Houlihan Lokey is pleased to announce the sale of Thinklogical, a portfolio company of Boston-based private equity firm Riverside Partners LLC, to Belden Inc. for $160 million. Houlihan Lokey served as the exclusive financial advisor to Thinklogical. The sale of Thinklogical, which was previously announced on May 4, 2017, was completed on May 31, 2017, following receipt of all regulatory approvals.
Thinklogical is the leading global manufacturer of secure, high-performance KVM signal extension and switching systems for video-rich, mission-critical applications. The company invented and pioneered the use of large-scale KVM switching systems and offers the only large-scale fiber switching and extension solution with EAL4 and TEMPEST accreditations. Thinklogical’s products are used for real-time enterprise video management across a variety of global end markets, including military, intelligence, command and control, post-production, and broadcast. The company operates from its headquarters in Milford, Connecticut.
Founded in 1989, Riverside Partners is a middle-market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies in the technology and healthcare sectors. Riverside Partners is particularly experienced at partnering with founders, owners, and management teams, and it brings substantial domain expertise and operating experience to its portfolio companies. Riverside Partners seeks to make investments in companies with revenues between $20 and $200 million and $5–25 million of EBITDA.
St. Louis-based Belden delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial, enterprise, and broadcast markets. With innovative solutions targeted at the reliable and secure transmission of the rapidly growing amounts of data, audio, and video needed for today's applications, Belden is at the center of the global transformation to a connected world. Founded in 1902, the company has manufacturing capabilities in North and South America, Europe, and Asia.
Houlihan Lokey's Aerospace•Defense•Government (ADG) Group is the leading M&A advisor to aerospace, defense, government services, and homeland security companies and differentiates its advisory approach by proactively working with other Houlihan Lokey industry groups, as appropriate, to bring creative transaction solutions. Since 2015, Houlihan Lokey's ADG Group has closed more than 35 transactions totaling over $10 billion in combined enterprise value. With a staff of approximately 30 investment bankers in Washington, D.C., London, and Los Angeles, Houlihan Lokey's ADG Group is among the largest dedicated industry banking groups worldwide. Using Houlihan Lokey's "one firm" approach, ADG proactively involved Houlihan Lokey's Technology•Media•Telecom Group (TMT) to successfully access a nondefense acquirer.