limited
ExtraMed, a UK company which specialises in providing NHS (National Health Service) trusts with software that helps frontline staff make informed decisions based on real-time visibility of patient flow.
price ($mm)
$7.28
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closed 4/8/2021 via PR Newswire

insightsoftware, acquired Logi Analytics

synopsis: insightsoftware, a global provider of enterprise software solutions for the Office of the CFO, has acquired Logi Analytics, the leading provider of embedded analytics solutions for software providers. The acquisition positions insightsoftware as a leader in integrating financial and operational reporting.
buyer parent: TA Associates
buyer: insightsoftware
insightsoftware is a provider of financial reporting and enterprise performance management software. insightsoftware enables the Office of the CFO to connect to and make sense of enterprise data in real time so they can proactively drive greater financial intelligence across their organization. "
target parent: Marlin Equity Partners
target: Logi Analytics
Logi Analytics empowers the world's software teams with the most intuitive, developer-grade embedded analytics solutions. Logi Analytics leverages its customers' existing tech stack, so they can quickly build, manage, and deploy applications.
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closed 3/26/2021 via GlobeNewswire

Thomas H. Lee Partners, L.P., acquired Bazaarvoice, Inc.

synopsis: Bazaarvoice, Inc., the leading provider of product reviews and user-generated content (UGC) solutions, announced a majority investment from Thomas H. Lee Partners, L.P., a premier private equity firm investing in growth companies.
buyer: Thomas H. Lee Partners, L.P.
Thomas H. Lee Partners is a premier private equity firm investing in middle market growth companies, headquartered primarily in North America, exclusively in four sectors: Consumer, Financial Services, Healthcare, and Technology & Business Solutions. "
target parent: Marlin Equity Partners
target: Bazaarvoice, Inc. (BV:$206.30)
Bazaarvoice helps brands and retailers find and reach consumers. Each month in the Bazaarvoice Network, more than one-half billion consumers view and share authentic consumer-generated content (CGC), including ratings and reviews and curated visual content, across 5,000 brand and retail websites.
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closed 3/11/2021 via GlobeNewswire

Virgin Pulse, acquired Advanced Plan for Health

synopsis: Virgin Pulse, the leading global provider of digital health and wellbeing solutions, announced that it has acquired population health analytics and informatics provider, Advanced Plan for Health (APH).
buyer parent: Marlin Equity Partners
buyer: Virgin Pulse
Virgin Pulse is the world’s largest, most comprehensive digital health, well-being and engagement company. Virgin Pulse is focused on engaging users every day in building and sustaining healthy behaviors and driving measurable outcomes for employees, employers and health plans. "
target: Advanced Plan for Health
Advanced Plan for Health is a population health analytics and informatics provider. APH provides comprehensive predictive analytics tools and support to help groups deliver high-quality healthcare benefits while effectively managing risks and driving down costs.
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closed 2/24/2021 via GlobeNewswire

Arcserve, acquired StorageCraft

synopsis: Arcserve, the world's most experienced data and ransomware protection provider, announced the completion of the proposed merger with StorageCraft, a software company that provides data management, storage, and protection solutions for hybrid data centers. The new Arcserve is a global top 5 data management and protection vendor.
buyer parent: Marlin Equity Partners
buyer: Arcserve
Arcserve is a leading provider of data protection and recovery software that provides organizations with the assurance that they can recover their data and applications when needed. Arcserve provides a comprehensive solution for cloud, virtual and physical environments, on premise or in the cloud. "
target parent: TA Associates
target: StorageCraft
StorageCraft Technology Corporation, a software company that develops and provides disk-based backup, disaster recovery, system migration, data protection, and security solutions for servers, desktops, and laptops.
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closed 2/15/2021 via BNC Analysis

Marlin Equity Partners, acquired Lengow

synopsis: Marlin Equity Partners, a global investment firm, has acquired a majority stake Lengow, an e-commerce automation platform in France. Lengow's software enables brands and distributors to streamline their e-commerce strategies and optimize their sales performance across a range of channels.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $7.4 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target: Lengow
Lengow is an e-commerce automation platform in France. Lengow helps brands and distributors to improve their performance and automate their business processes. Their software enables companies to streamline their e-commerce strategies and optimize their sales performance across a range of channels.
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closed 2/4/2021 via BusinessWire

Rocket Software, Inc., acquired Uniface B.V.

synopsis: Rocket Software, a global technology leader that develops enterprise modernization and optimization solutions for Fortune 500 companies and government agencies, has completed its acquisition of Netherlands based Uniface, a pioneer in accelerating innovation through its low-code application platform.
buyer parent: Bain Capital
buyer: Rocket Software, Inc.
Rocket Software, Inc. is a technology company that helps organizations in the IBM ecosystem and develops enterprise software solutions. It offers products in the areas of application lifecycle management and development, archive, backup management, etc. "
target parent: Marlin Equity Partners
target: Uniface B.V.
Uniface is a leading provider of model-driven, low-code application development and deployment software for enterprise businesses, software integrators and ISVs.
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announced 1/13/2021 via BNC Analysis

