Koch Equity Development Agrees to Acquire iconectiv from Ericsson and Francisco Partners

August 16, 2024

Koch Equity Development LLC (KED), the investment and acquisition arm of Koch, Inc., has signed an agreement to acquire iconectiv, LLC from Ericsson and affiliates of Francisco Partners. iconectiv will become a wholly-owned independent subsidiary of KED and continue to be managed by its leadership team based in Bridgewater, New Jersey, with regulatory approvals required and a target closing in Q1 2025.

Buyers
Koch Equity Development LLC
Targets
iconectiv, LLC
Sellers
Ericsson, affiliates of Francisco Partners
Platforms
Koch Equity Development LLC
Location
New Jersey, United States
Transaction Type
Buyout

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