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Daisy Darvall

Partner at Kirkland & Ellis

Lawyer

Deal Bio

Total Deals27

Valued Deals19

Total Value£ 52.53 B

Avg. Deal Size£ 2.76 B

Market Context

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23 Jun 2020|United States|Software

Target: APTEAN LTD

Bidder: CHARLESBANK CAPITAL PARTNERS LLC

8 Service Providers

2 Target | 2 Bidder | 4 Vendor

27 Dealmakers

16 Target | 6 Bidder | 5 Vendor

n/a

Value

06 Jul 2020|United States|Railroad Equipment

Target: DOW (NORTH AMERICAN RAIL INFRASTRUCTURE)

Bidder: OAKTREE CAPITAL MANAGEMENT LP

8 Service Providers

5 Bidder | 3 Vendor

35 Dealmakers

33 Bidder | 2 Vendor

£ 247 M

Value

21 Oct 2020|United States|Software

Target: SMARTBEAR SOFTWARE

Bidder: VISTA EQUITY PARTNERS

12 Service Providers

6 Target | 5 Bidder | 1 Vendor

67 Dealmakers

21 Target | 42 Bidder | 4 Vendor

£ 1.30 B

Value

21 Dec 2020|United States|Consumer Services: Other

Target: PRECOR

Bidder: PELOTON INTERACTIVE INC

11 Service Providers

1 Target | 4 Bidder | 6 Vendor

51 Dealmakers

2 Target | 30 Bidder | 19 Vendor

£ 315 M

Value

16 Feb 2021|United States|Payments / Commerce

Target: VENDORIN

Bidder: CORCENTRIC

8 Service Providers

3 Target | 4 Bidder | 1 Vendor

12 Dealmakers

2 Target | 9 Bidder | 1 Vendor

£ 71 M

Value

12 Nov 2021|United States|Consumer Services: Other

Target: MANHATTAN MINI STORAGE

Bidder: STORAGEMART

6 Service Providers

3 Target | 3 Bidder

26 Dealmakers

14 Target | 12 Bidder

n/a

Value

14 Feb 2022|United States|Payments / Commerce

Target: NOGIN

Bidder: SOFTWARE ACQUISITION GROUP INC III

9 Service Providers

6 Target | 3 Bidder

48 Dealmakers

37 Target | 11 Bidder

£ 477 M

Value

15 Feb 2022|United States|Software

Target: SECURONIX

Bidder: VISTA EQUITY PARTNERS

10 Service Providers

4 Target | 6 Bidder

41 Dealmakers

22 Target | 19 Bidder

£ 739 M

Value

03 Aug 2022|United States|Software

Target: PING IDENTITY CORPORATION

Bidder: THOMA BRAVO LLC

11 Service Providers

6 Target | 3 Bidder | 2 Vendor

46 Dealmakers

33 Target | 12 Bidder | 1 Vendor

£ 2.30 B

Value

08 Aug 2022|United States|Software

Target: AVALARA INC

Bidder: VISTA EQUITY PARTNERS

12 Service Providers

5 Target | 7 Bidder

68 Dealmakers

27 Target | 41 Bidder

£ 6.96 B

Value

12 Jul 2022|United States|Software

Target: PROJECTOR PSA

Bidder: VISTA EQUITY PARTNERS

7 Service Providers

3 Target | 4 Bidder

33 Dealmakers

1 Target | 32 Bidder

n/a

Value

19 Sep 2022|United States|Security Services

Target: KNOWBE4

Bidder: VISTA EQUITY PARTNERS

10 Service Providers

6 Target | 2 Bidder | 2 Vendor

42 Dealmakers

8 Target | 19 Bidder | 15 Vendor

£ 4.16 B

Value

19 Jul 2022|United States|Education Services

Target: 360TRAINING.COM

Bidder: GREYLION CAPITAL LP

8 Service Providers

3 Target | 5 Bidder

21 Dealmakers

6 Target | 15 Bidder

