Investment Summary

Northgate Capital Exits Blue Danube

On January 28, 2022, NEC invested in communications company Blue Danube from Northgate Capital

Investment Highlights
  • This is NEC’s 1st transaction in the Communications sector.
  • This is NEC’s 3rd transaction in the United States.
  • This is NEC’s 1st transaction in California.

Investment Summary

Date 2022-01-28
Target Blue Danube
Sector Communications
Investor(s) NEC
Sellers(s) Northgate Capital
Deal Type Add-on Acquisition

Target

Blue Danube

Santa Clara, California, United States
Blue Danube designs next generation wireless solutions for mobile networks and other applications. Its Coherent Massive MIMO solution brings 5G beamforming to today’s networks, dramatically increasing network capacity and end user experience. Together with a cloud-based software suite utilizing machine learning techniques, our technology enables up to a 10X capacity increase in cellular networks. Blue Danube is based in Santa Clara, CA and New Providence, NJ.

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Investor(S) 1

Investor

NEC

Tokyo, Japan

Category Company
Founded 1899
Sector Technology Hardware
Employees104,194
Revenue 3.42T JPY (2025)
DESCRIPTION
NEC's office in Santa Clara, California.
NEC's office in Santa Clara, California.

NEC is a global provider of IT hardware and solutions. The Company also offers systems integration services, such as systems implementation and consulting services. NEC was founded in 1899 and is based in Tokyo, Japan.


DEAL STATS #
Overall 12 of 14
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 11 of 13
State: California M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Capita Secure Solutions and Services

London, United Kingdom

Capita Secure Solutions and Services is a provider of software and solutions to the emergency services and justice sectors. Capita Secure Solutions and Services is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Aspire Technology

Dublin, Ireland

Aspire Technology is a provider of technology solutions and specialized system integration (SI) with unique skills in designing and integrating Open Networks, a critical need in the drive toward successful global adoption of Open RAN 5G. The company provides solutions and services across the full network lifecycle for legacy and open architectures, from 2G to 5G, and will continue to utilize its expertise and experience in the growing Open Networks and Open RAN environment. Aspire Technology was formed in 2009 and is based in Dublin, Ireland.

Buy -

Seller(S) 1

SELLER

Northgate Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 4.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Northgate Capital is a private investment firm focused on venture and private equity investing. The Firm's venture group will consider opportunities globally looks to make direct investments in rapidly growing companies as well as invest in venture funds. Northgate's private equity group looks to provide provide equity and mezzanine capital to growth oriented small and middle-market companies operating in Mexico. Northgate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 19 of 19
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 8
State: California M&A 18 of 18
Country: United States M&A 19 of 19
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-08 iVoy

Ciudad de Mexico, Mexico

iVoy provides local deliveries in less than 90 minutes from the computer or App. iVoy use motorcycles to make deliveries in Mexico City and Guadalajara, iVoy assign the closest courier to the location. iVoy Mensajería Express is based in Ciudad de Mexico, Mexico.

Buy -