Unifaun AB will be merged with Consignor,

synopsis: Unifaun, a leading Stockholm-based cloud Transport Administration Systems (“TAS”) platform, and Consignor, an Oslo-based cloud TAS platform, announced that they have entered into a definitive merger agreement. Unifaun provides innovative and high-quality cloud TAS solutions to carriers, shippers, and parcel recipients across the Europe.
buyer parent: Francisco Partners Management LLC
buyer: Consignor
Consignor supports their customers delivery processes by making it simpler, quicker, and cost-effective to ship orders to customers and by making delivery a competitive advantage. Consignor provides Transport Administration Systems (“TAS”) solutions, enabled through a wide-ranging carrier library. "
target parent: Marlin Equity Partners
target: Unifaun AB
Unifaun provides innovative and high-quality cloud Transport Administration Systems (“TAS”) solutions to carriers, shippers, and parcel recipients across the European transportation ecosystem. Unifaun handled more than 300 million shipments in the system in 2019.
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announced 11/23/2020 via PR Newswire

CompuGroup Medical AG, will acquire e-MDs, Inc.

synopsis: CompuGroup Holding USA, Inc., a subsidiary of CompuGroup Medical SE & Co. KGaA, will acquire eMDs, Inc., a provider of Ambulatory Information Systems and outsourcing services for medical accounting. With this acquisition, CompuGroup Medical significantly broadens its position and enhances its product portfolio in the United States.
buyer: CompuGroup Medical AG (DB:COP:$1,109.32)
Germany-based CompuGroup Medical is one of the leading eHealth companies in the world. Its software products are designed to support all medical and organizational activities in doctors' offices, pharmacies, laboratories and hospitals. "
target parent: Marlin Equity Partners
target: e-MDs, Inc.
eMDs combines leading technologies with tailored services to remove operational burden and empower healthcare providers to maximize the impact of their care. eMDs’ experience allows them to craft transformative solutions that meet the unique needs of healthcare organizations.
price ($mm)
$240
rev ($mm)
$89
EBITDA ($mm)
$13
EV / rev
2.7x
EV / EBITDA
18.2x
closed 9/9/2020 via Company Press Release

Collenda, acquired S4Dunning

synopsis: Collenda, a leading provider of credit and collections management software solutions in Europe, has acquired S4Dunning, a Dutch provider of credit management software. S4Dunning offers a cloud-based management tool that makes it easier for businesses to manage their credit, debtors, and invoices.
buyer parent: Marlin Equity Partners
buyer: Collenda
Collenda is a leading provider of credit and collections management software solutions in Europe. Collenda's applications help automate the complete credit life-cycle from first application to final payment. They offer optimized solutions for banks, commercial businesses, and debtors. "
target: S4Dunning
S4Dunning is a Dutch provider of credit management software. S4Dunning offers a cloud-based management tool that makes it easier for businesses to manage their credit, debtors, and invoices. Their solution supports everything from simple credit management processes to complex profiles.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/6/2020 via BNC Analysis

Marlin Equity Partners, acquired Unifaun AB

synopsis: Marlin Equity Partners, a global investment firm, is acquiring Unifaun from Vitruvian Partners. Unifaun is a market leader within Transport Management (TM) on the Nordic market, providing innovative TM systems of high quality that simplify and improve processes for the transport buyer as well as for the carrier.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management that is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target parent: Vitruvian Partners LLP
target: Unifaun AB
Unifaun is a market leader within Transport Management (TM) on the Nordic market. With more than 20 years of experience they provide innovative TM systems of high quality that simplify and improve processes for the transport buyer as well as for the carrier.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/23/2020 via PR Newswire

Talkwalker Inc., acquired Nielsen Social

synopsis: Talkwalker, a social listening and analytics company, has acquired Nielsen Social from The Nielsen Company, a global measurement and data analytics company. Nielsen Social is a provider of social measurement and audience insights software. Their platform and API enables users to analyze social media feeds and engage their fans in real time.
buyer parent: Marlin Equity Partners
buyer: Talkwalker Inc.
Talkwalker is a social listening and analytics company that empowers brands and agencies to optimize the impact of their communication efforts. Talkwalker's social media analytics platform uses AI to monitor and analyze online conversations across social networks, news websites, blogs and forums. "
target parent: The Nielsen Company, Inc.
target: Nielsen Social
Nielsen Social is a provider of social measurement and audience insights software. Nielsen Social provides solutions for TV networks, agencies and advertisers. Their Social Content Ratings platform and API enables social media teams to analyze social media feeds and engage their fans in real time.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/8/2020 via BusinessWire

Bazaarvoice, Inc., acquired Curalate

synopsis: Bazaarvoice, Inc., the leading provider of product reviews and user-generated content (UGC) solutions, announced the acquisition of Curalate, a company that provides shoppable social, UGC, and influencer marketing solutions to more than 1,000 brands and retailers, including Best Buy and Lululemon.
buyer parent: Marlin Equity Partners
buyer: Bazaarvoice, Inc. (BV:$206.30)
Bazaarvoice helps brands and retailers find and reach consumers. Each month in the Bazaarvoice Network, more than one-half billion consumers view and share authentic consumer-generated content (CGC), including ratings and reviews and curated visual content, across 5,000 brand and retail websites. "
target: Curalate
Curalate provides shoppable social, UGC, and influencer marketing solutions to more than 1,000 brands and retailers, including Best Buy and Lululemon. Curalate’s technologies turn images into digital storefronts that give consumers compelling shopping experiences online.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/15/2020 via Company Press Release

