M&A Deal Summary

TPG Acquires Zilog

On July 22, 1997, private equity firm TPG acquired semiconductors company Zilog from Warburg Pincus for 527M USD

Acquisition Highlights
  • This is TPG’s 1st transaction in the Semiconductors sector.
  • This is TPG’s 86th largest (disclosed) transaction.
  • This is TPG’s 6th transaction in the United States.
  • This is TPG’s 2nd transaction in California.
Investment Fate
  • Zilog was sold to a publicly-traded strategic buyer in 2010 for 63M USD.

M&A Deal Summary

Date 1997-07-22
Target Zilog
Sector Semiconductors
Buyer(s) TPG
Sellers(s) Warburg Pincus
Deal Type Secondary Buyout
Deal Value 527M USD

Target

Zilog

San Jose,, California, United States
ZiLOG operates as a fabless semiconductor supplier of microprocessor and microcontroller semiconductor products. ZiLOG designs, develops, tests and markets a portfolio of semiconductor devices for various applications used in consumer electronics, home appliances, security systems, point-of-sale terminals, personal computer peripherals, personal health and medical products.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 7 of 451
Sector: Semiconductors M&A 1 of 6
Type: Secondary Buyout M&A Deals 1 of 75
State: California M&A 2 of 88
Country: United States M&A 6 of 298
Year: 1997 M&A 3 of 4
Size (of disclosed) 86 of 113
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-21 Magellan Health

Phoenix, Arizona, United States

Magellan Health, Inc. is a provider of managed behavioral healthcare services, radiology benefit management services, and specialty pharmaceutical management services. Magellan Health was formed in 1969 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-01 J. Crew

Lynchburg, Virginia, United States

J.Crew is a nationally recognized multi‐channel retailer of women’s, men’s and children’s apparel, shoes and accessories. J. Crew was formed in 1983 and is based in Lynchburg, Virginia.

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 5 of 265
Sector: Semiconductors M&A 1 of 2
Type: Secondary Buyout M&A Deals 2 of 47
State: California M&A 2 of 26
Country: United States M&A 4 of 150
Year: 1997 M&A 1 of 1
Size (of disclosed) 38 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-01 AsiaInfo Technologies

Beijing, China

AsiaInfo Technologies is a provider of software and IT services to the telecommunications industry. Incorporating advanced technologies like Cloud and Big Data, company software enables telecom operators to gain a competitive edge. AsiaInfo Technologies was founded in 1993 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-01 Argent Group

London, United Kingdom

Argent Group Plc Based in the UK, the Netherlands and New Zealand, these businesses included food preparation and distribution, waste disposal, printing and packaging. On acquisition the companies were renamed Argent.

Buy €88M