M&A Deal Summary

Madison Dearborn Partners Acquires Intermedia

On September 14, 2016, private equity firm Madison Dearborn Partners acquired internet software and services company Intermedia from Oak Hill Capital

Acquisition Highlights
  • This is Madison Dearborn Partners’ 4th transaction in the Internet Software and Services sector.
  • This is Madison Dearborn Partners’ 60th transaction in the United States.
  • This is Madison Dearborn Partners’ 8th transaction in New York.

M&A Deal Summary

Date 2016-09-14
Target Intermedia
Sector Internet Software and Services
Buyer(s) Madison Dearborn Partners
Sellers(s) Oak Hill Capital
Deal Type Secondary Buyout
Advisor(s) Deutsche Bank Corporate & Investment Banking
J.P. Morgan Securities (Financial)
Pillsbury Winthrop Shaw Pittman (Legal)

Target

Intermedia

New York, New York, United States
Intermedia is a Unified Communications as a Service (UCaaS) and business cloud email provider that delivers highly-reliable and secure communications & collaboration solutions to more than 125,000 businesses and 6,600 active partners.

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Buyer(S) 1

Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 68 of 99
Sector (Internet Software and Services) 4 of 6
Type (Secondary Buyout) 10 of 19
State (New York) 8 of 9
Country (United States) 60 of 85
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Q9 Networks

Toronto, Ontario, Canada

Q9 Networks, Inc. is a provider of outsourced data center infrastructure for mission-critical IT operations. Operates three state-of-the-art data centers in Ontario and Alberta, Canada. Headquartered in Toronto, ON.

Sell $675M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Powerflute

Kuopio, Finland

Powerflute operates an integrated pulp and paper mill in Kuopio (Finland) with an annual production capacity of 285,000 tonnes of high-performance semi-chemical fluting.

Buy -

Seller(S) 1

SELLER

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


DEAL STATS #
Overall 39 of 55
Sector (Internet Software and Services) 2 of 3
Type (Secondary Buyout) 6 of 11
State (New York) 3 of 4
Country (United States) 32 of 46
Year (2016) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 Oxford Networks

Lewiston, Maine, United States

Oxford Networks is a provider of end-to-end technology solutions for companies in New England and beyond. Oxford Networks services and products include: Data Center Services, Managed IT Services, Voice, Internet, and Carrier Services. Oxford Networks was founded in 1876 and is based in Lewiston, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 CommunityOne Bank

Ashebord, North Carolina, United States

CommunityOne Bank is a full service community bank headquartered in Asheboro, North Carolina.

Sell -