Venture Backed M&A Activity Continues To Increase Amid Lethargic IPO Market

Business Wire, August 14, 2001

Another sector of interest was electronic components, which rebounded after a dismal first quarter. Although only involving four deals, the sector collected $524.79 million, a 26% portion of the total reported value for the quarter. This about-face from the first three months of the year was due to the $400 million acquisition of LightLogic by Intel, the largest deal across all sectors in the second quarter, and the $112 million purchase of Thermacore by Modine Manufacturing.

Generally, however, the big winners this quarter came from the communications sector, where data communications companies closed three of the top five deals. IONA Technologies acquired Netfish Technologies for $269 million, Pathlight Technology was bought for $264 million by Advanced Digital Information, and Kendin Communications was the target of Micrel's $213 million acquisition.

The National Venture Capital Association (NVCA) represents over 400 venture capital and private equity organizations. NVCA's mission is to foster the understanding of the importance of venture capital to the vitality of the U.S. and global economies, to stimulate the flow of equity capital to emerging growth companies by representing the public policy interests of the venture capital and private equity communities at all levels of government, to maintain high professional standards, facilitate networking opportunities and to provide research data and professional development for its members. For more information, visit www.nvca.org.

Venture Economics, a Thomson Financial company, is the foremost information provider for private equity professionals worldwide. Venture Economics offers an unparalleled range of products from directories to conferences, journals, newsletters, research reports, and the VentureXpert (TM) database. For over 35 years, Venture Economics has been tracking the venture capital and buyouts industry. Since 1961, it has been a recognized source for comprehensive analysis of investment activity and performance of the private equity industry. Venture Economics maintains long-standing relationships within the private equity investment community, in-depth industry knowledge and proprietary research techniques. Private equity managers and institutional investors alike consider Venture Economics information to be the industry standard.

Thomson Financial is a US$2 billion provider of e-information services and integrated work solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (TSE: TOC), a leading global e-information and solutions business with annual revenues of more than US$5.8 billion. The Corporation's common shares are listed on the Toronto and London stock exchanges. For more information on Thomson Financial, visit www.thomsonfinancial.com.