M&A Deal Summary

Larscom Acquires NetEdge Systems

On January 2, 1998, Larscom acquired communications company NetEdge Systems from TA Associates and Advent International for 35M USD

Acquisition Highlights
  • This is Larscom’s 1st transaction in the Communications sector.
  • This is Larscom’s largest (disclosed) transaction.
  • This is Larscom’s 1st transaction in the United States.
  • This is Larscom’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 1998-01-02
Target NetEdge Systems
Sector Communications
Buyer(s) Larscom
Sellers(s) TA Associates
Advent International
Deal Type Add-on Acquisition
Deal Value 35M USD

Target

NetEdge Systems

West Chester, Pennsylvania, United States
NetEdge Systems produces ATM network access routers.

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Buyer(S) 1

Buyer

Larscom

Newark, California, United States

Category Company
Sector Communications
DESCRIPTION

Larscom, Inc. provides telecommunication service provider.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (1998) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 39 of 255
Sector (Communications) 4 of 15
Type (Add-on Acquisition) 18 of 130
State (Pennsylvania) 5 of 14
Country (United States) 37 of 207
Year (1998) 3 of 13
Size (of disclosed) 65 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Bachtel Cellular Liquidity

Philadelphia, Pennsylvania, United States

Bachtel Cellular Liquidity was a limited partnership that was formed to acquire and operate cellular telephone properties in Southeastern and Midwestern rural service areas (RSAs).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-09 PhotoDisc

Seattle, Washington, United States

PhotoDisc, Inc. is a supplier of high quality, royalty-free digital stock images to the professional graphics arts market.

Sell -
SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 8 of 220
Sector (Communications) 2 of 16
Type (Add-on Acquisition) 4 of 81
State (Pennsylvania) 1 of 3
Country (United States) 4 of 79
Year (1998) 1 of 2
Size (of disclosed) 50 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Thermocoax

Suresnes, France

Thermocoax is a manufacturer of customised thermal solutions and temperature measurement systems based on mineral insulated cable technology. Thermocoax was founded in 1957 and is based in Suresnes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-01 Slag Recycling Sp. z o.o.

Kraków, Poland

Slag Recycling Sp. z o.o. is a producers of metallurgical aggregates and iron skull scrap in Poland.

Buy -