1. Home >
  2. M&A >
  3. >
  4. United States >
  5. California >
  6. Verdane Invests In Meru Networks

Investment Summary

Verdane Invests In Meru Networks

On January 16, 2008, growth capital firm Verdane invested in information technology company Meru Networks

Investment Highlights
  • This is Verdane’s 2nd transaction in the Information Technology sector.
  • This is Verdane’s 2nd transaction in the United States.
  • This is Verdane’s 1st transaction in California.
Investment Fate
  • Meru Networks went public in 2010.
  • Meru Networks was sold to a strategic buyer in 2015 for 44M USD.

Investment Summary
Date 2008-01-16
Target Meru Networks
Sector Information Technology
Investor(s) Verdane
Deal Type Venture

Target

Meru Networks

Sunnyvale, California, United States
Meru Networks, Inc. develops and markets wireless infrastructure solutions.

Search 205,705 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 1

Investor

Verdane

Oslo, Norway

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.

DEAL STATS #
Overall 9 of 84
Sector (Information Technology) 2 of 8
Type (Venture) 7 of 23
State (California) 1 of 2
Country (United States) 2 of 6
Year (2008) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-15 Wireless Maingate AB

Karlskrona, Sweden

Wireless Maingate AB Wireless service provider in the M2M segment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-01 Akerstroms

Björbo, Sweden

Akerstroms is a manufacturer and sales of radio remote control equipment for industrial applications. Akerstroms was formed in 1918 and is based in Bjorbo, Sweden.

Buy -
Mergr

Product

Company

Legal