Valulation Questions
Welcome Jonathan Loane, Johnson & Johnson Development Cu
ent Tracking Code: NONE
CONTACT INFORMATION:
COMPANY OVERVIEW:
FINANCING STATUS:
INVESTORS:
* = Lead Investor
FINANCINGS TO DATE:
EXECUTIVES AND BOARDMEMBERS:
Qtera
www.qtera.com Last Update: October 2009
6413 Congress Avenue Phone: XXXXXXXXXX
Suite 250 Fax: XXXXXXXXXX
Boca Raton FL 33487 United States
Business Brief: Developers of fiberoptic systems for telecommunication service providers
Founded: 9/1997 Status: Acquired/Merged
Employees: 75 Stage: Product Development
Previous Name: NextNet Technologies
Industry Codes / Industry SubCodes:
Fiberoptic Equipment & Photonics
Description: As of 2/00 The company was acquired by Nortel Networks (NYSE: NT) on January 28, 2000 for
approximately $3.004B in Nortel Networks stock.
Investment Firm Participating Round #(s)
Battery Ventures 1*, 2
CommVest, LLC 2
Individual Investors 1
Mayfield Fund 2*
Nortel Network 4
Oak Investment Partners 2
VantagePoint Venture Partners 2
Round Round Type Date Amount Raised (MM)
Post
Valuation (MM) Company Stage
Round
Detail
1 1st 15-Oct-98 $ 6.00 $ 11.00 Product Development
2 2nd 31-Mar-99 $ 25.10 $ 68.21 Product Development
3 Debt 31-Mar-99 $ 6.90 N/A Product Development
4 ACQ 28-Jan-00 N/A $ XXXXXXXXXXProduct Development
Cu
ent Executives and Boardmembers
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5/23/2010
BUSINESS INFORMATION:
OUTSIDE PROFESSIONALS:
*** END OF REPORT -- Qtera ***
© Copyright 2010 Dow Jones & Company. All Rights Reserved.
Name Title Background Contact
Xiang-Dong Cao Chief Scientist Engineer, Siemens XXXXXXXXXX
Todd Brooks Board Member, Institutional Investor General Partner, Mayfield Fund XXXXXXXXXX
Todd Dagres Board Member, Institutional Investor General Partner, Battery Ventures
Morgan Jones Board Member, Institutional Investor General Partner, Battery Ventures XXXXXXXXXX
XXXXXXXXXX
Former Executives and Boardmembers
Name Title Background Contact
Fahri Diner Former President & CEO Engineer, Siemens
XXXXXXXXXX
Overview: Developers of fiberoptic systems for telecommunication service providers.
Auditor KPMG
General Business Banking Silicon Valley East
General Counsel Mo
is Manning & Martin
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5/23/2010
For help on VentureSource, email Client Services at XXXXXXXXXX.
Or call XXXXXXXXXXor XXXXXXXXXXUS) or XXXXXXXXXX9855 (Europe-Israel).
© Copyright 2010 Dow Jones & Company. All Rights Reserved.
Unauthorized Reproduction or Distribution Prohibited. Privacy Statement
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5/23/2010
M&A Tearsheet
Deal Synopsis and Purpose
Nortel Networks Corp to acquire Qtera Corp for 3,250.0 million
12/15/1999
US - Nortel Netw orks Corp acquired Qtera Corp, a manufacturer of f iber optic telecommunications equipment, for $3.25 bil.
The consideration consisted of $2. 75 bil in common stock and up to $500 mil in common stock in profit-related payments.
Deal Purpose
No Data Available
Target
Target Name Qtera Corp
Nationality United States
Primary SIC Code 3661
TF Macro Industry Telecommunications
TF Mid Industry Telecommunications Equipment
Public Status Priv.
