M&A Deal Summary

Koch Equity Development Acquires iconectiv

On August 16, 2024, corporate investor Koch Equity Development acquired information technology company iconectiv from Francisco Partners and Ericsson for 1.0B USD

Acquisition Highlights
  • This is Koch Equity Development’s 1st transaction in the Information Technology sector.
  • This is Koch Equity Development’s 2nd largest (disclosed) transaction.
  • This is Koch Equity Development’s 2nd transaction in the United States.
  • This is Koch Equity Development’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2024-08-16
Target iconectiv
Sector Information Technology
Buyer(s) Koch Equity Development
Sellers(s) Francisco Partners
Ericsson
Deal Type Divestiture
Deal Value 1.0B USD
Advisor(s) Jefferies
Goldman Sachs (Financial)
Latham & Watkins (Legal)

Target

iconectiv

Bridgewater, New Jersey, United States
iconectiv is a provider of IT solutions that enable operators to interconnect networks. iconectiv’s market-leading solutions enable the interconnection of networks, devices, and applications for more than two billion people every day. Working closely with private, government and non-governmental organizations, iconectiv has intimate knowledge of the intricacies and complexities of creating, operating and securing the telecommunications infrastructure for service providers, governments and enterprises. iconectiv is based in Bridgewater, New Jersey.

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Buyer(S) 1

DESCRIPTION

Koch Equity Development is the principal investment arm of conglomerate Koch. The Firm looks to deploy long-term, flexible capital across sectors that enhance Koch’s core capabilities and expand into new platforms. The Firm orchestrates strategic control or co-control investments in industries that include communications, software, energy, industrials, and real estate. Koch Equity Development is based in Wichita, Kansas.


DEAL STATS #
Overall 3 of 4
Sector: Information Technology M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2024 M&A 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 CPM

Blaine, Minnesota, United States

CPM designs, engineers, and manufactures a broad variety of branded pellet mills, oilseed processing equipment, twin screw extruders, and industrial-scale thermal processing equipment. The Company serves a global base of over 5,000 customers annually from facilities in Europe, Asia, Latin America, and North America. It produces premier process equipment and engineered systems that provide customers with a superior level of operating efficiency, durability, and reliability, maximizing process performance and machine uptime. CPM was founded in 1883 and is based in Blaine, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-22 GCH Technologies

Lewes, Delaware, United States

GCH Technologies is a wireless technology company focused on improving wireless infrastructure and services across the ecosystem. The company develops cutting-edge platforms and solutions for the evolving wireless industry, starting with short code registry operations and solutions that serve the messaging ecosystem. GCH Technologies is based in Lewes, Delaware.

Buy -

Seller(S) 2

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 83 of 88
Sector: Information Technology M&A 15 of 17
Type: Divestiture M&A Deals 2 of 2
State: New Jersey M&A 4 of 4
Country: United States M&A 69 of 73
Year: 2024 M&A 2 of 3
Size (of disclosed) 9 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-12 QGenda

Atlanta, Georgia, United States

QGenda is a provider of automated healthcare workforce management software. Since its launch in 2006, QGenda has grown to serve more than 1,200 customers in over 30 medical specialties across 5,000 hospitals. The subscription-based automated scheduling software is used by practice groups, hospitals, academic medical centers, and enterprise health systems to build optimal schedules for clinicians and medical staff to provide the best possible care. QGenda was founded in 2006 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-23 Sandvine

Waterloo, Ontario, Canada

Sandvine is a subscriber experience company, it operators and vendors monitor, manage and monetize their network traffic. Sandvine was founded in 2002 and is based in Waterloo, Ontario.

Sell -
SELLER

Ericsson

Stockholm, Sweden

Category Company
Founded 1876
Sector Technology Hardware
Employees92,866
Revenue 247.9B SEK (2024)
DESCRIPTION
Ericsson office in Santa Clara, California.
Ericsson office in Santa Clara, California.

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates through four segments: networks, global services, support solutions, and modems. Ericsson was formed in 1876 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 10 of 10
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 10 of 10
State: New Jersey M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 Ericsson - IoT Accelerator and Connected Vehicle Cloud businesses

Stockholm, Sweden

Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses provide IoT connectivity, software and solutions. Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses is based in Stockholm, Sweden.

Sell -