M&A Deal Summary

Alerion Capital Group Acquires Apex Microtechnology

On August 22, 2012, private equity firm Alerion Capital Group acquired semiconductors company Apex Microtechnology from Cirrus Logic for 26M USD

Acquisition Highlights
  • This is Alerion Capital Group’s 1st transaction in the Semiconductors sector.
  • This is Alerion Capital Group’s largest (disclosed) transaction.
  • This is Alerion Capital Group’s 4th transaction in the United States.
  • This is Alerion Capital Group’s 1st transaction in Arizona.
Investment Fate
  • Apex Microtechnology was sold to a strategic buyer in 2018.

M&A Deal Summary

Date 2012-08-22
Target Apex Microtechnology
Sector Semiconductors
Buyer(s) Alerion Capital Group
Sellers(s) Cirrus Logic
Deal Type Divestiture
Deal Value 26M USD

Target

Apex Microtechnology

Tucson, Arizona, United States
Apex Microtechnology designs and manufactures high performance monolithic and hybrid analog power integrated circuits that provide off-the-shelf solutions across a wide range of commercial, industrial and military applications.

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Buyer(S) 1

Buyer

Alerion Capital Group

Scottsdale, Arizona, United States

Investor Investor


Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Alerion Capital Group is a private equity group focused on investments in later-stage mid-market tech oriented businesses. Specific areas of interest include technology hardware, software and services, and technology enabled services. Prospective transaction types include recapitalizations, management led buyouts, leveraged buyouts, divestitures, and growth capital financings. The Firm seeks businesses valued between $5 and $50 million with revenues up to $100 million. Alerion prefers opportunities located in the Western US. Alerion Capital Group was established in 2000 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 4 of 8
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 2
Country (United States) 4 of 8
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-20 KIOSK Information Systems

Louisville, Colorado, United States

KIOSK INFORMATION SYSTEMS (KIOSK) has led the industry in design and manufacturing of self-service kiosk terminals since 1993. An exceptionally broad portfolio of standard and custom KIOSK designs is deployed with Fortune 500 clients in virtually all self-service vertical markets. As the undisputed market leader in custom solutions, KIOSK provides proven expertise in design engineering, component integration, and quick-turn manufacturing for even the most sophisticated self-service solutions. ISO 9001:2008 certified processes in engineering, manufacturing, service, and support ensures every solution provides superior field reliability.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-10 VTI Instruments

Irvine, California, United States

VTI Instruments designs, manufactures and distributes modular test and measurement equipment to a worldwide customer-base. Headquartered in Irvine, California, VTI’s instruments are used in the aerospace, defense, medical, pharmaceutical and wireless industries to evaluate the performance of complex products and systems.

Sell $74M

Seller(S) 1

SELLER

Cirrus Logic

Austin, Texas, United States

Category Company
Founded 1984
Sector Semiconductors
Employees1,609
Revenue 1.8B USD (2024)
DESCRIPTION
Cirrus Logic's headquarters in downtown Austin, Texas.
Cirrus Logic's headquarters in downtown Austin, Texas.

Cirrus Logic is a provider of high-precision analog and digital signal processing components for the audio and energy markets. Cirrus Logic was founded in 1984 and is based in Austin, Texas.


DEAL STATS #
Overall 5 of 5
Sector (Semiconductors) 3 of 3
Type (Divestiture) 4 of 4
State (Arizona) 1 of 1
Country (United States) 5 of 5
Year (2012) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-12 Apex Microtechnology

Tucson, Arizona, United States

Apex Microtechnology designs and manufactures high performance monolithic and hybrid analog power integrated circuits that provide off-the-shelf solutions across a wide range of commercial, industrial and military applications.

Buy $42M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Acoustic Technologies

Mesa, Arizona, United States

Acoustic Technologies, Inc., is a provider in embedded firmware voice processing technology, including noise reduction, echo cancellation and voice enhancement.

Buy -