M&A Deal Summary

Clearwire Acquires Oneida Broadband

On June 23, 2009, Clearwire acquired communications company Oneida Broadband from Catalyst Investors and Northwood Ventures

Acquisition Highlights
  • This is Clearwire’s 1st transaction in the Communications sector.
  • This is Clearwire’s 1st transaction in the United States.
  • This is Clearwire’s 1st transaction in New York.

M&A Deal Summary

Date 2009-06-23
Target Oneida Broadband
Sector Communications
Buyer(s) Clearwire
Sellers(s) Catalyst Investors
Northwood Ventures
Deal Type Add-on Acquisition

Target

Oneida Broadband

New York, New York, United States
Oneida Broadband LLC acquires, builds, and operates broadband wireless access networks in the United States.

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Buyer(S) 1

Buyer

Clearwire

Bellevue, Washington, United States

Category Company
Sector Communications
DESCRIPTION

Clearwire Inc., based in Kirkland, Washington, is a provider of reliable, wireless, high-speed broadband Internet service to consumers and small businesses.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1

Seller(S) 2

SELLER

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.


DEAL STATS #
Overall 22 of 40
Sector: Communications M&A 10 of 12
Type: Add-on Acquisition M&A Deals 11 of 19
State: New York M&A 1 of 4
Country: United States M&A 21 of 38
Year: 2009 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-28 Chancellor University

Clevland, Ohio, United States

Chancellor University (fka :David N. Myers University) is a 160-year old accredited college and graduate degree granting institution. Chancellor University is based in Clevland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-09 Aplus.net

Overland Park, Kansas, United States

Aplus.net is a provider of shared / dedicated hosting, domain registration and web design services.

Sell -
SELLER

Northwood Ventures

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Northwood Ventures is a private investment firm that invests at all stages of company development, including venture, buyout, consolidation, growth, recapitalization, and turnaround situations. Northwood prefers opportunities located within the US and will consider both minority and control situations. Northwood's typical investment ranges from $5 to $15 million. Target sectors include telecommunications, manufacturing, retailing/consumer, financial services, and service-oriented business industries. Northwood Ventures was formed in 1983 and is based in Syosset, New York.


DEAL STATS #
Overall 37 of 53
Sector: Communications M&A 8 of 11
Type: Add-on Acquisition M&A Deals 17 of 22
State: New York M&A 3 of 6
Country: United States M&A 35 of 48
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 EzGov

Atlanta, Georgia, United States

EzGov, Inc. is a software company that enhances production and service through the delivery of e-government solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-18 RedBuilt

Boise, Idaho, United States

RedBuilt manufactures and designs joists, beams and wood trusses for commercial, industrial and multifamily residential building applications. RedBuilt was formed in 1958 and is based in Boise, Idaho.

Buy -