Add-on Acquisition • Electronics

Jabil Acquires Celetronix USA

On January 17, 2006, Jabil acquired electronics company Celetronix USA from Golden Gate Capital, Alta Partners and WestBridge Capital Partners

Acquisition Context
  • This is Jabil’s 1st transaction in the Electronics sector.
  • This is Jabil’s 1st transaction in the United States.
  • This is Jabil’s 1st transaction in California.

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M&A Deal Summary

Date January 17, 2006
Target Celetronix USA
Sector Electronics
Buyer(s) Jabil
Sellers(s) Golden Gate Capital
Alta Partners
WestBridge Capital Partners
Deal Type Add-on Acquisition

Target Company

Celetronix USA

Simi Valley, California, United States
Celetronix USA, Inc. provides electronic design and prototyping services through manufacturing and supply chain management.
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Buyer Overview 1

Buyer

Jabil

St. Petersburg, Florida, United States

Category Company
Founded 1996
Sector Manufacturing
Employees138,000
Revenue 28.9B USD (2024)
DESCRIPTION
Jabil Circuit's corporate headquarters in St. Petersburg, Florida.
Jabil Circuit's corporate headquarters in St. Petersburg, Florida.

Jabil is an electronic solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Jabil was founded in 1996 and is based in St. Petersburg, Florida.


Deal Context for Buyer #
Overall 1 of 12
Sector: Electronics 1 of 1
Type: Add-on Acquisition 1 of 12
State: California 1 of 2
Country: United States 1 of 8
Year: 2006 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-05 Somera Communications

Coppell, Texas, United States

Somera Communications, Inc. is a provider of telecommunications operators with equipment deployment services to optimize their networks and equipment assets.

Buy -

Seller Profiles 3

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


Deal Context for Seller #
Overall 9 of 86
Sector: Electronics 1 of 1
Type: Add-on Acquisition 5 of 39
State: California 4 of 19
Country: United States 7 of 78
Year: 2006 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-02 Appleseeds

Middleton, Massachusetts, United States

Appleseed's is a provider of updated classic apparel for women who value style, quality and comfort in their clothes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-21 Hansen Information Technologies

Alpharetta, Georgia, United States

Hansen is the world's leading provider of intelligent, adaptive, and pervasive solutions that help manage government transactions. Headquartered in Rancho Cordova, California, the company is a privately-held corporation employing over 260 people with offices in Auckland, London, Melbourne, Perth, Sydney, and Toronto.

Buy -
SELLER

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.


Deal Context for Seller #
Overall 26 of 85
Sector: Electronics 1 of 2
Type: Add-on Acquisition 18 of 45
State: California 13 of 41
Country: United States 24 of 75
Year: 2006 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-12 Aerie

Durham, North Carolina, United States

Aerie is a pharmaceutical company focused on the discovery, development, and commercialization of first-in-class ophthalmic therapies for the treatment of patients with eye diseases and conditions including open-angle glaucoma, dry eye, and diabetic macular edema (DME) and wet age-related macular degeneration (wet AMD). Aerie was founded in 2005 and is based in Durham, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-24 Proacta

San Diego, California, United States

Proacta Therapeutics is developing a new generation of cancer drugs that uniquely target the physiological attributes of solid tumors. Proacta's first lead program, a hypoxia-targeted small-molecule prodrug, is designed to improve the outcomes of current treatment regimens, including chemotherapy and radio therapy. Proacta is currently conducting a Phase II trial in small cell lung cancer.

Buy -
SELLER

WestBridge Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 7.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

WestBridge Capital Partners, LLC is a private investment firm focused on growth-oriented opportunities across India. WestBridge looks to partner alongside promising mid-sized companies and typically seeks to commit $10 to $80 million of minority capital per transaction. WestBridge Capital Partners is based in Ebene, Mauritius.


Deal Context for Seller #
Overall 1 of 12
Sector: Electronics 1 of 1
Type: Add-on Acquisition 1 of 6
State: California 1 of 1
Country: United States 1 of 3
Year: 2006 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-10 Indecomm Global Services Ind Pvt

Pune, India

Indecomm Global Services (India) Private Limited designs and delivers learning technology solutions and market readiness solutions in the areas of financial, technology, telecom, logistics, life sciences, aviation, energy, utility, and manufacturing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-30 Zavata

Conshohocken, Pennsylvania, United States

Zavata, a voice tech help desk provider to large enterprise customers, was acquired in by Apollo Health Street (AHS), a global healthcare outsourcing solutions provider.

Sell Rs700M