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
- Industry
- Telecommunications
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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