M&A Deal Summary

Needham Capital Partners Acquires Trinity Convergence

On November 5, 2007, private equity firm Needham Capital Partners acquired internet software and services company Trinity Convergence

Acquisition Highlights
  • This is Needham Capital Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Needham Capital Partners’ 53rd transaction in the United States.
  • This is Needham Capital Partners’ 2nd transaction in North Carolina.
Investment Fate
  • Trinity Convergence was sold to a strategic buyer in 2010.

M&A Deal Summary

Date 2007-11-05
Target Trinity Convergence
Sector Internet Software and Services
Buyer(s) Needham Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Trinity Convergence

Durham, North Carolina, United States
Trinity Convergence, Inc. is a Privately held company focused on developing comprehensive software solutions for the emerging VoIP and voice + video over IP (V2IP) communications equipment market.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Needham Capital Partners

New York, New York, United States

Category Private Equity Firm
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Needham Capital Partners is the private equity affiliate of mid-market investment bank Needham & Company. Needham Capital targets investments in clean technology, communications, consumer, financial services, healthcare, semiconductor, enterprise software/storage, networking, and industrial service companies. The Firm prefers to act as the lead investor and has a target investment size of $2 to $10 million. Investment proceeds are typically used to finance growth, or fund management buyouts/recapitalizations. Prospective companies are generally located in the US. Needham Capital Partners is based in New York City, with additional offices in Boston, Menlo Park, and San Francisco.


DEAL STATS #
Overall 53 of 53
Sector: Internet Software and Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 21 of 21
State: North Carolina M&A 2 of 2
Country: United States M&A 53 of 53
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-20 Sensis

Syracuse, New York, United States

Sensis Corp. is a provider of air defense, air traffic control, airline and airport operations management, and data integration and distribution.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-24 Nextest Systems

San Jose, California, United States

Nextest Systems Corp. develops and produces automatic test equipment for high-performance logic and memory devices for the semiconductor industry.

Sell $325M