M&A Deal Summary

Flash Networks Acquires Mobixell Networks

On January 7, 2014, Flash Networks acquired information technology company Mobixell Networks from Apax, Escalate Capital and Azini Capital Partners

Acquisition Highlights
  • This is Flash Networks’ 1st transaction in the Information Technology sector.
  • This is Flash Networks’ 2nd transaction in the United States.
  • This is Flash Networks’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2014-01-07
Target Mobixell Networks
Sector Information Technology
Buyer(s) Flash Networks
Sellers(s) Apax
Escalate Capital
Azini Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Mobixell Networks

Edison, New Jersey, United States
Mobixell Networks provides intelligent mobile Internet solutions to mobile operators that optimize data networks and maximize data profitability. Mobixell’s flagship product, Seamless Access, enables mobile operators to intelligently manage, optimize, and monetize the surging mobile data and video traffic while giving subscribers an exceptional user experience.

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Buyer(S) 1

Buyer

Flash Networks

Neptune, New Jersey, United States

Category Company
Founded 1996
Sector Technology Hardware
DESCRIPTION

Flash Networks is a provider of optimization solutions that enable telecommunications operators to improve Radio Access Network spectral efficiency, boost network speed, optimize video and web traffic, and generate over-the-top revenues from the mobile internet. Flash Networks was formed in 1996 and is based in Neptune, New Jersey.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Unipier

Netanya, Israel

Unipier provides intelligent policy management will add value to the mobile Internet solutions provider Flash Network.

Buy -

Seller(S) 3

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 91 of 173
Sector: Information Technology M&A 6 of 17
Type: Add-on Acquisition M&A Deals 36 of 60
State: New Jersey M&A 3 of 3
Country: United States M&A 35 of 65
Year: 2014 M&A 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-30 Bob s Discount Furniture

Manchester, Connecticut, United States

Bob's Discount Furniture operates as a furniture retailer in the Northeast. It offers living room products, such as fabrics, leather, sectionals, and recliners, bedroom furniture and dining room products. Bob's Discount Furniture was founded in 1990 and is based in Manchester, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 Dealer.com

Burlington, Vermont, United States

Dealer.com helps auto dealers and manufacturers market to potential customers by building websites and integrated solutions that together drive the industry's most comprehensive and effective online marketing platforms. These platforms significantly lower the cost of customer acquisition, enhancing dealers' efficiency and profitability. Today, Dealer.com is the auto retailing industry's technology and market share leader, working with 80% of the top 125 dealer groups recognised by Automotive News.

Sell $1.0B
SELLER

Escalate Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 830M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Escalate Capital Partners is a private investment firm focused on providing capital to expansion and late-stage companies. The Firm focuses its investment activity within the technology, life sciences, and service-based industries. Prospective financing solutions include senior, subordinated and mezzanine debt. Escalate's target investment size is $5 to $30 million. Escalate Capital Partners has offices in Menlo Park, California and Austin, Texas.


DEAL STATS #
Overall 14 of 39
Sector: Information Technology M&A 2 of 6
Type: Add-on Acquisition M&A Deals 8 of 25
State: New Jersey M&A 1 of 1
Country: United States M&A 14 of 39
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-12 Accolade

Plymouth Meeting, Pennsylvania, United States

Accolade is a provider of employee benefit services that simplifies healthcare complexity for the employees of large employers. Each employee and their family get their own professional Accolade Health Assistant who knows them, knows their benefits, and helps them navigate the healthcare system. Accolade was founded in 2007 and is based in Plymouth Meeting, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-15 LiveIntent

New York, New York, United States

LiveIntent is a provider of email advertising and trading desk solutions. LiveIntent offers a buying platform for emails and displays. LiveIntent was founded in 2009 and is based in New York City.

Buy -
DESCRIPTION

Azini Capital Partners LLP is a private investment group focused acquiring secondary interests in growth-oriented companies. The Firm looks to acquire minority positions (> 15%) in companies with at least $10 million in revenue. The Firm prefers acquiring interests in tech-oriented or tech-enabled companies. Azini Capital was established in 2004 and is based in London.


DEAL STATS #
Overall 11 of 21
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 9 of 18
State: New Jersey M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-16 OB10

London, United Kingdom

OB10 Ltd. is a global B2B e-Invoicing network. OB10 simplifies and streamlines the complex invoice-to-pay processes.

Sell £100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 1Spatial

Cambridge, United Kingdom

1Spatial is a spatial data and the creators of the geospatial databases, helping them collect, store, manage and interpret location-specific information. 1Spatial was founded in 2005 and is based in Cambridge, the United Kingdom.

Buy -