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    IT & Telecom Q3 2021

    Q3 2021 IT Telecom

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Slack Technologies, Inc.
    • salesforce.com inc.
    • $29,345.67
    • Maxim Integrated Products, Inc.
    • Analog Devices, Inc.
    • $22,844.03
    • Proofpoint, Inc.
    • Thoma Bravo, L.P.
    • $12,371.99
    • Globallogic Worldwide Holdings, Inc.
    • Hitachi Global Digital Holdings Corporation
    • $9,500.00
    • Alight Holding Company, LLC
    • Alight, Inc.
    • $8,529.28
    • Astound Broadband, LLC
    • Stonepeak Associates IV LLC
    • $8,100.00
    • Ingram Micro Inc.
    • Platinum Equity, LLC
    • $7,375.75
    • Tiger Parent (AP) Corporation
    • TD Synnex
    • $7,200.00
    • Blue Yonder Group, Inc.
    • Connected Solutions Company
    • $7,100.00
    • McGraw-Hill Education, Inc.
    • Platinum Equity, LLC
    • $6,742.08

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Calypso Technology, Inc.
    • Thoma Bravo, L.P.
    • $3,750.00
    • Cincinnati Bell Inc.
    • Macquarie Infrastructure and Real Assets
    • $2,933.62
    • Sphera Solutions, Inc.
    • Blackstone Inc.
    • $1,400.00

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Verizon Media LLC
    • Apollo Global Management, Inc.; LionTree Advisors, LLC
    • $5,000.00
    • Infrastructure & Automotive (I&A) Business of Silicon Labs
    • Skyworks Solutions, Inc.
    • $2,750.00
    • Sykes Enterprises, Incorporated
    • Sitel Worldwide Corporation
    • $2,439.72
    • Plex Systems, Inc.
    • Rockwell Automation, Inc.
    • $2,220.11
    • MSG Networks Inc.
    • Madison Square Garden Entertainment Corp.
    • $2,006.11
    • Risk Management Solutions, Inc.
    • Moody's Corporation
    • $1,985.37
    • Wireless Telecommunications Assets of Shenandoah Personal Communications Company
    • Sprint Spectrum L.P.
    • $1,940.00
    • Stack Exchange Inc.
    • Prosus N.V.
    • $1,800.00

     

    Source S&P Capital IQ as of 10/8/2021 and PCE Proprietary Data

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    PCE Transactions

    Contacts

    Michael Poole

    Orlando Office

    407-621-2112

    Michael Rosendahl

    New York Office

    201-444-6280 Ext 1

    Data Assumptions

    This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

    Glossary

    EBIT - Earnings Before Interest and Taxes
    EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
    LTM - Last Twelve Months
    TEV - Total Enterprise Value

    Sources:

    1. “Vista Equity to Acquire Majority Stake in SaaS Startup Drift, Taking it to Unicorn Status,” Mary Ann Azevedo, TechCrunch, September 1, 2021.
    2. “Drift Announces Strategic Investment from Vista Equity Partners; Partnership Will Help Customers Accelerate Revenue via B2B Conversational Commerce”, P.R. Newswire, September 1, 2021.
    3. “Deutsche Telekom’s Deal With SoftBank Tightens Its Grip on T-Mobile U.S.,” Phred Dvorak & Drew FitzGerald, The Wall Street Journal, September 7, 2021.
    4. “Biden Says Cybersecurity Is The ‘Core National Security Challenge’ at CEO Summit,” Dustin Volz & David Uberti, The Wall Street Journal, August 25, 2021.
    5. “Chip Shortage Keeps CIOs and Other Tech Leaders Scrambling,” Angus Loten, The Wall Street Journal, August 9, 2021.
    6. “T-Mobile Faces Regulatory Scrutiny After Hack,” David Uberti, The Wall Street Journal, August 19, 2021.
    7. “T-Mobile Says Hackers Stole Data on More Than 40 Million People,” Drew Fitzgerald and Robert McMillan, The Wall Street Journal, August 18, 2021.
    8. “Dish Network Enlists IBM to Help Build 5G Network,” Jared Council, The Wall Street Journal, September 15, 2021.
    9. “U.S. Set Out to Hobble China’s Huawei, and So It Has,” Dan Strumpf, The Wall Street Journal, October 7, 2021.
    10. “U.S. Set Out to Hobble China’s Huawei, and So It Has,” Dan Strumpf, The Wall Street Journal, October 7, 2021.

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