M&A Deal Summary

Atlantic Bridge Acquires FireComms

On April 28, 2006, growth capital firm Atlantic Bridge acquired semiconductors company FireComms

Acquisition Highlights
  • This is Atlantic Bridge’s 2nd transaction in the Semiconductors sector.
  • This is Atlantic Bridge’s 3rd transaction in Ireland.
Investment Fate
  • FireComms was sold to a strategic buyer in 2010.

M&A Deal Summary

Date 2006-04-28
Target FireComms
Sector Semiconductors
Buyer(s) Atlantic Bridge
Deal Type Buyout (LBO, MBO, MBI)

Target

FireComms

Cork, Ireland
Firecomms Limited is a photonics consumer electronics semiconductor company. Its technology exploits advances in III-V compound physics and has led to the creation of the world's first visible vertical cavity lasers (VCSELs) and visible high performance resonant cavity leds (RCLEDs). Firecomms already has significant design wins and customer activity for its products and is well positioned to maintain its lead in the markets in which it operates.

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Buyer(S) 1

Buyer

Atlantic Bridge

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 1.0B EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Atlantic Bridge is a growth capital firm focused on mid-market technology businesses across Europe, the US, Middle East, and China. Specific areas of interest include machine learning, robotics, computer visioning, cloud, IoT and big data. Atlantic Bridge generally prefers 'domain-specific companies' as well as businesses that can benefit from transatlantic opportunities. Atlantic Bridge was formed in 2006 and is based in Dublin.


DEAL STATS #
Overall 7 of 34
Sector: Semiconductors M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 4
Country: Ireland M&A 3 of 7
Year: 2006 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-27 Accuris Networks

Dublin, Ireland

Accuris Networks Ltd. is a provider of carrier-grade Wi-Fi Offload and Roaming Inter-Working solutions for data, voice and messaging. Accuris Networks helps service providers monetise the connectivity between networks enabling subscribers to move seamlessly and securely between LTE, GSM, Wi-Fi, IPX and fixed networks while ensuring a superior quality of experience. Accuris Networks Ltd. was founded in 1997 and is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-20 Acision

Reading, United Kingdom

Acision Ltd. is a provider of converged mobile messaging solutions for text and multimedia messaging for 300 customers, who serve over 1 billion consumers worldwide. They also provide voice and video mail services and are a leading provider of intelligent payment solutions for both pre- and post-paid users, and innovative products for content and media and customer intelligence management that offers real-time analysis of customer behaviour.

Buy -