This week, Frank Quattrone’s investment bank advised on two big-name deals. The most notable was Electronic Arts’ proposed buy of PopCap (Quatalyst advised PopCap) and the second was Citrix’s acquisition of Cloud.com (Qatalyst provided guidance Citrix).
So far, July has been very good to Qatalyst. Earlier this month, GoDaddy finally announced plans to sell itself to some PE firms for $2.25 billion. Qatalyst advised GoDaddy on that deal. Qatalyst’s largest deal this year was Texas Instruments $6.5 billion purchase of National Semiconductor.
The San Francisco investment bank really set tongues a waggin’ when it advised 3Par last year. The data storage company was the subject of a highly publicized bidding war between Dell and HP. Dell initially bid $18 a share for 3Par, but HP ultimately “won” the deal when it paid $32 a share, or $2.4 billion.
So far in 2011, Qatalyst has worked on more than a dozen deals valued at $14.7 billion, according to Dealogic (these results were tabulated before the Popcap transaction). This ranks the firm 22nd among investment banks, Dealogic said. Last year, the investment bank advised on six deals, valued at $8.1 billion, and ranked 34th, Dealogic reported.
One notable trend this year is that Qatalyst has advised the target in all but two deals. I guess that makes sense in light of the great price Qatalyst got for 3Par.
For those who may have forgotten, Quattrone (pictured) was found guilty in 2004 of obstructing justice and witness tampering, but the conviction was overturned on appeal in 2006. He founded Qatalyst Partners in early 2008 and the investment bank has quickly become one of the more sought after tech advisors.
Here’s a slideshow of Qatalyst’s 13 deals this year.
Advisor for Citrix: Qatalyst
Details: On Tuesday, Citrix announced it had bought Cloud.com, which makes software infrastructure for cloud providers. The deal is a boon for VCs such as Index Ventures, Redpoint Ventures and Nexus Venture Partners, which invested $11 million in the company. (Goldman Sachs advised Cloud.com.)
[slide title=”No. 12: Walmart Goes Kosmix “]
Advisor for Kosmix: Qatalyst
Details: Walmart went social in April when it announced it was buying Kosmix. The deal was reportedly valued at roughly $300 million. Mountain View, Calif.-based Kosmix has developed a platform that filters and organizes content in social networks to connect people with real-time information. Accel Partners, DAG Ventures, Lightspeed Venture Partners and Time Warner have invested $55 million in Kosmix, according to DJ Venture Wire.
[slide title=”No. 11: Tencent Buys Riot Games “]
Advisor for Riot Games: Qatalyst
Details: Earlier this year, Tencent bought Riot Games, a Los Angeles based online game publisher. The deal was valued at about $350 million. Riot Games had previously raised $19 million over three rounds from Benchmark Capital and FirstMark Capital, according to Thomson Reuters (publisher of peHUB).
[slide title=”No. 10: EBay to Buy Zong “]
Advisor for Zong: Qatalyst
Details: EBay last week announced it was buying Zong for $240 million as it seeks to strengthen its PayPal platform. Zong lets consumers pay for purchases from their mobile phones or computers through direct carrier billing. Users pay by punching in their mobile phone number and payment is billed to that customer’s wireless service account, according to CNET. Zong raised $15 million in one round in April 2010 from Matrix Partners, according to Thomson Reuters (publisher of peHUB).
[slide title=”No. 9: Golden Gate Wins Conexant “]
Advisor for Conexant: Qatalyst
Details: Golden Gate Capital earlier this year swooped in with a $300 million offer for Conexant Systems, which already had a $284 million offer from Standard Microsystems. Conexant ended up choosing Golden Gate.
[slide title=”No. 8: SanDisk Buys Pliant Tech “]
Advisor for Pliant: Qatalyst
Details: In May, SanDisk, a flash memory chip maker, agreed to buy Pliant Technology for $327 million. Pliant makes enterprise solid state drives, according to VentureBeat.
[slide title=”No. 7: CA Technologies Deals for Interactive TKO “]
Advisor for Interactive TKO: Qatalyst
Details: CA Technologies last month agreed to spend $330 million for Interactive TKO. The transaction is still pending. Interactive, of Plano, Texas, makes software that allows customers to predict how their applications will perform in different environment, according to Thomson Reuters
[slide title=”No. 6: NRG Commerce Buys GSI Commerce “]
Advisor for NRG Commerce: Qatalyst
Details: Earlier this year eBay agreed to buy GSI Commerce for about $2.4 billion. As part of the deal, eBay agreed to divest all of GSI’s licensed sports merchandise business and 70% of ShopRunner and Rue La La to a holding company, NRG Commerce, led by GSI founder and CEO Michael Rubin. EBay is lending NRG $467 million and will retain a 30% stake in ShopRunner and Rue La La. Rubin is investing $31 million cash.
[slide title=”No. 5: DG FastChannel Buys MediaMind Technologies”]
Advisor for MediaMind Technologies: Qatalyst
Details: DG FastChannel last month agreed to buy MediaMind Technologies for roughly $515.6 million. MediaMind is a digital advertising company that went public last year.
[slide title=”No. 4: EA to Acquire Popcap”]
Advisor for Popcap Games: Qatalyst
Details: This week Electronic Arts announced it would buy PopCap Games for about $750 million. (With earnouts, the price tage could go up to $1.3 billion.) PopCap makes games — such as Plants vs. Zombies, Bejeweled and Zuma — for mobile phones, tablets, PCs and social network sites. PopCap raised $22.5 million in one round from Meritech Capital Partners and an undisclosed individual in October 2009, according to Thomson Reuters (publisher of peHUB). (Morgan Stanley and UBS advised EA on the deal.)
[slide title=”No. 3: KKR, Silver Lake and TCV Buy GoDaddy”]
Advisor for GoDaddy.com: Qatalyst
Details: Last September, GoDaddy hired Qatalyst to look for buyers, but the auction was scuttled a few months later for reasons that were never disclosed. GoDaddy, the world’s largest domain registrar, agreed to sell itself earlier this month to KKR, Silver Lake Partners and Technology Crossover Ventures for a reported $2.25 billion. Jonathan Turner and Frank Quattrone of Qatalyst advised GoDaddy. (The buyers were advised by Deutsche Bank, RBC Capital markets and Barclays Capital.)
[slide title=”No. 2: Qualcomm Buys Atheros Communications”]
Advisor for Atheros: Qatalyst
Details: Qatalyst started off the year with a bang when Qualcomm agreed to buy Atheros Communications, a chip maker, for roughly $3.5 billion. The deal is the largest to date for Qualcomm, a wireless tech company, according to Dealbook.
[slide title=”No. 1: Texas Instruments Buys National Semiconductor”]
Advisors for National Semiconcutor: Qatalyst and Goldman Sachs
Details: Qatalyst’s biggest deal this year came from two honored names in the chip business. In April, Texas Instruments agreed to buy National Semiconductor for $6.5 billion. This time, Qatalyst didn’t fly solo but hooked up with Goldman Sachs to advise National Semiconductor.