M&A Deal Summary

KKR Acquires Broadcom - EUC Division

On February 26, 2024, private equity firm KKR acquired technology hardware company Broadcom - EUC Division from Broadcom for 4.0B USD

Acquisition Highlights
  • This is KKR’s 6th transaction in the Technology Hardware sector.
  • This is KKR’s 25th largest (disclosed) transaction.
  • This is KKR’s 187th transaction in the United States.
  • This is KKR’s 40th transaction in California.

M&A Deal Summary

Date 2024-02-26
Target Broadcom - EUC Division
Sector Technology Hardware
Buyer(s) KKR
Sellers(s) Broadcom
Deal Type Divestiture
Deal Value 4.0B USD

Target

Broadcom - EUC Division

San Jose, California, United States
Broadcom’s EUC Division provides a suite of digital workspace solutions that allow organizations to securely deliver and manage applications, desktops and data across any device or platform. The EUC Division is based in San Jose, California.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 425 of 429
Sector (Technology Hardware) 6 of 6
Type (Divestiture) 49 of 49
State (California) 40 of 41
Country (United States) 187 of 189
Year (2024) 1 of 5
Size (of disclosed) 25 of 94
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 Potter Electric

St. Louis, Missouri, United States

Potter Electric is a designer and manufacturer of mission-critical specialty electronic and electromechanical products for the fire safety industry. Potter Electric Signal offers the industry’s largest portfolio of sprinkler monitoring devices in addition to designing and manufacturing fire alarm systems and nitrogen-based corrosion prevention systems. Potter Electric Signal was founded in 1898 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-11 mdf commerce

Longueuil, Quebec, Canada

mdf commerce enables the flow of commerce by providing a broad set of software-as-a-service (SaaS) solutions that optimize and accelerate commercial interactions between buyers and sellers. The company's platforms and services empower businesses around the world, allowing them to generate billions of dollars in transactions on an annual basis. mdf commerce was founded in 1996 and is based in Longueuil, Canada.

Buy CA$255M

Seller(S) 1

SELLER

Broadcom

San Jose, California, United States

website


Category Company
Founded 2018
Sector Semiconductors
Employees20,000
Revenue 33.2B USD (2022)
DESCRIPTION

Broadcom is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Broadcom was founded in 2018 and is based in San Jose, California.


DEAL STATS #
Overall 10 of 10
Sector (Technology Hardware) 5 of 5
Type (Divestiture) 10 of 10
State (California) 3 of 3
Country (United States) 6 of 6
Year (2024) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-26 VMware

Palo Alto, California, United States

VMware is a provider of technologies designed to establish secure and reliable IT environments and address a range of complex IT challenges that include cost reduction, operational inefficiencies, access to cloud computing capacity, business continuity and corporate end-user computing device management. VMware's solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically, securely and reliably to applications as needed. These internal computing infrastructures can be dynamically extended by customers to the public cloud environment. VMware was formed in 1998 and is based in Palo Alto, California.

Buy $61.0B