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M&A Deal Summary

M/C Partners Acquires Ascend Technologies

On January 1, 2020, private equity firm M/C Partners acquired information technology company Ascend Technologies

Acquisition Highlights
  • This is M/C Partners’ 7th transaction in the Information Technology sector.
  • This is M/C Partners’ 32nd transaction in the United States.
  • This is M/C Partners’ 3rd transaction in Illinois.

M&A Deal Summary
Date 2020-01-01
Target Ascend Technologies
Sector Information Technology
Buyer(s) M/C Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Ascend Technologies

Chicago, Illinois, United States
Ascend Technologies is a run-of-the-mill managed services provider that helps business leaders make IT investments with confidence, eliminates cybersecurity threats, meets the needs of the business, and optimizes user productivity. Businesses endure, grow, and innovate on a foundation of efficiently run core IT systems. Ascend makes technology the catalyst for business expansion. Ascend Technologies was founded in 2020 and is based in Chicago, Illinois.

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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 39 of 52
Sector: Information Technology M&A 7 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 18 of 20
State: Illinois M&A 3 of 5
Country: United States M&A 32 of 45
Year: 2020 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Canopy Spectrum

New Orleans, Louisiana, United States

Canopy Spectrum was established to acquire wireless spectrum assets, focusing on the C-Band to support nationwide 5G deployment. The company holds 84 licenses across 43 U.S. markets. Canopy Spectrum is based in New Orleans, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 West Monroe Partners - Managed Services Division

Chicago, Illinois, United States

West Monroe Partners’ Managed Services Division provides help desk support and infrastructure management solutions to clients. Monroe Partners’ Managed Services Division is based in Chicago, Illinois.

Buy -
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