M&A Deal Summary

Avid Acquires NXN Software AG

On January 26, 2004, Avid acquired software company NXN Software AG from Duke Forest Capital and 3i Private Equity for 44M USD

Acquisition Highlights
  • This is Avid’s 6th transaction in the Software sector.
  • This is Avid’s 3rd largest (disclosed) transaction.
  • This is Avid’s 6th transaction in the United States.
  • This is Avid’s 4th transaction in California.

M&A Deal Summary
Date 2004-01-26
Target NXN Software AG
Sector Software
Buyer(s) Avid
Sellers(s) Duke Forest Capital
3i Private Equity
Deal Type Add-on Acquisition
Deal Value 44M USD
Advisor(s) Arma Partners LLP (Financial)

Target

NXN Software AG

Daly City, California, United States
NXN Software AG is a provider of asset and production management systems specifically targeted for the entertainment and computer graphics industries.

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Buyer(S) 1

Buyer

Avid

Burlington, Massachusetts, United States
Category Company
Founded 1987
Sector Software
Employees1,485
Revenue 417M USD (2022)
DESCRIPTION

Avid is a provider of audio and video technology for media organizations and independent professionals. Company customers use Avid solutions to create, distribute, and monetize the most prestigious and award-winning films, videos, music recordings, TV shows, live concerts, and news broadcasts. Avid was founded in 1987 and is based in Burlington, Massachusetts.

DEAL STATS #
Overall 7 of 19
Sector (Software) 6 of 12
Type (Add-on Acquisition) 6 of 17
State (California) 4 of 7
Country (United States) 6 of 11
Year (2004) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-04 Rocket Network

San Francisco, California, United States

Rocket Network, Inc. provides Internet media collaboration and delivery products for audio and video media.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-20 M-Audio

Cumberland, Rhode Island, United States

M-Audio, Inc. (formerly Midiman) is a provider of creative tools for electronic musicians and audio professionals. M-Audio specializes in transforming advanced technology into affordable products.

Buy -

Seller(S) 2

SELLER

Duke Forest Capital

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Duke Forest Capital is an independent private equity firm focused on providing growth capital to medium-sized technology companies.

DEAL STATS #
Overall 1 of 10
Sector (Software) 1 of 4
Type (Add-on Acquisition) 1 of 7
State (California) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-07-01 Versant

Redwood City, California, United States

Versant Corporation is a provider of database management software for developers, helping companies to build applications to handle complex information in environments that have high performance and high availability requirements.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-04 Mediapps SA

Lyon, France

EMEA leader in integrated Enterprise Content Management (ECM) solutions, referenced by the Gartner Group in the “ECM Magic Quadrant”, EVER TEAM brings over 20 years of expertise and innovation in the field of ECM. EVER TEAM is focused on delivering solutions to enable mid to large organizations leverage unstructured business content, enhance business processes productivity and comply with content related regulations through a suite of integrated solutions that are quick to deploy, easy to use and targeting a Return on Investment within a year.

Sell -
SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.

DEAL STATS #
Overall 11 of 194
Sector (Software) 1 of 3
Type (Add-on Acquisition) 2 of 61
State (California) 1 of 2
Country (United States) 1 of 14
Year (2004) 2 of 8
Size (of disclosed) 67 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-14 Multigraphics

Bradford,

Multigraphics is a leading specialist in large-format printing, including advertising banners and point-of-sale material.The firm has invested substantially in technology, and now boasts some of Europe?s largest silk-screen printing presses and highly flexible digital presses for low-volume work.Customers include supermarket chains Asda, Tesco, and Sainsbury?s, high-street chains such as JD Sports and Music Zone and fast food outlets McDonald?s and Burger King. These are all managed directly or via third-party partners.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-01 Hyva

Alphen aan den Rijn, Netherlands

Hyva is a provider of hydraulic cylinders and hydraulic tipping solutions for application in heavy-duty transportation equipment used in industries such as infrastructure, mining and environmental services. Hyva was founded in 1979 and is based in Alphen aan den Rijn, Netherlands.

Buy €255M
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