M&A Deal Summary

Advantage Capital Partners and MatlinPatterson Global Advisers Acquire Broadpoint

On May 1, 2007, growth capital firm Advantage Capital Partners and distressed investor MatlinPatterson Global Advisers acquired communications company Broadpoint

Acquisition Highlights
  • This is Advantage Capital Partners’ 4th and MatlinPatterson Global Advisers’ 1st transaction in the Communications sector.
  • This is Advantage Capital Partners’ 52nd and MatlinPatterson Global Advisers’ 2nd transaction in the United States.
  • This is Advantage Capital Partners’ 4th and MatlinPatterson Global Advisers’ 1st transaction in Texas.

M&A Deal Summary

Date 2007-05-01
Target Broadpoint
Sector Communications
Buyer(s) Advantage Capital Partners
MatlinPatterson Global Advisers
Deal Type Consolidation
Advisor(s) Freeman & Co. (Financial)

Target

Broadpoint

Webster, Texas, United States
Broadpoint is a comprehensive telecommunications company devoted to meeting the specific needs of the oil and gas industry. The company offers a complete range of cellular and satellite communications solutions and operates the world's largest offshore cellular network covering 100,000 square miles in the Gulf of Mexico.

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Buyer(S) 2

Buyer

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 52 of 329
Sector: Communications M&A 4 of 6
Type: Consolidation M&A Deals 1 of 1
State: Texas M&A 4 of 19
Country: United States M&A 52 of 325
Year: 2007 M&A 5 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Data Trade

Springfield, Missouri, United States

DataTrade develops, markets and supports digital report storage and management systems, formally known as COLD (Computer Output to Laser Disk) or ERM (Enterprise Report Management).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-09 TomoTherapy

Sunnyvale, California, United States

TomoTherapy, Inc. is a developer, manufacturer and seller of advanced radiation therapy solutions that can be used to treat a wide variety of cancers, from the most common to the most complex. The ring gantry-based TomoTherapy® platform combines integrated CT imaging with conformal radiation therapy to deliver sophisticated radiation treatments with speed and precision while reducing radiation exposure to surrounding healthy tissue.

Sell -
Buyer

MatlinPatterson Global Advisers

New York, New York, United States

Category Distressed Investor
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

MatlinPatterson is an asset management firm focused on credit and distressed investments. The Firm looks to invest in a variety of industries and will consider opportunities worldwide. MatlinPatterson was formed in 2002 and is headquartered in New York City.


DEAL STATS #
Overall 3 of 4
Sector: Communications M&A 1 of 1
Type: Consolidation M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-21 Varig

Porto Alegre, Brazil

Varig is an own and operator of airlines in Porto Alegre, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-10 RailWorks

New York, New York, United States

RailWorks provides track construction, electrical systems construction, maintenance services, and products throughout the United States and Canada for major transit authorities, Class I and short-line railroads, and rail-served commercial and industrial companies. Trusted RailWorks brands include L.K. Comstock Inc., PNR RailWorks, NARSTCO, and HSQ Technology. RailWorks was formed in 1998 and is based in New York, New York.

Sell -