Deal Details
Sale to 3M Company
Summary
Baird served as the exclusive financial advisor to Attenti Holdings S.A.
About
Attenti Holdings S.A. (“Attenti” or the “Company”), a portfolio company of Francisco Partners, recently completed its sale to 3M Company (“3M”) (NYSE:MMM) for $230 million in cash.Headquartered in Tel Aviv, Israel, Attenti is a leading global provider of electronic people-monitoring technologies, offering a total solution of hardware, software and supporting technical services for the global offender monitoring market. The Company provides a full spectrum of electronic people-monitoring technologies, including GPS, RF, alcohol and voice verification monitoring and tracking solutions, which allow national and regional corrections agencies to wirelessly monitor people awaiting trial, on probation or parole, as well as other groups such as sex offenders and those committing domestic violence. In addition, Attenti has successfully adapted its technology to address the elderly care monitoring market.
Francisco Partners is one of the world's largest technology-focused private equity funds with approximately $7.0 billion of committed capital and offices in San Francisco and London. Francisco Partners targets majority and minority investments in private companies, public companies, and divisions of public companies, with transaction values ranging from $30 million to $2.0 billion and has invested in excess of $4.0 billion of equity capital in over 50 technology companies.
3M, headquartered in St. Paul, Minnesota, USA, is a recognized leader in research and development, producing thousands of innovative products for dozens of diverse markets. With $23 billion in sales, 3M employs 75,000 people worldwide and has operations in more than 65 countries.
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- Date
- October 2010
- Company
- Attenti Holdings S.A.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- Europe
- Acquiror Geography
- North America
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