M&A Deal Summary

Sun Microsystems Acquires Montalvo Systems

On April 21, 2008, Sun Microsystems acquired semiconductors company Montalvo Systems from Adams Street Partners

Acquisition Highlights
  • This is Sun Microsystems’ 2nd transaction in the Semiconductors sector.
  • This is Sun Microsystems’ 32nd transaction in the United States.
  • This is Sun Microsystems’ 18th transaction in California.

M&A Deal Summary

Date 2008-04-21
Target Montalvo Systems
Sector Semiconductors
Buyer(s) Sun Microsystems
Sellers(s) Adams Street Partners
Deal Type Add-on Acquisition

Target

Montalvo Systems

Santa Clara, California, United States
Montalvo Systems, Inc. is a Silicon Valley start-up reportedly working on an asymmetrical, x86 capable processor similar to the Cell microprocessor. The processor was to use high-performance cores for performance-intensive threads, and delegate minor tasks to the simpler cores to save silicon and power.

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Buyer(S) 1

Buyer

Sun Microsystems

Santa Clara, California, United States

Category Company
Sector Technology Hardware
DESCRIPTION

Sun Microsystems, Inc. was a company that sold computers, computer components, computer software, and information technology services and that created the Java programming language, and the Network File System.


DEAL STATS #
Overall 38 of 39
Sector: Semiconductors M&A 2 of 2
Type: Add-on Acquisition M&A Deals 38 of 39
State: California M&A 18 of 18
Country: United States M&A 32 of 32
Year: 2008 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-20 Innotek

Stuttgart, Germany

Innotek GmbH is a provider of open source virtualization software called VirtualBox.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-07 Q-layer NV

Lochristi, Belgium

Q-layer NV is an infrastructure management company that has technology to automate the deployment and management of both public and private clouds.

Buy -

Seller(S) 1

SELLER

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 20 of 101
Sector: Semiconductors M&A 3 of 6
Type: Add-on Acquisition M&A Deals 9 of 54
State: California M&A 9 of 44
Country: United States M&A 19 of 93
Year: 2008 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-15 Danger

Palo Alto, California, United States

Danger is now a part of Microsoft's new Premium Mobile Experiences (PMX) team, a group within the Mobile Communications Business (MCB) of the Entertainment and Devices Division at Microsoft. Danger will continue to build great, intuitive client software for mobile handsets connected to powerful hosted back-end services that fosters rich consumer experiences in communication, media sharing, entertainment and personalization. Having the combined forces of Danger & Microsoft will strengthen our ability to provide innovative mobile experiences to more consumers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-08 Paylocity

Schaumburg, Illinois, United States

Paylocity is a provider of payroll services and human resource software solutions to employees and businesses across America. Paylocity accompanies its clients on the journey to create great workplaces and help people achieve their best through automation, data-driven insights, and engagement. Paylocity was founded in 1997 and is based in Schaumburg, Illinois.

Buy -