M&A Deal Summary

TowerBrook Capital Partners and Investcorp Acquire Dialogic

On October 1, 2007, private equity firm TowerBrook Capital Partners and asset manager Investcorp acquired information technology company Dialogic from Intel

Acquisition Highlights
  • This is TowerBrook Capital Partners’ 1st and Investcorp’s 4th transaction in the Information Technology sector.
  • This is TowerBrook Capital Partners’ 14th and Investcorp’s 46th transaction in the United States.
  • This is TowerBrook Capital Partners’ 2nd and Investcorp’s 6th transaction in California.
Investment Fate
  • Dialogic was sold to a consortium of financial buyers in 2014.
  • Dialogic was sold to a publicly-traded strategic buyer in 2020.

M&A Deal Summary

Date 2007-10-01
Target Dialogic
Sector Information Technology
Buyer(s) TowerBrook Capital Partners
Investcorp
Sellers(s) Intel
Deal Type Divestiture

Target

Dialogic

Milpitas, California, United States
Dialogic is an IT services company that supercharges the impact of applications and amplifies the capacity of congested networks. Dialogic was founded in 1983 and is based in Milpitas, California.

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Buyer(S) 2

Buyer

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 22.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.


DEAL STATS #
Overall 23 of 101
Sector: Information Technology M&A 1 of 4
Type: Divestiture M&A Deals 1 of 6
State: California M&A 2 of 6
Country: United States M&A 14 of 42
Year: 2007 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-18 IntraLinks Holdings

New York City, New York, United States

IntraLinks Holdings, Inc. is a global content collaboration company that provides cloud-based solutions to control the sharing, distribution and management of high value content within and across organizations according to the highest-level of security and the most stringent compliance regulations. Over 90,000 clients, 99% of the Fortune 1000 companies, have depended on Intralinks to digitally transform and simplify critical business processes, and secure high-value information. With a 20-year track record of enabling high-stakes transactions and business collaborations valued at more than $31.3 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration technology.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 pack2pack Group N.V.

Halsteren, Belgium

Pack2Pack, is a provider in the reconditioning, recycling and distribution of steel drums and other fixed industrial packaging products. P2P also recycles used industrial packaging materials and manufactures small packaging containers from tinplate.

Buy -
Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 74 of 189
Sector: Information Technology M&A 4 of 19
Type: Divestiture M&A Deals 9 of 17
State: California M&A 6 of 12
Country: United States M&A 46 of 82
Year: 2007 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-12 Berlin Packaging

Chicago, Illinois, United States

Berlin Packaging is a supplier of custom and stock rigid packaging and related solutions to large and small customers nationwide in end markets such as food and beverage, household/personal care, healthcare, and chemicals. Berlin Packaging was founded in 1898 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-30 Randall-Reilly

Tuscaloosa, Alabama, United States

Randall-Reilly is a provider of data and data-driven marketing solutions for industrial end markets including heavy-duty trucking, construction equipment, agricultural equipment, and machine tools. Randall-Reilly’s unique data assets and highly customizable digital marketing solutions enable clients to identify and target sales, marketing, and recruiting prospects. Randall-Reilly was founded in 1934 and is based in Tuscaloosa, Alabama.

Buy -

Seller(S) 1

SELLER

Intel

Santa Clara, California, United States

Category Company
Founded 1968
Sector Semiconductors
Employees108,900
Revenue 53.1B USD (2024)
DESCRIPTION
Entrance to Intel's corporate headquarters in Santa Clara, California.
Entrance to Intel's corporate headquarters in Santa Clara, California.

Intel is a multinational semiconductor chip maker. The Company's products are incorporated into desktop computers, wearables, servers, tablets, smartphones, and other devices. Intel was formed in 1968 and is based in Santa Clara, California.


DEAL STATS #
Overall 3 of 14
Sector: Information Technology M&A 1 of 3
Type: Divestiture M&A Deals 3 of 12
State: California M&A 2 of 9
Country: United States M&A 3 of 11
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-14 Telekinesys Research

Dublin, Ireland

Havok is a provider of interactive software solutions for the games, entertainment and simulation industries.

Buy $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-30 OpenedHand

Bromley, United Kingdom

OpenedHand is focused on developing Linux for mobile Internet devices, handheld gadgets used primarily for accessing e-mail and the Web. Intel has targeted the market with its low-power Atom processor.

Buy -