Secondary Buyout • Information Technology

CVC Capital Partners Acquires Wireless Logic Group

On February 10, 2015, private equity firm CVC Capital Partners acquired information technology company Wireless Logic Group from ECI Partners

Acquisition Context
  • This is CVC Capital Partners’ 3rd transaction in the Information Technology sector.
  • This is CVC Capital Partners’ 39th transaction in the United Kingdom.
Investment Fate
  • Wireless Logic Group was sold to a consortium of financial buyers in 2018.

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M&A Deal Summary

Date February 10, 2015
Target Wireless Logic Group
Sector Information Technology
Buyer(s) CVC Capital Partners
Sellers(s) ECI Partners
Deal Type Secondary Buyout
Advisor(s) Arma Partners (Financial)

Target Company

Wireless Logic Group

Berkshire, United Kingdom
Wireless Logic Group is a machine-to-machine (M2M) managed services provider combining infrastructure, platforms and connectivity. Wireless Logic Group was founded in 2000 and is based in Berkshire, United Kingdom.
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Buyer Overview 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


Deal Context for Buyer #
Overall 170 of 329
Sector: Information Technology 3 of 12
Type: Secondary Buyout 28 of 78
Country: United Kingdom 39 of 61
Year: 2015 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-06 Sunrise Communications

Zurich, Switzerland

Sunrise is a Swiss telecom provider. The company has fixed line and mobile subscribers and operates nationwide GSM and UMTS mobile networks as well as a nationwide fibre optic broadband network stretching over 9,000km allowing for an 80% direct broadband coverage to households nationwide. Sunrise Communications Group was founded in 2015 and is based in Zürich, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-13 Paroc Group Oy AB

Helsinki, Finland

Paroc Group Oy AB is a mineral wool insulation manufacturers in Europe. The company develops, manufactures and distributes stone wool products for use by the building industry and other industrial applications.

Buy $700M

Seller Profile 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


Deal Context for Seller #
Overall 47 of 76
Sector: Information Technology 12 of 13
Type: Secondary Buyout 10 of 26
Country: United Kingdom 45 of 70
Year: 2015 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-09 IDX

London, United Kingdom

IDX is a provider of digital corporate communications and marketing services to blue-chip institutions globally. IDX was founded in 2000 and is based in London, United Kingdom.

Buy £50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-19 Tusker

Hertfordshire, United Kingdom

Tusker is a car benefit scheme provider. As a digital B2B2C business, it supports employers in retaining staff and enhancing employee engagement by providing employees with a salary-saving scheme to access a new, fully insured, and maintained car. Tusker’s cars are also a great way to go green, with 80% of new orders for electric cars. Tusker was founded in 2000 and is based in Hertfordshire, United Kingdom.

Buy -