M&A Deal Summary

ZAGG Acquires mophie

On February 2, 2016, ZAGG acquired electrical equipment company mophie from Beringea for 100M USD

Acquisition Highlights
  • This is ZAGG’s 1st transaction in the Electrical Equipment sector.
  • This is ZAGG’s 2nd largest (disclosed) transaction.
  • This is ZAGG’s 2nd transaction in the United States.
  • This is ZAGG’s 1st transaction in Michigan.

M&A Deal Summary

Date 2016-02-02
Target mophie
Sector Electrical Equipment
Buyer(s) ZAGG
Sellers(s) Beringea
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

mophie

Kalamazoo, Michigan, United States
mophie, Inc. is a designer and manufacturer of power and storage solutions for mobile devices. The Company was formed in 2005 and is based in Kalamazoo, Michigan.

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Buyer(S) 1

Buyer

ZAGG

Salt Lake City, Utah, United States

Category Company
Founded 2004
Sector Consumer Products
Employees163
Revenue 522M USD (2019)
DESCRIPTION

ZAGG is a designer, producer and distributor of creative mobile accessory solutions. ZAGG was formed in 2004 and is headquartered in Salt Lake City, Utah.


DEAL STATS #
Overall 2 of 2
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-21 iFrogz

Logan, Utah, United States

iFrogz, Inc. is a designs, manufactures and distribute branded protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices.

Buy $105M

Seller(S) 1

SELLER

Beringea

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.


DEAL STATS #
Overall 9 of 46
Sector: Electrical Equipment M&A 3 of 4
Type: Add-on Acquisition M&A Deals 6 of 30
State: Michigan M&A 5 of 10
Country: United States M&A 6 of 19
Year: 2016 M&A 1 of 6
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-19 Sakti3

Ann Arbor, United States

Sakti3, Inc. is a developer of high performance solid state lithium-ion rechargeable batteries for electric vehicles and portable electronics.

Sell $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Monica Vinader

Norfolk, United Kingdom

Monica Vinader is a provider of ready-to-wear contemporary designer jewelry. Its popular and affordable products are sold in over 70 countries worldwide. Monica Vinader was formed in 2008 and is based in Norfolk, England.

Sell -