Slideshow: Tech Slows but PE-Backed Deals Remain Solid

Technology deals slowed in August, but there were still some notable transactions.

This month has seen 202 U.S. announced tech transactions, totaling $12.9 billion, Thomson Reuters says. The deal value is about one-third of what occurred last year. There were 268 U.S. announced tech mergers in August 2011, totaling roughly $35.6 billion, TR data says (Thomson Reuters is the publisher of peHUB).

Dealogic has some much smaller totals. There have been 145 U.S. announced transactions this month involving tech companies, Dealogic says. The 145 deals are valued at about $3.1 billion. This compares to 186 transactions last year during August, totaling $7.8 billion.

Thomson Reuters says the biggest deal this month is Getty Images. The Carlyle Group announced last week it would buy Getty Images, a leading supplier of stock photos, video and other digital content. The deal is valued at $3.3 billion. Hellman & Friedman is the seller.

Yesterday, my coworker Joanna Glasner bemoaned the lack of VC tech deals. Glasner says there’s been just one newly-announced acquisition of a venture-backed Internet or tech company with a disclosed value of more than $100 million. That was sports site Bleacher Report.

That isn’t the case in private equity (cue chortling). There have been 41 PE-backed U.S. announced transactions this month, totaling $6.5 billion, Thomson Reuters data says. This compares to 46 deals valued at $12.5 billion in August 2011, TR data shows. However, I do acknowledge that the totals, in terms of deal value, are off nearly 50% from 2011.

So here are the top 5 PE backed deals this month, according to Thomson Reuters data.

Photo courtesy of Shutterstock

[slideshow]
[slide title="5. Servigistics"]

Earlier this month, Parametric Technology agreed to buy Servigistics, a management software company, for $220 million in cash.

Servigistics is backed by Marlin Equity.

[slide title="4. Accelerated Payment Tech"]

Last week, Global Payments Inc. agreed to buy payment technology firm Accelerated Payment Technologies for $413 million. Great Hill Partners was the seller.

APT processes online transactions for small and mid-sized merchants.

[slide title="3. Genpact"]

Genpact, on Aug. 1, said Bain Capital agreed to buy 30% of the company from General Atlantic and Oak Hill Capital Partners. Bain is paying $1 billion.

Genpact is a business process and technology services provider.

[slide title="2. SuperMedia"]

Dex One Corp. and SuperMedia agreed to merge in a $100 million deal. The companies are both Yellow Pages publishers.

[slide title="1. Getty Images"]

The top tech deal this month is Getty Images, a leading supplier of stock photos, video and other digital content.

On Aug. 15, the Carlyle Group announced it would buy Getty in a deal valued at $3.3 billion. The seller is Hellman & Friedman which acquired Getty in a $2.4 billion deal.

Hellman & Friedman invested up to $941.3 million equity in Getty as part of 2008 buyout, according to SEC filings.

[/slideshow]

 

 

 

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