Puzzel, acquired U-WFM

synopsis: Puzzel, a leading cloud-based contact centre software provider, has acquired U-WFM, a leading provider of workforce management and optimization software. U-WFM’s solution gives its customers the ability to forecast demand, monitor adherence, and optimize their contact centre operations.
buyer parent: Marlin Equity Partners
buyer: Puzzel
Headquartered in Norway, Puzzel is a leading cloud-based contact centre software provider and was a pioneer in offering integrated customer engagement as an easily-deployed service. The company combines omni-channel technology with artificial intelligence capabilities. "
target: U-WFM
Based in the UK,, U-WFM is a leading provider of workforce management and optimization software. U-WFM’s solution gives its customers the ability to forecast demand, monitor adherence, and optimize their contact centre operations for companies of all sizes and across any industry vertical.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/7/2020 via BusinessWire

The Whitlock Group, will acquire AVI-SPL, Inc.

synopsis: H.I.G. Capital is pleased to announce the sale of its portfolio company, AVI-SPL, to Marlin Equity Partners. AVI will be merged with Whitlock, an affiliate of Marlin focused on workplace collaboration solutions. AVI-SPL designs, builds, integrates, and supports systems and environments that enable communication and collaboration.
buyer parent: Marlin Equity Partners
buyer: The Whitlock Group
Whitlock is a technology integrator, with expertise in AV, collaboration and modern workplace solutions. They advise on the best technologies to create the most impactful environments to drive positive change. "
target parent: H.I.G. Capital
target: AVI-SPL, Inc.
AVI-SPL designs, builds, integrates, and supports systems and environments that enable communication and collaboration. AVI-SPL has highly trained and certified system engineers in addition to an international network of solution providers in 30 countries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/5/2020 via Company Press Release

Marlin Equity Partners, acquired Heimdal Security

synopsis: Marlin Equity Partners is pleased to announce that it has acquired Heimdal Security, a leading European provider of cloud-based cybersecurity solutions. Headquartered in Copenhagen, Denmark, Heimdal’s comprehensive endpoint security suite is delivered through a subscription-based, multi-tenant cloud platform.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management that is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target: Heimdal Security
Heimdal Security is a leading European provider of cloud-based cybersecurity solutions. Headquartered in Denmark and with a strong presence in Scandinavia, and the U.K. and U.S. markets, Heimdal’s endpoint security suite is delivered through a subscription-based, multi-tenant cloud platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/21/2020 via PR Newswire

insightsoftware, acquired Longview Solutions

synopsis: insightsoftware, the global leader in enterprise resource planning (ERP) and enterprise performance management (EPM) reporting solutions, announced it has acquired financial planning and tax software provider Longview.
buyer parent: TA Associates
buyer: insightsoftware
insightsoftware turns financial and operational data into a 360-degree view of the financial reporting lifecycle for better business outcomes. Through turnkey reporting and enterprise performance management solutions, it provides real time access to data-driven insights and overviews. "
target parent: Marlin Equity Partners
target: Longview Solutions
Longview makes performance management software for the Now business realities. Hundreds of thousands of business leaders from Global 2000 companies leverage Longview daily to make strategic and immediate business decisions with confidence, based on the truth.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/30/2017 via BNC Analysis

Technische Werke Ludwigshafen AG, acquired WEBfactory GmbH

synopsis: Fidura Private Equity Fonds has sold their majority stake in the software company WEBfactory GmbH in Buchen (Odenwald) successfully to Technische Werke Ludwigshafen AG (TWL). WEBFactory provides standard software for the surveillance and control of machines and industrial systems and for the online analysis and assessment of production data.
buyer: Technische Werke Ludwigshafen AG
Technische Werke Ludwigshafen AG (TWL) is a local utility company based in Ludwigshafen am Rhein, Germany. TWL has for over 100 years supplied the city of Ludwigshafen with electricity, gas, refrigeration, water and district heating. "
target parent: Fidura Private Equity Fonds
target: WEBfactory GmbH
WEBfactory GmbH, headquartered in Baden-Württemberg, Buchen, provides standard software for the surveillance and control of machines and industrial systems and for the online analysis and assessment of production data.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/28/2016 via Market Wire

N. Harris Computer Corporation, acquired iMDsoft

synopsis: Constellation Software Inc., announced its wholly-owned subsidiary N. Harris Computer Corporation has acquired all of the shares of I.M.D. Soft Limited a leading international clinical information systems software provider.
buyer parent: Constellation Software, Inc.
buyer: N. Harris Computer Corporation
Harris has focused on providing feature-rich and robust turnkey solutions to Public Sector, Schools, Utility, and Health Care agencies throughout North America. Harris’ focus is on creating long-term relationships with its customers and ensuring that it meets the changing needs of its customers. "
target parent: TPG Capital
target: iMDsoft
iMDsoft is a leading provider of proven clinical information systems worldwide. The Company’s products are designed to enhance quality of care for critically ill patients and improve financial performance for healthcare providers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/9/2012 via PR Newswire

MetrixLab, acquired MarketTools Inc.

synopsis: MetrixLab, a global provider of online consumer research services, announced that it has acquired MarketTools Research Solutions Inc., a leader in services and software for market research, from TPG Growth. MarketTools is known for pioneering some of the first research technologies on the Internet.
buyer: MetrixLab
MetrixLab is a fast-growing global provider of online consumer research services. Its solutions are employed by over half of the Top 100 Global Brands such as Microsoft, Philips, Google and Heineken. The company is headquartered in Rotterdam, The Netherlands. "
target parent: TPG Capital
target: MarketTools Inc.
MarketTools is the leading provider of services and software for market research. Through the use of advanced respondent engagement techniques and comprehensive analytic tools, MarketTools helps clients innovate, optimize and execute programs that deliver high-value business impact.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/23/2019 via PR Newswire

