M&A Deal Summary

Trustar Capital, Hua Capital Management and Goldstone Investment Acquires OmniVision Technologies

On April 30, 2015, private equity firms Trustar Capital, Hua Capital Management Ltd. and Goldstone Investment Co. Ltd. acquired technology hardware company OmniVision Technologies, Inc. for 1.9B USD

Acquisition Highlights
  • This is Trustar Capital’s 1st, Hua Capital Management’s 1st and Goldstone Investment’s 1st transaction in the Technology Hardware sector.
  • This is Trustar Capital’s 2nd, Hua Capital Management’s 1st and Goldstone Investment’s 1st largest (disclosed) transaction.
  • This is Trustar Capital’s 10th, Hua Capital Management’s 1st and Goldstone Investment’s 1st transaction in the United States.
  • This is Trustar Capital’s 2nd, Hua Capital Management’s 1st and Goldstone Investment’s 1st transaction in California.

M&A Deal Summary

Date 2015-04-30
Target OmniVision Technologies, Inc.
Sector Technology Hardware
Buyer(s) Trustar Capital
Hua Capital Management Ltd.
Goldstone Investment Co. Ltd.
Deal Type Going Private
Deal Value 1.9B USD
Advisor(s) J.P. Morgan Securities LLC (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

OmniVision Technologies, Inc.

Santa Clara, California, United States
website
OmniVision Technologies is a developer of advanced digital imaging solutions. Its CMOS imaging technology enables superior image quality in many of today's consumer and commercial applications, including mobile phones, notebooks, netbooks and webcams, security and surveillance, entertainment, digital still and video cameras, automotive and medical imaging systems.

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Buyer(S) 3

Buyer

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 7.7B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.


DEAL STATS #
Overall 28 of 49
Sector (Technology Hardware) 1 of 1
Type (Going Private) 4 of 4
State (California) 2 of 2
Country (United States) 10 of 11
Year (2015) 1 of 3
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 Narumi Corp.

Nagoya, Japan

Narumi Corp. is a Japanese manufacturers of tableware products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 MARK STYLER Co., Ltd.

Shibuya, Japan

MARK STYLER Co., Ltd. design, development and retailing of women’s apparels under various brands including MERCURYDUO, EMODA, dazzlin, MURUA and Ungrid.

Buy -
Buyer

Hua Capital Management Ltd.

Investor

website


Category Private Equity Firm
Founded 2014
SizeSmall
Type Sector Focused
DESCRIPTION

Hua Capital Management Ltd. is a private investment firm focused on the semiconductor industry and related ecosystem. The Firm was established in 2014 and is headquartered in Beijing, China.


DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 1
Type (Going Private) 1 of 2
State (California) 1 of 2
Country (United States) 1 of 2
Year (2015) 1 of 2
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Integrated Silicon Solution, Inc.

Milpitas, California, United States

Integrated Silicon Solution, Inc. is a fabless semiconductor company that designs and markets high performance integrated circuits for digital consumer electronics, networking, mobile communications, automotive electronics, and industrial, medical, and military.

Buy $765M
Buyer

Goldstone Investment Co. Ltd.

website


Category Private Equity Firm
Founded 2007
SizeSmall
Type Sector Agnostic
DESCRIPTION

Goldstone Investment is the private investment fund management subsidiary of Citic Securities Co.Ltd. Goldstone's strategy is to provide long-term growth capital finance to support businesses with credible track records and proven business models and attractive capital market values. The Firm typically invests in unlisted companies as a meaningful minority financial investor, and helps companies exit via IPO. Goldstone Investment was established in 2007 and is headquartered in Beijing.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Going Private) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1