M&A Deal Summary

SanDisk Acquires Fusion-io

On July 23, 2014, SanDisk acquired technology hardware company Fusion-io from Mercato Partners for 1.1B USD

Acquisition Highlights
  • This is SanDisk’s 4th transaction in the Technology Hardware sector.
  • This is SanDisk’s 2nd largest (disclosed) transaction.
  • This is SanDisk’s 7th transaction in the United States.
  • This is SanDisk’s 1st transaction in Utah.

M&A Deal Summary
Date 2014-07-23
Target Fusion-io
Sector Technology Hardware
Buyer(s) SanDisk
Sellers(s) Mercato Partners
Deal Type Add-on Acquisition
Deal Value 1.1B USD
Advisor(s) Qatalyst Partners LP (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Fusion-io

Salt Lake City, Utah, United States
website
Fusion-io, is a developer of flash-based PCIe hardware and software solutions that enhance application performance in enterprise and hyperscale datacenters.

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Buyer(S) 1

Buyer

SanDisk

Milpitas, California, United States

website

Category Company
Founded 1988
Sector Technology Hardware
Employees5,459
Revenue 6.6B USD (2014)
DESCRIPTION

SanDisk Corporation is an American multinational corporation that designs, develops and manufactures flash memory storage solutions and software.

DEAL STATS #
Overall 7 of 7
Sector (Technology Hardware) 4 of 4
Type (Add-on Acquisition) 7 of 7
State (Utah) 1 of 1
Country (United States) 7 of 7
Year (2014) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-22 SMART Storage Systems

Newark, California, United States

SMART Storage Systems, Inc. designs, develops, manufactures, and deploys enterprise memory modules and solid-state storage products.

Buy $307M

Seller(S) 1

SELLER

Mercato Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Mercato Partners is a private equity firm focused on later stage growth capital financings. Mercato generally targets minority investments in high growth technology and consumer businesses with $5 to $50 million in annual sales. The Firm looks for profitable, US-based companies where additional capital can help continue expansion opportunities. Mercato Partners is based in Salt Lake City, Utah.

DEAL STATS #
Overall 5 of 12
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 3 of 7
State (Utah) 5 of 10
Country (United States) 5 of 11
Year (2014) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-12 Galileo

Sandy, Utah, United States

Galileo is a payment processing technology company provides payment processing solutions. Galileo was founded in 2000 and is based in Sandy, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-14 Goal Zero

Bluffdale, Utah, United States

Goal Zero Corp. is an innovator of portable solar power systems that power a variety of electronic devices anywhere and at anytime. Providing a perfect blend of portability, power, and ease-of-use, their products feature full solar energy systems – solar panels, power packs and accessories – each designed to work together.

Sell -
Mergr

Product

Company

Legal