M&A Deal Summary

Lumentum Acquires Oclaro

On March 12, 2018, Lumentum acquired technology hardware company Oclaro from Clarity Partners for 1.8B USD

Acquisition Highlights
  • This is Lumentum’s 1st transaction in the Technology Hardware sector.
  • This is Lumentum’s largest (disclosed) transaction.
  • This is Lumentum’s 1st transaction in the United States.
  • This is Lumentum’s 1st transaction in California.

M&A Deal Summary

Date 2018-03-12
Target Oclaro
Sector Technology Hardware
Buyer(s) Lumentum
Sellers(s) Clarity Partners
Deal Type Add-on Acquisition
Deal Value 1.8B USD
Advisor(s) Jefferies LLC (Financial)
Jones Day (Legal)

Target

Oclaro

San Jose, California, United States
website
Oclaro, Inc. is a provider of optical components, modules and subsystems for the core optical, enterprise and data center, and wireless access markets. Oclaro's solutions are at the heart of the fast optical networks and high-speed interconnects driving the next wave of streaming video, cloud computing, voice over IP and other bandwidth-intensive and high-speed applications.

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Buyer(S) 1

Buyer

Lumentum

San Jose, California, United States

website


Category Company
Founded 2015
SectorElectrical Equipment
Employees5,618
Revenue 1.7B USD (2021)
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 1 of 4
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 2
Country (United States) 1 of 4
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-18 Lumentum Holdings - Datacom Product Line

Milipitas, California, United States

Lumentum Holdings Inc. - Datacom Product Line manufactures lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets.

Sell -

Seller(S) 1

SELLER

Clarity Partners

Sherman Oaks, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 1.0B USD
SizeLarge
Type Sector Focused
DESCRIPTION

Clarity Partners is a specialist private equity firm focused on investments in the communications and media sectors. Specific areas of interest include wireless, wireline and broadband services and applications; communications infrastructure; traditional and emerging media; information technology and business services. Clarity will consider making investments at all stages of company development, including early and late stage venture investing, growth equity financings, leveraged buyouts, and divestitures. Clarity Partners was formed in 2000 and is based in Beverly Hills, California.


DEAL STATS #
Overall 12 of 14
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 6 of 7
State (California) 5 of 7
Country (United States) 11 of 13
Year (2018) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-18 Naylor Association Solutions

McLean, Virginia, United States

Naylor Association Solutions provides a comprehensive set of solutions, including communications strategy, print, and digital communications, full-service event management, advertising, sponsorships, and exhibit sales, career centers, online learning, association management, and member management software. Naylor Association Solutions was established in 1969 and is based in McLean, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 CaseStack

Santa Monica, California, United States

CaseStack, Inc. is a provider of logistics outsourcing services to mid-sized consumer packaged goods companies that sell products to retailers, distributors and other manufacturers.

Sell $225M