M&A Deal Summary

II-VI Acquires Finisar

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

Acquisition Highlights
  • This is II-VI’s 1st transaction in the Technology Hardware sector.
  • This is II-VI’s 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
Sector Technology Hardware
Buyer(s) II-VI
Sellers(s) TPG
Deal Type Add-on Acquisition
Deal Value 3.2B USD
Advisor(s) Barclays Investment Bank (Financial)
O'Melveny & Myers (Legal)

Target

Finisar

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.

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Buyer(S) 1

Buyer

II-VI

Saxonburg, Pennsylvania, United States

website

Category Company
Founded 1971
Sector Test/Measurement Equipment
Employees23,658
Revenue 3.3B USD (2022)
DESCRIPTION

Coherent 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. Coherent 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

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

Fort Worth, Texas, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
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 187 of 245
Sector (Technology Hardware) 6 of 6
Type (Add-on Acquisition) 70 of 89
State (California) 46 of 60
Country (United States) 135 of 182
Year (2018) 20 of 22
Size (of disclosed) 17 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 ViroBay

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

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 -
Mergr

Product

Company

Legal