M&A Deal Summary

Freenet Acquires freenet digital

On December 16, 2013, Freenet acquired communications company freenet digital from Vandewater Capital Holdings and Summit Partners

Acquisition Highlights
  • This is Freenet’s 2nd transaction in the Communications sector.
  • This is Freenet’s 1st transaction in Germany.

M&A Deal Summary

Date 2013-12-16
Target freenet digital
Sector Communications
Buyer(s) Freenet
Sellers(s) Vandewater Capital Holdings
Summit Partners
Deal Type Add-on Acquisition

Target

freenet digital

Berlin, Germany
freenet digital GmbH is a provider of entertainment, content and services, including wireless carriers and handset manufacturers for the digital consumer.

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Buyer(S) 1

Buyer

Freenet

Budelsdorf, Germany

Category Company
Founded 2005
Sector Communications
Employees3,645
Revenue 2.5B EUR (2024)
DESCRIPTION

Freenet is a German telecommunications and web content provider. Freenet was founded in 2005 and is based in Budelsdorf, Germany.


DEAL STATS #
Overall 2 of 2
Sector: Communications M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-06 Debitel France SA

Chaville, France

Debitel France SA is a mobile service provider in Europe, offering a wide range of ecommunication products mobile and fixed-line telephony as well internet services.

Buy €1.6B

Seller(S) 2

DESCRIPTION

Vandewater Capital is a private investment group focused on start-ups and established companies. Sectors of interest include technology, financial services, sustainable energy, mobile services and real estate. Vandewater Capital was formed in 2008 and is based in New York City.


DEAL STATS #
Overall 1 of 2
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Germany M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 freenet digital

Berlin, Germany

freenet digital GmbH is a provider of entertainment, content and services, including wireless carriers and handset manufacturers for the digital consumer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-20 Alley

New York, New York, United States

Alley is an operator of an entrepreneurial hub for early stage businesses and startups by providing private offices and co-working for companies of all sizes. Alley is based in New York City.

Buy -
SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 172 of 297
Sector: Communications M&A 13 of 16
Type: Add-on Acquisition M&A Deals 80 of 134
Country: Germany M&A 2 of 8
Year: 2013 M&A 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-10 Jamf

Minneapolis, Minnesota, United States

Jamf provides enterprise device management and security software designed for Apple ecosystems. The Company’s cloud-based platform enables organizations to deploy, manage, and protect Apple devices across education, business, and government environments. Jamf was founded in 2002 and is headquartered in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-17 Globe Wireless

Palm Bay, Florida, United States

Globe Wireless provides wireless communications for the maritime industry. It combines service and technology to simplify worldwide communications to and from ships at sea.

Sell $45M