M&A Deal Summary

MBI Acquires Vyve Broadband

On July 30, 2019, MBI acquired communications company Vyve Broadband from Quilvest Capital Partners and BBH Capital Partners

Acquisition Highlights
  • This is MBI’s 3rd transaction in the Communications sector.
  • This is MBI’s 3rd transaction in the United States.
  • This is MBI’s 1st transaction in New York.

M&A Deal Summary
Date 2019-07-30
Target Vyve Broadband
Sector Communications
Buyer(s) MBI
Sellers(s) Quilvest Capital Partners
BBH Capital Partners
Deal Type Add-on Acquisition

Target

Vyve Broadband

Purchase, New York, United States
Vyve Broadband is a broadband platform focused on non-urban markets in Oklahoma, Kansas, Texas, and Arkansas.

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Buyer(S) 1

Buyer

MBI

Chicago, Illinois, United States
Category Company
Sector Communications
DESCRIPTION

MBI acquires and invests in rural-focused broadband assets serving residential and commercial customers in small- to middle-sized markets and rural geographies as part of a strategy to build a market-leading company in the space. MBI is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 3
Sector (Communications) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Eagle Communications

Abilene, Kansas, United States

Eagle Communications, Inc. is a Kansas-based Broadband Services and Media Company. Eagle Communications, Inc. operates radio stations in Kansas, Nebraska, and Missouri as well as cable TV systems in Kansas, Nebraska, and Colorado. Eagle Communications, Inc. also offers e-business solutions, web hosting, telephone service, high-speed Internet and wireless Internet in most service areas.

Buy -

Seller(S) 2

SELLER

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1972
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.

DEAL STATS #
Overall 57 of 68
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 22 of 27
State (New York) 3 of 4
Country (United States) 27 of 34
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 P.F. Chang’s

Scottsdale, Arizona, United States

P.F. Chang’s is an operator of full-service restaurants that feature high-quality, authentic Chinese cuisine, and American hospitality in a contemporary bistro setting. P.F. Chang’s was founded in 1993 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-01 Tri-Imaging Solutions

Madison, Tennessee, United States

Tri-Imaging Solutions is an integrated provider of parts and services to the diagnostic imaging equipment maintenance and repair market. The company provides repair parts, on-site servicing, technical training, and technical support to its customers.

Buy -
SELLER

BBH Capital Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BBH Capital Partners is a provider of junior capital solutions for lower middle-market companies throughout the US. The Firm looks to invest $10 to $150 million in businesses valued between $20 and $750 million. BBH does not have any sector preferences and seeks to support a variety of transaction situations, including recapitalizations, growth capital financings, and acquisitions. BBH Capital Partners is an affiliate of Brown Brothers Harriman and is headquartered in New York City.

DEAL STATS #
Overall 6 of 8
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (New York) 1 of 1
Country (United States) 6 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 Ethos Veterinary Health

Woburn, Massachusetts, United States

Ethos Veterinary Health is a provider of specialty veterinary health services, including 24/7 emergency care, surgical procedures, radiology services and internal medicine. Ethos operates 21 specialty and emergency hospitals and employs over 300 doctors of veterinary medicine. Ethos Veterinary Health was founded in 2015 and is based in Woburn, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Sunstar Insurance Group

Memphis, Tennessee, United States

Sunstar Insurance Group is a regional insurance brokerage firm, focused on servicing the insurance needs of businesses and individuals in the Southeast and lower Midwest. Sunstar operates through 10 hub offices, with 18 branch offices in Arkansas, Kansas, Missouri, and Tennessee. Sunstar Insurance Group was formed in 2012 and is based in Memphis, Tennessee.

Buy -
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