M&A Deal Summary

Pace Acquires 2Wire

On October 20, 2010, Pace acquired communications company 2Wire from TCV for 307M GBP

Acquisition Highlights
  • This is Pace’s 1st transaction in the Communications sector.
  • This is Pace’s largest (disclosed) transaction.
  • This is Pace’s 1st transaction in the United States.
  • This is Pace’s 1st transaction in California.

M&A Deal Summary

Date 2010-10-20
Target 2Wire
Sector Communications
Buyer(s) Pace
Sellers(s) TCV
Deal Type Add-on Acquisition
Deal Value 307M GBP

Target

2Wire

San Jose, California, United States
2Wire, Inc. is a provider of integrated solutions to deliver broadband service and content throughout the home and small office.

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Buyer(S) 1

Buyer

Pace

Saltaire, United Kingdom

Category Company
Founded 1982
Sector Technology Hardware
Employees2,300
Revenue 2.4B GBP (2012)
DESCRIPTION

Pace is a provider of technology solutions to the PayTV and Broadband industries. With a broad portfolio of customer premises equipment, network solutions, and software and services, Pace allows service providers to simply and cost-effectively innovate at the speed they want. Pace operates in markets across the world, with locations in the UK, USA, France, India, and China. Pace was formed in 1982 and is based in Saltaire, United Kingdom.


DEAL STATS #
Overall 3 of 5
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 2
Country (United States) 1 of 2
Year (2010) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-02 Bewan Systems SAS

Courbevoie, France

Bewan Systems SA is a provider of secure network solutions and unified communications, for the home and office users as well as for Telecoms and Internet operators.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-03 Aurora Networks

Santa Clara, California, United States

Aurora Networks is the only pure-play optical transport solution provider focused solely on cable network operators. The company’s broad array of optical network products and technology includes optical transmitters, node platforms and Ethernet equipment that deliver enhanced services and greater bandwidth to subscribers while reducing the cable operator’s total cost of ownership.

Buy $310M

Seller(S) 1

SELLER

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 39 of 83
Sector (Communications) 3 of 4
Type (Add-on Acquisition) 22 of 43
State (California) 21 of 32
Country (United States) 36 of 73
Year (2010) 5 of 5
Size (of disclosed) 11 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-20 XRS

Eden Prairie, Minnesota, United States

XRS Corporations is a provider of fleet management and compliance software solutions to the trucking industry to help maintain regulatory compliance and reduce operating costs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-12 Everyday Health

New York, New York, United States

Everyday Health, Inc. is a provider of digital health marketing and communications solutions. Everyday Health attracts a large and engaged audience of consumers and healthcare professionals to its premier health and wellness properties, and utilizes its data and analytics expertise to deliver highly personalized content experiences and efficient and effective marketing and engagement solutions. Everyday Health enables consumers to manage their daily health and wellness needs, healthcare professionals to stay informed and make better decisions for their patients, and marketers, health payers and providers to communicate and engage with consumers and healthcare professionals to drive better health outcomes. Everyday Health's content and solutions are delivered through multiple channels, including desktop, mobile web, and mobile phone and tablet applications, as well as video and social media.

Buy -