Dynata, will acquire Reimagine Holdings Group

synopsis: Dynata, a global leader in first-party data and data services, announces it has reached an agreement to acquire Reimagine Holdings Group, a global leader in data creation and technology-enabled business intelligence headquartered in Westport, Connecticut.
buyer parent: Court Square Capital Partners
buyer: Dynata
Dynata is the premier global provider of data solutions and technology for consumer and B2B survey research. Dynata reaches participants in 90+ sample countries via internet, telephone, mobile/wireless and mixed-access offerings. "
target: Reimagine Holdings Group
Reimagine is a global leader in data creation for business intelligence, and has redefined the insights industry by acquiring and investing in growth-oriented, technology-enabled service companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/14/2017 via PR Newswire

The Shipyard, acquired TOMORRO\\\ LLC

synopsis: The Shipyard, an independent marketing firm, today announces the acquisition of TOMORRO\\\, an innovation consultancy led by marketing icon Jon Bond – combining the companies' strategic, creative and data-centric talents to address rising demand from businesses seeking to inoculate themselves against Disruption.
buyer: The Shipyard
The Shipyard is an independent marketing consultancy and the first "marketing engineering" firm. It is creating digital transformation for the world's most significant brands- where high velocity content creation meets big data, where competitive strategy meets creative and disruptive advertising. "
target: TOMORRO\\\ LLC
TOMORRO\\\ LLC is a consultancy designed to accelerate brand value through the adoption of the most forward-thinking marketing approaches and technologies. TOMORRO\\\ is an active investor and advisor in ad technology companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/23/2018 via BNC Analysis

startup300 AG, acquired Pioneers.io

synopsis: startup300, an Austrian angel investor network and business accelerator, has acquired Pioneers.io, an international relationship builder in the tech and startup scene. Pioneers' flagship event, Pioneers Festival, brings together a global community of 2,500 founders, investors, and innovation executives to build partnerships and shape the future.
buyer: startup300 AG
startup300 is an Austrian angel investor network and business accelerator that offers their services to Austrian startups. The group consists of 142 angels and investors that help startups grow their businesses. They focus on startups that have scalable, innovative or disruptive business models. "
target: Pioneers.io
Pioneers.io is an international relationship builder in the tech and startup scene, offering events, consulting, and investment. Their Pioneers Festival event brings together a global community of 2,500 founders, investors, and innovation executives to build partnerships and shape the future.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/30/2020 via BusinessWire

ServiceNow, will acquire Element AI

synopsis: ServiceNow announced it has signed an agreement to acquire Element AI, a leading artificial intelligence (AI) company with deep AI capabilities and some of the world’s brightest AI minds. Element AI launches and incubates advanced AI-First solutions in partnership with large corporations.
buyer: ServiceNow (NYSE:NOW:$5,171.48)
ServiceNow's cloud-based platform and solutions deliver digital experiences that help people do their best work. Their applications automate, predict, digitize, and optimize business processes and tasks, across IT, Customer Service, Security Operations, and Human Resources. "
target: Element AI
Element AI is the platform that helps organizations embrace an AI-First world for today and tomorrow. Composed of a research lab uniquely connected to the world's best academic ecosystems, Element AI launches and incubates advanced AI-First solutions in partnership with large corporations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/31/2017 via BNC Analysis

Capiton AG, will acquire Gemaco N.V.

synopsis: Capiton has entered into an agreement on the acquisition of a majority stake in Gemaco Group with the current majority shareholder Saffelberg Investments. Gemaco Group based with its headquarters in Mechelen, Belgium is a leading provider of full-service merchandising and promotional marketing solutions for global industry.
buyer: Capiton AG
Capiton is an owner-managed financial investor that invests in large SMEs in Germany, Austria and Switzerland by means of MBOs and expansion financing. capiton's roots go back to the late 1970s. "
target parent: Saffelberg Investments
target: Gemaco N.V.
Gemaco Group based with its headquarters in Mechelen, Belgium is a leading provider of full-service merchandising and promotional marketing solutions for global industry and fast-moving consumer goods (FMCG) customers. The Group has 13 locations worldwide.
price ($mm)
rev ($mm)
$96
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 12/21/2016 via Company Press Release

New Hope Communications Inc., acquired Nutrition Capital Network

synopsis: New Hope, a company that helps suppliers, manufacturers & retailers bring healthy, organic & natural products to life, has acquired the assets of Nutrition Capital Network (NCN), a company that holds four annual investor meetings which focus on investment and acquisition opportunities in branded products, ingredients and technology.
buyer parent: Informa plc
buyer: New Hope Communications Inc.
New Hope Network is at the forefront of the healthy lifestyle products industry. With solutions for the complete supply chain from manufacturers, retailers/distributors and service providers, the network offers a robust portfolio of content, events, data, research and consultative services. "
target: Nutrition Capital Network
Nutrition Capital Network holds four annual investor meetings which focus on investment and acquisition opportunities in branded products, ingredients and technology. They facilitate financing for growing companies and introduce investors to the next generation of brands.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/3/2018 via PR Newswire

