M&A Deal Summary

Advantest Acquires R&D Altanova

On October 26, 2021, Advantest acquired semiconductors company R&D Altanova from Riverside Partners

Acquisition Highlights
  • This is Advantest’s 1st transaction in the Semiconductors sector.
  • This is Advantest’s 2nd transaction in the United States.
  • This is Advantest’s 2nd transaction in New Jersey.

M&A Deal Summary

Date 2021-10-26
Target R&D Altanova
Sector Semiconductors
Buyer(s) Advantest
Sellers(s) Riverside Partners
Deal Type Add-on Acquisition

Target

R&D Altanova

South Plainfield, New Jersey, United States
R&D Altanova is a designer and manufacturer of advanced printed circuit boards used to test integrated circuits used in computers, servers, mobile devices, and many other applications. R&D Altanova was founded in 1969 and is based in South Plainfield, New Jersey.

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Buyer(S) 1

Buyer

Advantest

Tokyo, Japan

Category Company
Founded 1954
Sector Test/Measurement Equipment
Employees6,766
Revenue 486.5B JPY (2024)
DESCRIPTION

Advantest is a producer of automatic test equipment (ATE) for the semiconductor industry and a manufacturer of measuring instruments used in the design and production of electronic instruments and systems. Advantest was founded in 1954 and is based in Tokyo, Japan.


DEAL STATS #
Overall 3 of 4
Sector (Semiconductors) 1 of 2
Type (Add-on Acquisition) 3 of 4
State (New Jersey) 2 of 2
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-21 w2bi

Union, New Jersey, United States

w2bi is a provider of automated test software for handsets and other mobile communication devices and associated test service solutions. Founded in 1997, the company has offices in South Plainfield, NJ, USA and Chennai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 CREA

Torino, Italy

CREA is a provider of power semiconductor test equipment. Its products are used to test all kinds of power devices and are utilized by global semiconductor companies around the world. CREA is based in Torino, Italy.

Buy -

Seller(S) 1

SELLER

Riverside Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Riverside Partners is a specialist private equity firm focused on investments in healthcare and technology companies located throughout North America. The Firm has a particular interest in companies that are founder or family owned. Target companies are generally profitable with $3 to $15 million of EBITDA. Specific areas of interest within healthcare include suppliers to biopharmaceutical and medical device companies, medical technology and equipment, medical instrumentation, dental products and services, diagnostics and disposables, and specialized healthcare services. Areas of interest within technology include, analytical instrumentation, semiconductor equipment, industrial communications, wireless components, homeland security, and power generation technology. Transaction situations include partial or complete buyouts, recapitalizations, growth equity, divestitures, take privates, and strategic add-ons. Riverside Partners was formed in 1989 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 30 of 33
Sector (Semiconductors) 2 of 2
Type (Add-on Acquisition) 13 of 15
State (New Jersey) 3 of 3
Country (United States) 30 of 33
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Convergence Networks

Portland, Oregon, United States

Convergence Networks is a Managed IT Service Provider based in Portland, Oregon along with its sister company Luminant Security who provides Managed Cybersecurity Services. It is focused on attracting talented and passionate people who work with their SMB clients as strategic partners to drive results. They offer a full spectrum of solutions covering cybersecurity, strategic planning, end user support, cloud, and hardware. Convergence Networks was founded in 2000 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Sequoia Consulting Group

Encinitas, California, United States

Sequoia Consulting Group is a life sciences consulting group that provides technical operations, quality and scientific operations, business transformation, and program and project management services to biotech, pharma, diagnostic, and medical device companies. Sequoia Consulting Group is based in Encinitas, California.

Buy -