M&A Deal Summary

InPhonic Acquires Simplexity

On February 19, 2002, InPhonic acquired retailer Simplexity from ABS Capital Partners for 20M USD

Acquisition Highlights
  • This is InPhonic’s 1st transaction in the Retail sector.
  • This is InPhonic’s largest (disclosed) transaction.
  • This is InPhonic’s 1st transaction in the United States.
  • This is InPhonic’s 1st transaction in Virginia.
Investment Fate
  • Simplexity was divested to a consortium of buyers in 2008.

M&A Deal Summary

Date 2002-02-19
Target Simplexity
Sector Retail
Buyer(s) InPhonic
Sellers(s) ABS Capital Partners
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Simplexity

Reston, Virginia, United States
Simplexity LLC is an online seller of wireless services and products.

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Buyer(S) 1

Buyer

InPhonic

Washington, District of Columbia, United States

Category Company
Founded 1997
Sector Communications
Employees551
DESCRIPTION

InPhonic, Inc. headquartered in Washington, D.C., is a leading online seller of wireless services and products. InPhonic sells these services and devices through websites that it creates and manages for online businesses, national retailers, member-based organizations and associations under their own brands. InPhonic also delivers a full range of MVNO and mobility solutions to enterprise clients through its Mobile Virtual Network Enablement (MVNE) platform. Among many awards in its history, InPhonic holds the distinction as #1 Company of the Year on the INC. 500 for 2004.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-07 Simplexity

Reston, Virginia, United States

Simplexity LLC is an online seller of wireless services and products.

Sell -

Seller(S) 1

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 $30 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.


DEAL STATS #
Overall 13 of 70
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 4 of 34
State (Virginia) 1 of 5
Country (United States) 13 of 69
Year (2002) 1 of 1
Size (of disclosed) 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-01 YOUcentric

Charlotte, North Carolina, United States

YOUcentric is a leading supplier of eBusiness Relationship Management software. YOUcentric software allows businesses to manage information and interactions among customers, sales partners, employees and suppliers in real time using the Web-from a desktop, cell phone, palm device or pager. The Company’s open, Java-based application allows them to employ the principles of mass-customization in order to provide tailored solutions in a faster, more cost-effective way than could otherwise be achieved through a traditional software approach.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-29 Payspan

Jacksonville, Florida, United States

Payspan provides payment solutions for health plans and providers seeking to increase provider adoption of electronic payments, engage patient members, and accelerate quality care. Payspan was founded in 1984 and is based in Jacksonville, Florida.

Buy -