Investment Summary

MPE Partners, J.H. Whitney Capital Partners and Walden Capital Management Invest In Vitesse Semiconductor

On February 16, 1998, private equity firms MPE Partners, J.H. Whitney Capital Partners and Walden Capital Management invested in semiconductors company Vitesse Semiconductor

Investment Highlights
  • This is MPE Partners’ 2nd, J.H. Whitney Capital Partners’ 1st and Walden Capital Management’s 1st transaction in the Semiconductors sector.
  • This is MPE Partners’ 6th, J.H. Whitney Capital Partners’ 1st and Walden Capital Management’s 1st transaction in the United States.
  • This is MPE Partners’ 3rd, J.H. Whitney Capital Partners’ 1st and Walden Capital Management’s 1st transaction in California.
Investment Fate
  • Vitesse Semiconductor was sold to a strategic buyer in 2015 for 389M USD.

Investment Summary

Date 1998-02-16
Target Vitesse Semiconductor
Sector Semiconductors
Investor(s) MPE Partners
J.H. Whitney Capital Partners
Walden Capital Management
Deal Type Venture

Target

Vitesse Semiconductor

Camarillo, California, United States
Vitesse Semiconductor Corp. is a provider of high-performance semiconductors, application software, and integrated turnkey systems solutions for Carrier, Enterprise and Internet of Things (IoT) networks worldwide.

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Investor(S) 3

Investor

MPE Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 3.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MPE Partners is a Midwest based investment firm principally focused private equity investments throughout North America. MPE has a preference for buyouts and recapitalizations of lower middle-market, family and entrepreneur owned businesses. The Firm looks for stand-alone companies operating in the 'high-value' manufacturing or business services sectors. MPE seeks businesses with at least $5 million of EBITDA and valued up to $250 million. MPE Partners is headquartered in Cleveland, Ohio.


DEAL STATS #
Overall 6 of 89
Sector: Semiconductors M&A 2 of 7
Type: Venture M&A Deals 4 of 40
State: California M&A 3 of 26
Country: United States M&A 6 of 86
Year: 1998 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-19 Aptis Communications

Chelmsford, Massachusetts, United States

Aptis Communications, Inc. is a provider of true carrier-class access switches to network service providers, including carriers and Internet service providers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-22 Aptis Communications

Chelmsford, Massachusetts, United States

Aptis Communications, Inc. is a provider of true carrier-class access switches to network service providers, including carriers and Internet service providers.

Sell -
Investor

J.H. Whitney Capital Partners

New Canaan, Connecticut, United States

Category Private Equity Firm
Founded 1946
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

J.H. Whitney Capital Partners is a private equity firm focused on small and middle-market buyouts and recapitalizations of US-based, growth-oriented companies. The Firm targets companies with $50 to $500 million in revenue and looks to invest $20 to $125 million per transaction. Industries of interest include consumer, healthcare, specialty manufacturing, and business services. J.H. Whitney Capital Partners was formed in 1946 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 1 of 23
Sector: Semiconductors M&A 1 of 1
Type: Venture M&A Deals 1 of 1
State: California M&A 1 of 3
Country: United States M&A 1 of 22
Year: 1998 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-01 AZEK

Chicago, Illinois, United States

AZEK is a manufacturer of residential and commercial building products, and is committed to accelerating the use of recyclable materials. AZEK is based in Chicago, Illinois.

Buy -
DESCRIPTION

Walden Capital Management is a private investment group focused on opportunities in the wine and beverage sector. The Firm is based in Miami, Florida.


DEAL STATS #
Overall 1 of 2
Sector: Semiconductors M&A 1 of 1
Type: Venture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 2
Year: 1998 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 Domaine Select Wine & Spirits

New York, New York, United States

Domain Select Wine Estates is a New York-based producer of wines and specialized spirits formed in 1999.

Buy -