M&A Deal Summary

M/C Partners Acquires BAI Connect

On December 22, 2020, private equity firm M/C Partners acquired communications company BAI Connect

Acquisition Highlights
  • This is M/C Partners’ 29th transaction in the Communications sector.
  • This is M/C Partners’ 37th transaction in the United States.
  • This is M/C Partners’ 4th transaction in California.

M&A Deal Summary
Date 2020-12-22
Target BAI Connect
Sector Communications
Buyer(s) M/C Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

BAI Connect

Sherman Oaks, California, United States
BAI Connect is a provider of internet, voice and video services. BAI Connect was founded in 2002 and is based in Sherman Oaks, California.

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Buyer(S) 1

Buyer

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 2.4B USD
Size Large
Type Sector Focused
DESCRIPTION

M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $10 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.

DEAL STATS #
Overall 44 of 51
Sector (Communications) 29 of 32
Type (Buyout (LBO, MBO, MBI)) 20 of 20
State (California) 4 of 5
Country (United States) 37 of 44
Year (2020) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 AerioConnect

Newbury Park, California, United States

AerioConnect is a provider of Internet, Voice and Video services. AerioConnect was founded in 2004 and is based in Newbury Park, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Ensono

Downers Grove, Illinois, United States

Ensono provides complex managed hosting and cloud infrastructure services to mid-sized enterprises. The company specializes in supporting mission-critical workloads and helping clients manage and migrate between all systems. Ensono’s integrated array of solutions includes the hosting of client-server, mainframe, and cloud computing workloads, as well as database, storage, and managed network services. Ensono was formed in 1969 and is based in Downers Grove, Illinois.

Sell -
Mergr

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