M&A Deal Summary

Infinera Acquires Coriant

On October 1, 2018, Infinera acquired technology hardware company Coriant from Oaktree Capital Management

Acquisition Highlights
  • This is Infinera’s 1st transaction in the Technology Hardware sector.
  • This is Infinera’s 1st transaction in the United States.
  • This is Infinera’s 1st transaction in Illinois.

M&A Deal Summary

Date 2018-10-01
Target Coriant
Sector Technology Hardware
Buyer(s) Infinera
Sellers(s) Oaktree Capital Management
Deal Type Add-on Acquisition

Target

Coriant

Naperville, Illinois, United States
Entrance to Coriant's corporate headquarters in Naperville, Illinois.
Entrance to Coriant's corporate headquarters in Naperville, Illinois.
Coriant is a developer of an innovative and dynamic networking solutions for a fast-changing and cloud-enabled business world. The Coriant portfolio of SDN-enabled, edge-to-core transport solutions enables network operators to reduce operational complexity, improve utilization of multi-layer network resources, and create new revenue-generating services optimized for the evolving demands of business and consumer applications, including video, mobile, and cloud. Coriant was founded in 2013 and is based in Naperville, Illinois.

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Buyer(S) 1

Buyer

Infinera

San Jose, California, United States

Category Company
Founded 2000
Sector Technology Hardware
Employees3,300
Revenue 1.6B USD (2023)
DESCRIPTION

Infinera is a global supplier of open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera was formed in 2000 and is based in San Jose, California.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 60 of 90
Sector: Technology Hardware M&A 2 of 2
Type: Add-on Acquisition M&A Deals 28 of 39
State: Illinois M&A 2 of 3
Country: United States M&A 45 of 59
Year: 2018 M&A 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Shermco Industries

Irving, Texas, United States

Shermco Industries is a provider of electrical testing, maintenance, commissioning, and repair services to a wide range of utility, industrial, energy, and other end markets across North America. The Company is an active participant in the InterNational Electrical Testing Association, Electrical Apparatus Service Association, and American Wind Energy Association. Shermco Industries was founded in 1974 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-24 Montrose

North Little Rock, California, United States

Montrose is an environmental services provider offering measurement and analytical services as well as environmental resiliency and sustainability solutions to clients across a wide array of sectors. Montrose’s qualified engineers, scientists, technicians, associates, and policy experts are proud of their collective expertise and the collaborative nature of our approach to helping clients. Montrose strives to optimize environmental resiliency in a way that effectively complements its clients’ decision-making and operations and efficiently fulfills its project requirements. Montrose was formed in 2012 and is based in North Little Rock, Arkansas.

Buy -