M&A Deal Summary

DH&C Outsourcing SA Acquires Diveo Broadband Networks

On December 29, 2010, DH&C Outsourcing SA acquired communications company Diveo Broadband Networks from Meritage Funds, Norwest Equity Partners and Alta Equity Partners for 694M BRL

Acquisition Highlights
  • This is DH&C Outsourcing SA’s 1st transaction in the Communications sector.
  • This is DH&C Outsourcing SA’s largest (disclosed) transaction.
  • This is DH&C Outsourcing SA’s 1st transaction in the United States.
  • This is DH&C Outsourcing SA’s 1st transaction in Florida.

M&A Deal Summary
Date 2010-12-29
Target Diveo Broadband Networks
Sector Communications
Buyer(s) DH&C Outsourcing SA
Sellers(s) Meritage Funds
Norwest Equity Partners
Alta Equity Partners
Deal Type Add-on Acquisition
Deal Value 694M BRL

Target

Diveo Broadband Networks

Ft. Lauderdale, Florida, United States
Diveo Broadband Networks is a leading local broadband and data center solutions provider for corporate customers in Brazil and Colombia. The Company works together with its customers to develop made-to-fit, integrated solutions to satisfy dynamic, complex business needs.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

DH&C Outsourcing SA

Sao Paulo, Brazil
Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

UOLDIVEO is focused in the excellence of IT Outsourcing services providing for the corporate segment of midsize and large companies.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 3

SELLER

Meritage Funds

Arvada, Colorado, United States

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1998
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Meritage Funds is a private investment firm focused on growth equity opportunities. The Firm targets companies that deliver tech-based services that leverage recurring revenue business models. Areas of interest include businesses that 'enable communications, deliver content, and facilitate commerce'. Prospective transaction situations include direct equity financings, recapitalizations, control acquisitions, consolidations, restructurings, spin-outs and management buy-outs. Meritage typically looks to commit $3 to $20 million over the lifecycle of an investment. Meritage Funds was formed in 1998 and is based in Arvada, Colorado.

DEAL STATS #
Overall 9 of 14
Sector (Communications) 8 of 9
Type (Add-on Acquisition) 6 of 8
State (Florida) 1 of 1
Country (United States) 7 of 12
Year (2010) 2 of 2
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-08 NewPath Networks

Seattle, Washington, United States

NewPath Networks is a wireless infrastructure company that designs, develops and operates fiber-fed wireless carrier networks using a distributed antenna architecture to improve signal strength and network capacity.

Sell $115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-28 Crisp Media

New York, New York, United States

Crisp Media, Inc. (dba Crisp Mobile) is a mobile marketing and advertising company that delivers interactive campaigns across all devices, web browsers and app platforms. Crisp simplifies creative development for agencies, streamlines ad serving for publishers and unifies advertising campaign reporting for media buyers and brands. Crisp Mobile was established in 1999 and is headquartered in New York.

Buy -
SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 13 of 54
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 6 of 20
State (Florida) 1 of 2
Country (United States) 13 of 52
Year (2010) 2 of 2
Size (of disclosed) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-30 Univar

Downers Grove, Illinois, United States

Univar Solutions is a global chemical and ingredient distributor and a provider of value-added services to customers across a wide range of industries. Univar was founded in 1924 and is based in Downers Grove, Illinois.

Buy $4.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-07 Surgical Information Systems

Alpharetta, Georgia, United States

Surgical Information Systems is a provider of cloud-based ASC management which includes surgeon office case request, scheduling, insurance verification, registration, billing, payment posting, accounts receivable, collections, and inventory. Surgical Information Systems was founded in 1996 and is based in Alpharetta, Georgia.

Buy -
SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.

DEAL STATS #
Overall 38 of 45
Sector (Communications) 20 of 20
Type (Add-on Acquisition) 32 of 36
State (Florida) 4 of 5
Country (United States) 36 of 43
Year (2010) 1 of 1
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-24 Bluewater Broadcasting

Montgomery, Alabama, United States

Bluewater Broadcasting Co. LLC is a broadcasting company formed by Scott McQueen, Rick Peters, and its radio broadcasts offer pop tunes, news, and updates. Alta Communications to consolidate small market radio stations in the southeastern United States. Bluewater Broadcasting was founded in 1995 and is based in Montgomery, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-19 Inner City Broadcasting

New York, New York, United States

ICBC Broadcast Holdings, Inc., the second largest radio broadcasting company in the U.S. that primarily targets urban markets. The company owned and operated 17 radio stations.

Sell -
Mergr

Product

Company

Legal