Add-on Acquisition • Technology Hardware

HP Acquires RLX Technologies

On November 1, 2005, HP acquired technology hardware company RLX Technologies from TowerBrook Capital Partners and ABS Capital Partners

Acquisition Context
  • This is HP’s 13th transaction in the Technology Hardware sector.
  • This is HP’s 39th transaction in the United States.
  • This is HP’s 6th transaction in Texas.

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M&A Deal Summary

Date November 1, 2005
Target RLX Technologies
Sector Technology Hardware
Buyer(s) HP
Sellers(s) TowerBrook Capital Partners
ABS Capital Partners
Deal Type Add-on Acquisition

Target Company

RLX Technologies

The Woodlands, Texas, United States
RLX Technologies is a leading provider of management software to OEM's with rack dense servers. Customers around the world use Control Tower for monitoring and alerting, single console remote management, advanced en masse true provisioning and policy based automation.
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Buyer Overview 1

Buyer

HP

Palo Alto, California, United States

Category Company
Founded 1939
Sector Technology Hardware
Employees58,000
Revenue 53.6B USD (2024)
DESCRIPTION
HP's corporate headquarters in Palo Alto, California.
HP's corporate headquarters in Palo Alto, California.

HP is a technology company that focuses on providing hardware, printers, and personal computing products. HP was founded in 1939 and is based in Palo Alto, California.


Deal Context for Buyer #
Overall 46 of 98
Sector: Technology Hardware 13 of 23
Type: Add-on Acquisition 41 of 89
State: Texas 6 of 9
Country: United States 39 of 78
Year: 2005 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Scitex Vision America

Marietta, Georgia, United States

Scitex Vision specializes in wide- and super-wide format printers for signage and industrial applications, such as billboards, banners and street advertising.

Buy $230M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-28 CGNZ

Auckland, New Zealand

CGNZ Ltd is an local consulting firm.

Buy -

Seller Profiles 2

SELLER

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 22.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.


Deal Context for Seller #
Overall 4 of 47
Sector: Technology Hardware 1 of 1
Type: Add-on Acquisition 2 of 22
State: Texas 1 of 5
Country: United States 2 of 24
Year: 2005 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Cablecom GMBH

Zurich, Switzerland

Cablecom is the largest cable communications provider in Switzerland, providing a wide range of services including cable television, Internet access and telephony services to consumer and business customers. Cablecom serves approximately 2.0 million analog cable television (CATV) subscribers, through its own network and partner networks, representing approximately 74% of the Swiss CATV market.

Sell $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-04 CSTV Networks

New York City, New York, United States

CSTV: College Sports Television is comprised of two primary business units: College Sports TV, the fastest growing independent cable network, and College Sports Online, the number one online destination for college sports, information, scores and analysis.

Sell $325M
SELLER

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $25 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.


Deal Context for Seller #
Overall 23 of 72
Sector: Technology Hardware 1 of 1
Type: Add-on Acquisition 8 of 35
State: Texas 3 of 3
Country: United States 23 of 71
Year: 2005 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 American Public Education

Charles Town, West Virginia, United States

American Public Education is an education services provider that offers respected, innovative, and affordable educational programs and services. American Public Education was founded in 1991 and is based in Charlestown, West Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Commerce5

Eden Prairie, Minnesota, United States

Commerce5, Inc. provides managed e-commerce services for hard goods manufacturers and software publishers. The Company's core e-commerce solutions deliver the industry's leading connectivity into major distribution partners, enabling sophisticated, real-time fulfillment operations. Spun off from Buy.com in 1999, today, Commerce5 grows online sales for clients through its e-marketing solutions, delivering a leading-edge online shopping experience to their direct-to-business and consumer online stores. Commerce5 is headquartered in Aliso Viejo, Calif.

Sell -