M&A Deal Summary

Vodafone UK Acquires Aspective

On December 1, 2006, Vodafone UK acquired information technology company Aspective from Investcorp, Kennet Partners and 3i Private Equity

Acquisition Highlights
  • This is Vodafone UK’s 1st transaction in the Information Technology sector.
  • This is Vodafone UK’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2006-12-01
Target Aspective
Sector Information Technology
Buyer(s) Vodafone UK
Sellers(s) Investcorp
Kennet Partners
3i Private Equity
Deal Type Add-on Acquisition

Target

Aspective

Staines, United Kingdom
Aspective’s unique expertise in mobilizing enterprise applications makes it a strong fit for Vodafone’s recently announced strategy to offer seamless mobility solutions to its customers.

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Buyer(S) 1

Buyer

Vodafone UK

Newbury, United Kingdom

Category Company
Sector Communications
DESCRIPTION

Vodafone UK has 16.2 million customers and is part of the world’s leading international mobile telecommunications Group, offering a wide range of voice and data communications.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 3

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 36 of 111
Sector: Information Technology M&A 2 of 11
Type: Add-on Acquisition M&A Deals 19 of 49
Country: United Kingdom M&A 3 of 14
Year: 2006 M&A 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-30 Helly Hansen

Oslo, Norway

Helly Hansen develops professional-grade apparel that helps people stay and feel alive. Within its core categories of sailing, skiing, mountain, urban, rainwear, and workwear, Helly Hansen designs and delivers products used by professionals and outdoor enthusiasts around the world. Helly Hansen was formed in 1877 and is headquartered in Oslo, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-07 Greatwide Logistics Services

Dallas, Texas, United States

Greatwide Logistics Services is a privately held third-party logistics provider serving the United States and Canada. Greatwide offers an integrated service platform to customers including managed transportation services, dedicated, full-service brokerage, warehouse-based logistics and irregular route truckload. Greatwide is the largest provider of dedicated refrigerated transportation in the United States. The company ranks 11th among Transport Topics’ Top 50 Logistics Providers, is a Food Logistics Top 70 3PL Provider and an Inbound Logistics Top 100 Motor Carrier.

Buy $730M
SELLER

Kennet Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1997
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kennet Partners is a private investment firm that invests in fast-growing companies providing information technology products and technology-enabled services. Kennet typically commits $10 to $50 million of equity per transaction in companies with revenues up to $50 million. The Firm generally invests in businesses located in Western Europe and the US. In addition to providing growth capital, Kennet also finances private mergers, shareholder liquidity needs, corporate divestitures or spin-outs, and restructuring situations. Kennet Partners was formed in 1997 and is based in London.


DEAL STATS #
Overall 9 of 41
Sector: Information Technology M&A 1 of 5
Type: Add-on Acquisition M&A Deals 8 of 32
Country: United Kingdom M&A 5 of 14
Year: 2006 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-16 Cramer Systems Group

London, United Kingdom

Cramer Systems is a provider of operations and support systems software (OSS) to the global telecommunications industry.

Sell $375M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 European Telemedicine Clinic S.L.

Barcelona, Spain

European Telemedicine Clinic, S.L. is a provider of reporting services and diagnostic delivery solutions to public service hospitals and local health authorities in Europe.

Buy -
SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 21.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 55 of 196
Sector: Information Technology M&A 4 of 8
Type: Add-on Acquisition M&A Deals 14 of 63
Country: United Kingdom M&A 25 of 63
Year: 2006 M&A 23 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Vetoquinol

Lure, France

Vetoquinol is a veterinary pharmaceutical company. Vetoquinol was founded in 1933 and is based in Lure, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-11 Jung Pumpen & Co. KG

Steinhagen, Germany

Jung Pumpen is the market leader in Germany in the niche segments of submersible wastewater and sewage pumps for the residential and commercial markets.

Sell $227M