M&A Deal Summary

Granahan McCourt Capital and The Edgewater Funds Acquire Raven Group

On December 31, 2008, private equity firms Granahan McCourt Capital and The Edgewater Funds acquired communications company Raven Group

Acquisition Highlights
  • This is Granahan McCourt Capital’s 1st and The Edgewater Funds’ 2nd transaction in the Communications sector.
  • This is Granahan McCourt Capital’s 1st and The Edgewater Funds’ 23rd transaction in the United States.
  • This is Granahan McCourt Capital’s 1st and The Edgewater Funds’ 5th transaction in Illinois.

M&A Deal Summary

Date 2008-12-31
Target Raven Group
Sector Communications
Buyer(s) Granahan McCourt Capital
The Edgewater Funds
Deal Type Buyout (LBO, MBO, MBI)

Target

Raven Group

Chicago, Illinois, United States
Raven Group is a provider of consumer satellite broadband and a major manufacturer of DTH equipment.

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Buyer(S) 2

Buyer

Granahan McCourt Capital

Huntingdon, Pennsylvania, 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 1 of 4
Sector: Communications M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-01 Mercom

New York, New York, United States

Mercom, Inc. operated as a cable television operator. The company, through its three cable systems, provided basic, premium, and pay-per-view cable programming services to the subscribers in southern Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 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 -
Buyer

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 24 of 53
Sector: Communications M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 20 of 29
State: Illinois M&A 5 of 8
Country: United States M&A 23 of 51
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-25 FishNet Consulting

Kansas City, Missouri, United States

FishNet Security, Inc. is an information network security solutions company. FishNet's services include consulting, audit, monitoring, account management, integration, support and training.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-09 American Piping Products

Chesterfield, Missouri, United States

American Piping Products is a specialized distributor of seamless and welded pipe and tubular related products. American Piping Products serves international customers in a variety of end markets including energy, refining, petrochemical, power generation, and diversified industrial. American Piping Products was founded in 1994 and is based in Chesterfield, Missouri.

Buy -