M&A Deal Summary

Spire Capital Partners, Pamlico Capital and The Carlyle Group Acquires Sonitrol

On March 29, 2004, private equity firms Spire Capital Partners, Pamlico Capital and The Carlyle Group acquired safety/security company Sonitrol Corp. from Tyco International Ltd. for 126M USD

Acquisition Highlights
  • This is Spire Capital Partners’ 1st, Pamlico Capital’s 1st and The Carlyle Group’s 3rd transaction in the Safety/Security sector.
  • This is Spire Capital Partners’ 1st, Pamlico Capital’s 6th and The Carlyle Group’s 114th largest (disclosed) transaction.
  • This is Spire Capital Partners’ 8th, Pamlico Capital’s 18th and The Carlyle Group’s 86th transaction in the United States.
  • This is Spire Capital Partners’ 2nd, Pamlico Capital’s 3rd and The Carlyle Group’s 11th transaction in Texas.
Investment Fate
  • Sonitrol was sold to a publicly-traded strategic buyer in 2008 for 275M USD.

M&A Deal Summary

Date 2004-03-29
Target Sonitrol Corp.
Sector Safety/Security
Buyer(s) Spire Capital Partners
Pamlico Capital
The Carlyle Group
Sellers(s) Tyco International Ltd.
Deal Type Divestiture
Deal Value 126M USD

Target

Sonitrol Corp.

Westlake, Texas, United States
website
Sonitrol Corp. is a provider of commercial security alarm monitoring services. Sonitrol’s security technology was created to reduce false alarms and increase apprehensions through verified alarm response. Sonitrol’s integrated suite of offerings includes audio intrusion alarms, monitored video, access control, and fire detection.

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Buyer(S) 3

Buyer

Spire Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $10 to $60 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 9 of 35
Sector (Safety/Security) 1 of 1
Type (Divestiture) 1 of 4
State (Texas) 2 of 6
Country (United States) 8 of 34
Year (2004) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Highline Financial LLC

Austin, Texas, United States

Highline Financial LLC is a source of banking information and analytics with decades of experience serving the financial industry. Highline Financial offers a portfolio of over 60 products that deliver our data and analytics through a variety of formats including web, CD and print.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-03 Encoda Systems, Inc.

Denver, Colorado, United States

Encoda Systems, Inc. is a provider of proprietary software products and services that manage advertising and programming for use in the broadcast television, radio and cable industries.

Sell $340M
Buyer

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 18 of 79
Sector (Safety/Security) 1 of 2
Type (Divestiture) 1 of 2
State (Texas) 3 of 8
Country (United States) 18 of 74
Year (2004) 2 of 4
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 American Renal Associates Holdings, Inc.

Beverly, Massachusetts, United States

American Renal Associates is a developer, owner and operator of outpatient kidney dialysis facilities in partnership with nephrologists. American Renal Associates was founded in 1999 and is based in Beverly, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-12 NEP Group, Inc.

Pittsburgh, Pennsylvania, United States

NEP Group, Inc. is a provider of outsourced broadcasting services vital to the delivery of live sports and entertainment events. NEP serves premiere broadcast networks and production companies with state-of-the-art facilities, engineering expertise and technical management to support telecasts of major events and programs.

Sell -
Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 84.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 150 of 684
Sector (Safety/Security) 3 of 7
Type (Divestiture) 12 of 71
State (Texas) 11 of 49
Country (United States) 86 of 329
Year (2004) 9 of 36
Size (of disclosed) 114 of 132
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-26 Groupe Moniteur SA

Cedex, France

Groupe Moniteur SA publishes information materials.

Sell €275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Realeum, Inc.

Rockville, Maryland, United States

Realeum, Inc. developed an enterprise, web-based management software solution designed to optimize the leasing process and manage the assets for commercial properties in the multi-family real estate industry.

Sell -

Seller(S) 1

SELLER

Tyco International Ltd.

Mahon, Ireland

website


Category Company
Founded 1960
SectorSafety/Security
Employees57,000
Revenue 9.9B USD (2015)
DESCRIPTION
Tyco office in Irvine, California.
Tyco office in Irvine, California.

Tyco International Ltd. is a global provider of security products and services, fire detection and suppression products and services and life safety products. The Company's portfolio of products and services, sold under brands such as Tyco, SimplexGrinnell, Sensormatic, Wormald, Ansul, Simplex, Scott and ADT serve security, fire detection and suppression and life safety needs across commercial, industrial, retail, institutional and governmental markets. Tyco International Ltd. was established in 1960 and is headquartered in Mahon, Ireland.


DEAL STATS #
Overall 2 of 18
Sector (Safety/Security) 1 of 7
Type (Divestiture) 2 of 14
State (Texas) 1 of 1
Country (United States) 2 of 8
Year (2004) 1 of 1
Size (of disclosed) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-01 Surgical Dynamics, Inc.

Norwalk, Connecticut, United States

Surgical Dynamics, Inc.lead products are the Ray Threaded Fusion Cage(TM) along with thoracolumbar and cervical spinal fixation devices.

Sell $135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-21 Floreane Medical Implants SA

Trevoux, France

Floreane,offer the largest and most innovative range of mesh implants of any company in this field, and have developed products for soft tissue repair including hernia repair, pelvic floor reconstruction, incontinence, urinary, adhesion prevention and obesity surgery. Floreane's technology has been used in successful clinical applications for more than 10 years, helping improve patient outcomes around the world.

Buy $145M