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Announced

An investment consortium to acquire a majority stake in Precisely for $3.5bn.

Financials

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Transaction Value£2,515m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Software

Private

Acquisition

Friendly

Pending

Private Equity

Single Bidder

United States

big data

Domestic

Synopsis

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Private equity firms Clearlake Capital Group, TA Associates and Intermediate Capital Group agreed to acquire a majority stake in Precisely, a global software company specializing in Big Data, high-speed sorting products, data integration data quality, data enrichment, and location intelligence offerings, from Centerbridge Partners for $3.5bn. “We believe Precisely is uniquely positioned to meet enterprise customers’ urgent need for secure, trusted, accurate and reliable data both on-premises and in the cloud as they rapidly adopt data integrity software solutions to help support mission-critical business use cases across increasingly disparate data repositories,” Harry Taylor and Michael Libert, TA Associates Managing Director and Principal.

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