Ticker -
Listings -
PortFolio Company Name -
SWF Involvment N
Financial Sponsor
Involvement
N
Business Description
Manufacture and w holesale telecommunications
equipment and products, including f iber optic netw orking
equipment
Advisors
Financial Advisors Role Rank Value (USD mil)
Dain Rauscher Wessels Advisory 3,250.0
Legal Advisors Role Rank Value (USD mil)
- - -
Transaction Statistics
Deal Value (USD mil) 3,250.0
Deal Value (EUR mil) 3,238.7
Rank Value (USD mil) 3,250.0
Rank Value (EUR mil) 3,238.7
Ratio of Rank Value to Sales -
Ratio of Rank Value to EBITDA -
Ratio of Rank Value to EBIT -
Ratio of Deal Value (excl
Assumed Liabilities) to Net Income
-
Initial Offer Price (USD) -
Share Price Paid by Acquiror
(USD)
-
Share Price Paid by Acquiror
(EUR)
-
Premium, Pre Bid 1 Day (%) -
1 Week (%) -
4 Weeks (%) -
Acquiro
Acquiror Name Nortel Netw orks Corp
Nationality Canada
Primary SIC Code 3661
TF Macro Industry Telecommunications
TF Mid Industry Telecommunications Equipment
Public Status Public
Ticker NT
Listings TSXVenture
PortFolio Company Name -
SWF Involvment N
Financial Sponsor
Involvement
N
Business Description
Nortel Netw orks Corp, located in Toronto, Ontario,
Canada, manufactures and w holesales netw orking products,
primarily focused on building the infrastructure,
service enabling solutions and applications for the new , high-
performance Internet. The products, services and solutions
are marketed under trademarks NORTEL,
NORTEL NETWORKS, NT, the GLOBEMARK and
SUCCESSION. The company w as founded in 1895.
Advisors
Financial Advisors Role Rank Value (USD
mil)
Credit Suisse First
Boston
Advisory 3,250.0
Legal Advisors Role Rank Value (USD
mil)
Gibson Dunn &
Crutche
Counsel to
Acquiro
3,250.0
Deal Details
Deal Number : XXXXXXXXXX
Related Deal Number -
Status Completed
Date Announced 12/15/1999
Rank Date 12/15/1999
Date Effective 01/29/2000
Deal Attitude Friendly
Consideration Structure Cash and Stock Combination
% Held -
% Sought 100.0
% Acquired 100.0
Cross Border Yes
Acquisition Techniques Not Applicable
Additional Information
Target Details
Target Stock Price on day of announcement -
Target Stock Price one day after announcement -
Equity Value at Announcement Date -
Equity Value at Effective Date -
Enterprise Value at Announcement Date -
Enterprise Value at Effective Date -
Acquiror Details
Acquiror Stock Price on day of announcement -
Acquiror Stock Price one day after announcement -
Forecasted Deal Multiples NTM FY1 FY2
Forecasted Net Sales ($Mil) - - -
Forecasted EBITDA ($Mil) - - -
Forecasted EBIT ($Mil) - - -
Forecasted Pre-Tax Income ($Mil) - - -
Forecasted Net Income ($Mil) - - -
Forecasted EPS ($Mil) - - -
Forecasted Ratios NTM FY1 FY2
Ratio of Transaction Value Excluding Assumed Liabilities to Forecasted Sales - - -
Ratio of Transaction Value to Target Forecasted EBITDA Next Tw elve Months - - -
Ratio of Transaction Value to Forecasted EBIT - - -
Ratio of Transaction Value to Forecasted Net Income - - -
Source : Thomson Reuters Note : Data is continuously updated and is therefore subject to change.
2010 Thomson Reuters. All Rights Reserved.
M&A Tearsheet
Deal Synopsis and Purpose
Nortel Networks Corp to acquire Qtera Corp for 3,250.0 million
12/15/1999
US - Nortel Netw orks Corp acquired Qtera Corp, a manufacturer of f iber optic telecommunications equipment, for $3.25 bil.
The consideration consisted of $2. 75 bil in common stock and up to $500 mil in common stock in profit-related payments.
