M&A Deal Summary

Aventiv Technologies Acquires Securus Technologies

On May 16, 2017, Aventiv Technologies acquired communications company Securus Technologies from ABRY Partners, HarbourVest Partners and Mesirow Financial Private Equity

Acquisition Highlights
  • This is Aventiv Technologies’ 1st transaction in the Communications sector.
  • This is Aventiv Technologies’ 1st transaction in the United States.
  • This is Aventiv Technologies’ 1st transaction in Texas.

M&A Deal Summary

Date 2017-05-16
Target Securus Technologies
Sector Communications
Buyer(s) Aventiv Technologies
Sellers(s) ABRY Partners
HarbourVest Partners
Mesirow Financial Private Equity
Deal Type Add-on Acquisition

Target

Securus Technologies

Dallas, Texas, United States
Securus Technologies is a provider of specialized telecommunications products and services, including security-enhanced call processing, call validation and billing for the corrections communications marketplace. Securus Technologies was founded in 1986 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Aventiv Technologies

Dallas, Texas, United States

Category Company
Sector Information Technology
DESCRIPTION

Aventiv Technologies is a diversified technology company providing solutions to corrections and government services sectors. Aventiv Technologies is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 3

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 67 of 103
Sector (Communications) 13 of 15
Type (Add-on Acquisition) 35 of 53
State (Texas) 10 of 12
Country (United States) 58 of 88
Year (2017) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-11 Claranet

London, United Kingdom

Claranet provides a wide range of integrated hosting, networks, and communications managed services, as well as our support and expertise 24×7. Claranet was formed in 1996 and is based in London, England.

Sell £80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-26 International Medical Group

Indianapolis, Indiana, United States

International Medical Group, Inc. is a provider of medical insurance products and assistance services. IMG offers a full line of international medical insurance products, as well as trip cancellation programs, medical management services and 24/7 emergency medical and travel assistance all designed to provide members Global Peace of Mind® while they’re away from home. International Medical Group, Inc. was established in 1989 and is headquartered in Indianapolis, Indiana.

Sell -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 83 of 132
Sector (Communications) 9 of 11
Type (Add-on Acquisition) 32 of 57
State (Texas) 9 of 12
Country (United States) 52 of 83
Year (2017) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 Sign-Zone

Brooklyn Center, Minnesota, United States

Sign-Zone is a manufacturer of wide-format, portable promotional signage and displays under the Showdown Displays, Jansen Display and Promic brand names. Products include table covers, retractable banners, event tents, sail signs, floor displays and other displays. Sign-Zone sells through an extensive network of promotional product distributors, sign shops and printers to end users in various end markets such as education, healthcare, financial services and technology. Sign-Zone was founded in 1999 and is headquartered in Brooklyn Center, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-19 Polynt

Scanzorosciate, Italy

Polynt engages in the research and development, manufacture, and sale of specific polymer chemical intermediates, catalysts, and compounds. Polynt was founded in 1955 and is based in Scanzorosciate, Italy.

Sell -
DESCRIPTION

Mesirow Financial Private Equity is a Chicago-based boutique private equity firm with approximately $6.2 billion in commitments since inception to managed fund-of-funds, co-investment funds and customized investment vehicles to a global institutional client base of accredited investors and Qualified Purchasers. Mesirow Financial Private Equity was founded in 1982 and is based in Illinois, United States.


DEAL STATS #
Overall 3 of 3
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 Mesirow Insurance Services

Chicago, Illinois, United States

Mesirow Insurance Services is a full-service insurance brokerage and consultant specializing in property and casualty insurance, employee benefits, life and disability, private client insurance, and structured settlements.

Sell -