Golden Gate Capital has completed its acquisition of Ex Libris Global Holdings, a provider 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,” says 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,” says Matti Shem Tov, Ex Libris Group president and chief executive. “Golden Gate Capital’s positive assessment of Ex Libris reaffirms our 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 served as lead arrangers on the debt financing. Jefferies & Company acted as exclusive financial adviser to Ex Libris.
