M&A Deal Summary |
|
|---|---|
| Date | 2013-12-11 |
| Target | Network Instruments |
| Sector | Technology Hardware |
| Buyer(s) | VIAVI |
| Sellers(s) |
Thoma Bravo
Avante Capital Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 200M USD |
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| Category | Company |
|---|---|
| Founded | 1923 |
| Sector | Technology Hardware |
| Employees | 3,600 |
| Revenue | 1.1B USD (2023) |
VIAVI specializes in the design and manufacture of products for optical communications networks, communications test and measurement equipment, lasers, and optical solutions. The Company was originally known as JDS Uniphase Corp. and became VIAVI in 2015. Viavi was founded in 1923 and is based in Chandler, Arizona.
| DEAL STATS | # |
|---|---|
| Overall | 31 of 34 |
| Sector (Technology Hardware) | 17 of 17 |
| Type (Add-on Acquisition) | 22 of 24 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 21 of 22 |
| Year (2013) | 2 of 2 |
| Size (of disclosed) | 6 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-03-08 |
Arieso
Newbury, United Kingdom Arieso Ltd. is a provider in location-aware software solutions that enable mobile network operators to boost 2G, 3G and 4G/LTE network performance and enrich the mobile subscriber experience. |
Buy | $85M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-26 |
Time-Bandwidth Products AG
Zurich, Switzerland Time-Bandwidth Products AG is a provider of high-powered and ultrafast lasers for the industrial and scientific markets. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 79 |
| Sector (Technology Hardware) | 1 of 1 |
| Type (Add-on Acquisition) | 10 of 36 |
| State (Minnesota) | 1 of 3 |
| Country (United States) | 18 of 73 |
| Year (2013) | 3 of 4 |
| Size (of disclosed) | 21 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-02 |
Digital Insight
Menlo Park, California, United States Digital Insight, formerly the Financial Services division of Intuit, Inc., helps banks and credit unions grow by offering innovative online and mobile banking solutions that make it easier for consumers and businesses to manage their money. |
Sell | $1.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-17 |
Entrust
Dallas, Texas, United States Entrust secures digital identities and information for consumers, enterprises and governments in more than 2,000 organizations spanning 60 countries. Leveraging a layered security approach to address growing risks, Entrust solutions help secure the most common digital identity and information protection pain points in an organization. These include SSL, authentication, fraud detection, shared data protection and e-mail security. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2009 |
| Size | Small |
| Type | Sector Agnostic |
Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 17 |
| Sector (Technology Hardware) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 5 |
| State (Minnesota) | 1 of 3 |
| Country (United States) | 2 of 17 |
| Year (2013) | 2 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-21 |
K12 Coalition
Eagan, Minnesota, United States K12 Coalition provides online professional development, continuing education, and master’s degree programs for K-12 teachers. K12 Coalition was established with the mission to help teachers advance their classroom skills and careers, while also improving student learning. K12 Coalition was founded in 2002 and is based in Eagan, Minnesota. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-19 |
FoodChain ID
Fairfield, Iowa, United States FoodChain ID is a provider of analytic testing, third-party certification, and consulting services to the agriculture and food industries. The company’s products are used for the testing of food and agricultural products to detect genetically modified organisms (GMOs) and to ensure compliance with national and international government regulations, client and trading partner demands, and consumer information needs. FoodChain ID was founded in 1996 and is based in Fairfield, Iowa. |
Buy | - |
