M&A Deal Summary

CommScope Acquires Airvana

On October 1, 2015, CommScope acquired communications company Airvana from ZMC, Siris Capital Group and Sankaty Advisors

Acquisition Highlights
  • This is CommScope’s 2nd transaction in the Communications sector.
  • This is CommScope’s 6th transaction in the United States.
  • This is CommScope’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2015-10-01
Target Airvana
Sector Communications
Buyer(s) CommScope
Sellers(s) ZMC
Siris Capital Group
Sankaty Advisors
Deal Type Add-on Acquisition
Advisor(s) Pacific Crest Securities, Inc. (Financial)
Sidley (Legal)

Target

Airvana

Chelmsford, Massachusetts, United States
Airvana LP is a provider of 4G LTE and 3G small cell solutions that enable people to access communications, information and entertainment in the most challenging and high-value environments—offices, public venues and homes.

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Buyer(S) 1

Buyer

CommScope

Claremont, North Carolina, United States
Category Company
Founded 1976
Sector Technology Hardware
Employees20,000
Revenue 5.8B USD (2023)
DESCRIPTION

CommScope is a designer, builder and manager of wired and wireless network communication equipment. CommScope was incorporated in 1976 and is based in Claremont, North Carolina.

DEAL STATS #
Overall 9 of 12
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 8 of 11
State (Massachusetts) 1 of 1
Country (United States) 6 of 8
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-28 TE Connectivity - Broadband Network Solutions

United States

TE Connectivity - Broadband Network Solutions (BNS) businesses is a provider of fiber optic connectivity for wireline and wireless networks.

Buy $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-14 CommScope Holding - Active Fiber Access Product Lines

Hickory, North Carolina, United States

CommScope Holding Co., Inc. - Active Fiber Access Product Lines is a provider of cable operators with the scalable solutions, services and support they require to compete in the multi-gigabit service delivery market.

Sell -

Seller(S) 3

SELLER

ZMC

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Zelnick Media Capital (ZMC) is a private equity firm focused on the media and communications sectors. ZMC looks to partner with management teams when pursuing transactions and will consider a variety of transaction situations, including growth-oriented investments and companies in need of operational improvement. Zelnick Media Capital was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 3 of 8
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 2 of 5
State (Massachusetts) 1 of 1
Country (United States) 3 of 7
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-29 Cast & Crew

Burbank, California, United States

Cast & Crew is a provider of software and services to the entertainment production industry. Cast & Crew's software products and services assist in the areas of payroll & human resources, accounting & financial, and workflow & productivity. Cast & Crew was founded in 1976 and is based in Burbank, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 ENA

Nashville, Tennessee, United States

ENA is an education and telecommunications industry as a managed network and communication services provider ENA delivers future-ready connectivity, communication, cloud, and security solutions to education, library, healthcare, and government organizations nationwide. ENA was founded in 1996 and is based in Nashville, Tennessee.

Buy -
SELLER

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 2 of 9
Sector (Communications) 1 of 3
Type (Add-on Acquisition) 2 of 8
State (Massachusetts) 1 of 3
Country (United States) 2 of 8
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-23 Digital River

Minnetonka, Minnesota, United States

Digital River is an online business for software and game publishers, consumer electronics manufacturers, distributors, online retailers, and affiliates. Its multi-channel commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running a global commerce operation. Digital River was founded in 1994 and is based in Minnetonka, Minnesota.

Buy $840M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 PGI

Alpharetta, Georgia, United States

PGI is a provider of audio conferencing solutions and SaaS-based web and video collaboration solutions to large global companies, mid-sized companies, and SMBs. PGi has a broad suite of conferencing and collaboration solutions that enable business users to easily connect, collaborate, and share ideas and information in real-time using traditional phones, desktops, video systems, laptops, tablets, smartphones, and other mobile devices. PGI was founded in 1991 and is based in Alpharetta, Georgia.

Buy $1.0B
SELLER

Sankaty Advisors

Boston, Massachusetts, United States
Category Company
Founded 1998
Sector Financial Services
DESCRIPTION

Sankaty Advisors is the independently-managed credit affiliate of Bain Capital, LLC and a private managers of fixed income and credit instruments. Founded in 1998 and now managing more than $24 billion of assets, Sankaty has an integrated team of 200 people that enables the firm to invest up and down the capital structure, and to conduct rigorous, independent analysis of thousands of corporate issuers.

DEAL STATS #
Overall 2 of 3
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-14 Lambert Smith Hampton

London, United Kingdom

Lambert Smith Hampton (LSH) is a commercial property consultancy operating from a national network of 27 offices based in the UK and Ireland. The company offers a wide range of consultancy and transactional services to an enviable private and public sector client base. LSH’s revenues are diversified by client, geography and service line.

Sell £34M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Aleris International

Cleveland, Ohio, United States

Aleris International is a producer of aluminum rolled products and extrusions, aluminum recycling and specification alloy production. Major customers include some of the world’s largest companies in the aerospace, building and construction, containers and packaging, metal distribution, and transportation industries. Aleris serves these customers with its low-cost, flexible, technically advanced and strategically located manufacturing operations supported by industry-leading research and development.

Sell $2.6B
Mergr

Product

Company

Legal