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M&A Deal Summary

GE Security Acquires Covi Technologies

On February 8, 2007, GE Security acquired safety/security company Covi Technologies from TPG

Acquisition Highlights
  • This is GE Security’s 1st transaction in the Safety/Security sector.
  • This is GE Security’s 2nd transaction in the United States.
  • This is GE Security’s 1st transaction in Texas.

M&A Deal Summary
Date 2007-02-08
Target Covi Technologies
Sector Safety/Security
Buyer(s) GE Security
Sellers(s) TPG
Deal Type Add-on Acquisition

Target

Covi Technologies

Austin, Texas, United States
Covi Technologies was an Austin-based developer of high-definition video surveillance systems.

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Buyer(S) 1

Buyer

GE Security

Bradenton, Florida, United States
Category Company
Founded 1992
Sector Safety/Security
Employees4,700
Revenue 2.0B USD (1970)
DESCRIPTION

GE Security helps secure and protect commercial, residential, industrial, and government properties.

DEAL STATS #
Overall 2 of 2
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Fiber Options

Bohemia, New York, United States

Fiber Options, Inc. designs, develops, and supports a family of transmission products for fiber optics networks.

Buy -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B 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 41 of 277
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 16 of 95
State: Texas M&A 6 of 26
Country: United States M&A 30 of 199
Year: 2007 M&A 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-07 Tim Hellas Telecommunications S.A

Maroussi, Greece

Tim Hellas Telecommunications S.A provides mobile telecommunications services in Greece.

Sell €3.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Gate Gourmet Group

Zurich, Switzerland

Gate Gourmet Group is the world's largest independent provider of airline catering and provisioning services. It delivers daily on a global basis to more than 250 airline customers.

Sell -
Mergr

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