RMRM Holdings, Sound Point Capital Management, will acquire Relativity Media, LLC

synopsis: Relativity Media has agreed to sell all of its assets to UltraV Holdings LLC, a joint venture among funds managed by Sound Point Capital Management and RMRM Holdings. Relativity Media operates a portfolio of major studio quality film assets with the capabilities and infrastructure to produce and distribute high caliber, original content.
buyer: RMRM Holdings
buyer: Sound Point Capital Management
UltraV Holdings LLC is a joint venture among funds managed by Sound Point Capital Management, a New York-based asset management firm with approximately $17 billion of assets under management, and RMRM Holdings, which is led by David Robbins, Lex Miron and Larry Robbins. "
target: Relativity Media, LLC
Relativity Media operates a portfolio of major studio quality film assets with the capabilities and infrastructure to produce and distribute high caliber, original content. They are engaged in the production and distribution of movies, television, fashion, sports, digital and music.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/4/2018 via PR Newswire

SilverLake, will acquire Weld North Education

synopsis: Silver Lake, the global leader in technology investing, announced that it will acquire a majority stake in Weld North Education (WNE), a leading digital education technology company focused on developing digital curriculum and tools for preK-12th grade, from KKR.
buyer: SilverLake
Silver Lake is the global leader in technology investing, with about $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo. "
target parent: Kohlberg Kravis Roberts & Co.
target: Weld North Education
Weld North Education operates a platform of digital and SaaS educational solution businesses and makes control investments in high potential businesses in the education industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/14/2017 via BNC Analysis

Boubyan Petrochemical Company, will acquire Educational Holding Group

synopsis: Boubyan Petrochemicals, the first private-sector company in Kuwait that invested in the government-controlled petrochemical sector, is to acquire majority stake in Educational Holding Group, the first private educational investments organization in Kuwait. Boubyan Petrochemicals is looking to buy 32.8% stake and currently hold 21.12% stake.
buyer: Boubyan Petrochemical Company (KWSE:BPCC:$93.42)
Boubyan Petrochemical Company K.S.C., a Kuwaiti shareholding company listed on the Kuwait Stock Exchange, is the first private-sector company in Kuwait that invested in the government-controlled petrochemical sector. The company was established on February 12, 1995 "
target: Educational Holding Group (KWSE:EDU:$38.04)
Founded in 1982, Educational Holding Group was the first private educational investments organization in Kuwait. The group has grown manifold with a portfolio that covers the entire educational life-cycle, ranging from K-12, tertiary education and vocational training and development.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/8/2005 via BusinessWire

eLocalAccess, LLC merged with TradeMaven Group LLC,

synopsis: TradeMaven LLC and eLocal today jointly announced they have merged the two firms to form TradeMaven Group LLC (TMG). The merger is one of the most significant in the online trading industry, combining TradeMaven's leading technology for online trading with eLocal's exceptional retail and institutional execution and brokerage services.
buyer: TradeMaven Group LLC
TradeMaven was founded with the mission of providing high-performance and cost-effective trading software for experienced and new traders. TM is used by Futures, Forex & Bond Traders worldwide. "
target: eLocalAccess, LLC
eLOCAL was established and registered with the NFA and CFTC in July 2000 culminating in the merger of two large independent local clearing firms at the Chicago Board of Trade.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/28/2021 via Yahoo, Inc.

Martin Wolf LLC, acquired IT ExchangeNet

synopsis: martinwolf M&A Advisors - a leading M&A Advisory firm exclusively focusing on middle-market IT Services, Solution Provider and Software companies - announced the acquisition of IT ExchangeNet (ITX), a leader in facilitating smaller mid-market IT M&A transactions.
buyer: Martin Wolf LLC
Headquartered in Scottsdale, Arizona with an office in New York, martin wolf is a leading M & A Advisory focused on middle market companies in the IT Services, IT Supply Chain, and Software space. "
target: IT ExchangeNet
Founded in 1998 by technology CEOs and M & A professionals, and headquartered in Cleveland, Ohio, IT ExchangeNet (ITX) is an organized and efficient marketplace for owners of small mid-market IT businesses seeking buyers or strategic partners.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/15/2009 via AP - Associated Press

Nordnet Bank AB, will acquire eQ Corporation

synopsis: Nordnet Bank AB has signed an agreement to acquire 100% of the shares in the Finnish company eQ, from Straumur Burdaras Investment Bank hf. eQ, the largest online-broker in Finland, has about 57 000 customer and the group specializes in investment services through three business areas; Securities Brokerage, Asset Management and Corporate Finance.
buyer: Nordnet Bank AB
The Nordnet Group provides user-friendly and cost efficient services to private investors and companies within share trading, mutual fund investments and pension savings plans. The holding company, Nordnet AB (plc), is listed on the Stockholm Stock Exchange. "
target parent: Straumur Burdaras Investment Bank, hf.
target: eQ Corporation
eQ, the largest online-broker in Finland, has about 57,000 customers and the group specializes in investment services through three business areas; Securities Brokerage, Asset Management and Corporate Finance.
price ($mm)
$51
rev ($mm)
$34
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 3/10/2021 via BNC Analysis

