Investment Summary

Adams Street Partners Invests In PathScale

On May 20, 2004, asset manager Adams Street Partners invested in technology hardware company PathScale

Investment Highlights
  • This is Adams Street Partners’ 3rd transaction in the Technology Hardware sector.
  • This is Adams Street Partners’ 16th transaction in the United States.
  • This is Adams Street Partners’ 1st transaction in Delaware.
Investment Fate
  • PathScale was divested to a consortium of strategic buyers in 2006 for 109M USD.

Investment Summary

Date 2004-05-20
Target PathScale
Sector Technology Hardware
Investor(s) Adams Street Partners
Deal Type Venture

Target

PathScale

Wilmington, Delaware, United States
PathScale, Inc. is a developer of technology hardware services. The PathScale InfiniPath, InfiniBand Adapter and EKOPath Compiler Suite drive Linux(R) clusters to performance levels that can exceed the most powerful supercomputers.

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Investor(S) 1

Investor

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 17 of 152
Sector: Technology Hardware M&A 3 of 4
Type: Venture M&A Deals 10 of 102
State: Delaware M&A 1 of 1
Country: United States M&A 16 of 140
Year: 2004 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-26 Myogen

Westminster, Colorado, United States

Myogen is a Development stage biotechnology company focused on cardiovascular drugs. Myogen has two product candidates in late-stage clinical development: ambrisentan for the treatment of patients with pulmonary arterial hypertension (PAH) and darusentan for the treatment of patients with resistant hypertension.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 AVG Technologies N.V.

Amsterdam, Netherlands

AVG Technologies N.V. is a provider of software services to secure devices, data and people. AVG’s award-winning consumer portfolio includes internet security, performance optimization, location services, data controls and insights, and privacy and identity protection, for mobile devices and desktops. The award-winning AVG Business portfolio, delivered through a global partner network, provides cloud security and remote monitoring and management (RMM) solutions that protect small and medium businesses around the world.

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