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M&A Deal Summary

M/C Partners Acquires Open Mobile

On January 1, 2006, private equity firm M/C Partners acquired communications company Open Mobile

Acquisition Highlights
  • This is M/C Partners’ 14th transaction in the Communications sector.
  • This is M/C Partners’ 1st transaction in Puerto Rico.

M&A Deal Summary
Date 2006-01-01
Target Open Mobile
Sector Communications
Buyer(s) M/C Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Open Mobile

Guaynabo, Puerto Rico
Open Mobile is a provider of mobile telephony services only in Puerto Rico. Open Mobile was founded in 2006 and is based in Guaynabo, Puerto Rico.

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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 16 of 51
Sector (Communications) 14 of 32
Type (Buyout (LBO, MBO, MBI)) 12 of 20
Country (Puerto Rico) 1 of 1
Year (2006) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 ZP Better Together

Austin, Texas, United States

ZP Better Together is a nationally recognized video relay service provider that enables Deaf and Hard-of-Hearing individuals to communicate with hearing people worldwide. The company provides videophone hardware, software, and accessories designed to allow for a real-time video connection with certified ASL interpreters who relay conversations between parties. ZP Better Together was founded in 2006 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 CoreLink Data Centers

Mount Prospect, Illinois, United States

M/C partnered with management to form CoreLink Data Centers in late 2007 to pursue the long-term trend of outsourcing information technology to managed services data centers. Corelink focuses on identifying and acquiring colocation opportunities in geographical markets that have high growth potential and are currently underserved. To date, CDC acquired datacenter assets in Seattle and Phoenix. CoreLink Data Centers is based in Mount Prospect, Illinois.

Buy -
Mergr

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