M&A Deal Summary

Syniverse Acquires Aicent

On August 4, 2014, Syniverse acquired communications company Aicent from TA Associates and Warburg Pincus for 292M USD

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

M&A Deal Summary

Date 2014-08-04
Target Aicent
Sector Communications
Buyer(s) Syniverse
Sellers(s) TA Associates
Warburg Pincus
Deal Type Add-on Acquisition
Deal Value 292M USD

Target

Aicent

San Jose, California, United States
Aicent, Inc. is a provider of data network, messaging and roaming solutions to telecom network operators internationally. The company provides a platform for cross-border and cross-network data delivery solutions to mobile network operators serving more than three billion mobile users worldwide.

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Buyer(S) 1

Buyer

Syniverse

Tampa, Florida, United States

Category Company
Founded 1987
Sector Information Technology
DESCRIPTION

Syniverse is a provider of technology and business solutions for the global telecommunications industry. Syniverse makes mobile work for more than 900 mobile operators, cable and Internet providers, and enterprises in over 160 countries. Syniverse was founded in 1987 and is based in Tampa, Florida.


DEAL STATS #
Overall 2 of 2
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-03 MACH

Contern, Luxembourg

MACH is a hub-based mobile communications exchange. MACH solutions shorten providers' time to market for new mobile applications, optimize service delivery to the mobile end-user, and accelerate the settlement of inter-operator financial liabilities. MACH enables the efficient flow of mobile traffic, of service validation, delivery and billing information, and of settlement transactions.

Buy €550M

Seller(S) 2

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 175 of 255
Sector (Communications) 15 of 15
Type (Add-on Acquisition) 100 of 130
State (California) 26 of 30
Country (United States) 157 of 206
Year (2014) 6 of 10
Size (of disclosed) 40 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-29 Truck Hero

Ann Arbor, Michigan, United States

Truck Hero is a designer, manufacturer and marketer of branded consumer accessories for pickup trucks. The company operates as the holding company for several market leading brands including Advantage, BAK, Extang, Retrax, TruXedo and UnderCover. Truck Hero also produces truck bed liners under the BedRug brand. Truck Hero was founded in 2007 and is based in Ann Arbor, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-11 Answers

New York, New York, United States

Answers Corp. is an operator of online Q&A site that is a community-generated social knowledge Q&A platform, leveraging wiki-based technologies. Through the contributions of its large and growing community, answers are improved and updated over time. Answers was founded in 1999 and is based in New York City.

Sell -
SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 105 of 251
Sector (Communications) 5 of 11
Type (Add-on Acquisition) 40 of 90
State (California) 14 of 27
Country (United States) 70 of 137
Year (2014) 6 of 9
Size (of disclosed) 49 of 63
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 Zenith Energy

Houston, Texas, United States

Zenith Energy is a midstream company that owns and operates over 32 million barrels of renewable fuels, crude oil, petroleum products, chemicals, and vegetable oil storage across North American, Europe, and Latin America through its subsidiaries Zenith International and Zenith U.S. Zenith Energy was founded in 2014 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-06 Archimedes Pharma

Reading, United Kingdom

Archimedes is a pharmaceutical company with an established commercial organisation in the UK, France, Germany, Ireland and Spain.

Sell £230M