M&A Deal Summary

Microsemi Acquires PMC-Sierra

On November 24, 2015, Microsemi acquired semiconductors company PMC-Sierra for 2.5B USD

Acquisition Highlights
  • This is Microsemi’s 21st transaction in the Semiconductors sector.
  • This is Microsemi’s largest (disclosed) transaction.
  • This is Microsemi’s 27th transaction in the United States.
  • This is Microsemi’s 13th transaction in California.

M&A Deal Summary
Date 2015-11-24
Target PMC-Sierra
Sector Semiconductors
Buyer(s) Microsemi
Deal Type Add-on Acquisition
Deal Value 2.5B USD
Advisor(s) Qatalyst Partners LP
Needham & Co. LLC (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

PMC-Sierra

Sunnyvale, California, United States
website
PMC-Sierra, Inc. is an Internet infrastructure semiconductor solution provider, offering its customers technical and sales support worldwide through a network of offices in North America, Europe, Israel and Asia. PMC-Sierra provides semiconductor solutions for Enterprise Storage, Wide Area Network Infrastructure, Fiber To The Home, and Laser Printer markets.

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Buyer(S) 1

Buyer

Microsemi

Chandler, Arizona, United States

website

Category Company
Founded 1960
Sector Semiconductors
DESCRIPTION
Entrance to Microsemi's corporate headquarters in Aliso Viejo, California.
Entrance to Microsemi's corporate headquarters in Aliso Viejo, California.

Microsemi offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace, and industrial markets. Microsemi was established in 1960 and is based in Chandler, Arizona.

DEAL STATS #
Overall 31 of 32
Sector (Semiconductors) 21 of 22
Type (Add-on Acquisition) 23 of 23
State (California) 13 of 13
Country (United States) 27 of 28
Year (2015) 3 of 3
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-24 Microsemi Corp - Wireless Access Assets

United States

Microsemi Corp - Wireless Access Assets includes wideband RF transceivers and synthesizers for 3G, 4G, and future 5G cellular base station and remote radio head (RRH) unit platforms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-23 Mercury Systems - Embedded Security RF and Microwave and Custom Microelectronics Businesses

United States

Embedded Security, RF and Microwave, and Custom Microelectronics Businesses is a provider of analog and mixed-signal semiconductor solutions.

Sell $300M
Mergr

Product

Company

Legal