Brightstar - Onex Falcon

Brightstar

This was an opportunistic secondary purchase

Business Description:

Brightstar, Inc. is the world’s largest specialized wireless distributor and a leading global services company, serving mobile device manufacturers, wireless operators and retailers. The Company has a local presence on six continents and operations in 50 countries and territories, and provides solutions such as value added distribution, supply chain solutions, handset protection and insurance, buy-back and trade-in services, and multi-channel retail solutions.

Falcon Solution:

An institutional investor was seeking liquidity for its holdings and Falcon being a current investor in the company, was able to move quickly to execute the transaction.

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Investment Date:

JUN 2012

Transaction Type:

Secondary Purchase

Industry:

Wireless handset distribution & logistics

Sponsor:

Management

Securities:

Convertible senior subordinated notes and convertible preferred stock

Exit Date:

November 2013