M&A Deal Summary

Elenos Group Acquires Broadcast Electronics

On December 20, 2017, Elenos Group acquired technology hardware company Broadcast Electronics from Audax Private Equity and ABRY Partners

Acquisition Highlights
  • This is Elenos Group’s 1st transaction in the Technology Hardware sector.
  • This is Elenos Group’s 1st transaction in the United States.
  • This is Elenos Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2017-12-20
Target Broadcast Electronics
Sector Technology Hardware
Buyer(s) Elenos Group
Sellers(s) Audax Private Equity
ABRY Partners
Deal Type Add-on Acquisition

Target

Broadcast Electronics

Quincy, Illinois, United States
Broadcast Electronics, Inc. is a provider of equipment and software solutions to the radio broadcast market.

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

Elenos Group

Poggio Renatico, Italy
Category Company
Founded 1977
Sector Electronics
DESCRIPTION

Elenos is a global manufacturer of innovative, state-of-the-art FM transmitters. Elenos' transmitters are widely noted for their compact design, low energy consumption, and reliability. Elenos has offices and support facilities in Europe, North America and Asia.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 2

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 58 of 102
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 20 of 35
State (Illinois) 4 of 8
Country (United States) 56 of 97
Year (2017) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 Liquid Environmental Solutions

Irving, Texas, United States

Liquid Environmental Solutions is a provider of non-hazardous liquid waste management and disposal services for the restaurant, hospitality, automotive, manufacturing, power plant, petrochemical, and other industries, as well as environmental services companies. Liquid Environmental Solutions was founded in 2002 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 Corsearch

London, United Kingdom

Corsearch is a player in the brand risk and performance market, serving over 5,000 clients across multiple industries. Corsearch Brand Risk and Performance solutions are revolutionizing how companies commercialize and protect their growth. Corsearch delivers data, analytics, and services that support brands to market their assets and reduce commercial risks. From IP clearance to brand protection and anti-piracy, Corsearch provides a comprehensive program that Press Release 2/2 enables businesses to secure brand value and thrive commercially. Corsearch was founded in 1949 and is based in London, United Kingdom.

Buy -
SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 73 of 103
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 39 of 53
State (Illinois) 2 of 2
Country (United States) 64 of 88
Year (2017) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-13 NexusTek

Greenwood Village, Colorado, United States

NexusTek is a provider of regional IT support and outsourcing including help desk, cloud services, VoIP, cyber security services, server monitoring and Microsoft Dynamics 365 CRM services. From managed IT services to cloud solutions and customized business software implementations, NexusTek employs top talent, offers personalized attention, and brings nearly 22 years implementing technology best practices for companies across Arizona and the region. NexusTek was founded in 1996 and is based in Greenwood Village, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 SiteLock

Scottsdale, Arizona, United States

SiteLock is a provider of web security solution to offer complete, cloud-based website protection. Its 360-degree monitoring finds and fixes threats, prevents future attacks, accelerates website performance and meets PCI compliance standards for businesses of all sizes. SiteLock was founded in 2008 and is based in Scottsdale, Arizona.

Buy -
Mergr

Product

Company

Legal