Deal Purpose
No Data Available
Target
Target Name Qtera Corp
Nationality United States
Primary SIC Code 3661
TF Macro Industry Telecommunications
TF Mid Industry Telecommunications Equipment
Public Status Priv.
Ticker -
Listings -
PortFolio Company Name -
SWF Involvment N
Financial Sponsor
Involvement
N
Business Description
Manufacture and w holesale telecommunications
equipment and products, including f iber optic netw orking
equipment
Advisors
Financial Advisors Role Rank Value (USD mil)
Dain Rauscher Wessels Advisory 3,250.0
Legal Advisors Role Rank Value (USD mil)
- - -
Transaction Statistics
Deal Value (USD mil) 3,250.0
Deal Value (EUR mil) 3,238.7
Rank Value (USD mil) 3,250.0
Rank Value (EUR mil) 3,238.7
Ratio of Rank Value to Sales -
Ratio of Rank Value to EBITDA -
Ratio of Rank Value to EBIT -
Ratio of Deal Value (excl
Assumed Liabilities) to Net Income
-
Initial Offer Price (USD) -
Share Price Paid by Acquiror
(USD)
-
Share Price Paid by Acquiror
(EUR)
-
Premium, Pre Bid 1 Day (%) -
1 Week (%) -
4 Weeks (%) -
Acquiro
Acquiror Name Nortel Netw orks Corp
Nationality Canada
Primary SIC Code 3661
TF Macro Industry Telecommunications
TF Mid Industry Telecommunications Equipment
Public Status Public
Ticker NT
Listings TSXVenture
PortFolio Company Name -
SWF Involvment N
Financial Sponsor
Involvement
N
Business Description
Nortel Netw orks Corp, located in Toronto, Ontario,
Canada, manufactures and w holesales netw orking products,
primarily focused on building the infrastructure,
service enabling solutions and applications for the new , high-
performance Internet. The products, services and solutions
are marketed under trademarks NORTEL,
NORTEL NETWORKS, NT, the GLOBEMARK and
SUCCESSION. The company w as founded in 1895.
Advisors
Financial Advisors Role Rank Value (USD
mil)
Credit Suisse First
Boston
Advisory 3,250.0
Legal Advisors Role Rank Value (USD
mil)
Gibson Dunn &
Crutche
Counsel to
Acquiro
3,250.0
Deal Details
Deal Number : XXXXXXXXXX
Related Deal Number -
Status Completed
Date Announced 12/15/1999
Rank Date 12/15/1999
Date Effective 01/29/2000
Deal Attitude Friendly
Consideration Structure Cash and Stock Combination
% Held -
% Sought 100.0
% Acquired 100.0
Cross Border Yes
Acquisition Techniques Not Applicable
Additional Information
Target Details
Target Stock Price on day of announcement -
Target Stock Price one day after announcement -
Equity Value at Announcement Date -
Equity Value at Effective Date -
Enterprise Value at Announcement Date -
Enterprise Value at Effective Date -
Acquiror Details
Acquiror Stock Price on day of announcement -
Acquiror Stock Price one day after announcement -
Forecasted Deal Multiples NTM FY1 FY2
Forecasted Net Sales ($Mil) - - -
Forecasted EBITDA ($Mil) - - -
Forecasted EBIT ($Mil) - - -
Forecasted Pre-Tax Income ($Mil) - - -
Forecasted Net Income ($Mil) - - -
Forecasted EPS ($Mil) - - -
Forecasted Ratios NTM FY1 FY2
Ratio of Transaction Value Excluding Assumed Liabilities to Forecasted Sales - - -
Ratio of Transaction Value to Target Forecasted EBITDA Next Tw elve Months - - -
Ratio of Transaction Value to Forecasted EBIT - - -
Ratio of Transaction Value to Forecasted Net Income - - -
Source : Thomson Reuters Note : Data is continuously updated and is therefore subject to change.
2010 Thomson Reuters. All Rights Reserved.