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  6. Marlin Equity Partners Acquires Coriant

M&A Deal Summary

Marlin Equity Partners Acquires Coriant

On May 6, 2013, private equity firm Marlin Equity Partners acquired technology hardware company Coriant from Nokia Solutions and Networks

Acquisition Highlights
  • This is Marlin Equity Partners’ 3rd transaction in the Technology Hardware sector.
  • This is Marlin Equity Partners’ 26th transaction in the United States.
  • This is Marlin Equity Partners’ 2nd transaction in Illinois.
Investment Fate
  • Coriant was sold to a consortium of financial buyers in 2017.
  • Coriant was sold to a publicly-traded strategic buyer in 2018.

M&A Deal Summary
Date 2013-05-06
Target Coriant
Sector Technology Hardware
Buyer(s) Marlin Equity Partners
Sellers(s) Nokia Solutions and Networks
Deal Type Divestiture

Target

Coriant

Naperville, Illinois, United States
Entrance to Coriant's corporate headquarters in Naperville, Illinois.
Entrance to Coriant's corporate headquarters in Naperville, Illinois.
Coriant is a developer of an innovative and dynamic networking solutions for a fast-changing and cloud-enabled business world. The Coriant portfolio of SDN-enabled, edge-to-core transport solutions enables network operators to reduce operational complexity, improve utilization of multi-layer network resources, and create new revenue-generating services optimized for the evolving demands of business and consumer applications, including video, mobile, and cloud. Coriant was founded in 2013 and is based in Naperville, Illinois.

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Buyer(S) 1

Buyer

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.

DEAL STATS #
Overall 31 of 118
Sector: Technology Hardware M&A 3 of 5
Type: Divestiture M&A Deals 10 of 24
State: Illinois M&A 2 of 4
Country: United States M&A 26 of 83
Year: 2013 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-15 Vivonet

Vancouver, British Columbia, Canada

Vivonet, Inc. is a provider of cloud-based point of sale software and systems for small and mid-sized merchants. The company’s solutions allow single and multi-location operations to remotely manage complex workflows, order management and consumer interactions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-19 Sycamore Networks Solutions

Chelmsford, Massachusetts, United States

Sycamore Networks Solutions, Inc. is a provider of intelligent optical networking and multiservice access solutions that enable fixed line and mobile operators to improve utilization of network capacity, increase operational efficiencies and cost-effectively transition from circuit to packet services while ensuring the highest degree of service availability.

Sell -

Seller(S) 1

SELLER

Nokia Solutions and Networks

Espoo, Finland
Category Company
Sector Technology Hardware
DESCRIPTION

Nokia Solutions and Networks is a data networking and telecommunications equipment company headquartered in Espoo, Finland. It was formed in 2007 as a joint venture between Siemens and Nokia.

DEAL STATS #
Overall 2 of 2
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Nokia Siemens Networks Internet Protocol Television Business

Finland

Nokia Siemens Networks Internet Protocol television (IPTV).

Sell -
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