M&A Deal Summary

Crosslink Capital and Housatonic Partners Acquire 365 Data Centers

On September 4, 2012, growth capital firm Crosslink Capital and private equity firm Housatonic Partners acquired information technology company 365 Data Centers

Acquisition Highlights
  • This is Crosslink Capital’s 10th and Housatonic Partners’ 1st transaction in the Information Technology sector.
  • This is Crosslink Capital’s 51st and Housatonic Partners’ 48th transaction in the United States.
  • This is Crosslink Capital’s 1st and Housatonic Partners’ 2nd transaction in Connecticut.
Investment Fate
  • 365 Data Centers was sold to a consortium of financial buyers in 2017.
  • 365 Data Centers was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2012-09-04
Target 365 Data Centers
Sector Information Technology
Buyer(s) Crosslink Capital
Housatonic Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

365 Data Centers

Norwalk, Connecticut, United States
365 Data Centers is a provider of hybrid data center solutions in 12 strategic, primarily edge, markets. With Data Centers in Boca Raton, Bridgewater (New Jersey), Buffalo, Chicago, Commack (Long Island), Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New York City, and Tampa, the Company operates facilities aggregating 230,000 square feet and 22 MW of power, along with an interconnected, resilient, low latency, nationwide fiber network. 365 Data Centers was founded in 2002 and is based in Norwalk, Connecticut.

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Buyer(S) 2

Buyer

Crosslink Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Crosslink Capital is a growth-oriented investment firm focused on technology companies. Crosslink's typically invests in early-stage companies, however, the Firm will consider opportunities at every stage, from seed to pre-IPO to PIPE offerings. Sectors of interest include communications/infrastructure services, core technology, semiconductors, internet, and software. Crosslink Capital is based in San Francisco, California.


DEAL STATS #
Overall 51 of 76
Sector: Information Technology M&A 10 of 15
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 51 of 76
Year: 2012 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Bleacher Report

San Francisco, California, United States

Bleacher Report is a digital destination for team-specific sports content and real-time event coverage and is one of the fastest-growing digital properties in the U.S. Bleacher Report is based in San Francisco, California.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-04 Validity Sensors

San Jose, California, United States

Validity Sensors, Inc. provides fingerprint identification devices in US.

Buy -
Buyer

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 50 of 79
Sector: Information Technology M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 28 of 33
State: Connecticut M&A 2 of 2
Country: United States M&A 48 of 73
Year: 2012 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Cleo

Rockford, Illinois, United States

Cleo is an ecosystem integration software company whose solutions simplify the movement and integration of critical B2B enterprise data, thereby enabling business agility and business flow visibility. The Cleo Integration Cloud (CIC) is a cloud-based platform that brings end-to-end integration visibility across API, EDI, and non-EDI integrations and gives technical and business users the confidence and capability to rapidly onboard trading partners, enable integration between applications, and accelerate revenue-generating business processes. Cleo was founded in 1976 and is based in Rockford, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Circle Graphics

Longmont, Colorado, United States

Circle Graphics is a large-format digital printing company, specializing in billboard prints for the US market. The Company focuses on the outdoor advertising market and provides both paper and vinyl billboard prints to the largest outdoor media companies in the nation. Circle Graphics was founded in 1999 and is based in Longmont, Colorado.

Buy -