Investment Summary

Rosewood Capital and Adams Street Partners Invest In Synchronoss

On May 10, 2006, private equity firm Rosewood Capital and asset manager Adams Street Partners invested in software company Synchronoss from Colchester Capital

Investment Highlights
  • This is Rosewood Capital’s 1st and Adams Street Partners’ 3rd transaction in the Software sector.
  • This is Rosewood Capital’s 9th and Adams Street Partners’ 25th transaction in the United States.
  • This is Rosewood Capital’s 1st and Adams Street Partners’ 1st transaction in New Jersey.
Investment Fate
  • Synchronoss was sold to a strategic buyer in 2025 for 258M USD.

Investment Summary

Date 2006-05-10
Target Synchronoss
Sector Software
Investor(s) Rosewood Capital
Adams Street Partners
Sellers(s) Colchester Capital
Deal Type PIPE

Target

Synchronoss

Bridgewater, New Jersey, United States
Synchronoss provides cloud-based software and services enabling digital content backup, device activation, messaging and content synchronization for telecom operators, carriers, and enterprises. The company delivers a white-label “personal cloud” platform under which carriers can offer cloud backup, photo/video storage, content transfer and device-onboarding services to their subscribers. Founded in 2000, Synchronoss is headquartered in Bridgewater, New Jersey, United States.

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Investor(S) 2

Investor

Rosewood Capital

Lafayette, California, United States

Category Private Equity Firm
Founded 1985
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rosewood Capital is a private equity firm that targets investments in consumer related industries. Examples include branded consumer products and services, retail, restaurant chains, financial services, and outsourced business services. Investment proceeds are typically used to finance growth or provide liquidity for shareholders. Rosewood Capital was formed in 1985 and is based in San Francisco.


DEAL STATS #
Overall 9 of 15
Sector: Software M&A 1 of 1
Type: PIPE M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 9 of 15
Year: 2006 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-18 Under Armour

Baltimore, Maryland, United States

Under Armour is a designer and producer of performance sports apparel, shoes, as well as sporting goods equipment and accessories. Under Armour was founded in 1996 and is based in Baltimore, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-19 3 Day Blinds

Irvine, California, United States

3 DAY BLINDS manufactures and sells custom window coverings in the U.S. Its products include wood blinds, faux woods, mini blinds, window murals, vertical blinds, honeycomb, woven woods, Roman shades, roller shades, shadings and sheers, and shutters. 3 Day Blinds offers products through its showrooms and network of in-home design consultants. The company was founded in 1978 and is based in Anaheim, California.

Buy -
Investor

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 28 of 152
Sector: Software M&A 3 of 30
Type: PIPE M&A Deals 1 of 1
State: New Jersey M&A 1 of 2
Country: United States M&A 25 of 140
Year: 2006 M&A 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 Criteo

Paris, France

Criteo is an online display ad retargeting company. Criteo was founded in 2005 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-11 XTENT

Menlo Park, California, United States

XTENT, Inc. is a developer of stent systems for delivering multiple drug eluting stents of customizable length with a single catheter.

Buy -

Seller(S) 1

SELLER

Colchester Capital

Berkeley Heights, New Jersey, United States

Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Colchester Capital is a private investment firm focused on investing in small and mid-sized public and private companies. Colchester prefers investing in control situations and looks to commit $5 to $50 million of equity capital per transaction. Sectors of interest include technology, business services, industrial, healthcare and consumer products/services. Investment funds are typically used to recapitalize balance sheets, provide liquidity to investors, or fund growth. Colchester will consider investing in overleveraged, illiquid or insolvent companies. In addition to investing in smaller businesses, Colchester also provides financial/m&a advisory services. Colchester Capital was formed in 2003 and is based in Summit, New Jersey.


DEAL STATS #
Overall 2 of 3
Sector: Software M&A 1 of 1
Type: PIPE M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 American Messaging Services

Lewisville, Texas, United States

American Messaging Services is a provider of critical messaging services. American Messaging Services was founded in 2005 and is based in Lewisville, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Continuum Rehabilitation

Avon, Connecticut, United States

Continuum Rehabilitation is a provider of skilled nursing and home health care services. Continuum Rehabilitation is based in Avon, Connecticut.

Buy -