M&A Deal Summary

Alcatel-Lucent S.A. Acquires IMagicTV

On April 30, 2003, Alcatel-Lucent S.A. acquired software company IMagicTV from Whitecap Venture Partners

Acquisition Highlights
  • This is Alcatel-Lucent S.A.’s 3rd transaction in the Software sector.
  • This is Alcatel-Lucent S.A.’s 1st transaction in Canada.
  • This is Alcatel-Lucent S.A.’s 1st transaction in New Brunswick.

M&A Deal Summary

Date 2003-04-30
Target IMagicTV
Sector Software
Buyer(s) Alcatel-Lucent S.A.
Sellers(s) Whitecap Venture Partners
Deal Type Add-on Acquisition

Target

IMagicTV

Saint John, New Brunswick, Canada
IMagicTV, Inc. is a supplier of software products and services that enable service providers to create, deliver and manage digital television and media services over broadband networks.

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Buyer(S) 1

Buyer

Alcatel-Lucent S.A.

Boulogne-Billancourt, France

Category Company
Founded 1898
Sector Technology Hardware
Employees52,673
Revenue 15.9B USD (2014)
DESCRIPTION
Alcatel-Lucent office in Highlands Ranch, Colorado.
Alcatel-Lucent office in Highlands Ranch, Colorado.

Alcatel-Lucent S.A. is an integrated provider of voice, data and video communication services to end-users. Alcatel-Lucent offers fixed, mobile and converged broadband networking, IP technologies, applications and services to a variety of end users. Alcatel-Lucent S.A. was originally established in 1898 and is headquartered in Boulogne-Billancourt, France.


DEAL STATS #
Overall 7 of 21
Sector (Software) 3 of 9
Type (Add-on Acquisition) 7 of 20
State (New Brunswick) 1 of 1
Country (Canada) 1 of 2
Year (2003) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-12 Telera

Campbell, California, United States

Telera Corp. is a provider of voice based web solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-18 TiMetra

Mountain View, California, United States

TiMetra, Inc. is a Silicon Valley based company that produces routers.

Buy -

Seller(S) 1

SELLER

Whitecap Venture Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1993
PE ASSETS 225M CAD
Size Small
Type Sector Focused
DESCRIPTION

Whitecastle Private Equity Partners (WPEP) is the private equity arm of Whitecastle Investments, a firm which also provides venture capital financing. WPEP looks to invest C$5 to C$25 million to help fund buyouts, acquisitions, expansions, and privatizations of companies valued up to C$75 million. Target industries include food services, recycling and waste management, technology, healthcare services and products, financial services, and manufacturing. Whitecastle Private Equity Partners was formed in 1958 and is based in Toronto, Ontario.


DEAL STATS #
Overall 7 of 11
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (New Brunswick) 1 of 1
Country (Canada) 7 of 10
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Loran International Technologies Inc

Ottawa, Ontario, Canada

Located in Ottawa, Loran was founded in 1992 as a systems integrator of high-speed networks. While integrating networks for more than 350 leading organizations, they identified critical needs in these organizations' management tools. Loran began developing their patented product, Kinnetics, to address these needs in 1995.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-30 Turtle Island Recycling

Toronto, Ontario, Canada

Turtle Island is one of the leading recycling and waste management companies in Ontario. Established in 1990 by entrepreneurs Ted Manziaris and Louis Anagnostakos, Turtle Island now employs over 250 people and services over 2,000 industrial and commercial customers and over 220,000 residential customers and growing. The operations of Turtle Island as well as its main transfer station are located in a 60,000 square foot facility in downtown Toronto. Turtle Island now operates facilities in Aurora, Chatham/Windsor and Caledon/Orangeville, Ontario.

Buy -