M&A Deal Summary

Team Telecom Group Acquires Red-M Group

On August 25, 2004, Team Telecom Group acquired information technology company Red-M Group from Apax for 9M USD

Acquisition Highlights
  • This is Team Telecom Group’s 1st transaction in the Information Technology sector.
  • This is Team Telecom Group’s largest (disclosed) transaction.
  • This is Team Telecom Group’s 1st transaction in the United Kingdom.
Investment Fate
  • Red-M Group was divested to a consortium of strategic buyers in 2013.

M&A Deal Summary
Date 2004-08-25
Target Red-M Group
Sector Information Technology
Buyer(s) Team Telecom Group
Sellers(s) Apax
Deal Type Add-on Acquisition
Deal Value 9M USD

Target

Red-M Group

Wooburn Green Bucks, United Kingdom
Red-M Group Ltd is a provider of wireless LAN networking infrastructure and security solutions

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Buyer(S) 1

Buyer

Team Telecom Group

Derby, United Kingdom
Category Company
Founded 2010
Sector Communications
DESCRIPTION

Team Telecom Group Ltd. is a provider of engineering services covering installation, commissioning, 24x7 first line maintenance, network operations and project management to major telecommunications equipment manufacturers and telecommunications network operators.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-08 Red-M Group

Wooburn Green Bucks, United Kingdom

Red-M Group Ltd is a provider of wireless LAN networking infrastructure and security solutions

Sell -

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 8 of 171
Sector (Information Technology) 1 of 17
Type (Add-on Acquisition) 4 of 59
Country (United Kingdom) 3 of 24
Year (2004) 3 of 3
Size (of disclosed) 50 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-23 Aerovance

Berkeley, California, United States

Aerovance is a biopharmaceutical company focused on the development and commercialization of breakthrough therapies for the treatment of respiratory and inflammatory diseases. Aerovance was founded in 2004 and is based in Berkeley, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-27 Truvo

Berchem, Belgium

Truvo (formerly World Directories) publishes directories in Belgium, Holland, Ireland and Portugal.

Buy €2.1B
Mergr

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