M&A Deal Summary

Aspex Acquires Adlens Beacon

On April 2, 2012, Aspex acquired technology hardware company Adlens Beacon from Warburg Pincus

Acquisition Highlights
  • This is Aspex’s 1st transaction in the Technology Hardware sector.
  • This is Aspex’s 1st transaction in the United States.
  • This is Aspex’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2012-04-02
Target Adlens Beacon
Sector Technology Hardware
Buyer(s) Aspex
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition

Target

Adlens Beacon

Iselin, New Jersey, United States
Adlens Beacon, Inc. is focused on the development and commercialization of adjustable spectacle lens technology for the nonprescription reading glasses market. Adlens Beacon's glasses, branded as ModifEye, employ a novel lens technology to provide the wearer the ability to adjust precisely the degree of visual correction.

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Buyer(S) 1

Buyer

Aspex

Hollywood, Florida, United States
Category Company
Founded 1965
Sector Consumer Products
DESCRIPTION

Aspex, Inc. designs, develops, and manufactures eyewear for men, women, and kids.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 69 of 251
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 26 of 90
State (New Jersey) 3 of 4
Country (United States) 45 of 137
Year (2012) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-28 The Gordian Group

Mauldin, South Carolina, United States

The Gordian Group, Inc. is a provider of proprietary database management and procurement services for the repair and alterations segment of the construction sector. The Gordian Group was founded in 1990 and is based in Mauldin, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-05 Max India

New Delhi, India

Max India Limited, based in New Delhi, India, is a multi-business corporate, providing life insurance services and healthcare services. The company is also in the business of clinical research, nurse staffing, and manufacture of specialty plastic products. The life insurance business is conducted through Max New York Life, a joint venture with New York Life, a Fortune 100 company. The healthcare services business is setting up a network of hospitals and medical centers in New Delhi and the surrounding areas.

Sell -
Mergr

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