Goodwin attorneys recently advised private equity firm JMI Equity and its portfolio company Capsule Technologie on the sale of Capsule to Qualcomm Life, Inc., a subsidiary of Qualcomm Incorporated. Terms of the transaction were not disclosed.
Founded in 1997, Capsule Technologie is a global provider of medical device integration and clinical data management solutions with more than 1,930 hospital clients in 38 countries. The company is headquartered in Andover, Mass.
JMI Equity is a growth equity firm focused on investing in software and technology-enabled services companies. Founded in 1992, JMI has invested in more than 120 businesses in its target markets and raised more than $3 billion of committed capital. The company has offices in Baltimore, Md. and La Jolla, Calif.
Qualcomm Incorporated is a world leader in 3G, 4G and next-generation wireless technologies. The company includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. For over 30 years, Qualcomm innovation has driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. The company is based in San Diego, Calif. and is traded on the Nasdaq stock exchange under ticker “QCOM.”
The Goodwin team advising JMI Equity and Capsule included Josh Klatzkin, Amber Dolman, Rick Cocci (corporate), Kelsey Lemaster (Tax), Joel Lehrer (Intellectual Property), Tim Holahan (Labor and Employment) and Scott Webster and James Mattus and Megan Juel (ERISA).
Additional information regarding the companies and the transaction is available in the press release.