M&A Deal Summary

Quadrangle Group and Thomas H. Lee Partners Acquire Intrado

On May 31, 2006, private equity firms Quadrangle Group and Thomas H. Lee Partners acquired internet software and services company Intrado for 3.0B USD

Acquisition Highlights
  • This is Quadrangle Group’s 1st and Thomas H. Lee Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Quadrangle Group’s 2nd and Thomas H. Lee Partners’ 10th largest (disclosed) transaction.
  • This is Quadrangle Group’s 16th and Thomas H. Lee Partners’ 19th transaction in the United States.
  • This is Quadrangle Group’s 3rd and Thomas H. Lee Partners’ 2nd transaction in Colorado.
Investment Fate
  • Intrado went public in 2013.
  • Intrado was sold to a consortium of financial buyers in 2017 for 5.1B USD.

M&A Deal Summary

Date 2006-05-31
Target Intrado
Sector Internet Software and Services
Buyer(s) Quadrangle Group
Thomas H. Lee Partners
Deal Type Recapitalization
Deal Value 3.0B USD

Target

Intrado

Longmont, Colorado, United States
Intrado's corporate headquarters in Omaha, Nebraska.
Intrado's corporate headquarters in Omaha, Nebraska.
Intrado is a cloud-based, global technology partner to clients around the world. The Company's solutions connect people and organizations at the right time and in the right ways, making those mission-critical connections more relevant, engaging, and actionable - turning Information to Insight. Intrado was founded in 1979 and is based in Longmont, Colorado.

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Buyer(S) 2

Buyer

Quadrangle Group

New York, New York, United States

Category Private Equity Firm
Founded 2000
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quadrangle Group is a specialist private equity firm focused on the information and communications technology services sectors. Quadrangle was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 18 of 25
Sector: Internet Software and Services M&A 1 of 2
Type: Recapitalization M&A Deals 2 of 2
State: Colorado M&A 3 of 3
Country: United States M&A 16 of 19
Year: 2006 M&A 1 of 2
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-04 Grupo Corporativo ONO S.A.

Madrid, Spain

Grupo Corporativo ONO S.A. is a broadband service provider. It offers direct access telephony, pay television and internet access services to the residential market where, ONO offers advanced voice, data and value-added services across its own high capacity local access and national backbone networks.

Buy €2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-07 Suddenlink

St. Louis, Missouri, United States

Suddenlink is a major U.S. cable broadband provider, supporting the information, communication and entertainment demands of approximately 1.3 million customers in North Carolina, West Virginia, Missouri, Arkansas, Louisiana, Texas, Oklahoma and California. Suddenlink was formed in 2003 and is based in St. Louis, Missouri.

Buy -
Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 27 of 92
Sector: Internet Software and Services M&A 1 of 5
Type: Recapitalization M&A Deals 2 of 11
State: Colorado M&A 2 of 4
Country: United States M&A 19 of 79
Year: 2006 M&A 5 of 6
Size (of disclosed) 10 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-21 Nielsen

New York, New York, United States

Nielsen is a global information and measurement company that provides clients with a comprehensive understanding of consumers and consumer behaviour. Nielsen delivers critical media and marketing information, analytics, and industry expertise about what consumers buy and what consumers watch (consumer interaction with television, online and mobile) on a global and local basis. Nielsen was founded in 1923 and is based in New York City.

Buy $12.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-14 US LEC

Charlotte, North Carolina, United States

US LEC provided voice and data communications services to medium and large size businesses in the Southeast and Mid-Atlantic U.S.

Sell $1.3B