M&A Deal Summary |
|
|---|---|
| Date | 1999-06-01 |
| Target | MetroNet Communications |
| Sector | Communications |
| Buyer(s) | AT&T |
| Sellers(s) |
Providence Equity Partners
Meritage Funds |
| Deal Type | Merger |
| Deal Value | 7.0B USD |
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| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Communications |
| Employees | 160,700 |
| Revenue | 120.7B USD (2022) |
AT&T is a provider of telecommunications services in the United States and the world. AT&T offers services and products to consumers in the US and services and products to businesses and other providers of telecommunications services worldwide. AT&T's services and products include wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking, and wholesale services. AT&T was founded in 1983 and is headquartered in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 37 |
| Sector (Communications) | 3 of 19 |
| Type (Merger) | 1 of 2 |
| State (Alberta) | 1 of 1 |
| Country (Canada) | 1 of 3 |
| Year (1999) | 2 of 2 |
| Size (of disclosed) | 4 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-03-25 |
LanguageLine Solutions
Monterey, California, United States LanguageLine Solutions, Inc. is a provider of over-the-phone interpretation services from English into more than 150 languages, 24 hours a day, seven days a week. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-11-17 |
Lenfest Communications
United States Lenfest Communications, Inc., is a diversified entertainment and communications company. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 36.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 98 |
| Sector (Communications) | 5 of 18 |
| Type (Merger) | 1 of 7 |
| State (Alberta) | 1 of 2 |
| Country (Canada) | 1 of 3 |
| Year (1999) | 3 of 3 |
| Size (of disclosed) | 4 of 35 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-03-25 |
LanguageLine Solutions
Monterey, California, United States LanguageLine Solutions, Inc. is a provider of over-the-phone interpretation services from English into more than 150 languages, 24 hours a day, seven days a week. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-09-15 |
UOL
Sao Paulo, Brazil UOL is a leading Latin American internet service provider. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Focused |
Meritage Funds is a private investment firm focused on growth equity opportunities. The Firm targets companies that deliver tech-based services that leverage recurring revenue business models. Areas of interest include businesses that 'enable communications, deliver content, and facilitate commerce'. Prospective transaction situations include direct equity financings, recapitalizations, control acquisitions, consolidations, restructurings, spin-outs and management buy-outs. Meritage typically looks to commit $3 to $20 million over the lifecycle of an investment. Meritage Funds was formed in 1998 and is based in Arvada, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 13 |
| Sector (Communications) | 3 of 8 |
| Type (Merger) | 1 of 1 |
| State (Alberta) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (1999) | 1 of 1 |
| Size (of disclosed) | 1 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-01-01 |
Digital Television Services
Radnor, Georgia, United States Provider of contract lodging management services |
Sell | $335M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-08-01 |
Inflow
Thornton, Colorado, United States Inflow, Inc. is a data center operator providing facilities based IT services to companies with critical business and network applications over wired and virtual networks. |
Buy | - |
