M&A Deal Summary

Sinch Acquires Inteliquent

On February 17, 2021, Sinch acquired communications company Inteliquent from GTCR for 1.1B USD

Acquisition Highlights
  • This is Sinch’s 2nd transaction in the Communications sector.
  • This is Sinch’s 3rd largest (disclosed) transaction.
  • This is Sinch’s 2nd transaction in the United States.
  • This is Sinch’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-02-17
Target Inteliquent
Sector Communications
Buyer(s) Sinch
Sellers(s) GTCR
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Inteliquent

Chicago, Illinois, United States
website
Inteliquent is a communication enablement platform offering nationwide wholesale communication services. The company provides easy-to-use voice, messaging and mobility solutions to the wireless, over-the-top app, VoIP and wireline communications companies that choose to focus on customer-facing applications and service rather than infrastructure management. Inteliquent combines an intuitive software-based application program interface with its nationwide network of physical switches and dedicated transport to offer its leading wholesale telecommunication services.

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Buyer(S) 1

Buyer

Sinch

Stockholm, Sweden

website


Category Company
Founded 2008
Sector Internet Software and Services
Employees1,716
Revenue 8.0B SEK (2020)
DESCRIPTION

Sinch brings businesses and people closer with tools enabling personal engagement. Its cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice, and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many companies. Sinch was formed in 2008 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 7 of 9
Sector (Communications) 2 of 3
Type (Add-on Acquisition) 5 of 7
State (Illinois) 1 of 1
Country (United States) 2 of 3
Year (2021) 1 of 3
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-15 ACL Mobile

Noida, India

ACL Mobile is a communications platform provider to businesses in Southeast Asia. Its platform enables large and leading enterprises to engage their customers over multiple channels including SMS, voice, email, IP messaging, and WhatsApp. Since the inception in 2000, It has been developing technical infrastructure to help businesses reach their customers swiftly, securely, and cost-effectively. Their communications platforms boast the lowest latency in the industry and handle billions of interactions each month. ACL Mobile was formed in 2000 and is based in Noida, India.

Buy Rs5.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 MessageMedia

Melbourne, Australia

Message4u Pty Ltd. is a global messaging provider that helps businesses of all sizes -- from SMBs to enterprise-level -- better connect with customers. Message4u is based in Melbourne, Australia.

Buy $1.3B

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 80 of 84
Sector (Communications) 6 of 6
Type (Add-on Acquisition) 39 of 40
State (Illinois) 9 of 10
Country (United States) 77 of 81
Year (2021) 2 of 4
Size (of disclosed) 9 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Riverchase Dermatology and Cosmetic Surgery

Fort Myers, Florida, United States

Riverchase Dermatology and Cosmetic Surgery is a provider of dermatology and cosmetic services, offering advanced treatment options for skin cancer, general dermatology, and cosmetic procedures. Riverchase Dermatology and Cosmetic Surgery was established in 2000 and is headquartered in Fort Myers, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-23 Wells Fargo Asset Management

San Francisco, California, United States

Wells Fargo Asset Management (WFAM) is an asset management firm with more than $600 billion in assets under management and investment capabilities across diverse asset classes.

Buy $2.1B