M&A Deal Summary

Renaissance Acquires AlphaSmart

On June 27, 2005, Renaissance acquired technology hardware company AlphaSmart from Summit Partners

Acquisition Highlights
  • This is Renaissance’s 1st transaction in the Technology Hardware sector.
  • This is Renaissance’s 1st transaction in the United States.
  • This is Renaissance’s 1st transaction in California.

M&A Deal Summary

Date 2005-06-27
Target AlphaSmart
Sector Technology Hardware
Buyer(s) Renaissance
Sellers(s) Summit Partners
Deal Type Add-on Acquisition

Target

AlphaSmart

Los Gatos, California, United States
AlphaSmart provides portable computer companion products that complement PCs in the classroom and help teachers become more productive.

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Buyer(S) 1

Buyer

Renaissance

Wisconsin Rapids, Wisconsin, United States

Category Company
Founded 1986
Sector Education
DESCRIPTION

Renaissance is a provider of technology-based school improvement and student assessment programs for pre-kindergarten through to senior high (pre-K-12, aged 5-18) schools and districts. The company's products and services, adopted by more than 70,000 schools, are primarily focused on two curriculum areas: reading and mathematics. Renaissance was founded in 1986 and is based in Wisconsin Rapids, Wisconsin.


DEAL STATS #
Overall 1 of 10
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 10
State: California M&A 1 of 6
Country: United States M&A 1 of 9
Year: 2005 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-28 Subtext Media

Palo Alto, California, United States

Subtext is a digital reading service that spans the K12 curriculum and makes it easy for classroom groups to collaborate in the pages of any digital book, article or document.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 108 of 298
Sector: Technology Hardware M&A 12 of 16
Type: Add-on Acquisition M&A Deals 50 of 134
State: California M&A 35 of 64
Country: United States M&A 104 of 258
Year: 2005 M&A 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-21 Sybari Software

East Northport, New York, United States

Sybari Software, Inc. is a provider of groupware anti-virus and content filtering software to the corporate IT market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-22 Hittite Microwave

Chelmsford, Massachusetts, United States

Hittite Microwave Corp. is a designer, developer, and manufacturer of high-performance integrated circuits for wireless and wireline communications systems.

Sell -