Aion Bank, acquired ETFmatic LTD

synopsis: Aion Bank, a full-service digital bank based in Brussels, has acquired ETFmatic, a London-based robo-advisor and Aion’s partner since last year. The deal has been approved by the UK’s Financial Conduct Authority (FCA). ETFmatic’s proprietary investment platform and management team will be integrated into Aion’s operations.
buyer parent: Warburg Pincus
buyer: Aion Bank
Aion, based in Belgium, is a subscription-only digital bank with a modern human touch, offering a wide range of services to individual and business customers. Seated in Brussels, it operates under a Belgian banking licence and offers customers convenient ways to optimize savings and expenses. "
target: ETFmatic LTD
ETFmatic, based in the UK, provides their customers with an easy way to manage their investment goals. The Company uses index based investment strategies and Exchange Traded Funds (ETFs) to construct and manage investment portfolios tailored to their customers' personal preferences and situations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/18/2020 via BNC Analysis

Republic.co, acquired NextSeed Services LLC

synopsis: New York-based Republic, missioned to democratize investing has announced the acquisition of local business investment platform, NextSeed. NextSeed aims to connect businesses and individual investors to build vibrant communities across America. The firm has facilitated over $20mn in investments from 25,000 members into 75 local businesses.
buyer: Republic.co
Republic is an open investment platform. People can choose from privately-held companies they believe in and can connect with their success as they fuel their growth. Republic is an investment platform where everyone can invest as little as $10 in innovative startups and ICOs. "
target: NextSeed Services LLC
NextSeed is on a mission to connect businesses and individual investors to build vibrant communities across America. On the NextSeed platform, thriving local businesses can raise capital from the general public, and in turn, anybody can now invest in small businesses in their own backyard.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/21/2020 via BNC Analysis

SoFi, acquired 8 Securities Limited

synopsis: Consumer financial services platform SoFi has acquired 8 Securities, a Hong Kong-based investing app. Targeted to personal investors, 8 Securities will rebrand to SoFi Hong Kong and will begin launching services in other markets in addition to Hong Kong. 8 Securities was the first mobile-only investment service and robo-advisor to launch in Asia.
buyer: SoFi
SoFi is a values-driven company on a mission to help members get their money right. They create modern financial products and services that help people borrow, save, spend, invest, and protect their money better, so that they can achieve financial independence and realize their ambitions. "
target: 8 Securities Limited
Hong Kong-based 8 Securities is a cloud-based brokerage platform that provides simple, transparent, and affordable mobile investing solutions. The company allows users to trade over 15,000 US and Hong Kong stocks and exchange traded funds as much as they like free of commission.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/30/2020 via GlobeNewswire

Guardian Capital Group, will acquire ModernAdvisor

synopsis: Guardian Capital Group Limited, a Canadian diversified financial services company, will acquire Modern Advisor Canada Inc., a leading Canadian digital advisor platform. ModernAdvisor is a fintech start-up that helps investors to reach their investment goals through transparent, unbiased, and cost-effective investment management services.
buyer: Guardian Capital Group (TSX:GCG.A:$136.06)
Guardian Capital is a Canadian diversified financial services company operating in Asset Management and Financial Advisory. Guardian provides investment management services, financial advisory services, retail distribution of mutual funds, insurance, and general corporate services. "
target: ModernAdvisor
Vancouver-based ModernAdvisor is a digital investment management company. ModernAdvisor uses technology to help advisors bring Canadians intelligent investing options, allowing them to reach their investment goals through transparent, unbiased, and cost-effective investment management services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/2/2015 via BNC Analysis

Wealthsimple, will acquire ShareOwner

synopsis: Wealthsimple Financial Inc., Canada's leading online investing service, announced it has acquired Canadian ShareOwner Investments Inc., the country's first automated investment manager.
buyer: Wealthsimple
Wealthsimple is Canada's leading online investment manager, making smart and simple investing accessible to all Canadians with low minimums and low fees. Their on-demand financial planning services and investment advice educate clients and keep their investments on track. "
target: ShareOwner
ShareOwner (Canadian ShareOwner Investments) has been providing independent investment education and low-cost investing services to retail investors since 1987.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Ticker: LSE:HRG
 
 
 
 
 
 
 
 
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Hogg Robinson Group is a global corporate services provider. Through their Travel Management Company (HRG) and Technology Company (Fraedom), they help thousands of clients in over 120 countries manage their travel, expenses, payments and data.
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EBITDA ($mm)
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Serko is a New Zealand-based provider of online travel booking and expense management solutions. Their solutions empower organisations to manage their corporate travel programs and expense administration with powerful, intuitive online tools.
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$1.28
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$1.13
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106
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8common
8common brings innovative enterprise software concepts to life, injecting a high-performing, product-driven culture and smart entrepreneurialism into every venture. 8common identifies, acquires and nurtures high potential businesses capable of startup agility and SaaS delivery.
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Coupa Software
Coupa Software
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EBITDA ($mm)
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EBIT ($mm)
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UnifiedPost
Unifiedpost Group wants to become the leading cloud-based platform for SME business services built on “Documents”, “Identity” and “Payments”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services.
year
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rev ($mm)
$70.52
EBITDA ($mm)
($13.98)
EBIT ($mm)
($19.53)
Net Income ($mm)
Employees
757
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Ticker: NINE
 
 
 
 
 
 
 
 
Ninetowns Internet Technology Group Company Limited
Ninetowns Internet Technology Group Company Limited
Ninetowns is a provider of online solutions for international trade, with its key services in automating import/export e-filing, as well as in providing effective and efficient business-to-business search. Ninetowns launched tootoo.com in 2007, providing vertical search and value added services.
year
2011
rev ($mm)
$75.22
EBITDA ($mm)
($21.52)
EBIT ($mm)
($41.57)
Net Income ($mm)
$3.53
Employees
509
  • drill down
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Ticker: ENXTPA:GENX
 
