M&A Deal Summary

II-VI Acquires Finisar

On November 9, 2018, II-VI, Inc. acquired technology hardware company Finisar Corp. from TPG Global for 3.2B USD

Acquisition Highlights
  • This is II-VI’s 1st transaction in the Technology Hardware sector.
  • This is II-VI’s 1st largest (disclosed) transaction.
  • This is II-VI’s 7th transaction in the United States.
  • This is II-VI’s 1st transaction in California.

M&A Deal Summary

Date 2018-11-09
Target Finisar Corp.
Sector Technology Hardware
Buyer(s) II-VI, Inc.
Sellers(s) TPG Global
Deal Type Add-on Acquisition
Deal Value 3.2B USD
Advisor(s) Barclays Investment Bank (Financial)
O'Melveny & Myers LLP (Legal)

Target

Finisar Corp.

Sunnyvale, California, United States
website
Entrance to Finisar's corporate headquarters in Sunnyvale, California.
Entrance to Finisar's corporate headquarters in Sunnyvale, California.
Finisar Corp. is a communications systems company that specializes in components, subsystems, network products, and instrumentation for high-speed fiber optic data transmission. Finisar Corp. was formed in 1987 and is based in Sunnyvale, California.

Search 159,551 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

II-VI, Inc.

Saxonburg, Pennsylvania, United States

website


Category Company
Founded 1971
SectorTest/Measurement Equipment
Employees22,969
Revenue 2.4B USD (2020)
DESCRIPTION

II-VI engages in engineered materials and opto-electronic components is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. II-VI was founded in 1971 and is based in Saxonburg, Pennsylvania.


DEAL STATS #
Overall 11 of 13
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 9 of 11
State (California) 1 of 2
Country (United States) 7 of 8
Year (2018) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-19 Integrated Photonics, Inc.

Hillsborough, New Jersey, United States

Integrated Photonics is an engineered magneto-optic materials that enable high-performance directional components such as optical isolators for the optical communications market. Integrated Photonics was founded in 2000 and is based in Hillsborough, New Jersey.

Buy $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-12 Ascatron AB

Stockholm, Sweden

Ascatron AB provides silicon carbide (SiC) epitaxial wafers and devices that enable a wide range of high-voltage power electronics applications. Ascatron is led by a team of experts in wide-bandgap materials with more than 200 person-years in the SiC and semiconductor industry, bringing world-class competence to SiC development and production processes. Ascatron is based in Stockholm, Sweden.

Buy -

Seller(S) 1

SELLER

TPG Global

Fort Worth, Texas, United States

Investor Investor Investor Investor

website


Category Asset Manager
Founded 1992
PE ASSETS 96.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 186 of 232
Sector (Technology Hardware) 6 of 6
Type (Add-on Acquisition) 70 of 82
State (California) 47 of 59
Country (United States) 134 of 170
Year (2018) 19 of 21
Size (of disclosed) 16 of 66
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 ViroBay, Inc.

Menlo Park, California, United States

Virobay is a semi-virtual company focused on novel treatments for hepatitis C, pain and auto-immune disease.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 Q-Centrix LLC

Chicago, Illinois, United States

Q-Centrix is a provider of outsourced quality data management solutions for hospitals and healthcare providers. Q-Centrix was founded in 2011 and is based in Chicago, Illinois.

Buy -