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2020 Technologies Has Agreed to be Acquired by Golden Gate Capital

Monday, May 1, 2017

2020-Technologies


William Blair is acting as exclusive financial advisor to 2020 Technologies, a portfolio company of Vector Capital, in connection with its pending sale to Golden Gate Capital. The transaction is subject to customary closing conditions and regulatory approval, with an anticipated close date in May 2017.

Transaction Highlights

  • Deep relationships and industry expertise: Both 2020 and Vector were attracted to William Blair’s extensive knowledge and industry experience within the engineering and technical software (e.g., CAD, CAM, PLM, and MES Software) sector, as well as its strong relationships and unique insight into the most aggressive and likely strategic and financial acquirers.
  • Process and execution excellence: William Blair constructed and managed a competitive process with a group of potential strategic and financial acquirers. Successfully positioning 2020 as a clear vertical market software subsegment leader, William Blair produced a strong competitive dynamic and ultimately facilitated an exceptional outcome for 2020’s shareholders.
  • Instrumental guidance and counsel:  William Blair’s transaction team was integrally involved throughout each step of the transaction process, including close collaboration with 2020 in developing marketing materials and key analyses, coordinating due diligence with multiple parties, and negotiating exceptional contract terms.

About the Companies

2020 Technologies is the leading provider of space planning computer-aided design (CAD) software for retailers, manufacturers, and professional designers worldwide. The company is the premier choice for enabling the space planning lifecycle from the initial design idea by a homeowner or office customer to the scheduling of product delivery. 2020 has amassed 19,000 customers in 90 countries spanning from large global enterprises to midsize and small businesses.

Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. With $3.4 billion of capital under management, Vector identifies and pursues these investments in both the private and public markets. It actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of these businesses and enhance their value for employees, customers, and shareholders.

Golden Gate Capital is a private equity investment firm with over $15 billion of capital under management. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. 

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