M&A Deal Summary

Cirrus Logic Acquires Lion Semiconductor

On July 8, 2021, Cirrus Logic acquired semiconductors company Lion Semiconductor from Atlantic Bridge for 335M USD

Acquisition Highlights
  • This is Cirrus Logic’s 5th transaction in the Semiconductors sector.
  • This is Cirrus Logic’s 2nd largest (disclosed) transaction.
  • This is Cirrus Logic’s 9th transaction in the United States.
  • This is Cirrus Logic’s 3rd transaction in California.

M&A Deal Summary
Date 2021-07-08
Target Lion Semiconductor
Sector Semiconductors
Buyer(s) Cirrus Logic
Sellers(s) Atlantic Bridge
Deal Type Add-on Acquisition
Deal Value 335M USD

Target

Lion Semiconductor

San Francisco, California, United States
website
Lion Semiconductor is a fabless designer of power management ICs (PMICs) for mobile devices. Unlike today's PMICs that require many large PCB inductors, Lion has created a PMIC with zero PCB components and a very small footprint. Lion Semiconductor was founded in 2013 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Cirrus Logic

Austin, Texas, United States

website

Category Company
Founded 1984
Sector Semiconductors
Employees1,591
Revenue 1.8B USD (2022)
DESCRIPTION
Cirrus Logic's headquarters in downtown Austin, Texas.
Cirrus Logic's headquarters in downtown Austin, Texas.

Cirrus Logic is a supplier of high-precision analog and digital signal processing components for the audio and energy markets. Cirrus Logic was founded in 1984 and is based in Austin, Texas.

DEAL STATS #
Overall 11 of 11
Sector (Semiconductors) 5 of 5
Type (Add-on Acquisition) 10 of 10
State (California) 3 of 3
Country (United States) 9 of 9
Year (2021) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-21 Wolfson Microelectronics

Edinburgh, United Kingdom

Wolfson Microelectronics Ltd is a designer and supplier audio solutions for electronics market.

Buy $467M

Seller(S) 1

SELLER

Atlantic Bridge

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2006
PE ASSETS 1.0B EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Atlantic Bridge is a growth capital firm focused on mid-market technology businesses across Europe, the US, Middle East, and China. Specific areas of interest include machine learning, robotics, computer visioning, cloud, IoT and big data. Atlantic Bridge generally prefers 'domain-specific companies' as well as businesses that can benefit from transatlantic opportunities. Atlantic Bridge was formed in 2006 and is based in Dublin.

DEAL STATS #
Overall 19 of 22
Sector (Semiconductors) 6 of 6
Type (Add-on Acquisition) 17 of 20
State (California) 10 of 11
Country (United States) 10 of 12
Year (2021) 3 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 Navitas Semiconductor

Torrance, California, United States

Navitas Semiconductor is a fabless chip company for next-generation power management. Applications include mobile phones, drones, tablets and laptops, Wireless charging, Electric Vehicles, Solar, and Datacentre, enabling smaller size & 10x faster charging times. Navitas Semiconductor was founded in 2013 and is based in Torrance, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 FieldAware

Plano, Texas, United States

FieldAware is a provider of cloud-based, mobile field service management hub, empowering companies to transform their field service with automated processes and streamlined operations. FieldAware is advancing field service with comprehensive solutions including optimized scheduling, dynamic and intelligent forms capture, robust reporting and analytics, AR, and IoT. FieldAware was founded in 2009 and is based in Plano, Texas.

Sell -
Mergr

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