M&A Deal Summary

Tellabs Acquires Advanced Fibre Communications

On May 20, 2004, Tellabs acquired technology hardware company Advanced Fibre Communications from Spring Lake Equity Partners for 1.9B USD

Acquisition Highlights
  • This is Tellabs’ 3rd transaction in the Technology Hardware sector.
  • This is Tellabs’ largest (disclosed) transaction.
  • This is Tellabs’ 3rd transaction in the United States.
  • This is Tellabs’ 1st transaction in California.

M&A Deal Summary
Date 2004-05-20
Target Advanced Fibre Communications
Sector Technology Hardware
Buyer(s) Tellabs
Sellers(s) Spring Lake Equity Partners
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

Advanced Fibre Communications

Petaluma, California, United States
Advanced Fibre Communications, Inc. designs and manufactures worldwide broadband access solutions for the last mile.

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Buyer(S) 1

Buyer

Tellabs

Carrollton, Texas, United States
Category Company
Founded 1974
Sector Technology Hardware
Employees2,525
Revenue 1.0B USD (2012)
DESCRIPTION
Tellabs' corporate headquarters in Naperville, Illinois.
Tellabs' corporate headquarters in Naperville, Illinois.

Tellabs is a supplier of networking solutions that help network operators boost revenue, reduce expenses, and optimize networks. Tellabs serves telecom service providers, independent operating companies, cable companies, enterprises, and governments. Tellabs was formed in 1974 and is based in Carrollton, Texas.

DEAL STATS #
Overall 3 of 4
Sector (Technology Hardware) 3 of 3
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 2
Country (United States) 3 of 4
Year (2004) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-03 Ocular Networks

Reston, Virginia, United States

Ocular Networks, Inc. provides optical-access equipment for high-density voice and data traffic on and off the fiber network.

Buy $355M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-24 WiChorus

Santa Clara, California, United States

WiChorus mobile packet core technology.

Buy $165M

Seller(S) 1

SELLER

Spring Lake Equity Partners

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 2013
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spring Lake Equity Partners is a private venture capital firm focused on later-stage technology company investments. The Firm looks to invest $7 to $15 million in growth-oriented companies with up to $100 million in revenue. Specific areas of interest include software, digital media, mobile, data center infrastructure, healthcare IT, and business/financial services. Spring Lake Equity was formed in 2013 after spinning-off from Tudor Investment Corporation. The Firm is based in Boston, Massachusetts.

DEAL STATS #
Overall 12 of 39
Sector (Technology Hardware) 3 of 4
Type (Add-on Acquisition) 6 of 23
State (California) 5 of 9
Country (United States) 12 of 38
Year (2004) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-10 Cable & Wireless Internet

San Francisco, California, United States

Cable & Wireless Internet, Inc. is a global e-Business Delivery Network using hosting, content delivery, networking and application services to help companies improve their customers' on-line experience by making Web applications run faster and more reliably and scale globally, resulting in more successful e-Business transactions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Integrated Development Enterprise

Concord, Massachusetts, United States

IDe is a provider of Internet-based development chain management (DCM) solutions that allow product companies to overcome inefficiencies in the product development process. IDe is focused exclusively on developing software to manage the business of product development.

Buy -
Mergr

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