M&A Deal Summary

Applied Materials Acquires Advent Solar

On November 5, 2009, Applied Materials acquired semiconductors company Advent Solar from Sun Mountain Capital

Acquisition Highlights
  • This is Applied Materials’ 10th transaction in the Semiconductors sector.
  • This is Applied Materials’ 9th transaction in the United States.
  • This is Applied Materials’ 1st transaction in New Mexico.

M&A Deal Summary
Date 2009-11-05
Target Advent Solar
Sector Semiconductors
Buyer(s) Applied Materials
Sellers(s) Sun Mountain Capital
Deal Type Add-on Acquisition

Target

Advent Solar

Albuquerque, New Mexico, United States
website
Advent Solar, Inc. is a developer of advanced technology for crystalline silicon (c-Si) PVs.

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Buyer(S) 1

Buyer

Applied Materials

Santa Clara, California, United States

website

Category Company
Founded 1967
Sector Semiconductors
Employees33,900
Revenue 25.8B USD (2022)
DESCRIPTION
Applied Materials' corporate headquarters in Santa Clara, California.
Applied Materials' corporate headquarters in Santa Clara, California.

Applied Materials provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries. Applied’s customers include manufacturers of semiconductor wafers and chips, flat panel liquid crystal and other displays, solar PV cells and modules, and other electronic devices. Applied Materials was founded in 1967 and is based in Santa Clara, California.

DEAL STATS #
Overall 16 of 20
Sector (Semiconductors) 10 of 14
Type (Add-on Acquisition) 12 of 16
State (New Mexico) 1 of 1
Country (United States) 9 of 11
Year (2009) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-19 Baccini

Olmi di S.Biagio di C.ta, Italy

Baccini SpA is a supplier of automated metallization and test systems for manufacturing crystalline silicon (c-Si) photovoltaic (PV) cells.

Buy $330M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-17 Semitool

Kalispell, Montana, United States

Semitool's electrochemical plating and wafer-surface preparation equipment and products are used by companies doing business in chip packaging and chip manufacturing.

Buy $364M

Seller(S) 1

SELLER

Sun Mountain Capital

Santa Fe, New Mexico, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Sun Mountain Capital is a provider of fund investment advisory services as well as a direct investor. Sun Mountain's advisory practice develops customized private equity programs for institutional investors while the Firm's direct investment program looks to commit $250k to $10 million of capital for a variety of situations. Sun Mountain looks to be an active/hands-on investor. Sun Mountain Capital was formed in 2006 and is based in Santa Fe, New Mexico.

DEAL STATS #
Overall 1 of 8
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (New Mexico) 1 of 5
Country (United States) 1 of 8
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-27 nanoMR

Albuquerque, New Mexico, United States

nanoMR, Inc. is a diagnostic medical device company currently developing a proprietary system for real time, ultrasensitive detection of diagnostic targets in biological samples that can deliver unprecedented sensitivity and speed-to-detection in a wide variety of clinically relevant diagnostic applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 Comet Solutions

Cincinnati, Ohio, United States

Comet Solutions, Inc. is a provider of software and services that simplify the complex process of engineering product systems.

Buy -
Mergr

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