M&A Deal Summary

Syniverse Acquires MACH

On July 3, 2012, Syniverse acquired communications company MACH from Warburg Pincus and Intermediate Capital Group for 550M EUR

Acquisition Highlights
  • This is Syniverse’s 1st transaction in the Communications sector.
  • This is Syniverse’s 0th largest (disclosed) transaction.
  • This is Syniverse’s 1st transaction in Luxembourg.

M&A Deal Summary
Date 2012-07-03
Target MACH
Sector Communications
Buyer(s) Syniverse
Sellers(s) Warburg Pincus
Intermediate Capital Group
Deal Type Add-on Acquisition
Deal Value 550M EUR

Target

MACH

Contern, Luxembourg
website
MACH is a hub-based mobile communications exchange. MACH solutions shorten providers' time to market for new mobile applications, optimize service delivery to the mobile end-user, and accelerate the settlement of inter-operator financial liabilities. MACH enables the efficient flow of mobile traffic, of service validation, delivery and billing information, and of settlement transactions.

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Buyer(S) 1

Buyer

Syniverse

Tampa, Florida, United States

website

Category Company
Founded 1987
Sector Information Technology
DESCRIPTION

Syniverse is a provider of technology and business solutions for the global telecommunications industry. Syniverse makes mobile work for more than 900 mobile operators, cable and Internet providers, and enterprises in over 160 countries. Syniverse was founded in 1987 and is based in Tampa, Florida.

DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Luxembourg) 1 of 1
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 Aicent

San Jose, California, United States

Aicent, Inc. is a provider of data network, messaging and roaming solutions to telecom network operators internationally. The company provides a platform for cross-border and cross-network data delivery solutions to mobile network operators serving more than three billion mobile users worldwide.

Buy $292M

Seller(S) 2

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 74 of 249
Sector (Communications) 4 of 11
Type (Add-on Acquisition) 28 of 90
Country (Luxembourg) 1 of 1
Year (2012) 8 of 12
Size (of disclosed) 31 of 63
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-12 GlobalSpec

East Greenbush, New York, United States

GlobalSpec is a specialized search engine and information resource for the engineering community.

Sell $135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-09 Car

Beijing, China

Car is an automobility provider in China, offering car rental and fleet rental services to individual and corporate customers. The company's technology- and innovation-driven business model, combined with the effective strategy of expansion along the value chain, enables it to provide auto mobility solutions that evolve with times, enhance customer experience, and capture opportunities arising from revolutionary changes in the auto related industry. It's mission is to enhance the quality of daily life through innovation as it builds the largest new generation of vehicle mega-sharing platform in China. Car was founded in 2007 and is based in Beijing, the People's Republic of China.

Buy -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.

DEAL STATS #
Overall 130 of 217
Sector (Communications) 3 of 4
Type (Add-on Acquisition) 34 of 67
Country (Luxembourg) 2 of 3
Year (2012) 5 of 9
Size (of disclosed) 36 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-11 Symington s

Leeds, United Kingdom

Symington's is a UK manufacturer of branded ambient food, with a strategic focus on convenience and value. Symington's was founded in 1827 and is based in Leeds, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-06 Himart

Seoul, South Korea

Himart Co. Ltd. is a Korea-based company specialized in retail of household appliances. The Company distributes audio and video systems, household electronic products, computer hardware and software, portable digital electronic products and other household appliances.

Sell -
Mergr

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