Golden Gate Capital today announced it has successfully completed its
acquisition of Ex Libris Global Holdings, a worldwide leader in the
provision of library automation solutions, from Leeds Equity Partners.
Under the new ownership, Ex Libris will remain an independent business
based in Jerusalem, run by the current management team. Terms of the
transaction were not disclosed.
"Ex Libris exemplifies the type of business in which we seek to invest,"
said Prescott Ashe, Managing Director of Golden Gate Capital. "The
Company is a market leader in delivering cloud-based knowledge
management applications with a best-in-class leadership team and
significant growth opportunities. Golden Gate Capital's perpetual fund
structure will enable us to partner with Ex Libris management over the
long-term to further expand the Company's market presence, continue to
develop world-class products, and build the business over time."
"Ex Libris is proud to join Golden Gate Capital, whose software
portfolio represents, on a consolidated revenue basis, the sixth largest
enterprise software company globally," commented Matti Shem Tov, Ex
Libris Group President and CEO. "Golden Gate Capital's positive
assessment of Ex Libris reaffirms ou customers' and management's
confidence in the strength of the Company, its products, and its
strategy. Golden Gate Capital's deep technology experience and financial
resources will support our continued growth as we carry on developing
our software and data services and extending our geographic reach."
Wells Fargo Bank and Guggenheim Corporate Funding, LLC served as lead
arrangers on the debt financing. Jefferies & Company acted as exclusive
financial advisor to Ex Libris.
About Ex Libris
Ex Libris is the leading provider of cloud-based and on-premise content
and knowledge management software solutions for academic and research
institutions. As the only developer and distributor of a comprehensive
suite of electronic, digital and print content management software, Ex
Libris provides products with robust functionality, serving both the
current and developing content management needs of academic and research
libraries. Ex Libris maintains an impressive customer base of over 5,300
institutions in 80 countries. For additional information on Ex Libris,
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment
firm with approximately $12 billion of capital under management. Golden
Gate Capital is dedicated to partnering with world-class management
teams to invest in change-intensive, growth businesses. The firm targets
investments where there is a demonstrable opportunity to significantly
enhance a company's value. The principals of Golden Gate Capital have a
long and successful history of investing with management partners across
a wide range of industries and transaction types. Other notable software
investments sponsored by Golden Gate Capital include Infor, Lawson,
Attachmate, Novell, Aspect Software, Micro Focus, Plant CML, DataDirect,
Escalate and Symon. For more information, visit www.goldengatecap.com.
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