M&A Deal Summary

ShoreTel Acquires M5 Networks

On March 23, 2012, ShoreTel acquired communications company M5 Networks from Escalate Capital for 146M USD

Acquisition Highlights
  • This is ShoreTel’s 1st transaction in the Communications sector.
  • This is ShoreTel’s largest (disclosed) transaction.
  • This is ShoreTel’s 2nd transaction in the United States.
  • This is ShoreTel’s 1st transaction in New York.

M&A Deal Summary
Date 2012-03-23
Target M5 Networks
Sector Communications
Buyer(s) ShoreTel
Sellers(s) Escalate Capital
Deal Type Add-on Acquisition
Deal Value 146M USD
Advisor(s) Arbor Advisors LLC (Financial)

Target

M5 Networks

New York, New York, United States
M5 Networks, Inc., together with its subsidiaries, provides voice and data communications to business clients primarily in the New York City and Chicago regions. The company offers hosted broadband Voice-Over Internet Protocol phone systems to provide outsourced Private Branch Exchange telecommunications to its clients.

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Buyer(S) 1

Buyer

ShoreTel

Sunnyvale, California, United States
Category Company
Founded 1996
Sector Technology Hardware
Employees1,063
Revenue 360M USD (2016)
DESCRIPTION

ShoreTel, Inc. is a provider of an Internet protocol (IP) unified communications (UC) systems for enterprises in the United States and internationally. The company?s systems are based on its distributed software architecture and switch-based hardware platform that enable multi-site enterprises to be served by a single telecommunications system.

DEAL STATS #
Overall 2 of 3
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 2 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-21 Agito Networks

Santa Clara, California, United States

Agito Networks is a provider of platform-agnostic enterprise mobility solutions. Its product, the RoamAnywhere Mobility Router, is a mobile Unified Communications (UC) product enabling enterprises to extend voice and UC to cell phones. RoamAnywhere is the first and only network appliance that fuses enterprise wireless LANs, carrier cellular networks, IP telephony and location technology to mobilize voice and data applications, while remaining agnostic to customers’ choices of carrier and equipment vendors.

Buy $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Corvisa

Milwaukee, Wisconsin, United States

Corvisa LLC is a provider of cloud-based communications solutions.

Buy $9M

Seller(S) 1

SELLER

Escalate Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 830M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Escalate Capital Partners is a private investment firm focused on providing capital to expansion and late-stage companies. The Firm focuses its investment activity within the technology, life sciences, and service-based industries. Prospective financing solutions include senior, subordinated and mezzanine debt. Escalate's target investment size is $5 to $30 million. Escalate Capital Partners has offices in Menlo Park, California and Austin, Texas.

DEAL STATS #
Overall 11 of 37
Sector (Communications) 3 of 4
Type (Add-on Acquisition) 6 of 24
State (New York) 2 of 5
Country (United States) 11 of 37
Year (2012) 1 of 2
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-20 Achieve Financial Services

Austin, Texas, United States

Achieve Financial Services, LLC offers general-purpose reloadable (GPR) prepaid debit cards and related financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-07 Peregrine Semiconductor

San Diego, California, United States

Peregrine Semiconductor Corp. designs and manufactures high-performance integrated circuits based on its patented commercial Ultra Thin Silicon (UTSi) CMOS process technology.

Sell -
Mergr

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