M&A Deal Summary

Sprint Acquires US Unwired

On July 11, 2005, Sprint acquired communications company US Unwired from Investcorp for 1.3B USD

Acquisition Highlights
  • This is Sprint’s 3rd transaction in the Communications sector.
  • This is Sprint’s 4th largest (disclosed) transaction.
  • This is Sprint’s 3rd transaction in the United States.
  • This is Sprint’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2005-07-11
Target US Unwired
Sector Communications
Buyer(s) Sprint
Sellers(s) Investcorp
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Evercore Group (Financial)

Target

US Unwired

Lake Charles, Louisiana, United States
US Unwired, Inc. is a provider of wireless telecom services to markets in the US.

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Buyer(S) 1

Buyer

Sprint

Overland Park, Kansas, United States

Category Company
Founded 1899
Sector Communications
Employees36,000
Revenue 33.3B USD (2018)
DESCRIPTION
Building on Sprint's corporate campus in Overland Park, Kansas.
Building on Sprint's corporate campus in Overland Park, Kansas.

Sprint is a provider of wireless and wireline communications services for consumers, businesses and government users. In addition to the Sprint brand, Sprint offers its services through Virgin Mobile USA, Boost Mobile, and Assurance Wireless.


DEAL STATS #
Overall 3 of 13
Sector (Communications) 3 of 12
Type (Add-on Acquisition) 2 of 11
State (Louisiana) 1 of 1
Country (United States) 3 of 13
Year (2005) 1 of 5
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-01 Sprint - Wholesale Dial Internet Access Business

Overland Park, Kansas, United States

Sprint's Wholesale Dial Internet Access Business is a provides dial IP services to its enterprise and small-business customers as part of its remote access service product offering.

Sell $34M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-15 Nextel Communications

Reston, Virginia, United States

Nextel Communications, Inc. is a provider of wireless personal communications and digital dispatch services using enhanced specialized mobile radio technology.

Buy $36.0B

Seller(S) 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 27 of 106
Sector (Communications) 2 of 4
Type (Add-on Acquisition) 14 of 46
State (Louisiana) 1 of 1
Country (United States) 21 of 62
Year (2005) 3 of 3
Size (of disclosed) 4 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Leica Microsystems

Wetzlar, Germany

Leica Microsystems GmbH is a global designer and producer of high- precision optical systems for the analysis of microstructures. It is a market leader in microscopy, pathology diagnostics, surgical microscopes as well as semiconductor wafer defect and inspection solutions and specialized electron-beam lithography systems. The company manufactures a broad range of products for numerous applications that require either microscopic visual presentation, measurement, analysis or electron-beam lithography. Leica Microsystems is represented in over 100 countries with 10 manufacturing facilities located in Europe, China and Singapore, sales and service organizations in 19 countries and an international dealer network. Leica Microsystems GmbH is based in Wetzlar, Germany.

Sell €450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Rubix

London, United Kingdom

Rubix is a pan-European distributor of industrial maintenance, repair, and overhaul products and services. Rubix was founded in 1987 and is based in London, United Kingdom.

Buy -