M&A Deal Summary

Robert Bosch Acquires Telex Communications

On August 31, 2006, Robert Bosch acquired electronics company Telex Communications from Jefferies Capital Partners for 420M USD

Acquisition Highlights
  • This is Robert Bosch’s 1st transaction in the Electronics sector.
  • This is Robert Bosch’s 2nd largest (disclosed) transaction.
  • This is Robert Bosch’s 2nd transaction in the United States.
  • This is Robert Bosch’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2006-08-31
Target Telex Communications
Sector Electronics
Buyer(s) Robert Bosch
Sellers(s) Jefferies Capital Partners
Deal Type Add-on Acquisition
Deal Value 420M USD

Target

Telex Communications

Burnsville, Minnesota, United States
Telex Communications is a manufacturer and supplier of professional audio, wireless, life safety and communication equipment. The systems are installed in a wide range of applications, such as large stadiums and airport projects, where customers are increasingly asking for turnkey solutions combined with security systems.

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Buyer(S) 1

Buyer

Robert Bosch

Postfach, Germany
Category Company
Founded 1886
Sector Diversified
Employees300,000
Revenue 52.0B EUR (2012)
DESCRIPTION
Bosch power tools on display at an Acme Tools store in Duluth, Minnesota.
Bosch power tools on display at an Acme Tools store in Duluth, Minnesota.

Robert Bosch GmbH is a diversified technology, electronics, and automotive manufacturing company. The Company is privately owned and was established in 1886.

DEAL STATS #
Overall 3 of 20
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 2 of 17
State (Minnesota) 1 of 1
Country (United States) 2 of 11
Year (2006) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-05-13 Texas Instruments - Multipoint Systems Business

Dallas, Texas, United States

Texas Instruments - Multipoint Systems Business is a provider of two-way communications system that enables a wireless delivery of broadband and narrowband services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-02 TeleAlarm S.A.

Switzerland

TeleAlarm S.A. is a provider of social alarm and nurse call systems.

Buy -

Seller(S) 1

SELLER

Jefferies Capital Partners

New York, New York, United States
Category Private Equity Firm
Founded 1994
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jefferies Capital Partners is a private equity investment firm that seeks to invest in later-stage growth companies, management buyouts, and support of corporate expansion and industry consolidation. The firm makes equity and equity-linked investments between $20 million and $100 million per transaction. Jefferies does not invest in start-ups, early-stage ventures or real estate. The firm seeks companies with revenue between $10 million to $500 million per annum. Jefferies targets companies involved in the following industries: consumer, energy, financial services, healthcare, manufacturing and distribution, media, telecommunications and transportation. Jefferies Capital Partners is based in New York, New York.

DEAL STATS #
Overall 18 of 28
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 10 of 17
State (Minnesota) 1 of 1
Country (United States) 17 of 27
Year (2006) 6 of 7
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-24 Blacksand Energy

Denver, Colorado, United States

Blacksand Energy was a private exploration and production company based in Denver, Colorado that focused on production and development of primarily oil reserves in California.Blacksand Energy - is primarily engaged in the acquisition, development and production of oil and gas properties. Blacksand’s principal asset is the long-life Brea-Olinda oil field located in the LA Basin, onshore California.

Sell $416M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-31 Apartment MediaWorks

Alpharetta, Georgia, United States

Apartment MediaWorks, LLC - provides private cable television service to residents of multi-dwelling units in the Southeastern United States.

Sell -
Mergr

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