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Private Equity
wasserco.com

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Investments

73

Portfolio Exits

30

Funds

3

About Wasserstein & Co.

Wasserstein & Co. is an independent private equity and investment firm, focused on middle-market leveraged buyout investments and related investment activities. They primarily focus on the the following sectors: media, consumer products, water and knowledge networks.

Wasserstein & Co. Headquarter Location

1301 Avenue of the Americas 41st Floor

New York, New York, 10019,

United States

212-702-5600

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Latest Wasserstein & Co. News

HPS Investment, Tennenbaum to buy Globecomm

Aug 10, 2017

Subject: Look at this story on PE HUB HPS Investment, Tennenbaum to buy Globecomm An investor group led by HPS Investment Partners LLC and Tennenbaum Capital Partners LLC have agreed to buy Globecomm Systems Inc. Financial terms weren’t announced. Globecomm, of Hauppauge, New York, is a satellite communications company. Wasserstein & Co acquired Globecomm in 2013 for $340 million. Continue reading on PE HUB writes: An investor group led by HPS Investment Partners LLC and Tennenbaum Capital Partners LLC have agreed to buy Globecomm Systems Inc. Financial terms weren’t announced. Globecomm, of Hauppauge, New York, is a satellite communications company. Wasserstein & Co acquired Globecomm in 2013 for $340 million. PRESS RELEASE HAUPPAUGE, NY–(Marketwired – Aug 9, 2017) –  Globecomm Systems Inc. (“Globecomm” or “the Company”), a leading service provider in designing, integrating, and operating complex communication solutions differentiated by capabilities in satellite and wireless, announced today that an investor group led by HPS Investment Partners, LLC (“HPS”) and funds managed by Tennenbaum Capital Partners, LLC (“TCP”), have entered into a definitive agreement to acquire Globecomm from a New York-based private equity firm. Terms of the transaction were not disclosed. With nearly 400 employees and 200 engineers spanning 17 offices and 10 countries, Globecomm leverages unique innovations, world-class engineering, and global network connectivity to link anyone to anything, wherever in the world their customers’ needs dictate, no matter how remote, hazardous or challenging. Globecomm is dedicated to improving communications and leverages its world class, global teleport and fiber network and data centers to offer end-to-end, managed service communication solutions worldwide, all supported by a 24/7 Network Operations Center. “This transaction positions Globecomm’s business for the future and accelerates our company’s evolution to provide complex communication solutions to the connected world,” said Jason D. Juranek, Chief Executive Officer, of Globecomm. “I am excited about our strong and growing pipeline of opportunities within our core markets, as well as investments we are making in adjacent verticals, to further expand our diversification strategy. In the more than three years that we have partnered with HPS and TCP we’ve successfully delivered against our customer-focused strategy. With this transition, we have taken significant steps to recapitalize and strategically position Globecomm for long-term success. Their collective experience and extensive expertise collaborating with management teams and companies in our industry will further enhance our ability to grow our business and provide our customers with state-of-the art services and solutions. We are eager to work with our new owners that continue to share our passion in the industry in which we operate and are supportive of our long-term future.” The transaction is expected to be completed in the third calendar quarter of 2017, and is subject to customary regulatory approvals. About HPS Investment Partners HPS Investment Partners, LLC (“HPS”) is a leading global investment firm established in 2007. HPS has approximately 100 investment professionals and over 200 total employees, and is headquartered in New York with ten additional offices globally. HPS was originally formed as a unit of Highbridge Capital Management, LLC, a subsidiary of J.P. Morgan Asset Management, and formerly known as Highbridge Principal Strategies, LLC. In March 2016, the principals of HPS acquired the firm from J.P. Morgan, which retained Highbridge’s hedge fund strategies. As of June 2017, HPS had approximately $40 billion of assets under management. About Tennenbaum Capital Partners, LLC Tennenbaum Capital Partners, LLC (“TCP”) is an alternative investment management firm focused on direct lending for middle-market companies. TCP manages funds and accounts on behalf of global institutional investors. Since its founding, TCP has invested more than $18.5 billion in over 500 companies. TCP is headquartered in Los Angeles with additional offices in New York and San Francisco. For more information, please visit:  www.tennenbaumcapital.com  and  www.tcpcapital.com . About Globecomm Systems Inc. Since 1994 Globecomm has provided robust connectivity for Land, Sea and Air transport of video, voice, and data with zero downtime to the most remote locations on Earth — and under the most treacherous conditions. Globecomm’s comprehensive Satellite, Fiber, Cellular, and CDN infrastructure and services are entrusted to provide the smartest solutions for mission-critical RF and IP communications to Government, Maritime, Media, Enterprise, Wireless Mobile and IoT customers in over 100 countries. Along with its award-winning engineering expertise, the company also specializes in system design and integration; end-to-end hosted and managed services; and media infrastructure, video cloud platform, and IPTV services. Headquartered in Hauppauge, NY, Globecomm has locations in Maryland, New Jersey, Virginia, the Netherlands, South Africa, Germany, Singapore, the United Arab Emirates and Afghanistan. www.globecomm.com

