M&A Deal Summary

Innovate Acquires Arbinet

On November 11, 2010, Innovate acquired communications company Arbinet for 28M USD

Acquisition Highlights
  • This is Innovate’s 1st transaction in the Communications sector.
  • This is Innovate’s largest (disclosed) transaction.
  • This is Innovate’s 1st transaction in the United States.
  • This is Innovate’s 1st transaction in Virginia.

M&A Deal Summary
Date 2010-11-11
Target Arbinet
Sector Communications
Buyer(s) Innovate
Deal Type Merger
Deal Value 28M USD
Advisor(s) The Bank Street Group LLC (Financial)
Mintz Levin Cohn Ferris Glovsky and Popeo PC (Legal)

Target

Arbinet

Herndon, Virginia, United States
website
Arbinet is a provider of international voice and IP solutions to carriers and service providers globally. With more than 1,100 carriers across the world utilizing the Arbinet network, Arbinet combines global scale with sophisticated platform intelligence, call routing and industry leading credit management and settlement capabilities.

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Buyer(S) 1

Buyer

Innovate

New York, New York, United States

website

Category Company
Founded 1994
Sector Diversified
Employees3,565
Revenue 1.6B USD (2022)
DESCRIPTION

Innovate is a diversified holding company which seeks to acquire and grow businesses that generate sustainable free cash flow. Innovate has a diverse array of operating subsidiaries, each with its own dedicated management team, across a broad set of industries, including, but not limited to, telecom/infrastructure, large-scale U.S. construction, energy, and life sciences. Innovate was founded in 1994 and is based in New York, New York.

DEAL STATS #
Overall 1 of 6
Sector (Communications) 1 of 1
Type (Merger) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 6
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-17 BLACKIRON Data

Etobicoke, Ontario, Canada

BLACKIRON Data is a pure-play provider of data centre and cloud computing services in Canada with approximately 4,000 customers.

Sell $200M
Mergr

Product

Company

Legal