M&A Deal Summary

GigPeak Acquires Magnum Semiconductor

On April 4, 2016, GigPeak acquired semiconductors company Magnum Semiconductor from Investcorp International for 55M USD

Acquisition Highlights
  • This is GigPeak’s 6th transaction in the Semiconductors sector.
  • This is GigPeak’s largest (disclosed) transaction.
  • This is GigPeak’s 5th transaction in the United States.
  • This is GigPeak’s 4th transaction in California.

M&A Deal Summary

Date 2016-04-04
Target Magnum Semiconductor
Sector Semiconductors
Buyer(s) GigPeak
Sellers(s) Investcorp International
Deal Type Add-on Acquisition
Deal Value 55M USD

Target

Magnum Semiconductor

Milpitas, California, United States
website
Magnum Semiconductor, Inc. is a provider of silicon ICs, SoCs, software and IP for the professional video broadcast and IoT camera markets.

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Buyer(S) 1

Buyer

GigPeak

San Jose, California, United States

website


Category Company
Founded 2007
Sector Semiconductors
Employees92
Revenue 40M USD (2015)
DESCRIPTION

GigPeak, Inc. is a provider of semiconductor components that enable end-to-end information streaming over optical and wireless networks.


DEAL STATS #
Overall 7 of 7
Sector (Semiconductors) 6 of 6
Type (Add-on Acquisition) 6 of 6
State (California) 4 of 4
Country (United States) 5 of 5
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Terasquare

Gangnam-gu, South Korea

Terasquare Co. Ltd. is a semiconductor company and provider of low power, CMOS high speed communication interface semiconductors for 100Gbps Ethernet, Fiber Channel, and EDR Infiniband applications.

Buy $5M

Seller(S) 1

SELLER

Investcorp International

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1982
PE ASSETS 21.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp International, Inc. is a publicly traded global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 76 of 106
Sector (Semiconductors) 4 of 4
Type (Add-on Acquisition) 37 of 47
State (California) 10 of 13
Country (United States) 51 of 62
Year (2016) 3 of 9
Size (of disclosed) 39 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 The Wrench Group

Melissa, Texas, United States

The Wrench Group is a provider of home repair, replacement, and maintenance services specializing in heating, ventilation and air conditioning (HVAC), plumbing, water, and electrical services. The Wrench Group is based in Melissa, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 CSIdentity

Austin, Texas, United States

CSIdentity Corp. is a technology provider to identity theft and fraud protection services to businesses and consumers.

Sell $360M