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M&A Deal Summary

Audax Private Equity Acquires Mobileum

On November 3, 2016, private equity firm Audax Private Equity acquired software company Mobileum

Acquisition Highlights
  • This is Audax Private Equity’s 4th transaction in the Software sector.
  • This is Audax Private Equity’s 94th transaction in the United States.
  • This is Audax Private Equity’s 6th transaction in California.
Investment Fate
  • Mobileum was sold to a consortium of financial buyers in 2022 for 915M USD.

M&A Deal Summary
Date 2016-11-03
Target Mobileum
Sector Software
Buyer(s) Audax Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Jefferies (Financial)
Kirkland & Ellis (Legal)

Target

Mobileum

Cupertino, California, United States
Mobileum is a provider of mobile telecom roaming and analytics software. Mobileum provides products including Voice and Data Roaming, Fraud Analytics, Data Monetization, Analytics for Customer Experience, and Service Performance Measurement & Assurance, which allow operator networks to deliver a superior customer experience and grow revenue. Mobileum was founded in 2001 and is based in Cupertino, California.

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Buyer(S) 1

Buyer

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 97 of 167
Sector (Software) 4 of 6
Type (Buyout (LBO, MBO, MBI)) 33 of 45
State (California) 6 of 14
Country (United States) 94 of 158
Year (2016) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Cadence Education

Scottsdale, Arizona, United States

Cadence Education is a premier early childhood educator in the United States, operating more than 225 private preschools across the country. With more than 27 years in business, Cadence has developed unparalleled expertise in preparing students to thrive in the next step of their childhood. It provides parents with peace of mind by giving children an exceptional education every fun-filled day in a place as nurturing as home. Cadence Education was formed in 1969 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Accent Food Services

Pflugerville, Texas, United States

Accent Food Services is a provider of complete menu of refreshment solutions including vending, self-check-out markets, office coffee, pantry and catering to thousands of customers, providing superior customer service and innovation. Accent Food Services is based in Pflugerville, Texas.

Buy -
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