Investment Summary

Needham Capital Partners and W Capital Partners Invest In Bay Microsystems

On December 27, 1999, private equity firm Needham Capital Partners and secondary investor W Capital Partners invested in technology hardware company Bay Microsystems

Investment Highlights
  • This is Needham Capital Partners’ 3rd and W Capital Partners’ 1st transaction in the Technology Hardware sector.
  • This is Needham Capital Partners’ 21st and W Capital Partners’ 1st transaction in the United States.
  • This is Needham Capital Partners’ 12th and W Capital Partners’ 1st transaction in California.

Investment Summary

Date 1999-12-27
Target Bay Microsystems
Sector Technology Hardware
Investor(s) Needham Capital Partners
W Capital Partners
Deal Type Venture

Target

Bay Microsystems

San Jose, California, United States
Bay Microsystems, Inc. designs and markets high-performance communications processors to commercial enterprises, government agencies, and service providers.

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Investor(S) 2

Investor

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 21 of 53
Sector: Technology Hardware M&A 3 of 5
Type: Venture M&A Deals 2 of 14
State: California M&A 12 of 32
Country: United States M&A 21 of 53
Year: 1999 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-01 Collectors Universe

Newport Beach, California, United States

Collectors Universe, Inc. Provides authentication services on coins, memorabilia, stamps and other collectibles.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-21 Boxer Cross

Santa Clara, California, United States

Boxer Cross, Inc. manufactures in-line monitoring systems that provide users with critical electrical measurement data for controlling semiconductor processes.

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Investor

W Capital Partners

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2001
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

W Capital Partners is a private investment group focused on direct secondary investments. W Capital Partners has a particular interest in growth equity secondary investments as well as buyout minority secondary investments, where existing shareholders are looking for liquidity. W Capital Partners is based in New York City.


DEAL STATS #
Overall 1 of 20
Sector: Technology Hardware M&A 1 of 1
Type: Venture M&A Deals 1 of 6
State: California M&A 1 of 4
Country: United States M&A 1 of 20
Year: 1999 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-17 Verra Mobility

Mesa, Arizona, United States

Verra Mobility is a provider of smart mobility, serving the world's largest commercial fleets and rental car companies in managing tolling transactions and violations for more than 8.5 million vehicles and operating more than 4,000 red-light, speed, and school bus stop arm safety cameras. Verra Mobility maintains its leadership position in the marketplace through meaningful scale and has demonstrated consistent revenue growth underscored by its differentiated transaction processing model. Verra Mobility was founded in 2016 and is based in Mesa, Arizona.

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