M&A Deal Summary

Lumentum Acquires CloudLight

On October 30, 2023, Lumentum acquired semiconductors company CloudLight from ACE Equity Partners for 750M USD

Acquisition Highlights
  • This is Lumentum’s 3rd transaction in the Semiconductors sector.
  • This is Lumentum’s 3rd largest (disclosed) transaction.
  • This is Lumentum’s 1st transaction in China.

M&A Deal Summary
Date 2023-10-30
Target CloudLight
Sector Semiconductors
Buyer(s) Lumentum
Sellers(s) ACE Equity Partners
Deal Type Add-on Acquisition
Deal Value 750M USD
Advisor(s) Morgan Lewis (Legal)

Target

CloudLight

Hong Kong, China
website
CloudLight designs, markets, and manufactures advanced optical modules for datacenter interconnect and optical sensor for automotive applications. CloudLight was founded in 2018 and is based in Hong Kong, China.

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Buyer(S) 1

Buyer

Lumentum

San Jose, California, United States

website

Category Company
Founded 2015
Sector Electrical Equipment
Employees6,815
Revenue 1.7B USD (2022)
DESCRIPTION

Lumentum is a manufacturer of innovative optical and photonic products enabling optical networking and commercial laser customers worldwide. Lumentum's optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum's commercial lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in Milpitas, California with R&D, manufacturing, and sales offices worldwide. Lumentum Holdings was founded in 2015 and is based in San Jose, California.

DEAL STATS #
Overall 5 of 5
Sector (Semiconductors) 3 of 3
Type (Add-on Acquisition) 3 of 3
Country (China) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-15 IPG Photonics - Telecom Transmission Product Lines

Oxford, Massachusetts, United States

IPG Photonics' Telecom Transmission Product Lines provides transceiver product lines and ASIC.

Buy -

Seller(S) 1

SELLER

ACE Equity Partners

Investor

website

Category Private Equity Firm
Founded 2017
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ACE Equity Partners is a private equity firm focused on buyout and growth capital investments in industrial technology and advanced manufacturing companies.The Firm seeks control positions in partnership with founders as well as corporate carve-out situations. Specific areas of interest include business services, electrical equipment, technology hardware, IT, semiconductors, and software. ACE Equity Partners was established in 2017 and is based in Seoul, South Korea.

DEAL STATS #
Overall 2 of 3
Sector (Semiconductors) 2 of 2
Type (Add-on Acquisition) 1 of 2
Country (China) 1 of 1
Year (2023) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 WeZON

Seoul, South Korea

WeZON provides IT solutions and consulting services in the fields of DT consulting, quality / test management, production / facility, safety / environment to domestic and foreign device industries, manufacturers, research institutes and public institutions. WeZON was founded in 1998 and is based in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Routejade

Nonsan-si, South Korea

Routejade is providing lithium-ion batteries based on our patented encapsulation technology. Routejade was founded in 2000 and is based in Nonsan-si, South Korea.

Sell -
Mergr

Product

Company

Legal