M&A Deal Summary |
|
|---|---|
| Date | 1999-01-18 |
| Target | WNP Communications |
| Sector | Communications |
| Buyer(s) | NEXTLINK Communications |
| Sellers(s) |
Alta Equity Partners
Valhalla Partners Seaport Capital M/C Partners Advent International Madison Dearborn Partners Providence Equity Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 695M USD |
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| Category | Company |
|---|---|
| Founded | 1994 |
| Sector | Communications |
Nexlink Communications is the industry leader in the distribution of high quality wireless devices, personal electronics and accessories with a wide portfolio of products ranging from OEM, ODM, and fully remanufactured in the United States. Our channels of distribution encompass Regional Carriers, MVNOs, Dealer Agents, Enterprise/M2M and insurance providers. The company offers an array of turnkey business solutions designed to help partners increase sales, profitability, and efficiencies. Nexlink combines quality products with outstanding customer service, always delivering confidence to its customers.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Communications) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (1999) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| Size | Small |
| Type | Sector Agnostic |
Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 45 |
| Sector (Communications) | 5 of 20 |
| Type (Add-on Acquisition) | 7 of 36 |
| State (Virginia) | 1 of 2 |
| Country (United States) | 8 of 43 |
| Year (1999) | 2 of 5 |
| Size (of disclosed) | 3 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-01-01 |
Coloma Wireless
San Francisco, California, United States Coloma Wireless, a company formed to participate in the FCC's WCS/2.3 GHz spectrum auctions. Coloma purchased spectrum covering 75 million pops. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-04-12 |
Fundy Communications
Fredericton, New Brunswick, Canada Fundy Communications is a cable TV and telecommunications provider in the province of New Brunswick, Canada. Alta made an initial investment in Fundy to enable the Company (which was publicly-traded at the time) to build a telecommunications infrastructure. |
Sell | CA$460M |
| Category | Venture Capital Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 440M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Valhalla Partners is a private equity and venture capital firm focused primarily on providing capital to technology companies in the Mid-Atlantic US. Valhalla will invest at all company stages, including early-stage needs as well as more mature company situations such as divestitures. Sub-sectors of tech Valhalla will consider include software, internet, digital media, mobile, and data storage. Valhalla Partners was formed in 2002 and is based in Vienna, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 33 |
| Sector (Communications) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 22 |
| State (Virginia) | 1 of 9 |
| Country (United States) | 2 of 33 |
| Year (1999) | 1 of 2 |
| Size (of disclosed) | 3 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-06-18 |
Intersolv
Redwood City, California, United States Desktop development and data warehousing tools. |
Sell | $534M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-05-12 |
CareerBuilder
Chicago, Illinois, United States CareerBuilder provides comprehensive online recruiting products and services for job seekers and employers and has uniquely syndicated its trademarked technology and content to create a network of private-label career sites. CareerBuilder was founded in 1995 and is based in Chicago, Illinois. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| Size | Middle-Market |
| Type | Sector Focused |
Seaport Capital is a private equity firm that targets equity and mezzanine investments in private middle-market companies. Funds are generally used to support late-stage growth opportunities, as well as buyouts and recapitalizations. Seaport prefers businesses with high margins and recurring revenues. Sectors of interest include marketing services, publishing, media, communications, business services, education, software, cable, and information services. Seaport seeks private companies valued between $25 and $150 million and looks to commit up to $40 million of equity per transaction. Seaport requires board representation and typically holds investments for three to seven years. Seaport Capital was formed in 1997 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 31 |
| Sector (Communications) | 1 of 8 |
| Type (Add-on Acquisition) | 2 of 19 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 2 of 29 |
| Year (1999) | 1 of 1 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-01-01 |
WNP Communications
Earlysville, Virginia, United States WNP Communications, Inc. is a provider of broadband wireless services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-08-01 |
SirsiDynix
Lehi, Utah, United States SirsiDynix is a provider of integrated library systems (ILS) software, which is specialized enterprise resource planning software for libraries used to automate and optimize the entire operation of a library as well as enhance a library’s ability to serve its users and community. SirsiDynix was founded in 1979 and is based in Lehi, Utah. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 2.4B USD |
| Size | Large |
| Type | Sector Focused |
M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $5 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 31 |
| Sector (Communications) | 5 of 20 |
| Type (Add-on Acquisition) | 2 of 16 |
| State (Virginia) | 2 of 3 |
| Country (United States) | 5 of 26 |
| Year (1999) | 2 of 4 |
| Size (of disclosed) | 5 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-01-01 |
TeleCorp Wireless
Arlington, Virginia, United States TeleCorp Wireless, Inc. provides digital wireless personal communications services to a licensed service area. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-02-23 |
FrontierVision Partners
Denver, Colorado, United States FrontierVision Partners, L.P. is a provider of cable television systems in small and medium-sized suburban and exurban communities. The company controlled over 500,000 subscribers, principally in the states of Ohio, Kentucky, and Maine. |
Sell | $2.1B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 76.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 222 |
| Sector (Communications) | 3 of 16 |
| Type (Add-on Acquisition) | 5 of 82 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 5 of 79 |
| Year (1999) | 1 of 14 |
| Size (of disclosed) | 24 of 52 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1998-12-01 |
CVC
Rochester, New York, United States CVC, Inc. is a manufacturer of semiconductor equipment used in the production of evolving tape- and disk-drive recording heads, optical components, passive components, magnetoresistive random-access memories and various logic devices. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-01-26 |
Internet Securities
New York, New York, United States Internet Securities, Inc. provider of economic, political and financial information on emerging markets via the Internet. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 28.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 74 |
| Sector (Communications) | 1 of 10 |
| Type (Add-on Acquisition) | 1 of 34 |
| State (Virginia) | 1 of 2 |
| Country (United States) | 3 of 66 |
| Year (1999) | 1 of 4 |
| Size (of disclosed) | 21 of 27 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-01-01 |
Ruth s Chris Steak House
Metairie, Louisiana, United States Ruth's Chris is one of the largest fine dining restaurant companies in the U.S. Ruth's Chris originated in New Orleans and is now found in cities throughout the United States, foreign countries, and one U.S. territory. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-02-02 |
Eldorado Bancshares
Laguna Hills, California, United States Eldorado Bancshares, Inc. is a company offers a broad range of commercial banking products and services to small and medium-sized businesses and retail customers. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 36.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 100 |
| Sector (Communications) | 3 of 18 |
| Type (Add-on Acquisition) | 2 of 40 |
| State (Virginia) | 1 of 6 |
| Country (United States) | 3 of 68 |
| Year (1999) | 1 of 3 |
| Size (of disclosed) | 21 of 35 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-01-01 |
Bresnan Communications
Purchase, New York, United States Bresnan Communications LLC operates cable television systems serving approximately 300,000 basic subscribers in Montana, Wyoming, Colorado and Utah. Bresnan delivers advanced products and services such as high-speed Internet access, high-definition television, video-on-demand and telephone to residential and business customers across an upgraded network. |
Buy | $1.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-02-01 |
Western Wireless
Issaquah, Washington, United States Western Wireless Corporation is a cellular network operator that provided mobile telecommunications service to subscribers in 19 western states and seven countries. |
Sell | - |
