M&A Deal Summary

Apple Acquires Beats Electronics

On May 28, 2014, Apple acquired electronics company Beats Electronics from The Carlyle Group for 3.0B USD

Acquisition Highlights
  • This is Apple’s 2nd transaction in the Electronics sector.
  • This is Apple’s largest (disclosed) transaction.
  • This is Apple’s 42nd transaction in the United States.
  • This is Apple’s 29th transaction in California.

M&A Deal Summary
Date 2014-05-28
Target Beats Electronics
Sector Electronics
Buyer(s) Apple
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 3.0B USD

Target

Beats Electronics

Santa Monica, California, United States
website
Beats headphone display at a Best Buy retail store.
Beats headphone display at a Best Buy retail store.
Beats Electronics LLC as the brainchild of legendary artist and producer Dr. Dre and Chairman of Interscope Geffen A&M Records Jimmy Iovine, Beats Electronics is the parent company of the Beats™ by Dr. Dre™ line of high-quality headphones and speakers, as well as Beats Audio™ HD-sound systems.

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Buyer(S) 1

Buyer

Apple

Cupertino, California, United States

website

Category Company
Founded 1977
Sector Technology Hardware
Employees164,000
Revenue 394.3B USD (2022)
DESCRIPTION

Apple is a diversified technology company offering technology hardware, software, and media. Apple sells a line of computers, cell phones, tablets - as well as manages an ecosystem of apps. Apple was founded in 1977 and is based in Cupertino, California.

DEAL STATS #
Overall 57 of 111
Sector (Electronics) 2 of 2
Type (Add-on Acquisition) 57 of 110
State (California) 29 of 48
Country (United States) 42 of 71
Year (2014) 5 of 9
Size (of disclosed) 1 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-02 LuxVue Technology

Santa Clara, California, United States

LuxVue Technology, that develops low-power, microLED-based display technology for consumer tech products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-06 Simple Rules

San Francisco, California, United States

Spotsetter provides personalized recommendations for places to go. Here we share our thinking and engineering behind making our users happy.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 253 of 443
Sector (Electronics) 6 of 6
Type (Add-on Acquisition) 115 of 184
State (California) 21 of 34
Country (United States) 157 of 250
Year (2014) 11 of 24
Size (of disclosed) 9 of 130
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-21 Talent Partners

Chicago, Illinois, United States

Talent Partners, Inc. provider of business affairs solutions for advertisers and agencies, including the management of talent contracts and payment and the handling of rights and royalties for commercials across TV and digital video advertising.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-29 Oyatsu

Mie, Japan

Oyatsu is a manufacturer of Baby-Star ramen snacks. Oyatsu was formed in 1948 and is based in Mie, Japan.

Buy -
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