M&A Deal Summary

Perseus Acquires MTN Satellite Communications

On April 7, 2005, merchant bank Perseus acquired communications company MTN Satellite Communications from Falconhead Capital for 110M USD

Acquisition Highlights
  • This is Perseus’ 1st transaction in the Communications sector.
  • This is Perseus’ 3rd largest (disclosed) transaction.
  • This is Perseus’ 12th transaction in the United States.
  • This is Perseus’ 1st transaction in Florida.
Investment Fate
  • MTN Satellite Communications was sold to a consortium of financial buyers in 2006.
  • MTN Satellite Communications was sold to a strategic buyer in 2015.

M&A Deal Summary
Date 2005-04-07
Target MTN Satellite Communications
Sector Communications
Buyer(s) Perseus
Sellers(s) Falconhead Capital
Deal Type Secondary Buyout
Deal Value 110M USD

Target

MTN Satellite Communications

Miramar, Florida, United States
MTN Satellite Communications, Inc. is a provider of communications and content services for remote locations around the world.

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Buyer(S) 1

Buyer

Perseus

Washington, District of Columbia, United States
Category Merchant Bank
Founded 1995
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Perseus is a private equity firm focused on middle-market buyouts, recapitalizations, and growth equity investments. Perseus looks businesses operating with proven management, strong brands, and 'powerful intellectual property'. Sectors of interest include biotechnology, medical devices, branded consumer products, business services, information technology, communications, and energy/environmental service companies. Perseus was formed in 1995 and maintains offices in Washington DC, New York City, and Munich.

DEAL STATS #
Overall 13 of 28
Sector (Communications) 1 of 2
Type (Secondary Buyout) 1 of 1
State (Florida) 1 of 2
Country (United States) 12 of 22
Year (2005) 1 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-21 ILEX Oncology

San Antonio, Texas, United States

ILEX Oncology, Inc. is a drug development company focused exclusively on the accelerated development of drugs for the treatment and prevention of cancer. ILEX Oncology was founded in 1992 and is based in San Antonio, Texas.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-25 NxtPhase

Vancouver, British Columbia, Canada

NxtPhase is a manufacturer and marketer of optical sensors and digital solutions to the electric power industry that enable improved measurement reliability and management of electric power transmission.

Buy -

Seller(S) 1

SELLER

Falconhead Capital

New York, New York, United States
Category Private Equity Firm
Founded 1998
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Falconhead Capital is a private equity firm focused on making control investments in lower middle-market companies in the consumer, leisure/lifestyle and media sectors that benefit from the growing number of consumers with a higher standard of living. Falconhead seeks to invest $10 to $100 million per transaction and in conjunction with co-investors can invest up to $100 million. Prospective businesses should have revenues of $20 to $150 million and $5 to $30 million of EBITDA. Falconhead Capital was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 2 of 11
Sector (Communications) 1 of 1
Type (Secondary Buyout) 1 of 6
State (Florida) 1 of 2
Country (United States) 2 of 9
Year (2005) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-29 The Golf Warehouse

Wichita, United States

The Golf Warehouse, Inc. is an online and catalog retailer of golf equipment, apparel and accessories.

Sell $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-12 ESPN Classic Europe

London, United Kingdom

ESPN Classic Europe LLC operates a sports television channel.

Sell -
Mergr

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