M&A Deal Summary

Glassbridge Acquires Memorex International

On January 19, 2006, Glassbridge acquired technology hardware company Memorex International from EQT for 330M USD

Acquisition Highlights
  • This is Glassbridge’s 1st transaction in the Technology Hardware sector.
  • This is Glassbridge’s largest (disclosed) transaction.
  • This is Glassbridge’s 1st transaction in the United States.
  • This is Glassbridge’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2006-01-19
Target Memorex International
Sector Technology Hardware
Buyer(s) Glassbridge
Sellers(s) EQT
Deal Type Add-on Acquisition
Deal Value 330M USD

Target

Memorex International

Oakdale, Minnesota, United States
Memorex International engaged in the sale and distribution of Memorex branded optical storage and household electronic products.

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Buyer(S) 1

Buyer

Glassbridge

New York, New York, United States

Category Company
Founded 1996
Sector Technology Hardware
Employees17
Revenue 44M USD (2016)
DESCRIPTION

Glassbridge is a provider of data storage and data security. Products include DVDs, CDs, and Blu-ray disc recordable media, as well as USB flash drives, flash cards, and external hard disks; and audio and accessories, such as headphones, speakers, and accessories. GlassBridge was founded in 1996 and is based in New York, New York.


DEAL STATS #
Overall 1 of 8
Sector (Technology Hardware) 1 of 4
Type (Add-on Acquisition) 1 of 7
State (Minnesota) 1 of 2
Country (United States) 1 of 7
Year (2006) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-16 Nekoosa

Nekoosa, Wisconsin, United States

Nekoosa is a provider of specialty-engineered papers and films for the graphics and commercial print markets. The company's expertise spans coating, converting, and custom plastic extrusion capabilities, with a product offering that, includes application tapes, specialty synthetic papers, carbonless papers, and capping films. The Nekoosa family of brands includes Nekoosa Coated Products, RTape Corp., CET Films, and ClingZ. Nekoosa was formed in 2005 and is based in Nekoosa, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-30 Xtreme Accessories

Oakdale, Minnesota, United States

XtremeMac is a product design and marketing firm focused on consumer electronics products and accessories for the iPod, iPhone and Apple TV markets.

Buy $9M

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 19 of 187
Sector (Technology Hardware) 1 of 3
Type (Add-on Acquisition) 9 of 73
State (Minnesota) 1 of 2
Country (United States) 2 of 27
Year (2006) 1 of 7
Size (of disclosed) 32 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-13 Bewator Holding AB

Solna, Sweden

Bewator, a leading European supplier of products and systems for access control, in 2002. Bewator was an established player on the European security market with a broad product portfolio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Rolls-Royce Power Systems AG

Friedrichshafen, Germany

Rolls-Royce Power Systems AG is a supplier of off-highway diesel engines and complete drive systems for ships, heavy land and rail vehicles, industrial applications and decentralized power generation plants.

Buy -