M&A Deal Summary

M/C Partners Acquires Mobi PCS

On January 1, 2003, private equity firm M/C Partners acquired communications company Mobi PCS

Acquisition Highlights
  • This is M/C Partners’ 11th transaction in the Communications sector.
  • This is M/C Partners’ 12th transaction in the United States.
  • This is M/C Partners’ 1st transaction in Hawaii.

M&A Deal Summary

Date 2003-01-01
Target Mobi PCS
Sector Communications
Buyer(s) M/C Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Mobi PCS

Honolulu, Hawaii, United States
Mobi PCS, Inc. is a provider of nationwide coverage on America's most reliable 4G LTE network.

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Buyer(S) 1

Buyer

M/C Partners

Boston, Massachusetts, United States

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 13 of 51
Sector (Communications) 11 of 32
Type (Buyout (LBO, MBO, MBI)) 9 of 20
State (Hawaii) 1 of 1
Country (United States) 12 of 44
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Attenda

Middlesex, United Kingdom

Attenda Ltd. is a provider of managed services and cloud platform for business critical applications.

Buy $14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-11 Western Wireless

Issaquah, Washington, United States

Western Wireless Corporation is a cellular network operator that provided mobile telecommunications service to subscribers in 19 western states and seven countries.

Sell $6.0B