 
 
 
 
 
 
 
Generix SA
Generix SA
Generix Group develops software solutions for the manufacturing, logistics and retail ecosystems, helping its customers to manage, pool, integrate and optimize their information flows.
year
2016
rev ($mm)
$65.21
EBITDA ($mm)
$4.70
EBIT ($mm)
$3.69
Net Income ($mm)
$1.39
Employees
376
  • drill down
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Ticker: 300051
 
 
 
 
 
 
 
 
Xiamen 35.Com Technology Co., Ltd.
Xiamen 35.Com Technology Co., Ltd.
Xiamen 35.Com Technology Co., Ltd. provides software products and information technology services to medium and small-scale enterprises in China. The company offers Internet business solutions, corporate communication solutions, and enterprise management solutions.
year
2015
rev ($mm)
$39.89
EBITDA ($mm)
($1.95)
EBIT ($mm)
($2.28)
Net Income ($mm)
Employees
  • drill down
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Ticker: TSXV:OSS
 
 
 
 
 
 
 
 
OneSoft Solutions Inc.
OneSoft Solutions Inc. is a Canada-based developer of cloud-based business solutions. OneSoft's business strategy is to seek opportunities to convert legacy business software applications to a more cost efficient subscription based business model utilizing the Microsoft Cloud.
year
2015
rev ($mm)
$0.26
EBITDA ($mm)
($1.57)
EBIT ($mm)
($1.61)
Net Income ($mm)
Employees
  • drill down
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Ticker: OB:HOC-ME
 
 
 
 
 
 
 
 
House of Control
House of Control
House of Control is the leading Nordic SaaS company for commercial value management solutions. House of Control develops digital tools to help CFOs improve the performance of their finance department and company. They offer solutions for contract management, compliance, procurement, and more.
year
2020
rev ($mm)
$15.01
EBITDA ($mm)
($1.60)
EBIT ($mm)
($2.13)
Net Income ($mm)
Employees
94
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Ticker: APPF
 
 
 
 
 
 
 
 
AppFolio
AppFolio creates comprehensive, easy-to-use, cloud-based business software solutions for vertical markets. AppFolio's products include cloud-based property management software (AppFolio Property Manager) and cloud-based legal practice management software (MyCase).
year
2020
rev ($mm)
$288.83
EBITDA ($mm)
$22.06
EBIT ($mm)
$13.39
Net Income ($mm)
$30.65
Employees
1370
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Ticker: OB:MRCEL-ME
 
 
 
 
 
 
 
 
Mercell Holding AS
Mercell Holding AS
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers.
year
2021
rev ($mm)
$48.52
EBITDA ($mm)
$0.95
EBIT ($mm)
($2.79)
Net Income ($mm)
Employees
578
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Ticker: AIM:INCA
 
 
 
 
 
 
 
 
Incadea Plc
Incadea Plc
Incadea Plc is the leading provider of enterprise software solutions and services to the global automotive retail and wholesale market. With a proven industry focus and expertise, incadea is the vendor of choice for car manufacturers and their dealer networks around the world.
year
2014
rev ($mm)
$54.88
EBITDA ($mm)
$3.74
EBIT ($mm)
$3.81
Net Income ($mm)
Employees
490
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Ticker: SZSE:300494
 
 
 
 
 
 
 
 
Century Network
Century Network
Century Network is a Chinese company primarily engaged in online entertainment platforms, e-sports, and game operations. Century provides management software for the internet cafe industry. They also operate gaming websites and e-sports platforms.
year
2019
rev ($mm)
$72.26
EBITDA ($mm)
$1.80
EBIT ($mm)
$1.11
Net Income ($mm)
$5.50
Employees
0
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Ticker: ASX:RKN
 
 
 
 
 
 
 
 
Reckon Limited
Reckon Limited
Reckon Limited (RKN) is an Australian publicly listed company well known as a leading provider of software solutions for accounting and bookkeeping professionals, as well as small to medium sized businesses, small office/home office users and personal wealth management.
year
2020
rev ($mm)
$54.95
EBITDA ($mm)
$9.52
EBIT ($mm)
$8.47
Net Income ($mm)
$5.93
Employees
118
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Ticker: KKR
 
 
 
 
 
 
 
 
Kohlberg Kravis Roberts & Co.
Kohlberg Kravis Roberts & Co.
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies, and hedge funds. With offices around the world, KKR manages assets through a variety of investment funds.
year
2021
rev ($mm)
$20,635.61
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$4,952.87
Employees
0
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Ticker: BX
 
 
 
 
 
 
 
 
Blackstone Group LP
Blackstone Group LP
Blackstone is one of the world’s leading investment firms. They seek to create positive economic impact and long-term value for their investors, the companies they invest in, and the communities in which they work. They use extraordinary people and flexible capital to help companies solve problems.
year
2021
rev ($mm)
$17,325.04
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$4,600.61
Employees
0
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Ticker: CG
 
 
 
 
 
 
 
 
Carlyle Group
Carlyle Group
The Carlyle Group is a global alternative asset manager with $193 billion of assets under management across 128 funds and 159 fund of funds vehicles as of June 30, 2015. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions.
year
2021
rev ($mm)
$6,117.50
EBITDA ($mm)
$2,728.70
EBIT ($mm)
$2,675.80
Net Income ($mm)
$1,829.50
Employees
0
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Ticker: NYSE:APO
 
