M&A Deal Summary

Optimal Investment Group Acquires Movandi

On December 1, 2016, private equity firm Optimal Investment Group acquired communications company Movandi

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

M&A Deal Summary

Date 2016-12-01
Target Movandi
Sector Communications
Buyer(s) Optimal Investment Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Movandi

Irvine, California, United States
Movandi is a wireless technology company, that brings innovative RF front-end technology to emerging high frequency, millimeter wave networks for 5G and beyond. Movandi was founded in 2016 and is based in Irvine, California.

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Buyer(S) 1

DESCRIPTION

Optimal Investment Group is a private equity firm focused on acquiring control positions in North American companies with $20 to $500 million of revenue. The Firm is industry agnostic and will consider a variety of investment situations including buyouts, corporate carve-outs, and special situations. Optimal Investment Group was formed in 2006 and is based in Sherman Oaks, California.


DEAL STATS #
Overall 7 of 13
Sector: Communications M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 3
State: California M&A 1 of 4
Country: United States M&A 3 of 9
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-10 Benvic

Chevigny Saint Sauveur, France

Benvic develops, produces and markets highly customized, innovative thermoplastic solutions based on PVC, TPE, HFFR and bio-polymers that are utilized across a wide range of rigid and flexible end-applications including building and construction, medical, automotive, aerospace, cabling, packaging and fluid transport. Benvic was founded in 1963 and is based in Chevigny Saint Sauveur, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Axity

Mexico, Mexico

Axity is a Latin-American, integrated, end-to-end IT services provider. Axity´s portfolio of services is quite unique in the market, encompassing IT Strategy, Information Management (e.g., business intelligence), Application Management (e.g., ERPs, software development), IT Management, Security and Technology Infrastructure (e.g., communication and connectivity). Axity is based in Mexico.

Sell -