Investment Summary

Investcorp Invests In InnerWireless

On March 21, 2007, asset manager Investcorp invested in communications company InnerWireless

Investment Highlights
  • This is Investcorp’s 3rd transaction in the Communications sector.
  • This is Investcorp’s 44th transaction in the United States.
  • This is Investcorp’s 6th transaction in Texas.
Investment Fate
  • InnerWireless was sold to a publicly-traded strategic buyer in 2012.

Investment Summary

Date 2007-03-21
Target InnerWireless
Sector Communications
Investor(s) Investcorp
Deal Type Acquisition Financing

Target

InnerWireless

Richardson, Texas, United States
InnerWireless, Inc. enables seamless wireless coverage inside large commercial, healthcare and government buildings through a unified broadband distribution platform and provides a real-time location system (RTLS) that provides wireless, high-assurance location tracking over RFID for hospital and corporate assets. InnerWireless' scalable RF platform is engineered to support a full range of wireless services and is future ready so enterprises can add new wireless technologies without disruption.

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Investor(S) 1

Investor

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 71 of 189
Sector: Communications M&A 3 of 3
Type: Acquisition Financing M&A Deals 1 of 1
State: Texas M&A 6 of 9
Country: United States M&A 44 of 82
Year: 2007 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Softek Storage Solutions

Vienna, Virginia, United States

Softek Storage Solutions Corp. is a developer of software that reduces the risks, costs, and complexities of managing data storage in multi-vendor mainframe and open system environments.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Icopal

Herlev, Denmark

Icopal is an international manufacturer of flat roofing materials. The Company also provides products and solutions for the residential roofing, building membranes, below grade waterproofing and civil engineering markets. Icopal was formed in 1876 and is based in Herlev, Denmark.

Buy kr.6.4B