 
 
 
 
 
 
 
Apollo Global Management
Apollo Global Management
Apollo Global Management, LLC and its subsidiaries is a leading global alternative investment manager. They are contrarian, value-oriented investors in private equity, credit and real estate, with significant distressed expertise.
year
2021
rev ($mm)
$5,981.01
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$1,831.72
Employees
0
  • drill down
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Ticker: RTOBF
 
 
 
 
 
 
 
 
Ratos AB
Ratos AB
Ratos is a private equity company that invests in Nordic companies where their core expertise as a professional, active and responsible owner over time creates good value growth. Added value is created in connection with acquisition, development and divestment of these primarily unlisted companies.
year
2019
rev ($mm)
$2,530.41
EBITDA ($mm)
$141.89
EBIT ($mm)
$80.55
Net Income ($mm)
Employees
0
  • drill down
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Ticker: SIVB
 
 
 
 
 
 
 
 
Silicon Valley Bank
Silicon Valley Bank helps innovative companies and their investors move bold ideas forward, fast. They provide a full range of financial services to companies of all sizes in innovation centers around the world.
year
2018
rev ($mm)
$2,387.31
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$824.79
Employees
2836
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Ticker:
 
 
 
 
 
 
 
 
Oaktree Capital Management, LLC
Oaktree Capital Management, LLC
Oaktree is a leader among global investment managers specializing in alternative investments. They emphasize an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt, control investing, convertible securities, real estate and listed equities.
year
2019
rev ($mm)
$1,315.17
EBITDA ($mm)
$357.51
EBIT ($mm)
$331.49
Net Income ($mm)
$224.77
Employees
0
  • drill down
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Ticker: COWN
 
 
 
 
 
 
 
 
Cowen Group, Inc.
Cowen Group, Inc.
Cowen Inc. is a diversified financial services firm that operates through two business segments: a broker dealer and an investment management division. Cowen Inc. focuses on delivering value-added capabilities to their clients in order to help them outperform.
year
2020
rev ($mm)
$1,072.28
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$112.95
Employees
1325
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Ticker: EQT
 
 
 
 
 
 
 
 
EQT AB
EQT AB
EQT is a leading Swedish investment firm with more than EUR 61B in raised capital across 29 funds and around EUR 40B in assets under management. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19B and approximately 110,000 employees.
year
2020
rev ($mm)
$687.20
EBITDA ($mm)
$181.51
EBIT ($mm)
$160.04
Net Income ($mm)
$130.94
Employees
0
  • drill down
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Ticker: PSEC
 
 
 
 
 
 
 
 
Prospect Capital Corporation
Prospect Capital Corporation is a business development company that operates as a closed-end, non-diversified investment company that lends to and invests in energy-related businesses.
year
2013
rev ($mm)
$625.80
EBITDA ($mm)
EBIT ($mm)
$433.31
Net Income ($mm)
$292.38
Employees
  • drill down
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Ticker: TSX:ONEX
 
 
 
 
 
 
 
 
Onex Corporation
Onex Corporation
Founded in 1984, Onex is one of the oldest and most successful private equity firms. They acquire and build high-quality businesses in partnership with talented management teams. They also invest in non-investment grade debt through credit funds and collateralized loan obligations.
year
2020
rev ($mm)
$622.00
EBITDA ($mm)
$534.00
EBIT ($mm)
$487.00
Net Income ($mm)
$320.00
Employees
0
  • drill down
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Ticker: TGOPF
 
 
 
 
 
 
 
 
3i Group Plc
3i Group Plc
3i Group plc is a multinational private equity and venture capital company headquartered in London, United Kingdom. It has offices in 13 countries across the Americas, Asia and Europe and had total assets under management of £10.5 billion as at 31 March 2012.
year
2020
rev ($mm)
$403.39
EBITDA ($mm)
$256.93
EBIT ($mm)
$253.21
Net Income ($mm)
$265.62
Employees
0
  • drill down
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Ticker: ENXTPA:FIM
 
 
 
 
 
 
 
 
Fimalac SA
Fimalac SA
Fimalac is a diversified holding company, listed on the Paris Stock Exchange, founded and managed by Marc Ladreit de Lacharrière. Fimalac Group is engaged in private equity, digital media, live shows and hotels and recreation.
year
2016
rev ($mm)
$392.72
EBITDA ($mm)
($13.56)
EBIT ($mm)
($54.12)
Net Income ($mm)
$68.47
Employees
2911
  • drill down
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Ticker: MAIN
 
 
 
 
 
 
 
 
Main Street Capital Corporation
Main Street Capital Corporation
Main Street Capital Corporation is a principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies.
year
2020
rev ($mm)
$238.16
EBITDA ($mm)
EBIT ($mm)
$205.20
Net Income ($mm)
Employees
0
  • drill down
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Ticker: GIMB
 
 
 
 
 
 
 
 
Gimv
Gimv
Gimv is a European investment company with over three decades of experience in private equity and venture capital. Gimv currently manages around EUR 1.8 billion (including co-investment partnerships) of investments in about 50 portfolio companies.
year
2020
rev ($mm)
$197.63
EBITDA ($mm)
$156.94
EBIT ($mm)
$155.75
Net Income ($mm)
Employees
0
  • drill down
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