Investment Summary

Halpern Denny Invests In Intellispace

On October 22, 2001, private equity firm Halpern Denny invested in communications company Intellispace for 70M USD

Investment Highlights
  • This is Halpern Denny’s 1st transaction in the Communications sector.
  • This is Halpern Denny’s largest (disclosed) transaction.
  • This is Halpern Denny’s 6th transaction in the United States.
  • This is Halpern Denny’s 1st transaction in New Jersey.
Investment Fate
  • Intellispace was sold to a strategic buyer in 2006.

Investment Summary

Date 2001-10-22
Target Intellispace
Sector Communications
Investor(s) Halpern Denny
Deal Type Venture
Deal Value 70M USD

Target

Intellispace

Hackensack, New Jersey, United States
IntelliSpace, Inc. provides ethernet IP-based services. Its services include bandwidth, email, firewall, media services, professional services, PC backup, virus/spam/porn protection, virtual private network services, Web hosting, and wireless networks.

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Investor(S) 1

Investor

Halpern Denny

Boston, Massachusetts, United States

website


Category Private Equity Firm
Founded 1991
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Halpern, Denny & Co. is a private equity investment firm that targets management buyouts and high growth, late stage expansion financings. In general, investments range between $5 million to $50 million per portfolio company. Investments less than $5 million are considered if the potential for return is either very high or if there is a follow-on investment opportunity. Moreover, investments up to $100 million can be completed with Halpern Denny co-investors. Industries of particular interest to Halpern, Denny & Co. include consumer, media/communications, distribution, specialty manufacturing, and healthcare. Halpern, Denny & Co. was formed in 1991 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 6 of 11
Sector (Communications) 1 of 1
Type (Venture) 2 of 3
State (New Jersey) 1 of 1
Country (United States) 6 of 11
Year (2001) 3 of 3
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-06 Decision Management International

Bradenton, Florida, United States

Decision Management International, Inc. is a provider of software and associated consulting services for complexity reduction for FDA-regulated industries.

Buy $14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-09 Pathfire

Irving, Texas, United States

Pathfire, Inc. operates in the emerging market for digitizing, distributing, and managing various types of media and entertainment content through a proprietary digital network linking the owners and producers of various types of content with the consumer of that content.

Buy $27M