M&A Deal Summary

EagleTree Capital and Blue Equity Acquire Globecomm Systems

On August 26, 2013, private equity firms EagleTree Capital and Blue Equity acquired communications company Globecomm Systems from Blue Equity for 340M USD

Acquisition Highlights
  • This is EagleTree Capital’s 1st and Blue Equity’s 2nd transaction in the Communications sector.
  • This is EagleTree Capital’s 5th and Blue Equity’s largest (disclosed) transaction.
  • This is EagleTree Capital’s 20th and Blue Equity’s 7th transaction in the United States.
  • This is EagleTree Capital’s 7th and Blue Equity’s 3rd transaction in New York.
Investment Fate
  • Globecomm Systems was sold to a consortium of financial buyers in 2017.
  • Globecomm Systems was sold to a publicly-traded strategic buyer in 2018 for 135M USD.

M&A Deal Summary

Date 2013-08-26
Target Globecomm Systems
Sector Communications
Buyer(s) EagleTree Capital
Blue Equity
Sellers(s) Blue Equity
Deal Type Going Private
Deal Value 340M USD
Advisor(s) Needham & Co. LLC (Financial)
Kramer Levin Naftalis & Frankel (Legal)

Target

Globecomm Systems

Hauppauge, New York, United States
Globecomm Systems, Inc. is a developer and managing network complex communications solutions with a strong track record of growth and innovative engineering that leverages its global communications network. Globecomm Systems, Inc. was founded in 1994 and is based in Hauppauge, New York.

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Buyer(S) 2

Buyer

EagleTree Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.


DEAL STATS #
Overall 22 of 46
Sector (Communications) 1 of 1
Type (Going Private) 2 of 2
State (New York) 7 of 9
Country (United States) 20 of 44
Year (2013) 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-12 The Deal

New York, New York, United States

The Deal LLC is a provider of unique and proprietary content that serves the news, information and idea generation needs of corporate and financial dealmakers, advisers, intermediaries and investors.

Sell $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 RBmedia

Landover, Maryland, United States

RBmedia is a provider in spoken audio content and digital media distribution technology that reaches millions of consumers – at home, in the car, and wherever their mobile devices take them. RBmedia produces exclusive titles and delivers the finest digital content and information – including audiobooks, educational courses, entertainment titles, and much more. RBmedia is based in Landover, Maryland.

Buy -
Buyer

Blue Equity

Louisville, Kentucky, United States

Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Blue Equity is a Southern-US based private equity firm focused on a variety of business transactions as well as real estate investments. The Firm will consider opportunities across all company stages, from startups to recapitalizations. Blue Equity typically looks for situations with experienced management, and depending on the situation, can be minimal or more active investor. Blue Equity was formed in 2004 and is based in Louisville, Kentucky and also has office in Miami, Florida.


DEAL STATS #
Overall 9 of 24
Sector (Communications) 2 of 2
Type (Going Private) 1 of 1
State (New York) 3 of 6
Country (United States) 7 of 21
Year (2013) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Angel’s Envy

Louisville, Kentucky, United States

Angel’s Envy is a craft bourbon production created by the world’s most renowned master distiller, Lincoln Henderson. Positioned as the world’s premier super-premium bourbon brand, it is distilled in the traditional homeland of bourbon, where the climate and soil produce the best base ingredients for bourbon. The aging process begins with a period of four to six years in American white oak barrels, followed by three to six additional months of aging in hand-selected port casks. As bourbon ages in the barrels, it’s drawn into the charred white oak during summer months and it recedes back into the virgin barrels during winter months. Angel’s Envy was founded in 2010 and is based in Louisville, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-14 Artspace

New York, New York, United States

Artspace is an electronic medium for art sales to the industry and consumer whose mission is to create, foster, and preserve affordable works for artists and arts organizations. It pursues this mission through development projects, asset management activities, consulting services, and community-building activities that serve artists and arts organizations of all disciplines, cultures, and economic circumstances. By creating this medium, Artspace supports the continued professional growth of artists, and enhances the cultural and economic vitality of the surrounding communities. Artspace was founded in 2011 and is based in New York City.

Sell -

Seller(S) 1

SELLER

Blue Equity

Louisville, Kentucky, United States

Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Blue Equity is a Southern-US based private equity firm focused on a variety of business transactions as well as real estate investments. The Firm will consider opportunities across all company stages, from startups to recapitalizations. Blue Equity typically looks for situations with experienced management, and depending on the situation, can be minimal or more active investor. Blue Equity was formed in 2004 and is based in Louisville, Kentucky and also has office in Miami, Florida.


DEAL STATS #
Overall 6 of 18
Sector (Communications) 1 of 2
Type (Going Private) 1 of 1
State (New York) 1 of 4
Country (United States) 5 of 15
Year (2013) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Angel’s Envy

Louisville, Kentucky, United States

Angel’s Envy is a craft bourbon production created by the world’s most renowned master distiller, Lincoln Henderson. Positioned as the world’s premier super-premium bourbon brand, it is distilled in the traditional homeland of bourbon, where the climate and soil produce the best base ingredients for bourbon. The aging process begins with a period of four to six years in American white oak barrels, followed by three to six additional months of aging in hand-selected port casks. As bourbon ages in the barrels, it’s drawn into the charred white oak during summer months and it recedes back into the virgin barrels during winter months. Angel’s Envy was founded in 2010 and is based in Louisville, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-14 Artspace

New York, New York, United States

Artspace is an electronic medium for art sales to the industry and consumer whose mission is to create, foster, and preserve affordable works for artists and arts organizations. It pursues this mission through development projects, asset management activities, consulting services, and community-building activities that serve artists and arts organizations of all disciplines, cultures, and economic circumstances. By creating this medium, Artspace supports the continued professional growth of artists, and enhances the cultural and economic vitality of the surrounding communities. Artspace was founded in 2011 and is based in New York City.

Sell -