M&A Deal Summary

MVC Capital and Adams Street Partners Acquire 0-In Design Automation

On January 1, 2001, business development company MVC Capital and asset manager Adams Street Partners acquired software company 0-In Design Automation for 4M USD

Acquisition Highlights
  • This is MVC Capital’s 1st and Adams Street Partners’ 2nd transaction in the Software sector.
  • This is MVC Capital’s and Adams Street Partners’ 8th largest (disclosed) transaction.
  • This is MVC Capital’s 1st and Adams Street Partners’ 7th transaction in the United States.
  • This is MVC Capital’s 1st and Adams Street Partners’ 3rd transaction in California.
Investment Fate
  • 0-In Design Automation was sold to a publicly-traded strategic buyer in 2004.

M&A Deal Summary

Date 2001-01-01
Target 0-In Design Automation
Sector Software
Buyer(s) MVC Capital
Adams Street Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 4M USD

Target

0-In Design Automation

San Jose, California, United States
0-In Design Automation, Inc. is an electronic design automation (EDA) company providing functional verification products that help verify multi-million gate application-specific integrated circuit (ASIC) and system-on-chip (SoC) designs.

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Buyer(S) 2

DESCRIPTION

MVC Capital is a business development company focused on providing long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies. MVC is sector agnostic and primarily invests in US-based companies. MVC's investments can take the form of common and preferred stock (control and non-control investments) and warrants or rights to acquire equity interests; senior and subordinated loans; or convertible securities. MVC serves as the lead investor for transactions, as well as a co-investor in companies along with other private equity sponsors. MVC Capital is based in Purchase, New York.


DEAL STATS #
Overall 1 of 19
Sector (Software) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 3
State (California) 1 of 1
Country (United States) 1 of 15
Year (2001) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-03 Vestal Manufacturing

Sweetwater, Tennessee, United States

Vestal Manufacturing is a manufacturer and distributor of cast iron and steel fabricated components to municipalities, original equipment manufacturers and the home, hearth and patio industries.

Buy -
Buyer

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 7 of 148
Sector (Software) 2 of 30
Type (Buyout (LBO, MBO, MBI)) 3 of 12
State (California) 3 of 59
Country (United States) 7 of 136
Year (2001) 1 of 4
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-29 SPS Commerce

Minneapolis, Minnesota, United States

SPS Commerce is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. SPS delivers its solutions over the Internet using a Software-as-a-Service model to improve the way suppliers, retailers, distributors and other customers manage and fulfill orders. SPS Commerce was founded in 1987 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-01 Actelis Networks

Fremont, California, United States

Actelis Networks, Inc. is a provider of carrier ethernet over copper solutions. Actelis’ EFM products energize existing copper networks, enabling high-bandwidth broadband services up to 100 Mbps with minimal operational costs.

Buy -