Investment Summary

Cornerstone Equity Investors Invests In Arraycomm

On September 6, 2000, Cornerstone Equity Investors invested in communications company Arraycomm for 34M USD

Investment Highlights
  • This is Cornerstone Equity Investors’ 1st transaction in the Communications sector.
  • This is Cornerstone Equity Investors’ largest (disclosed) transaction.
  • This is Cornerstone Equity Investors’ 8th transaction in the United States.
  • This is Cornerstone Equity Investors’ 1st transaction in Illinois.
Investment Fate
  • Arraycomm was sold to a strategic buyer in 2005.

Investment Summary

Date 2000-09-06
Target Arraycomm
Sector Communications
Investor(s) Cornerstone Equity Investors
Deal Type Venture
Deal Value 34M USD

Target

Arraycomm

Buffalo Grove, Illinois, United States
website
ArrayComm is a full-line provider of physical layer solutions for wireless infrastructure and client device applications. We are a world leader in multi-antenna signal (MAS) processing, delivering the A‑MAS™ suite of 4G commercial MAS software for base station and mobile / CPE applications, which combines MIMO; beamforming; interference cancellation; and enhancements for uplink, downlink, and control channels to improve end-user experiences and radio network economics through gains in coverage, client data rates, and system capacity. Our comprehensive and flexible PHY solutions include optimized DSP software and hardware accelerators for WiMAX and LTE that save development costs and time to market.

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Investor(S) 1

Investor

Cornerstone Equity Investors

Stamford, Connecticut, United States

website


Category Private Equity Firm
Founded 1996
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cornerstone Equity Investors is private equity firm focused on investing in and acquiring middle-market leveraged buyouts of corporate divisions, closely held private companies and small capitalization public companies. The Firm targets businesses with at least $5 million of EBITDA and valued between $50 and $350 million. Cornerstone can invest up to $100 million per transaction. Broad industries of interest include business services, healthcare, and specialty manufacturing. Cornerstone originated as Prudential Equity Investors in 1984 and became independent in 1996. Cornerstone Equity is based in New York City.


DEAL STATS #
Overall 8 of 11
Sector (Communications) 1 of 1
Type (Venture) 2 of 3
State (Illinois) 1 of 1
Country (United States) 8 of 11
Year (2000) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-30 Neptco

Pawtucket, Rhode Island, United States

NEPTCO engineers and manufactures materials for the production of copper cable and electronic packaging products used in a wide variety of commercial, industrial and military applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-16 Inseego

Alpharetta, Georgia, United States

Inseego is a provider of wireless broadband access solutions for the worldwide mobile communications market. Inseego was founded in 1996 and is based in San Diego, California.

Sell -