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M&A Deal Summary

GTCR Acquires Inteliquent

On November 2, 2016, private equity firm GTCR acquired communications company Inteliquent for 800M USD

Acquisition Highlights
  • This is GTCR’s 7th transaction in the Communications sector.
  • This is GTCR’s 7th largest (disclosed) transaction.
  • This is GTCR’s 91st transaction in the United States.
  • This is GTCR’s 13th transaction in Illinois.
Investment Fate
  • Inteliquent was sold to a publicly-traded strategic buyer in 2021 for 1.1B USD.

M&A Deal Summary
Date 2016-11-02
Target Inteliquent
Sector Communications
Buyer(s) GTCR
Deal Type Going Private
Deal Value 800M USD
Advisor(s) Perella Weinberg Partners (Financial)
Kirkland & Ellis (Legal)

Target

Inteliquent

Chicago, Illinois, United States
Inteliquent is a communication enablement platform offering nationwide wholesale communication services. The company provides easy-to-use voice, messaging and mobility solutions to the wireless, over-the-top app, VoIP and wireline communications companies that choose to focus on customer-facing applications and service rather than infrastructure management. Inteliquent combines an intuitive software-based application program interface with its nationwide network of physical switches and dedicated transport to offer its leading wholesale telecommunication services.

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Buyer(S) 1

Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 95 of 157
Sector: Communications M&A 7 of 13
Type: Going Private M&A Deals 4 of 9
State: Illinois M&A 13 of 20
Country: United States M&A 91 of 148
Year: 2016 M&A 7 of 9
Size (of disclosed) 7 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 CAMP Systems International

Ronkonkoma, New York, United States

CAMP Systems International, Inc. is a provider of software-as-a-service (“SaaS”) solutions for managing and tracking the maintenance of jets, turbo prop aircraft and helicopters used in business aviation, as well as enterprise information systems used to manage service centers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 RevSpring

Nashville, Tennessee, United States

RevSpring is a provider of multi-channel billing and communications solutions to the healthcare and financial services industries. The company helps customers accelerate revenue through an end-to-end platform of offerings that includes physical and electronic invoices, consumer payment portals, data cleansing solutions, and analytics tools that validate consumer identities and optimize engagement. It serves a diversified client base of approximately 2,000 health systems & hospitals, revenue cycle management providers, and financial services organizations. RevSpring was formed in 1997 and is based in Wixom, Michigan.

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