M&A Deal Summary

Cohesive Capital Partners and Siris Capital Group Acquire Mavenir

On February 8, 2017, private equity firms Cohesive Capital Partners and Siris Capital Group acquired information technology company Mavenir

Acquisition Highlights
  • This is Cohesive Capital Partners’ 1st and Siris Capital Group’s 4th transaction in the Information Technology sector.
  • This is Cohesive Capital Partners’ 11th and Siris Capital Group’s 10th transaction in the United States.
  • This is Cohesive Capital Partners’ 2nd and Siris Capital Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2017-02-08
Target Mavenir
Sector Information Technology
Buyer(s) Cohesive Capital Partners
Siris Capital Group
Deal Type Consolidation

Target

Mavenir

Richardson, Texas, United States
Mavenir provides end-to-end cloud-native Network Software providers and a provider in accelerating software network transformation for communications service providers (CSPs). Mavenir was founded in 2017 and is based in Richardson, Texas.

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Buyer(S) 2

Buyer
DESCRIPTION

Cohesive Capital Partners is private equity co-investment firm. The Firm looks to invest and work alongside deal sponsors in small to mid-sized companies and will consider businesses operating in any sector. Prospective deal situations include buyouts, growth equity financings, and other opportunistic situations. Cohesive Capital Partners was formed in 2010 and is based in New York City.


DEAL STATS #
Overall 12 of 32
Sector (Information Technology) 1 of 2
Type (Consolidation) 1 of 1
State (Texas) 2 of 5
Country (United States) 11 of 30
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Outworx Group

Westbury, New York, United States

Outworx Group is a provider of diversified municipal and facility maintenance services. Outworx Group was founded in 1981 and is headquartered in Westbury, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-01 DJR Energy

Denver, Colorado, United States

DJR Energy is an exploration and production company focused on developing oil and gas resources. DJR Energy was founded in 2002 and is based in Denver, Colorado.

Buy -
Buyer

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Siris Capital Group is a private equity firm focused on control investments in technology, telecommunications, and healthcare companies. Siris looks to acquire large companies valued from $250 million to $2 billion. The Firm was spun out of hedge fund SAC Capital Advisors in 2011. Siris Capital Group is based in New York City.


DEAL STATS #
Overall 10 of 20
Sector (Information Technology) 4 of 6
Type (Consolidation) 1 of 1
State (Texas) 1 of 3
Country (United States) 10 of 18
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-08 Xura

Wakefield, Massachusetts, United States

Xura is a provider of IT solutions to global communications across a variety of mobile devices and platforms. The company helps communication service providers (CSPs) and enterprises navigate and monetize the digital ecosystem to create innovative, new experiences through our cloud-based offerings. Xura was founded in 1997 and is based in Wakefield, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 IntraLinks Holdings

New York City, New York, United States

IntraLinks Holdings, Inc. is a global content collaboration company that provides cloud-based solutions to control the sharing, distribution and management of high value content within and across organizations according to the highest-level of security and the most stringent compliance regulations. Over 90,000 clients, 99% of the Fortune 1000 companies, have depended on Intralinks to digitally transform and simplify critical business processes, and secure high-value information. With a 20-year track record of enabling high-stakes transactions and business collaborations valued at more than $31.3 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration technology.

Buy $1.0B