M&A Deal Summary

Symbol Technologies Acquires Matrics

On July 26, 2004, Symbol Technologies acquired electronics company Matrics from The Carlyle Group and SilverHaze Partners for 230M USD

Acquisition Highlights
  • This is Symbol Technologies’ 1st transaction in the Electronics sector.
  • This is Symbol Technologies’ largest (disclosed) transaction.
  • This is Symbol Technologies’ 1st transaction in the United States.
  • This is Symbol Technologies’ 1st transaction in Maryland.

M&A Deal Summary
Date 2004-07-26
Target Matrics
Sector Electronics
Buyer(s) Symbol Technologies
Sellers(s) The Carlyle Group
SilverHaze Partners
Deal Type Add-on Acquisition
Deal Value 230M USD

Target

Matrics

Columbia, Maryland, United States
Matrics, Inc. has focused its strategic RFID solutions efforts on EPC standards. Matrics provides EPC-compliant RFID systems for retail, defense, transportation and other vertical markets.

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Buyer(S) 1

Buyer

Symbol Technologies

Holtsville, New York, United States
Category Company
Founded 1973
Sector Technology Hardware
Employees5,200
DESCRIPTION

Symbol Technologies, a leading maker of scanners and other wireless technology used by manufacturers, retailers and wholesalers.

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
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 38 of 443
Sector (Electronics) 3 of 6
Type (Add-on Acquisition) 18 of 184
State (Maryland) 4 of 10
Country (United States) 30 of 250
Year (2004) 14 of 24
Size (of disclosed) 90 of 130
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-21 Dex Media

Dallas, Texas, United States

Dex Media, Inc. engages in the publication and marketing of directories in the US. The company also offers Internet-based telephone directory and database marketing services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-01 P&I

Wiesbaden, Germany

P&I is an internationally operating, full suite provider of cloud-based HR software solutions and a driver of innovation in HR technology. P&I’s scalable subscription-based platform exhibits characteristics that resonate with Hg Saturn’s core focus, with a broad, diversified and loyal customer base, and has delivered an exceptional historical operating performance. P&I was founded in 1968 and is based in Wiesbaden, Germany.

Buy -
SELLER

SilverHaze Partners

Washington, District of Columbia, United States

website

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

SilverHaze Partners is a private investment firm that acts as both a fund of funds vehicle as well as a direct investor in companies. SilverHaze devotes 80% of capital to other buyout funds with the remainder reserved for opportunistic investments in technology related businesses. SilverHaze Partners was formed in 2000 and is based in McLean, Virginia.

DEAL STATS #
Overall 1 of 13
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 8
State (Maryland) 1 of 2
Country (United States) 1 of 13
Year (2004) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 DuPont Fabros Technology

Washington DC, Washington, United States

In 2003, SHP made an investment in data centers in Northern Virginia and Los Angeles, along with local real estate group DuPont Fabros, who managed the centers. The centers were leased out to companies such as Google and Yahoo. The 5 locations in the deal were rolled into a REIT which went public in October 2007. Their $1.2 billion IPO was the 6th largest REIT IPO ever.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-28 Oblix

Cupertino, California, United States

Oblix is a leading developer of identity management software that allows web access control including Single Sign On (SSO), identity administration and user provisioning. Oblix also provides security and regulatory compliance solutions.

Sell $92M
Mergr

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