Divestiture • Communications

Gemspring Capital Acquires Telna

On December 16, 2024, private equity firm Gemspring Capital acquired communications company Telna from KnowRoaming

Acquisition Context
  • This is Gemspring Capital’s 1st transaction in the Communications sector.
  • This is Gemspring Capital’s 1st transaction in Canada.
  • This is Gemspring Capital’s 1st transaction in Ontario.

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M&A Deal Summary

Date December 16, 2024
Target Telna
Sector Communications
Buyer(s) Gemspring Capital
Sellers(s) KnowRoaming
Deal Type Divestiture

Target Company

Telna

Toronto, Ontario, Canada
Telna is a provider of eSIM connectivity solutions for roaming and IoT, enabling mobile devices to switch carrier networks without the need for physical SIM cards. Telna is based in Toronto, Ontario.
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Buyer Overview 1

Buyer

Gemspring Capital


Category Private Equity Firm
Founded 2015
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gemspring Capital is a private equity firm focused on making control equity investments and structured equity investments in lower middle-market companies headquartered in the United States and Canada. For platform investments, Gemspring targets companies with $5 to $500 million with strong competitive positions within sustainable market niches. Sectors of interest include business services, distribution/logistics, industrial services, media, technology, software, and niche manufacturing. Gemspring Capital is based in Westport, Connecticut.


Deal Context for Buyer #
Overall 33 of 39
Sector: Communications 1 of 1
Type: Divestiture 1 of 2
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-05 Sparkstone Electrical Group

Addison, Illinois, United States

Sparkstone Electrical Group is a manufacturer of custom‐engineered electrical power distribution equipment, including switchgear, switchboards and panelboards. Sparkstone Electrical Group was founded in 1936 and is based in Addison, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-27 OPEXUS

Washington, District of Columbia, United States

OPEXUS is a provider of case management software and IT services, primarily for government customers. OPEXUS was founded in 1988 and is based in Washington DC.

Sell -

Seller Profile 1

SELLER

KnowRoaming

Toronto, Ontario, Canada

Category Company
Founded 2011
Sector Communications
DESCRIPTION

KnowRoaming Ltd. is a telecommunications company focused on helping businesses and consumers save big and manage their roaming. KnowRoaming roaming solutions offer low rates and in-app control of spending.


Deal Context for Seller #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Divestiture 1 of 1
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 Telna

Toronto, Ontario, Canada

Telna is a provider of eSIM connectivity solutions for roaming and IoT, enabling mobile devices to switch carrier networks without the need for physical SIM cards. Telna is based in Toronto, Ontario.

Buy -