M&A Deal Summary

Foxconn Technology Group Acquires SMART Technologies

On May 26, 2016, Foxconn Technology Group acquired technology hardware company SMART Technologies from Apax

Acquisition Highlights
  • This is Foxconn Technology Group’s 1st transaction in the Technology Hardware sector.
  • This is Foxconn Technology Group’s 1st transaction in Canada.
  • This is Foxconn Technology Group’s 1st transaction in Alberta.

M&A Deal Summary
Date 2016-05-26
Target SMART Technologies
Sector Technology Hardware
Buyer(s) Foxconn Technology Group
Sellers(s) Apax
Deal Type Add-on Acquisition
Advisor(s) Evercore Group
RBC Capital Markets (Financial)
Bennett Jones
Sidley (Legal)

Target

SMART Technologies

Calgary, Alberta, Canada
SMART Technologies, Inc. is a provider of interactive display ICT products with products including interactive whiteboards, voting devices, pen displays and associated software such as classroom management and web conferencing software. SMART's products are sold to schools worldwide for use in classrooms, and increasingly to government departments and businesses for use in meeting rooms.

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Buyer(S) 1

Buyer

Foxconn Technology Group

New Taipei City, Taiwan
Category Company
Founded 1974
Sector Manufacturing
Revenue 6.16T TWD (2023)
DESCRIPTION

Foxconn Technology Group is a global contract technology manufacturer. The Company joint-designs, joint-developes, manufactures, assembles and provides after-sales services to global Computer, Communication and Consumer-electronics leaders. Foxconn Technology Group was established in 1974 and is based in New Taipei City, Taiwan.

DEAL STATS #
Overall 4 of 4
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 Sharp

Sakai, Japan

Sharp is a electronics manufacturer. The company primarily operates and markets its products in Japan, North America, Europe, and China. Sharp was founded in 1912 and is based in Sakai, Japan.

Buy -

Seller(S) 1

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 112 of 172
Sector (Technology Hardware) 2 of 3
Type (Add-on Acquisition) 44 of 60
State (Alberta) 1 of 1
Country (Canada) 1 of 3
Year (2016) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-18 Sandaya

Mauguio, France

Sandaya is an outdoor accommodation group with 11 four- and five-star campgrounds of more than 300 pitches each in France and Spain. Sandaya was founded in 2010 and is based in Mauguio, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-30 Sisal

Milan, Italy

Sisal is an operator in the Italian gaming market as a government licensee. Through its capillary network of 47,000 points of sale, the company in excess of 500 payment services to the Italian public which are still primarily reliant on traditional cash payments. Sisal is based in Milan, Italy.

Sell €1.0B
Mergr

Product

Company

Legal