M&A Deal Summary

Corona Investment Partners Acquires Printronix

On January 17, 2013, private equity firm Corona Investment Partners acquired technology hardware company Printronix from Vector Capital

Acquisition Highlights
  • This is Corona Investment Partners’ 1st transaction in the Technology Hardware sector.
  • This is Corona Investment Partners’ 1st transaction in the United States.
  • This is Corona Investment Partners’ 1st transaction in California.
Investment Fate
  • Printronix was sold to a strategic buyer in 2021 for 33M USD.

M&A Deal Summary
Date 2013-01-17
Target Printronix
Sector Technology Hardware
Buyer(s) Corona Investment Partners
Sellers(s) Vector Capital
Deal Type Secondary Buyout
Advisor(s) BDA Partners
Moelis & Co. (Financial)

Target

Printronix

Irvine, California, United States
website
Printronix is a manufacturer of line matrix printers. Printronix business services a diverse group of customers that operate across healthcare, food and beverage, manufacturing and logistics, and other sectors. Printronix was founded in 1974 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Corona Investment Partners

website

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Corona Investment Partners is a private equity firm focused on acquisitions of US-based companies. Corona Investment Partners was formed in 2012 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

Vector Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.

DEAL STATS #
Overall 11 of 33
Sector (Technology Hardware) 1 of 3
Type (Secondary Buyout) 1 of 8
State (California) 5 of 11
Country (United States) 10 of 28
Year (2013) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-14 Open Solutions

Glastonbury, Connecticut, United States

Open Solutions LLC is a provider of software and software-enabled outsourcing solutions to banks, thrifts and credit unions.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-25 Tekelec Global

Morrisville, North Carolina, United States

Tekelec Global, Inc. is a provider of signaling and session control systems and software to both wireless and wireline carriers as well as cable network operators.

Sell -
Mergr

Product

Company

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