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Private equity and PE-backed companies accounted for all material business and tech-enabled services transactions in February, with the largest being Astorg’s acquisition of Anaqua and DiscoverOrg’s acquisition of ZoomInfo

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Sector Report: Business & Tech-Enabled Services February 2019

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EXECUTIVE SUMMARY
Investment banking insights on the Business & Tech-Enabled Services sector
  • Business & Tech-Enabled Services sector saw over $6.7 billion in volume across 748 transactions YTD
  • Private equity and PE-backed companies accounted for all material transactions in February, with the largest being:
    • Astorg acquisition of Anaqua
    • DiscoverOrg acquisition of ZoomInfo
  • Several significant transactions in the marketing services and data space are expected to be announced in the coming months:
    • Take-private of Nielsen
    • Alliance Data Systems divestiture of Epsilon
    • WPP majority stake sale of Kantar
    • Sale of MDC Partners
  • Select February 2019 Business & Tech-Enabled Services Transactions include:
    • Alight acquisition of Wipro’s Workday and Cornerstone OnDemand business
    • Ridgemont Equity Partners acquisition of Backstage
    • Providence Equity investment in Tait
    • Blackstone investment in Lion Point Group
    • Canaccord Genuity acquisition of Petsky Prunier Investment Bankers
    • Astorg Partners acquisition of Anaqua
    • Goldman Sachs investment in Nav
    • Investcorp acquisition of Revature
    • Abry Partners acquisition of Sermo
    • Thompson Street Capital Partners acquisition of BCM One and SIP.us
    • Consolidated Analytics and Eos Partners acquisition of Carrington Property Services
    • Insignia Capital Group acquisition of a minority stake in MediaAlpha
    • DiscoverOrg acquisition of ZoomInfo
    • BV Investment Partners acquisition of Intelliteach
CASE STUDY: SALE OF CAREERTEAM GROUP TO CROSSLANTIC CAPITAL
GCA acted as exclusive financial advisor to TruVenturo, the founder and managers, on the sale of a majority stake in CareerTeam Group, a fast-growing tech-enabled executive search platform, to
Crosslantic Capital
  • Company overview
    • CareerTeam Group is the leading data-driven European executive search platform for digital experts and IT professionals
    • Its recruitment process combines a software-enabled selection and a KPI-based multi-channel search empowered by recruiting teams with long-term industry experience
    • The Company was founded in 2011 and has grown rapidly over the past eight years
  • Commentary and investment banking insights
    • Crosslantic Capital commented:
      • “CareerTeam Group disrupts the executive search industry by applying a technology-driven approach that leads to better and faster outcomes for their clients in need of Digital experts. We are excited to make CareerTeam Group the leading European executive search firm in the digital sector.”
    • “Crosslantic Capital is specialized in fast-growing companies and with their strong know-how and international network they are ideally positioned to support the CareerTeam Group in the upcoming phase.”
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