M&A Deal Summary

Semtech Acquires Sierra Wireless

On August 2, 2022, Semtech acquired technology hardware company Sierra Wireless from Lion Point Capital for 1.2B USD

Acquisition Highlights
  • This is Semtech’s 1st transaction in the Technology Hardware sector.
  • This is Semtech’s largest (disclosed) transaction.
  • This is Semtech’s 3rd transaction in Canada.
  • This is Semtech’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2022-08-02
Target Sierra Wireless
Sector Technology Hardware
Buyer(s) Semtech
Sellers(s) Lion Point Capital
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) Qatalyst Partners LP
BMO Capital Markets (Financial)
Skadden, Arps, Slate, Meagher & Flom
Blake, Cassels & Graydon LLP (Legal)

Target

Sierra Wireless

Richmond, British Columbia, Canada
website
Sierra Wireless is a provider of machine-to-machine (M2M) devices and cloud services delivering intelligent wireless solutions that simplify the connected world. The company offer original equipment manufacturer (OEM) solutions and enterprise solutions. Sierra Wireless was founded in 1993 and is headquartered in Richmond, Canada.

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Buyer(S) 1

Buyer

Semtech

Camarillo, California, United States

website

Category Company
Founded 1960
Sector Semiconductors
Employees1,439
Revenue 741M USD (2022)
DESCRIPTION
Entrance to Semtech's corporate headquarters in Camarillo, California.
Entrance to Semtech's corporate headquarters in Camarillo, California.

Semtech is a provider of analog and mixed-signal semiconductors for high-end consumer, computing, communications and industrial equipment. Semtech was founded in 1960 and is based in Camarillo, California.

DEAL STATS #
Overall 12 of 12
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 11 of 11
State (British Columbia) 1 of 1
Country (Canada) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Semtech - Discrete Diodes and Assemblies Business

Reynosa, Mexico

Semtech Corp's Discrete Diodes and Assemblies Business provides semiconductor solutions, including Qualified Product List ("QPL") and non-QPL diodes, rectifiers and transient voltage suppression products to aerospace, defense, medical and other high-reliability customers. The business manufactures products designed to operate across a wide range of temperatures, vibrations and other harsh environments.

Sell -

Seller(S) 1

SELLER

Lion Point Capital

website

Category Distressed Investor
Size Small
Type Sector Agnostic
DESCRIPTION

Lion Point Capital is a special situations investment firm that seeks to invest in equity and debt securities of undervalued public and private companies around the world. Lion Point Capital is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-16 Sierra Wireless

Richmond, British Columbia, Canada

Sierra Wireless is a provider of machine-to-machine (M2M) devices and cloud services delivering intelligent wireless solutions that simplify the connected world. The company offer original equipment manufacturer (OEM) solutions and enterprise solutions. Sierra Wireless was founded in 1993 and is headquartered in Richmond, Canada.

Buy -
Mergr

Product

Company

Legal