Add-on Acquisition • Communications

Terraine Acquires Adesso Systems

On May 8, 2008, Terraine acquired communications company Adesso Systems from The Carlyle Group

Acquisition Context
  • This is Terraine’s 1st transaction in the Communications sector.
  • This is Terraine’s 1st transaction in the United States.
  • This is Terraine’s 1st transaction in Massachusetts.

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M&A Deal Summary

Date May 8, 2008
Target Adesso Systems
Sector Communications
Buyer(s) Terraine
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition

Target Company

Adesso Systems

Waltham, Massachusetts, United States
Adesso Systems, Inc. is the provider of mobile application development platforms for rapid development, deployment and maintenance of mobile enterprise applications.
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Buyer Overview 1

Buyer

Terraine

Raleigh, North Carolina, United States

Category Company
Founded 1991
Sector Business Services
DESCRIPTION

Terraine began business as an environmental consulting firm, performing environmental remediation, assessments, and other services.


Deal Context for Buyer #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Add-on Acquisition 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2008 1 of 1

Seller Profile 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


Deal Context for Seller #
Overall 114 of 490
Sector: Communications 10 of 20
Type: Add-on Acquisition 58 of 203
State: Massachusetts 5 of 8
Country: United States 76 of 261
Year: 2008 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-07 Gemcom Software International

Vancouver, British Columbia, Canada

Gemcom Software International, Inc. is a global supplier of specialized mining productivity solutions.

Buy $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-09 Neochimiki L.V. Lavrentiadis S.A. Industrial and Commercial Company

Athens, Greece

During the period of Carlyle's ownership, Neochimiki L.V. Lavrentiadis S.A. Industrial and Commercial Company was focused both on the distribution of chemical raw materials and the production and distribution of fertilizers and raw materials for the coatings industry.

Buy €749M