M&A Deal Summary

Electric Lightwave Acquires Advanced Telcom Group

On December 30, 2004, Electric Lightwave acquired communications company Advanced Telcom Group from TPG

Acquisition Highlights
  • This is Electric Lightwave’s 1st transaction in the Communications sector.
  • This is Electric Lightwave’s 1st transaction in the United States.
  • This is Electric Lightwave’s 1st transaction in California.

M&A Deal Summary
Date 2004-12-30
Target Advanced Telcom Group
Sector Communications
Buyer(s) Electric Lightwave
Sellers(s) TPG
Deal Type Add-on Acquisition

Target

Advanced Telcom Group

Santa Rosa, California, United States
Advanced Telcom Group (ATG) provides voice and data services to small and mid-sized businesses. The company offers local, long distance, broadband and voice messaging services to customers in California, Nevada, Oregon and Washington. Advanced TelCom also offers on-line cost management service designed to improve a clients ability to track and manage communications costs. ATG also provides voice and data services to small and mid-sized businesses.

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Buyer(S) 1

Buyer

Electric Lightwave

Vancouver, Washington, United States
Category Company
Founded 1984
Sector Communications
DESCRIPTION

Electric Lightwave, Inc. is a provider of communication and networking services in the western United States.

DEAL STATS #
Overall 1 of 4
Sector (Communications) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (California) 1 of 2
Country (United States) 1 of 4
Year (2004) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 Electric Lightwave

Portland, Oregon, United States

Electric Lightwave, Inc. is a facilities-based integrated communications provider of Internet, data, voice and dedicated access services to enterprise businesses and carriers.

Buy $243M

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 21 of 267
Sector (Communications) 3 of 14
Type (Add-on Acquisition) 5 of 94
State (California) 3 of 63
Country (United States) 16 of 193
Year (2004) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-18 Celerity Group

Redwood City, California, United States

Celerity Group, Inc. is a world leader in the design and production of high performance gas and liquid delivery process modules and critical instruments that are integral to semiconductor manufacturing and other related industries requiring high precision process control.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 G2 Switchworks

Chicago, Illinois, United States

G2 SWITCHWORKS provides travel distribution solutions for travel agencies and suppliers in the U.S. It provides TRUEconnect, a distribution network that provides an end-to-end solution with automated suite of interfaces, such as content management, shopping, booking, payment processing, fulfillment, customer service, and reconciliation services; and G2Agent, a web-based travel reservation interface that enables travel agents to access TRUEconnect network to shop and perform travel reservation and automated servicing.

Buy -
Mergr

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