Going Private • Technology Hardware

Platinum Equity Acquires Ulticom

On December 3, 2010, private equity firm Platinum Equity acquired technology hardware company Ulticom for 90M USD

Acquisition Context
  • This is Platinum Equity’s 2nd transaction in the Technology Hardware sector.
  • This is Platinum Equity’s 29th largest (disclosed) transaction.
  • This is Platinum Equity’s 35th transaction in the United States.
  • This is Platinum Equity’s 2nd transaction in New Jersey.
Investment Fate
  • Ulticom was sold to a publicly-traded strategic buyer in 2015.

Explore All 27 Going Private Technology Hardware Deals - Search the Database Free


M&A Deal Summary

Date December 3, 2010
Target Ulticom
Sector Technology Hardware
Buyer(s) Platinum Equity
Deal Type Going Private
Deal Value 90M USD
Advisor(s) Morgan Keegan (Financial)
Weil Gotshal & Manges (Legal)

Target Company

Ulticom

Mount Laurel, New Jersey, United States
Ulticom provides service essential signaling component and system solutions for wireless, wireline, and Internet communications. Ulticom's products are used by leading telecommunication equipment and service providers worldwide to deploy broadband mobile access, multimedia transport control, subscriber data management and enhanced communication services.
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Buyer Overview 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


Deal Context for Buyer #
Overall 41 of 156
Sector: Technology Hardware 2 of 3
Type: Going Private 6 of 12
State: New Jersey 2 of 2
Country: United States 35 of 121
Year: 2010 5 of 6
Size (of disclosed) 29 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-18 American Commercial Barge Line

Jeffersonville, Indiana, United States

American Commercial Lines Inc. is an integrated marine transportation and service company operating in the United States.

Buy $777M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-16 Schutt Sports

Litchfield, Illinois, United States

Schutt Sports, Inc. is a manufacturer and provider of football, softball, baseball and basketball equipment to the youth, high school, college and professional markets.

Buy $33M