M&A Deal Summary

Global Invacom Group Acquires Skyware Global

On June 2, 2015, Global Invacom Group acquired technology hardware company Skyware Global from The Edgewater Funds and Granahan McCourt Capital

Acquisition Highlights
  • This is Global Invacom Group’s 1st transaction in the Technology Hardware sector.
  • This is Global Invacom Group’s 1st transaction in the United States.
  • This is Global Invacom Group’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2015-06-02
Target Skyware Global
Sector Technology Hardware
Buyer(s) Global Invacom Group
Sellers(s) The Edgewater Funds
Granahan McCourt Capital
Deal Type Add-on Acquisition

Target

Skyware Global

Smithfield, North Carolina, United States
Skyware Global is a provider in the design, manufacture, and distribution of systems for the global satellite industry. Skyware Global provides direct-to-home, enterprise VSAT and satellite broadband equipment for residential, commercial and government use. Skyware Global was founded in 2008 and is based in Smithfield, North Carolina.

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Buyer(S) 1

Buyer

Global Invacom Group

Singapore, Singapore
Category Company
Founded 1985
Sector Technology Hardware
Employees266
Revenue 64M USD (2023)
DESCRIPTION

Global Invacom Group is a fully integrated satellite communications equipment designer, manufacturer, and provider. Global Invacom Group was founded in 1985 and is based in Singapore.

DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-09 Skyware Radio Systems

Krefeld, Germany

Skyware Radio Systems manufactures electronic products for broadband satellite communications networks. Skyware Radio Systems is based in Krefeld, Germany.

Buy -

Seller(S) 2

SELLER

The Edgewater Funds

Chicago, Illinois, United States
Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.

DEAL STATS #
Overall 26 of 42
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 13 of 19
State (North Carolina) 1 of 1
Country (United States) 25 of 41
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Dental Services Group

St. Petersburg, Florida, United States

Dental Services Group is an operator of a full-service laboratory network with over 40 dental laboratories that offers dental prosthetic solutions, including fixed, removable, implant, orthodontic and sleep dentistry products. Dental Services Group was founded in 1989 and is based in St. Petersburg, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 ExteNet Systems

Frisco, Texas, United States

ExteNet Systems is a designer and operater of distributed networks for use by wireless carriers and property owners in key markets. Using distributed antenna systems (DAS), remote radio heads (RRH), small cells, Wi-Fi, software-defined network (SDN) based Evolved Packet Core (EPC) and other technologies, ExteNet deploys solutions to enhance wireless service and network performance across both outdoor and indoor environments. ExteNet Systems was founded in 2002 and is based in Frisco, Texas.

Buy -
SELLER

Granahan McCourt Capital

Huntingdon, New York, United States

Investor

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Granahan McCourt Capital is a specialist investment firm focused on investments in the telecommunications and media industries. Granahan McCourt looks for small and medium-sized companies with strong market positions and 'where there is a forseeable event which allows for value creation'. The Firm's investment horizon is two to four years. Granahan McCourt Capital is based in Princeton, New Jersey.

DEAL STATS #
Overall 2 of 4
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 2 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-26 Astound

Princeton, New Jersey, United States

Astound is a provider of broadband services delivering all-digital and high definition video, high-speed internet, and premium voice services to residential and small-medium business customers. Astound was founded in 1993 and is based in Princeton, New Jersey.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Astound

Princeton, New Jersey, United States

Astound is a provider of broadband services delivering all-digital and high definition video, high-speed internet, and premium voice services to residential and small-medium business customers. Astound was founded in 1993 and is based in Princeton, New Jersey.

Sell $1.6B
Mergr

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