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New Deal


Announced

Completed

Mill Point Capital completed the acquisition of CrashPlan from Code42 Software.

Financials

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

Tags

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Productivity Software

United States

Majority

Domestic

Acquisition

Single Bidder

Software

Completed

Private

Private Equity

Friendly

Synopsis

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Mill Point Capital, a private equity investment company, completed the acquisition of CrashPlan, a developer of cloud-based endpoint data backup and recovery software, from Code42 Software, a developer of data security and recovery software platform. Financial terms were not disclosed. “CrashPlan is a remarkable product, which has a unique ability to protect individuals and organizations simultaneously. We see strong opportunities to build on our existing features and deliver value to our customers while helping everyone sleep a little better at night," Mason Swenson, CrashPlan Vice President of Product.

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