M&A Deal Summary

Acacia Research Acquires Adaptix

On January 13, 2012, Acacia Research acquired communications company Adaptix from Baker Capital and RunTide Capital for 160M USD

Acquisition Highlights
  • This is Acacia Research’s 1st transaction in the Communications sector.
  • This is Acacia Research’s largest (disclosed) transaction.
  • This is Acacia Research’s 1st transaction in the United States.
  • This is Acacia Research’s 1st transaction in Texas.

M&A Deal Summary
Date 2012-01-13
Target Adaptix
Sector Communications
Buyer(s) Acacia Research
Sellers(s) Baker Capital
RunTide Capital
Deal Type Add-on Acquisition
Deal Value 160M USD
Advisor(s) Evercore Group (Financial)

Target

Adaptix

Carrollton, Texas, United States
website
Adaptix is a wireless technology developer. Adaptix was founded in 2000 and is based in Carrollton, Texas.

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Buyer(S) 1

Buyer

Acacia Research

New York, New York, United States

website

Category Company
Founded 1993
Sector Business Services
Employees263
Revenue 88M USD (2021)
DESCRIPTION

Acacia Research is a provider of patent licensing. An intermediary in the patent marketplace, Acacia partners with inventors and patent owners to unlock the financial value in their patented inventions. Acacia Research was founded in 1993 and is headquartered in New York, New York.

DEAL STATS #
Overall 1 of 3
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Texas) 1 of 2
Country (United States) 1 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 Printronix

Irvine, California, United States

Printronix is a manufacturer of line matrix printers. Printronix business services a diverse group of customers that operate across healthcare, food and beverage, manufacturing and logistics, and other sectors. Printronix was founded in 1974 and is based in Irvine, California.

Buy $33M

Seller(S) 2

SELLER

Baker Capital

New York, New York, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 1995
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baker Capital is a specialist private equity firm focused on the opportunity in the communications industry created by deregulation, new technology, and growth of the internet. Baker looks for investments in communications equipment, services, and applications providers. Baker prefers to exit investments within 5 years. Baker Capital was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 15 of 17
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 10 of 12
State (Texas) 1 of 1
Country (United States) 10 of 11
Year (2012) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Dotster

Vancouver, Washington, United States

Dotster, Inc. is a provider of Internet domain name registration, hosting, email, and associated services to the SME market. Dotster was founded in 2000 and is based in Vancouver, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 CoreValue Advisor Software

Lebanon, New Hampshire, United States

CoreValue Advisor Software is a provider of software services. CoreValue Advisor Software is based in Lebanon, New Hampshire.

Buy -
SELLER

RunTide Capital

Investor Investor Investor Investor

website

Category Growth Capital Firm
Size Small
Type Sector Agnostic
DESCRIPTION

RunTide Capital is a private investment group focused on providing growth capital to expansion stage companies. The Firm looks to commit $15 to $35 million per transaction and will consider opportunities throughout North America and Europe. Sectors of interest include digital media, SaaS, mobile services, digital analytics, digital marketing, e-commerce, communications, and cloud computing. RunTide Capital is based in New York City.

DEAL STATS #
Overall 2 of 3
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 Penumbra Brands

Encinitas, California, United States

Penumbra Brands is a developer of wireless devices to interact optimally with both wireless networks and users. Penumbra Brands was formed in 2008 and is based in Encinitas, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-15 BinWise

San Francisco, California, United States

BinWise is a complete online platform for procurement, management, and fulfillment of wine, beer, and liquor. Binwise is designed by sommeliers to help restaurateurs become more successful by streamlining the operational aspects of beverage management. BinWise was founded in 2007 and is based in San Francisco, California.

Buy -
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