Claranova Completes Buyout of Avanquest Minority Interests

Avanquest (Claranova) to Acquire PDF forge

April 4, 2022

Software

Claranova’s Avanquest division entered into a binding agreement to acquire German PDF document software publisher pdfforge GmbH (“PDF forge”) for €24.5 million. The deal is expected to close no later than June 15, 2022, with €19 million paid at closing and €5.5 million paid one year later.

Clarivate Acquires ProQuest for $5.3 Billion

December 1, 2021

Software

Clarivate plc completed its acquisition of ProQuest, a global software, content, data and analytics provider for research and learning institutions, for $5.3 billion (including repayment of ProQuest debt). The deal was first announced in May 2021 and expands Clarivate’s research intelligence platform with ProQuest’s curated content and SaaS solutions.

Clearlake Capital Completes Acquisition of Quest Software from Francisco Partners

February 2, 2022

Cybersecurity

Clearlake Capital Group completed its acquisition of Quest Software from Francisco Partners, making Clearlake the majority shareholder and partnering with Quest’s existing management team to pursue a buy-and-build strategy. The investment aims to accelerate Quest’s cloud/SaaS adoption, expand its identity-centric cybersecurity, data intelligence, and IT operations management offerings, and drive growth organically and through M&A.

Qvantel Acquires Optiva Inc.

December 31, 2025

Software

Qvantel Oy completed its acquisition of Optiva Inc. via a statutory plan of arrangement, acquiring all issued and outstanding common shares of Optiva. The transaction paid Optiva shareholders C$0.25 per common share, cancelled Optiva's US$108.6 million PIK notes with consideration to noteholders (including purchaser shares, purchaser-issued senior secured notes and warrants), and will result in Optiva being dissolved and delisted from the Toronto Stock Exchange. The combined company expands Qvantel's telecom monetization and digital operations portfolio and supports more than 70 operators with a global workforce exceeding 1,000 professionals.

NEC Corporation Acquires Avaloq from Warburg Pincus

October 4, 2020

Cloud & SaaS

NEC Corporation agreed to acquire 100% of Swiss banking-software provider Avaloq from existing shareholders, including Warburg Pincus, in a transaction valuing Avaloq at CHF 2.05 billion. Avaloq will remain headquartered in Zurich and operate as its own entity while leveraging NEC's research and technology to accelerate innovation in digital banking, SaaS and BPaaS offerings.

Vista Equity Partners Acquires Avalara

October 19, 2022

Cloud & SaaS

Avalara, a tax compliance automation provider, announced the completion of its acquisition by Vista Equity Partners for $93.50 per share in cash, with institutional co-investors. Following completion, Avalara shares ceased trading and the company became private.