M&A Deal Summary

Coriant Acquires Sycamore Networks Solutions

On June 19, 2013, Coriant acquired technology hardware company Sycamore Networks Solutions from Marlin Equity Partners

Acquisition Highlights
  • This is Coriant’s 1st transaction in the Technology Hardware sector.
  • This is Coriant’s 1st transaction in the United States.
  • This is Coriant’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2013-06-19
Target Sycamore Networks Solutions
Sector Technology Hardware
Buyer(s) Coriant
Sellers(s) Marlin Equity Partners
Deal Type Merger

Target

Sycamore Networks Solutions

Chelmsford, Massachusetts, United States
Sycamore Networks Solutions, Inc. is a provider of intelligent optical networking and multiservice access solutions that enable fixed line and mobile operators to improve utilization of network capacity, increase operational efficiencies and cost-effectively transition from circuit to packet services while ensuring the highest degree of service availability.

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Buyer(S) 1

Buyer

Coriant

Naperville, Illinois, United States

Category Company
Founded 2013
Sector Technology Hardware
DESCRIPTION
Entrance to Coriant's corporate headquarters in Naperville, Illinois.
Entrance to Coriant's corporate headquarters in Naperville, Illinois.

Coriant, Inc. is a developer of an innovative and dynamic networking solutions for a fast-changing and cloud-enabled business world. The Coriant portfolio of SDN-enabled, edge-to-core transport solutions enables network operators to reduce operational complexity, improve utilization of multi-layer network resources, and create new revenue-generating services optimized for the evolving demands of business and consumer applications, including video, mobile, and cloud. Coriant is based in Naperville, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Merger) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


DEAL STATS #
Overall 9 of 57
Sector (Technology Hardware) 1 of 4
Type (Merger) 1 of 9
State (Massachusetts) 2 of 3
Country (United States) 7 of 43
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 Coriant

Naperville, Illinois, United States

Coriant, Inc. is a developer of an innovative and dynamic networking solutions for a fast-changing and cloud-enabled business world. The Coriant portfolio of SDN-enabled, edge-to-core transport solutions enables network operators to reduce operational complexity, improve utilization of multi-layer network resources, and create new revenue-generating services optimized for the evolving demands of business and consumer applications, including video, mobile, and cloud. Coriant is based in Naperville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-24 eHealth Solutions

New York, New York, United States

eHealth Solutions, Inc. (dba SigmaCare) develops and markets innovative, best-in-class clinical solutions for long-term and post-acute care (LTPAC) facilities that lower risk, reduce rehospitalizations, decrease costs and increase reimbursement. SigmaCare automates the complete workflow, delivers clinical decision support, integrates with third-party providers and improves coordination across care settings.

Buy -