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M&A Deal Summary

ACE Equity Partners Acquires HMD Global

On January 1, 2016, private equity firm ACE Equity Partners acquired technology hardware company HMD Global

Acquisition Highlights
  • This is ACE Equity Partners’ 1st transaction in the Technology Hardware sector.
  • This is ACE Equity Partners’ 1st transaction in Finland.

M&A Deal Summary
Date 2016-01-01
Target HMD Global
Sector Technology Hardware
Buyer(s) ACE Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

HMD Global

Espoo, Finland
HMD Global is a mobile phone manufacturer, offering total enterprise solution of smartphones, tablets and services for different business needs. HMD Global was founded in 2016 and is based in Espoo, Finland.

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Buyer(S) 1

Buyer

ACE Equity Partners

Investor

Category Private Equity Firm
Founded 2017
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ACE Equity Partners is a private equity firm focused on buyout and growth capital investments in industrial technology and advanced manufacturing companies.The Firm seeks control positions in partnership with founders as well as corporate carve-out situations. Specific areas of interest include business services, electrical equipment, technology hardware, IT, semiconductors, and software. ACE Equity Partners was established in 2017 and is based in Seoul, South Korea.

DEAL STATS #
Overall 2 of 12
Sector (Technology Hardware) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 6
Country (Finland) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Maxnerva

Wuhan, China

Maxnerva establishes the core services of “IaaS + PaaS + SaaS” to promote “Smart Manufacturing”, “Smart City”, “Operation and Maintenance Services”. With technology services at core, Maxnerva is committed to provide excellent IT services and solutions. Maxnerva was founded in 2015 and is based in Wuhan, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-23 Source Photonics

Chatsworth, California, United States

Source Photonics is a provider of optical communication products used in telecommunication systems and data communication networks. Source Photonics designs, manufactures, and sells a broad portfolio of optical communication products, including passive optical network, or PON, subsystems, optical transceivers used in the enterprise, access, and metropolitan segments of the market, as well as other optical components, modules and subsystems. Source Photonics, was founded in 2001 and is based in West Hills, Califrornia.

Buy -
Mergr

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