M&A Deal Summary

GTCR Acquires Syniverse

On February 14, 2002, private equity firm GTCR acquired information technology company Syniverse

Acquisition Highlights
  • This is GTCR’s 4th transaction in the Information Technology sector.
  • This is GTCR’s 24th transaction in the United States.
  • This is GTCR’s 3rd transaction in Florida.
Investment Fate
  • Syniverse was sold to a financial buyer in 2010 for 2.6B USD.

M&A Deal Summary

Date 2002-02-14
Target Syniverse
Sector Information Technology
Buyer(s) GTCR
Deal Type Buyout (LBO, MBO, MBI)

Target

Syniverse

Tampa, Florida, United States
Syniverse is a provider of technology and business solutions for the global telecommunications industry. Syniverse makes mobile work for more than 900 mobile operators, cable and Internet providers, and enterprises in over 160 countries. Syniverse was founded in 1987 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 24 of 157
Sector: Information Technology M&A 4 of 15
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 29
State: Florida M&A 3 of 13
Country: United States M&A 24 of 148
Year: 2002 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-07 American Medical Laboratories Inc

Chantilly, Virginia, United States

American Medical Laboratories Inc. provides esoteric testing services to various healthcare professionals, and esoteric and routine laboratory testing services in the geographic markets of metropolitan Washington, D.C.; and Nevada.

Sell $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-18 Ovation Pharmaceuticals

Deerfield, Illinois, United States

Ovation Pharmaceuticals is a specialty pharmaceutical company focused on acquiring underpromoted branded pharmaceutical products and promising late-stage development products. Ovation increases the sales of its acquired products through the implementation of active selling efforts, creative marketing programs, and through product life cycle activities that are focused on developing new formulations, new indications, and other product improvements. Ovation is led by CEO Jeff Aronin and Executive Chairman Bill Gantz.

Buy -