M&A Deal Summary

T-Mobile US Acquires Omnipoint

On February 25, 2000, T-Mobile US acquired communications company Omnipoint from First Analysis, Madison Dearborn Partners and Argentum Capital Partners

Acquisition Highlights
  • This is T-Mobile US’s 1st transaction in the Communications sector.
  • This is T-Mobile US’s 1st transaction in the United States.
  • This is T-Mobile US’s 1st transaction in Washington.

M&A Deal Summary

Date 2000-02-25
Target Omnipoint
Sector Communications
Buyer(s) T-Mobile US
Sellers(s) First Analysis
Madison Dearborn Partners
Argentum Capital Partners
Deal Type Add-on Acquisition

Target

Omnipoint

Bellevue, Washington, United States
Omnipoint Corporation was a leader in commercializing PCS and a leading developer and supplier of wireless communication technologies, products, and engineering services. As a pioneer in the industry, Omnipoint was on the forefront of developing and integrating advanced wireless technologies including GSM, GPRS packet data, EDGE, positioning, and Internet access.

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Buyer(S) 1

Buyer

T-Mobile US

Bellevue, Washington, United States

Category Company
Founded 1944
Sector Communications
Employees67,000
Revenue 78.6B USD (2023)
DESCRIPTION
T-Mobile office in Parsippany, New Jersey.
T-Mobile office in Parsippany, New Jersey.

T-Mobile US is a provider of wireless communications services, including voice, messaging and data to customers in the postpaid, prepaid, and wholesale markets. T-Mobile USA provides services, devices and accessories across its brands, T-Mobile and MetroPCS, through Company owned and operated retail stores, third party distributors and its websites. T-Mobile US was founded in 1994 and is based in Bellevue, Washington.


DEAL STATS #
Overall 2 of 13
Sector (Communications) 1 of 9
Type (Add-on Acquisition) 2 of 9
State (Washington) 1 of 1
Country (United States) 1 of 12
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Niedermeyer

Vienna, Austria

Niedermeyer is an electronics retail chain founded in 1957. After several years of restructuring, reorganization and change of ownership since the end of 2009, the company is at a new start.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-13 Omnipoint Technologies

Bellevue, Washington, United States

Omnipoint Technologies, Inc. creates wireless data products based on GPRS technology.

Sell $52M

Seller(S) 3

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 12 of 71
Sector (Communications) 1 of 4
Type (Add-on Acquisition) 8 of 51
State (Washington) 1 of 3
Country (United States) 12 of 70
Year (2000) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 NetBOA

United States

netBOA outsourced COBRA benefits administration, HIPAA (Health Insurance Portability and Accountability Act) administration, and retiree benefits transaction processing for large corporations. The Company distinguished itself by offering more custom service than most of its competitors. Its clients included a large airline, utilities, and a regional telephone company. netBOA was acquired by Automatic Data Processing Inc.'s Major Accounts Services (NYSE: ADP) in January 2000.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-28 Cobalt Group

Seattle, Washington, United States

Cobalt Group, Inc. is a provider of automotive digital marketing technology and services.

Buy -
SELLER

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 31.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 79
Sector (Communications) 3 of 11
Type (Add-on Acquisition) 3 of 37
State (Washington) 1 of 1
Country (United States) 8 of 69
Year (2000) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-14 Wireless One Network

Ft. Myers, Florida, United States

Wireless One Network LP was a cellular telephone operator in southwest Florida, including Naples, Fort Myers, and the Florida panhandle region.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-14 PeopleFirst

San Diego, California, United States

PeopleFirst was an Internet-based automobile finance company established to provide a high level of service and value to superior credit quality borrowers.

Buy -
SELLER

Argentum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argentum Capital Partners is a private equity firm focused on investing in small to mid-sized companies with proven business models and the ability to become market leaders. Prospective transaction situations include growth capital financing, management buyouts, platform acquisitions, and recapitalization. The firm typically takes minority positions, except in the case of management buyouts. Industry sectors of interest include business services, healthcare, and technology. Argentum generally prefers opportunities located in the Eastern US, but will consider companies across the US. Argentum Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 6 of 45
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 4 of 31
State (Washington) 1 of 1
Country (United States) 6 of 43
Year (2000) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 NetBOA

United States

netBOA outsourced COBRA benefits administration, HIPAA (Health Insurance Portability and Accountability Act) administration, and retiree benefits transaction processing for large corporations. The Company distinguished itself by offering more custom service than most of its competitors. Its clients included a large airline, utilities, and a regional telephone company. netBOA was acquired by Automatic Data Processing Inc.'s Major Accounts Services (NYSE: ADP) in January 2000.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-01 Paciolan

Irvine, California, United States

Paciolan, Inc. engages in ticketing, fundraising, marketing, and analytics solutions with over 37 years of experience serving more than 500 live entertainment organizations. Paciolan enables the sale of more than 120 million tickets per year by powering over 120 college athletic programs, more than 100 professional sports and arenas organizations, 75 performing arts venues, and several regional ticketing partners who serve hundreds of venues.

Buy -