Investment Summary

Exits Xyratex

On June 24, 2004, invested in technology hardware company Xyratex from HgCapital

Investment Highlights
  • This is transaction in the Technology Hardware sector.
  • This is transaction in the United Kingdom.
Investment Fate
  • Xyratex was sold to a strategic buyer in 2014.

Investment Summary

Date 2004-06-24
Target Xyratex
Sector Technology Hardware
Sellers(s) HgCapital
Deal Type IPO

Target

Xyratex

Hampshire, United Kingdom
website
Xyratex is a world-leading storage technology company, focused on creating essential building blocks for data storage networks, and technology for enabling high-performance digital communication networks and storage devices.

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Seller(S) 1

SELLER

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 9.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 2 of 84
Sector (Technology Hardware) 1 of 1
Type (IPO) 1 of 2
Country (United Kingdom) 2 of 43
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 Hirschmann Automation and Control

Neckartenzlingen, Germany

Hirschmann Automation and Control GmbH, is a supplier of electronics equipment, components and related accessories. Its principal products include rail-mounted industrial Ethernet and other industrial networking equipment, sophisticated car-antenna electronics, television transmission equipment, and safety systems for mobile plant equipment such as cranes.

Buy €115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 IRIS

Berkshire, United Kingdom

IRIS is a private software house supplying business management solutions to over 60,000 customers, from start-ups to large organisations. IRIS was founded in 1978 and is based in Berkshire, United Kingdom.

Buy £102M