M&A Deal Summary

E.C.S. Acquires EINSTEINet

On December 31, 2003, E.C.S. acquired internet software and services company EINSTEINet from Irving Place Capital

Acquisition Highlights
  • This is E.C.S.’s 1st transaction in the Internet Software and Services sector.
  • This is E.C.S.’s 1st transaction in Germany.

M&A Deal Summary

Date 2003-12-31
Target EINSTEINet
Sector Internet Software and Services
Buyer(s) E.C.S.
Sellers(s) Irving Place Capital
Deal Type Add-on Acquisition

Target

EINSTEINet

Munich, Germany
EINSTEINet GmbH was an applications service provider (“ASP”).

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Buyer(S) 1

Buyer

E.C.S.

Holzmaden, Germany

Category Company
Founded 1991
Sector Internet Software and Services
Employees9
DESCRIPTION

E.C.S. GmbH provides application services.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2003 M&A 1 of 1

Seller(S) 1

SELLER

Irving Place Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 4.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.


DEAL STATS #
Overall 6 of 39
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 17
Country: Germany M&A 1 of 1
Year: 2003 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-01 Bethny

Germantown, Maryland, United States

Balducci's Food Lover's Market is a gourmet specialty food shop with stores located in New York, Connecticut, Maryland, Virginia and On the Go Café locations in New York City and Baltimore, MD.; with an office in Rockville, MD. With a commitment to food, each item brings the very best in flavors. From hand-selected produce, a variety of meats roasted and smoked in Old World tradition, fish flown in fresh from the wharves, restaurant–quality prepared foods, imported cheeses, and Balducci's own brand offerings, Balducci's has all the indulgences one can imagine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Multi Packaging Solutions

New York, New York, United States

Multi Packaging Solutions, Inc. is a global provider of value-added packaging solutions to a diverse customer base across the healthcare, consumer and multi-media markets. MPS provides its customers with an extensive array of print-based specialty packaging solutions, including premium folding cartons, inserts, labels and rigid packaging across a variety of substrates and finishes. MPS has 59 manufacturing locations across North America, Europe and Asia and employs approximately 8,800 people.

Buy -