Buyout (LBO, MBO, MBI) • Software

Vicente Capital and Farol Asset Management Acquire iBwave Solutions

On October 21, 2013, private equity firms Vicente Capital and Farol Asset Management acquired software company iBwave Solutions

Acquisition Context
  • This is Vicente Capital’s 1st and Farol Asset Management’s 1st transaction in the Software sector.
  • This is Vicente Capital’s 1st and Farol Asset Management’s 1st transaction in Canada.
  • This is Vicente Capital’s 1st and Farol Asset Management’s 1st transaction in Quebec.
Investment Fate
  • iBwave Solutions was sold to a publicly-traded strategic buyer in 2015.

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M&A Deal Summary

Date October 21, 2013
Target iBwave Solutions
Sector Software
Buyer(s) Vicente Capital
Farol Asset Management
Deal Type Buyout (LBO, MBO, MBI)

Target Company

iBwave Solutions

Montreal, Quebec, Canada
iBwave is a provider of design software for in-building wireless solutions for a wide range of customers and system integrators. Its software and professional services are used by more than 600 global leading telecom operators, system integrators, and equipment manufacturers in more than 80 countries worldwide.
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Buyers Overview 2

Buyer

Vicente Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Vicente Capital Partners is a private equity firm focused on growth capital and recapitalizations throughout North America. Vicente looks to invest $10 - $30 million in companies generating sales of $10 - $50 million. The Firm looks to invests in preferred stock or structured equity in companies with enterprise value of $100 million and EBITDA up to $15 million. Vicente consider both control and non-control equity positions. Specific areas of interest include Outsourced services, internet services, telecom services, healthcare services, residential delivery, education/E-learning, aerospace/defense, networking/telecom equipment and environmental products. Vicente Capital Partners was previously known as Kine Hawkes & Co. The Firm was formed in 2007 and is based in Los Angeles, California.


Deal Context for Buyer #
Overall 8 of 10
Sector: Software 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 1
State: Quebec 1 of 1
Country: Canada 1 of 1
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-15 Intellectual Technology

Fort Wayne, Indiana, United States

Intellectual Technology is a provider of both on-demand printing and fulfillment solutions to modernize DMV operations and services. Intellectual Technology was founded in 1989 and is based in Fort Wayne, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-09 Global LT

Troy, Michigan, United States

Global LT is a provider of language training, cultural training, translations, and expatriate destination services that empower individuals to live and work successfully anywhere in the world. Global LT was founded in 1979 and is based in Troy, Michigan.

Buy -
DESCRIPTION

Farol Asset Management is a private equity firm that looks to match institutional investors with direct investment opportunities. The Firm seeks to commit $5 to $30 million per transaction to support a variety of transaction situations and typically works with opportunities brought to it by private equity firms, fund-less sponsors, entrepreneurs and operating executives. Farol Asset Management was formed in 2011 and is headquartered in New York City.


Deal Context for Buyer #
Overall 2 of 23
Sector: Software 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 9
State: Quebec 1 of 1
Country: Canada 1 of 1
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-22 Ecore International

Lancaster, Pennsylvania, United States

Ecore International is a manufacturer of recycled rubber products. Ecore International was founded in 1871 and is based in Lancaster, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-19 Delphon

Hayward, California, United States

Delphon is a provider of materials and services for the shipping, processing and packaging of high-value semiconductor, medical, photonics, telecommunications and military markets. The Company’s material scientists and R&D engineers work collaboratively with their customers to develop customized materials. Delphon was founded in 2004 and is headquartered in Hayward, California, and has additional manufacturing operations in Wilsonville, Oregon.

Buy -