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Headwaters MB Advised Pico Digital on its Sale to H.I.G. Capital

January 2017

Headwaters MB advised Pico Digital ("Pico" or the "Company"), a leading international telecommunications technology company serving radio and television broadcasters, content providers, hospitality, and commercial markets, on its sale to H.I.G. Capital.

Headquartered in San Diego, California, the Company is dedicated to developing best-in-class communication products, systems, and services, including digital and analog headends, and content distribution and processing solutions. Following H.I.G.’s recent acquisitions of ATX and InnoTrans, the partnership with Pico provides H.I.G. the necessary leverage to continue to grow their portfolio companies organically across the telecom and broadband space.

“Through their robust process and exceptional industry knowledge, the team at Headwaters helped us unlock the value in Pico Digital. We greatly benefitted from their level of professionalism in guiding us through the stages of this transaction,” said Ian Lerner, CEO of Pico Digital.

Carlos Shteremberg, President of Pico Digital, added, “The merger with ATX will allow us to accelerate our growth both domestically and internationally. We are very pleased with this outcome for Pico, our customers and vendors.”

Paul Janson, President and COO of Headwaters MB, commented, “The PICO management team is one of the most technically sophisticated that we have ever had the pleasure to represent.  They have done a remarkable job building, diversifying and expanding the business. Their efforts have poised the organization for growth as a portfolio company of HIG Capital.”

Terms of the transaction were not disclosed.

Industry Experience

Technology, Media & Telecom

Lead Professional

Paul Janson

Chief Operating Officer