M&A Deal Summary

H.I.G. Private Equity Acquires ATX Networks

On June 15, 2015, private equity firm H.I.G. Private Equity acquired technology hardware company ATX Networks from Pamlico Capital

Acquisition Highlights
  • This is H.I.G. Private Equity’s 2nd transaction in the Technology Hardware sector.
  • This is H.I.G. Private Equity’s 6th transaction in Canada.
  • This is H.I.G. Private Equity’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2015-06-15
Target ATX Networks
Sector Technology Hardware
Buyer(s) H.I.G. Private Equity
Sellers(s) Pamlico Capital
Deal Type Secondary Buyout

Target

ATX Networks

Whitby, Ontario, Canada
ATX Networks is a designer and manufacturer of equipment for cable operators. ATX designs and manufactures a diversified suite of products used to fulfill the everyday requirements of the cable companies for their network operations, maintenance, and expansion needs. ATX Networks was founded in 1984 and is based in Whitby, Ontario.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 167 of 367
Sector (Technology Hardware) 2 of 4
Type (Secondary Buyout) 18 of 68
State (Ontario) 3 of 6
Country (Canada) 6 of 14
Year (2015) 7 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-12 7 Personal

Stuttgart, Germany

7(S) Personal GmbH is a German temporary staffing agency. The core areas include the sectors Healthcare, Catering, Aviation, IT, Engineering, Industry & Technology and Office Management.

Sell €137M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 Intelius

San Diego, California, United States

Intelius is an information commerce company offering people data, including information about individuals, their histories and their connections to others. Intelius offers cloud-based solutions through desktop and mobile applications. Reports and services range from basic people search results to detailed background reports to a comprehensive identity theft protection service. Intelius has a robust and proprietary technology platform that gathers billions of public records from a large network of publicly and commercially-available sources and assigns such records to more than 250 million unique profiles. Intelius was founded in 2003 and is based in San Diego, California.

Buy -

Seller(S) 1

SELLER

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 34 of 61
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 12 of 21
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-15 Dexter & Chaney

Seattle, Washington, United States

Dexter & Chaney, Inc. is a provider of ERP software to the construction industry. Dexter & Chaney product, Spectrum® Construction Software, is an integral component of daily operations for more than 1,000 contractors, and is the industry’s first construction management platform to utilize true cloud-based technology with an intuitive web browser interface. Dexter & Chaney, Inc. was established in 1981 and is headquartered in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 Service Express

Grand Rapids, Michigan, United States

Service Express is a provider of Third Party Maintenance (“TPM”) services for mission-critical data center infrastructure focused on server and storage equipment. Service Express was founded in 1986 and is based in Grand Rapids, Michigan.

Buy -
Mergr

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