M&A Deal Summary

H.I.G. Private Equity Acquires Xtera

On February 15, 2017, private equity firm H.I.G. Private Equity acquired communications company Xtera

Acquisition Highlights
  • This is H.I.G. Private Equity’s 3rd transaction in the Communications sector.
  • This is H.I.G. Private Equity’s 137th transaction in the United States.
  • This is H.I.G. Private Equity’s 16th transaction in Texas.

M&A Deal Summary
Date 2017-02-15
Target Xtera
Sector Communications
Buyer(s) H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Xtera

Mckinney, Texas, United States
Xtera is a provider of sub-sea telecoms solutions and carries an extensive portfolio of intellectual property. The company supplies both un-repeatered and repeatered systems, using its high performance optical amplifiers to deliver traffic directly inland to cities. Xtera was founded in 1998 and is based in Mckinney, Texas.

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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 200 of 370
Sector (Communications) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 69 of 113
State (Texas) 16 of 30
Country (United States) 137 of 246
Year (2017) 4 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-15 AdTheorent

New York, New York, United States

AdTheorent is a technology company that is transforming digital advertising through user identity mapping and data-driven predictive solutions. The company's machine learning technology platform, Cross-Environment Map, and Barometric technologies help brands understand and connect with their audiences at scale. Its machine-learning technology platform combines millions of data attributes into precise and accurate adaptive models to identify optimal audiences. AdTheorent was formed in 2010 and is based in

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-23 Ready Pac Foods

Irwindale, California, United States

Ready Pac Foods, Inc. is a producer and marketer of high-quality fresh foods, including cut, washed, packaged and ready-to-eat produce. With facilities around the country.

Sell -
Mergr

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Company

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