M&A Deal Summary

SMART Supply Chain Services Acquires Penguin Computing

On June 11, 2018, SMART Supply Chain Services acquired technology hardware company Penguin Computing from LMS Capital for 85M USD

Acquisition Highlights
  • This is SMART Supply Chain Services’ 1st transaction in the Technology Hardware sector.
  • This is SMART Supply Chain Services’ largest (disclosed) transaction.
  • This is SMART Supply Chain Services’ 1st transaction in the United States.
  • This is SMART Supply Chain Services’ 1st transaction in California.

M&A Deal Summary
Date 2018-06-11
Target Penguin Computing
Sector Technology Hardware
Buyer(s) SMART Supply Chain Services
Sellers(s) LMS Capital
Deal Type Add-on Acquisition
Deal Value 85M USD

Target

Penguin Computing

Fremont, California, United States
website
Penguin Computing, Inc. is a provider of specialty compute and storage solutions targeting applications in Artificial Intelligence (AI), Machine Learning (ML) and High-Performance Computing (HPC) using state-of-the-art, open technologies and advanced industry architectures.

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Buyer(S) 1

Buyer

SMART Supply Chain Services

Newark, California, United States

website

Category Company
Sector Technology Hardware
DESCRIPTION

SMART Supply Chain Services is a provider of specialty memory, storage and hybrid solutions serving the electronics industry with standard and custom products. SMART Supply Chain Services is based in Newark, California.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

LMS Capital

website

Category Private Equity Firm
Founded 1980
Size Large
Type Sector Agnostic
DESCRIPTION

LMS Capital plc is a publicly-traded private equity investment company managed by Gresham House Asset Management (GHAM). The Firm focuses on direct investments in lower middle-market UK-based companies valued less than £50 million. Areas of interest include financial services, information technology, and consumer services. LMS Capital plc is based in London.

DEAL STATS #
Overall 4 of 5
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (California) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 365 ITMS

Reading, United Kingdom

365IT is an IT support and services provider, offering a range of complementary data centre, network, security and cloud services with a particular strength in voice and unified communications and expertise in both Cisco and Microsoft solutions.

Sell £5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Entuity

Marlborough, Massachusetts, United States

Entuity, Inc. is a provider of holistic network management solutions and maximizes the technology investments of the enterprise, delivering ROI after only hours of deployment. Entuity's Eye of the Storm (EYE) offers the only comprehensive network management solution that provides the triple advantage of performance, availability and resource utilization through one sleek interface.

Sell -
Mergr

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