Investment Summary

Apax and Azini Capital Partners Invest In Raysat Antenna Systems

On July 14, 2005, private equity firm Apax and secondary investor Azini Capital Partners invested in technology hardware company Raysat Antenna Systems

Investment Highlights
  • This is Apax’s 6th and Azini Capital Partners’ 2nd transaction in the Technology Hardware sector.
  • This is Apax’s 34th and Azini Capital Partners’ 5th transaction in the United States.
  • This is Apax’s 1st and Azini Capital Partners’ 1st transaction in Vermont.
Investment Fate
  • Raysat Antenna Systems was sold to a strategic buyer in 2010 for 25M USD.

Investment Summary

Date 2005-07-14
Target Raysat Antenna Systems
Sector Technology Hardware
Investor(s) Apax
Azini Capital Partners
Deal Type Venture

Target

Raysat Antenna Systems

Vienna, Vermont, United States
Raysat Antenna Systems LLC is a privately held US company that specializes in the development, marketing, sales and support of in-motion, low-profile, 2-way satellite antenna systems. RAS's antennas are specifically designed for the needs of Satcom-On-The-Move (SOTM), military mobile communications, homeland security (HLS), search & rescue, governmental organizations, DSNG, trains, asset tracking, research & exploratory and general mobile satellite data communications.

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Investor(S) 2

Investor

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 81 of 266
Sector: Technology Hardware M&A 6 of 8
Type: Venture M&A Deals 25 of 34
State: Vermont M&A 1 of 2
Country: United States M&A 34 of 107
Year: 2005 M&A 9 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 Inmarsat

London, United Kingdom

Inmarsat is a global mobile satellite communications provider that owns and operates a diverse global portfolio of mobile telecommunications satellite networks, and holds a multi-layered, global spectrum portfolio, covering L-band, Ka-band, and S-band, enabling unparalleled breadth and diversity in the solutions it provides. Inmarsat's long-established global distribution network includes not only the world's leading channel partners but also its own strong direct retail capabilities, enabling end-to-end customer service assurance. The company has an unrivalled track record of operating reliable global mobile satellite telecommunications networks, sustaining business and mission critical safety and operational applications for more than 40 years. It is also a major driving force behind technological innovation in mobile satellite communications, sustaining its leadership through a substantial investment and a powerful network of technology and manufacturing partners. Inmarsat was formed in 1979 and is based in London.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-18 Versatel AG

Berlin, Germany

Versatel AG is a provider of infrastructure based telecommunications services in the German market.

Buy €565M
DESCRIPTION

Azini Capital Partners LLP is a private investment group focused acquiring secondary interests in growth-oriented companies. The Firm looks to acquire minority positions (> 15%) in companies with at least $10 million in revenue. The Firm prefers acquiring interests in tech-oriented or tech-enabled companies. Azini Capital was established in 2004 and is based in London.


DEAL STATS #
Overall 8 of 19
Sector: Technology Hardware M&A 2 of 4
Type: Venture M&A Deals 8 of 9
State: Vermont M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2005 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Digital Fuel

San Mateo, California, United States

Digital Fuel is an IT financial management (ITFM) tool that provides transparency and control over the costs of cloud environments and quality of IT services. Its suite of products allow businesses to optimize costs and sourcing across internal virtual infrastructure/private cloud and public cloud. Infrastructure teams use Digital Fuel to understand the costs of supplying private and public cloud environments, while CIOs and IT executives can understand the costs of supplying IT services. Digital Fuel is based in San Mateo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-09 OB10

London, United Kingdom

OB10 Ltd. is a global B2B e-Invoicing network. OB10 simplifies and streamlines the complex invoice-to-pay processes.

Buy -