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M&A Deal Summary

Quadrangle Group Acquires Mobilicity

On May 14, 2010, private equity firm Quadrangle Group acquired communications company Mobilicity for 200M USD

Acquisition Highlights
  • This is Quadrangle Group’s 11th transaction in the Communications sector.
  • This is Quadrangle Group’s 10th largest (disclosed) transaction.
  • This is Quadrangle Group’s 1st transaction in Canada.
  • This is Quadrangle Group’s 1st transaction in Ontario.

M&A Deal Summary
Date 2010-05-14
Target Mobilicity
Sector Communications
Buyer(s) Quadrangle Group
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 200M USD

Target

Mobilicity

Vaughan, Ontario, Canada
Mobilicity is the go-to-market brand name of DAVE Holdings' wireless service that intends to launch service in Canada. Dave Holdings, Inc. owns spectrum in 10 of Canada’s 13 largest metropolitan markets covering 16.1 million people. Dave Holdings, Inc. was founded to acquire AWS spectrum in an auction designed to promote new entry and increase competition in the Canadian wireless market.

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Buyer(S) 1

Buyer

Quadrangle Group

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quadrangle Group is a specialist private equity firm focused on the information and communications technology services sectors. Quadrangle was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 25 of 25
Sector: Communications M&A 11 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 7
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2010 M&A 2 of 2
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-26 Protection One

Romeoville, Illinois, United States

Protection One is a security provider, protecting residential, business, national account and integrated system customers at millions of locations. Protection One provides installation, maintenance and electronic monitoring of alarm systems to single-family residential, commercial, multifamily and wholesale customers. Protection One was founded in 1988 and is based in Romeoville, Illinois.

Sell $828M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-03 MGM

Beverly Hills, California, United States

MGM is an entertainment company focused on the production and global distribution of film and television content across all platforms. The company owns one of the world’s deepest libraries of premium film and television content.

Sell -
Mergr

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