M&A Deal Summary

Humatics Acquires Time Domain

On February 27, 2018, Humatics acquired technology hardware company Time Domain from Pharos Capital Group and Cipio Partners

Acquisition Highlights
  • This is Humatics’ 2nd transaction in the Technology Hardware sector.
  • This is Humatics’ 2nd transaction in the United States.
  • This is Humatics’ 1st transaction in Alabama.

M&A Deal Summary
Date 2018-02-27
Target Time Domain
Sector Technology Hardware
Buyer(s) Humatics
Sellers(s) Pharos Capital Group
Cipio Partners
Deal Type Add-on Acquisition

Target

Time Domain

Huntsville, Alabama, United States
Time Domain Corporation produces ultra wideband location, sensing, telemetry, and sense through the wall products for commercial, industrial, and military markets. It offers Precision Location Ultra Wideband System (PLUS), a real- time location system that enables enterprises to have location information on their people and assets, as well as brings people and assets together by locating and documenting interactions of staff and patients in healthcare environments, as well as by securing assets, clients, and facilities.

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Buyer(S) 1

Buyer

Humatics

Cambridge, Massachusetts, United States
Category Company
Founded 2015
Sector Technology Hardware
DESCRIPTION

Humatics Corp. is pioneering microlocation technology, offering millimeter- and centimeter-scale positioning that is faster, more precise, and affordable than any existing 3D positioning or location tracking technology on the market. Company breakthrough microlocation system and analytics software comprise the Humatics Spatial Intelligence Platform that will revolutionize how people and machines locate, navigate and collaborate in the connected world.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 5D Robotics

Carlsbad, California, United States

5D Robotics, Inc. engages in the development of technologies that provide extremely accurate position and navigation, obstacle avoidance, and guarded motion. These solutions work in almost any setting, including indoor environments without GPS and outdoor environments with rain and snow. 5D’s solution can be found in air and ground vehicles ranging in applications from industrial, mapping and inspection, and automotive to smart mobility.

Buy -

Seller(S) 2

SELLER

Pharos Capital Group

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pharos Capital Group is a private equity firm that provides later-stage equity funding to companies at or near cash-flow break even. Investment funds are typically used to support growth, acquisitions, management buyouts, or recapitalization. Pharos looks to commit $20 to $50 million per transaction. Target sectors include healthcare, business services, and technology. Pharos prefers US-based opportunities. Pharos Capital Group was formed in 1998 and is based in Dallas, Texas.

DEAL STATS #
Overall 19 of 23
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 9 of 11
State (Alabama) 2 of 2
Country (United States) 18 of 22
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Complete Health

Jacksonville, Florida, United States

Complete Health is a physician-centric, professionally managed, technology-enabled primary care group delivering exceptional quality, support service and outcomes. The Company focuses on providing comprehensive care, primarily to Medicare beneficiaries, which results in keeping people healthy and lowering the total cost to the system. Complete Health is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Verdi Oncology

Brentwood, Tennessee, United States

Verdi Oncology is an oncology practice and clinical research management company focused on aggregating high-quality oncology practices that participate or qualify to participate in the Oncology Care Model program, a value-based care payment program backed by CMS, and similar programs offered by commercial payors. Verdi Oncology was established in 2018 and is based in Brentwood, Tennessee.

Buy -
SELLER

Cipio Partners

Munich, Germany

Investor Investor Investor Investor Investor

Category Secondary Investor
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Cipio Partners is an investment management firm focused on secondary investments, as well as early and later-stage venture capital transactions. Sectors of interest include technology, media, and communications. Cipio Partners was formed in 2003 and is based in Munich, Germany.

DEAL STATS #
Overall 64 of 68
Sector (Technology Hardware) 3 of 4
Type (Add-on Acquisition) 32 of 35
State (Alabama) 1 of 1
Country (United States) 23 of 24
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 wywy

Munich, Germany

wywy specializes in synchronized broadcast detection and interactivity solutions. wywy's technology synchronizes accompanying TV applications in real-time with the actual live broadcast. This creates new possibilities for interactive TV in the growing market of second-screen applications. In the future, viewers will be able to obtain additional information with just a few taps on their smartphone or tablet, share information about broadcasts and instantly purchase products seen on TV.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 B2X

Munich, Germany

B2X is a provider of end-to-end customer care solutions for smartphones and consumer electronics. B2X’s unique positioning is based on its global service partner network and its SMARTCARE Technology platform that connects everything to a digitally integrated customer care ecosystem. B2X is the premier after-sales service provider for manufacturers, insurance providers, carriers and retailers. B2X was founded in 2007 and is based in Munich, Germany.

Buy -
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