CID Capital Venture Partners, KB Partners and Management has sold Exacq Technologies to Tyco International
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce Exacq Technologies, Inc. (“Exacq”) has been sold to Tyco International Ltd. for $150 million. Exacq was an investment of CID Capital (“CID”), KB Partners (“KB”) and Management.
Exacq is a leading developer of open architecture video management systems (“VMS”) for surveillance and security applications. Exacq’s comprehensive, innovative portfolio includes software-only VMS solutions and integrated systems that meet the varied requirements of a diverse customer base. Exacq’s high quality, flexible and easy-to-use solutions offering have enabled it to establish a best-in-class reputation among a growing number of distributors, integrators and end users.
Lincoln International acted as the exclusive financial advisor to Exacq, CID and KB, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.
Robert O’Brien, Managing Director at CID Capital Venture Partners, commented, “Through its aggressive global marketing effort, access to key decision makers and execution expertise, Lincoln created an outstanding outcome for the Company’s shareholders. Moreover, as a result of Lincoln’s collaborative approach with management, Exacq found an exceptional partner to continue its impressive growth trajectory. This transaction was a fantastic outcome for our fund, as well as the Exacq management team and its employees.”
Dave Underwood, Exacq’s President, added, “Lincoln’s unique insights and deep understanding of our business model, drawn from the firm’s extensive experience in the video surveillance and security space, allowed them to share our story and value proposition in a compelling manner. Tyco provides us with a tremendous growth platform and is the right strategic partner moving forward.”
About CID Capital
CID Capital, Inc. is one of the largest Midwest-based providers of venture and private equity financing to seed stage, growth and mature middle market companies. Since its founding in 1981, CID has raised nine funds, including a mezzanine fund, a seed fund, and a buyout fund, which together comprise over $575 million in capital. CID benefits from 32 years of professional investment experience and the lessons learned in managing more than 133 portfolio companies. With investments in a variety of industries, including information technology, life science, business services, and manufacturing, CID Capital continues to seek visionary entrepreneurs to share our resources and expertise to create enterprises of extraordinary value.
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