M&A Deal Summary

ChinaVest and Madison Industries Acquire eOn Communications

On May 1, 2001, merchant bank ChinaVest and private equity firm Madison Industries acquired technology hardware company eOn Communications for 430M EUR

Acquisition Highlights
  • This is ChinaVest’s 1st and Madison Industries’ 1st transaction in the Technology Hardware sector.
  • This is ChinaVest’s and Madison Industries’ largest (disclosed) transaction.
  • This is ChinaVest’s 1st and Madison Industries’ 8th transaction in the United States.
  • This is ChinaVest’s 1st and Madison Industries’ 1st transaction in Missouri.
Investment Fate
  • eOn Communications merged with another company in 2014.

M&A Deal Summary

Date 2001-05-01
Target eOn Communications
Sector Technology Hardware
Buyer(s) ChinaVest
Madison Industries
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 430M EUR

Target

eOn Communications

Corinth, Missouri, United States
website
eOn Communications Corporation, through its subsidiaries, provides telecommunications solutions in North America, Puerto Rico, and the Virgin Islands. The company operates in two segments, Telephony Products and Puerto Rico.

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Buyer(S) 2

Buyer

ChinaVest

Hong Kong, China

Investor Investor Investor Investor Investor

website


Category Merchant Bank
Founded 1981
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ChinaVest is an investment and merchant banking advisory firm based in China. The firm functions as a bridge to Chinese companies and foreign multi-national corporations. ChinaVest operates primarily as a financial intermediary and as a principal investor. As a financial intermediary, ChinaVest assists foreign multinational companies, local Chinese firms, private equity funds and other investors evaluate and execute cross-border transactions. The firm concentrates on mergers and acquisitions, private placements, divestitures, joint ventures, management buyouts, leveraged buyouts and corporate restructuring in both private and public companies. As a principal investor, ChinaVest takes both majority and minority equity stakes in Chinese firms and may also co-invest with hedge funds or private equity funds. ChinaVest was founded in 1981 has offices in Shanghai, China; Beijing, China; Central, Hong Kong and San Francisco, California.


DEAL STATS #
Overall 1 of 3
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 2
Year (2001) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-10 Stream Machine

Milpitas, California, United States

Stream Machine Co., is a digital home entertainment, providing cost effective semiconductor solutions that enable industry video and audio compression. Stream Machine's proprietary compression technology offers the highest quality video over the widest range of bit-rates and is compatible with all the important consumer standards, including MPEG-2, MP3, and Dolby Digital.

Sell $110M
Buyer

Madison Industries

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
Size Large
Type Sector Focused
DESCRIPTION

Madison Industries is a privately held investment holding firm that targets growth investments in and acquisitions of industrial manufacturing companies. Madison prefers businesses with a defensible market niche, established technology, and significant cash-flow growth potential. Madison will also consider turnaround situations. Target opportunities generally have sales between $50 million and $2 billion. Madison Industries is based in Chicago, Illinois.


DEAL STATS #
Overall 9 of 43
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 19
State (Missouri) 1 of 2
Country (United States) 8 of 37
Year (2001) 3 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-01 Holm Industries

Scottsburg, Indiana, United States

Holm Industries is a North American producer of extruded plastic sealing products for the appliance and construction industries. Through its OEM/Miller unit, Holm is the leading producer of flexible corrugated plastic tubing for the appliance and automotive industries. Headquartered in Scottsburg, Indiana, Holm has six locations across the United States as well as four plants in Mexico and one plant in India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-31 Hudson Products

Beasley, Texas, United States

Hudson Products Corp. is a provider of heat transfer solutions firms providing air-cooled heat exchangers and axial-flow fans to some of the largest processors in the petroleum, natural gas, power generation, petrochemical and chemical industries.

Buy -