M&A Deal Summary

US Technologies Acquires Yazam

On March 28, 2001, US Technologies Corp. acquired financial services company Yazam, Inc. from Apax, TPG Global, The Carlyle Group and Ridgemont Equity Partners for 22M USD

Acquisition Highlights
  • This is US Technologies’ 1st transaction in the Financial Services sector.
  • This is US Technologies’ 1st largest (disclosed) transaction.
  • This is US Technologies’ 1st transaction in the United States.
  • This is US Technologies’ 1st transaction in New York.

M&A Deal Summary

Date 2001-03-28
Target Yazam, Inc.
Sector Financial Services
Buyer(s) US Technologies Corp.
Sellers(s) Apax
TPG Global
The Carlyle Group
Ridgemont Equity Partners
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

Yazam, Inc.

New York, New York, United States
Yazam, Inc. provides investment-banking services, including access to value-added investors, and assistance in strategizing, training, and positioning.

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Buyer(S) 1

Buyer

US Technologies Corp.

Fair Lawn, New Jersey, United States

website


Category Company
Founded 1987
SectorElectrical Equipment
DESCRIPTION

US Technologies is a provider of design/re-design, engineering, reverse engineering, manufacturing, repair, upgrades, and testing of electronics subassemblies for both military and commercial customers worldwide. US Technologies was founded in 1987 and is based in Fair Lawn, New Jersey.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 4

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 3 of 159
Sector (Financial Services) 1 of 3
Type (Add-on Acquisition) 2 of 56
State (New York) 1 of 8
Country (United States) 1 of 60
Year (2001) 1 of 1
Size (of disclosed) 48 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Ascent Healthcare Solutions, Inc.

Phoenix, Arizona, United States

Ascent Healthcare Solutions, Inc. is an independent third-party reprocessor of single-use medical devices in the healthcare industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-01 Red-M Group Ltd

Wooburn Green Bucks, United Kingdom

Red-M Group Ltd is a provider of wireless LAN networking infrastructure and security solutions

Buy -
SELLER

TPG Global

Fort Worth, Texas, United States

Investor Investor Investor Investor

website


Category Asset Manager
Founded 1992
PE ASSETS 96.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 7 of 236
Sector (Financial Services) 1 of 14
Type (Add-on Acquisition) 2 of 85
State (New York) 2 of 5
Country (United States) 6 of 174
Year (2001) 1 of 3
Size (of disclosed) 68 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Verado Holdings, Inc.

Greenwood Village, Colorado, United States

Verado Holdings, Inc. provides outsourced data center, managed services, and Web and application hosting solutions for businesses. Its Data Center services include managed services, dedicated servers, colocation, and professional services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-17 DZS Inc.

Plano, California, United States

DZS designs and manufactures network equipment for telephone companies and cable operators worldwide to deliver a rich array of voice, data, video, and entertainment services. DZS was founded in 1996 and is based in Plano, Texas.

Sell -
SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 84.0B USD
SizeMega
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 STATS #
Overall 9 of 426
Sector (Financial Services) 1 of 30
Type (Add-on Acquisition) 4 of 180
State (New York) 1 of 19
Country (United States) 9 of 241
Year (2001) 2 of 6
Size (of disclosed) 125 of 129
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-26 Align Technology, Inc.

Tempe, Arizona, United States

Align is a medical device company with industry innovative products such as Invisalign clear aligners, iTero Intraoral scanners, and OrthoCAD digital services that help dental professionals achieve the clinical results they expect and deliver effective, cutting-edge dental options to their patients. Align was founded in 1997 and is based in Tempe, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-01 Actelis Networks, Inc.

Fremont, California, United States

Actelis Networks, Inc. is a provider of carrier ethernet over copper solutions. Actelis’ EFM products energize existing copper networks, enabling high-bandwidth broadband services up to 100 Mbps with minimal operational costs.

Buy -
SELLER

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 6.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $250 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 8 of 87
Sector (Financial Services) 2 of 3
Type (Add-on Acquisition) 5 of 35
State (New York) 1 of 2
Country (United States) 8 of 76
Year (2001) 2 of 4
Size (of disclosed) 22 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-08 Wells Fargo Insurance Services USA Inc.

Chicago, Illinois, United States

Wells Fargo Insurance Services USA (WFIS) is an insurance provider. The Business has a variety of product lines and services including Insurance Brokerage and Consulting, Employee Benefits and Property & Casualty, along with Safehold Special Risk, Small Business Insurance, Student Insurance, Individual Health and Private Risk Management Insurance.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-01 SP Pharmaceuticals LLC

Albuquerque, New Mexico, United States

Developer and contract manufacturer of liquid and freeze-dried sterile injectable drugs, focusing primarily on oncology and other difficult-to-handle drugs. BACI provided equity to finance a management buyout from Pharmacia & Upjohn. The company was sold to Cardinal Health in June 2001.

Sell -