Wasserstein & Co. Investments

73 Investments

Wasserstein & Co. has made 73 investments. Their latest investment was in Lionrock as part of their Unattributed on April 4, 2020.

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Wasserstein & Co. Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/7/2020

Unattributed

Lionrock

$7M

Yes

3

6/21/2012

Series D

Access Scientific

$4M

No

6/17/2011

Series C

Access Scientific

$10M

No

11/24/2010

Series B - II

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$99M

Subscribe to see more

0

6/10/2010

Series B

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$99M

Subscribe to see more

0

Date

4/7/2020

6/21/2012

6/17/2011

11/24/2010

6/10/2010

Round

Unattributed

Series D

Series C

Series B - II

Series B

Company

Lionrock

Access Scientific

Access Scientific

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Amount

$7M

$4M

$10M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

3

0

0

Wasserstein & Co. Portfolio Exits

30 Portfolio Exits

Wasserstein & Co. has 30 portfolio exits. Their latest portfolio exit was Salon Media Group on May 15, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/15/2019

Asset Sale

$99M

3

12/12/2018

Acq - Fin

$99M

1

8/9/2017

Acquired

$99M

1

11/7/2012

Acq - Fin

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$99M

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10

9/12/2012

Acquired

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$99M

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10

Date

5/15/2019

12/12/2018

8/9/2017

11/7/2012

9/12/2012

Exit

Asset Sale

Acq - Fin

Acquired

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

1

1

10

10

Wasserstein & Co. Acquisitions

6 Acquisitions

Wasserstein & Co. acquired 6 companies. Their latest acquisition was Globecomm Systems on December 11, 2013.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/11/2013

Series C

$99M

$20.3M

Take Private

2

8/23/2005

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$99M

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0

2/20/2004

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$99M

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0

8/7/2001

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$99M

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0

7/15/1999

Series B

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$99M

$99M

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0

Date

12/11/2013

8/23/2005

2/20/2004

8/7/2001

7/15/1999

Investment Stage

Series C

Series B

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$20.3M

$99M

Note

Take Private

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Sources

2

0

0

0

0

Wasserstein & Co. Fund History

3 Fund Histories

Wasserstein & Co. has 3 funds, including Wasserstein Partners III (Offshore).

Closing Date

Fund

Fund Type

Status

Amount

Sources

Wasserstein Partners III (Offshore)

$182.43M

1

Wasserstein Partners IV

10

Wasserstein Partners III

$99M

10

Closing Date

Fund

Wasserstein Partners III (Offshore)

Wasserstein Partners IV

Wasserstein Partners III

Fund Type

Status

Amount

$182.43M

$99M

Sources

1

10

10

Wasserstein & Co. Team

6 Team Members

Wasserstein & Co. has 6 team members, including current Chief Executive Officer, Ellis B. Jones.

Name

Work History

Title

Status

Ellis B. Jones

Chief Executive Officer

Current

George L. Majoros

President, Chief Operating Officer

Current

Anup Bagaria

Managing Director

Current

Robert A. Fogelson

Managing Director

Current

Rengarajan Ramesh

Managing Director

Current

Name

Ellis B. Jones

George L. Majoros

Anup Bagaria

Robert A. Fogelson

Rengarajan Ramesh

Work History

Title

Chief Executive Officer

President, Chief Operating Officer

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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