n/a

Value

09 Jan 2023|United States|Software

Target: DUCK CREEK TECHNOLOGIES LLC

Bidder: VISTA EQUITY PARTNERS

14 Service Providers

8 Target | 4 Bidder | 2 Vendor

72 Dealmakers

38 Target | 32 Bidder | 2 Vendor

£ 2.15 B

Value

03 Oct 2023|United States|Software

Target: TRG SCREEN

Bidder: VISTA EQUITY PARTNERS

9 Service Providers

5 Target | 4 Bidder

19 Dealmakers

6 Target | 13 Bidder

n/a

Value

23 Oct 2023|United States|Software

Target: ENGAGESMART

Bidder: VISTA EQUITY PARTNERS

11 Service Providers

5 Target | 4 Bidder | 2 Vendor

48 Dealmakers

25 Target | 19 Bidder | 4 Vendor

£ 3.29 B

Value

24 Apr 2024|United Kingdom|Software

Target: EGRESS

Bidder: KNOWBE4

6 Service Providers

3 Target | 2 Bidder | 1 Vendor

69 Dealmakers

53 Target | 14 Bidder | 2 Vendor

n/a

Value

24 Sep 2024|United States|Software

Target: SMARTSHEET

Bidder: VISTA EQUITY PARTNERS

13 Service Providers

5 Target | 8 Bidder

95 Dealmakers

53 Target | 43 Bidder

£ 6.30 B

Value

10 Oct 2024|Canada|Software

Target: RISK CONTROL TECHNOLOGIES INC

Bidder: DUCK CREEK TECHNOLOGIES LLC

5 Service Providers

2 Target | 3 Bidder

16 Dealmakers

1 Target | 15 Bidder

n/a

Value

21 Oct 2024|France|Pharmaceuticals

Target: OPELLA (EX-SANOFI CONSUMER HEALTHCARE BUSINESS)

Bidder: CLAYTON DUBILIER & RICE LLC (CD&R)

21 Service Providers

2 Target | 9 Bidder | 9 Vendor

163 Dealmakers

4 Target | 80 Bidder | 76 Vendor

£ 6.66 B

Value

03 Dec 2024|United States|Integrated Oil and Gas

Target: RIDGEMAR ENERGY (EAGLE FORD ASSETS)

Bidder: CRESCENT ENERGY COMPANY

7 Service Providers

4 Bidder | 3 Vendor

40 Dealmakers

21 Bidder | 19 Vendor

£ 713 M

Value

15 Aug 2016|United States|Internet

Target: GRANDE COMMUNICATIONS

Bidder: TPG CAPITAL LP

12 Service Providers

5 Target | 6 Bidder | 1 Vendor

37 Dealmakers

26 Target | 10 Bidder | 1 Vendor

£ 1.80 B

Value

13 May 2025|Canada|Software

Target: RENTSYNC

Bidder: SILVERSMITH CAPITAL PARTNERS

6 Service Providers

3 Target | 3 Bidder

53 Dealmakers

18 Target | 35 Bidder

n/a

Value

24 Sep 2025|United States|Digital Services

Target: INTEGRAL AD SCIENCE

Bidder: NOVACAP INC

9 Service Providers

4 Target | 4 Bidder | 1 Vendor

37 Dealmakers

22 Target | 13 Bidder | 2 Vendor

£ 1.41 B

Value

28 Oct 2025|Switzerland|Software

Target: NEXTHINK

Bidder: VISTA EQUITY PARTNERS

8 Service Providers

4 Target | 3 Bidder | 1 Vendor

51 Dealmakers

24 Target | 25 Bidder | 2 Vendor

£ 2.25 B

Value

29 Oct 2025|United States|Software

Target: JAMF HOLDING CORP

Bidder: FRANCISCO PARTNERS

11 Service Providers

4 Target | 6 Bidder | 1 Vendor

53 Dealmakers

26 Target | 26 Bidder | 1 Vendor

£ 1.65 B

Value

03 Nov 2025|United States|Integrated Oil and Gas

Target: CIVITAS RESOURCES INC

Bidder: SM ENERGY COMPANY

10 Service Providers

5 Target | 5 Bidder

34 Dealmakers

16 Target | 18 Bidder

£ 9.73 B

Value