M&A Deal Summary |
|
|---|---|
| Date | 2013-04-23 |
| Target | RAE Systems |
| Sector | Test/Measurement Equipment |
| Buyer(s) | Honeywell |
| Sellers(s) |
Vector Capital
Trustar Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 340M USD |
| Advisor(s) | Citi (Financial) Shearman & Sterling (Legal) |
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| Category | Company |
|---|---|
| Founded | 1885 |
| Sector | Diversified |
| Employees | 102,000 |
| Revenue | 38.5B USD (2024) |
Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 56 of 88 |
| Sector: Test/Measurement Equipment M&A | 2 of 3 |
| Type: Add-on Acquisition M&A Deals | 43 of 65 |
| State: California M&A | 6 of 6 |
| Country: United States M&A | 38 of 59 |
| Year: 2013 M&A | 1 of 2 |
| Size (of disclosed) | 26 of 36 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-10-24 |
SAIA-Burgess Controls
Murten, Switzerland SAIA-Burgess Electronics is a supplier of stepper motors, switches, actuators and electronic controllers. Saia-Burgess Controls has more than 300 employees and serves customers throughout Europe through a network of more than 500 system integrators. |
Buy | $130M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-07-17 |
Intermec
Everett, Washington, United States Intermec, Inc. provides mobile computing, radio frequency identification solutions (RFID), voice-enabled workflow and data-collection solutions, and printing solutions. |
Buy | $600M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Focused |
Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 34 |
| Sector: Test/Measurement Equipment M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 10 of 18 |
| State: California M&A | 6 of 11 |
| Country: United States M&A | 12 of 29 |
| Year: 2013 M&A | 4 of 7 |
| Size (of disclosed) | 8 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-03-25 |
Tekelec Global
Morrisville, North Carolina, United States Tekelec Global, Inc. is a provider of signaling and session control systems and software to both wireless and wireline carriers as well as cable network operators. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-07-02 |
Precise Software Solutions
Redwood Shores, California, United States Precise Software Solutions, Inc. is a provider of transaction performance management (TPM) software and solutions. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 8.7B USD |
| Size | Mega |
| Type | Sector Agnostic |
Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 28 |
| Sector: Test/Measurement Equipment M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 2 of 12 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 3 of 8 |
| Year: 2013 M&A | 1 of 1 |
| Size (of disclosed) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-19 |
Focus Media
Shanghai, China Focus Media is a multi-platform digital media company, operating LCD display network in China. The Company operates in four business segments: LCD, Poster Frame, In-Store and Movie Theaters. Focus Media was founded in 2003 and is based in Shanghai, China. |
Buy | $3.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-13 |
AsiaInfo Technologies
Beijing, China AsiaInfo Technologies is a provider of software and IT services to the telecommunications industry. Incorporating advanced technologies like Cloud and Big Data, company software enables telecom operators to gain a competitive edge. AsiaInfo Technologies was founded in 1993 and is based in Beijing, China. |
Buy | $890M |
