M&A Deal Summary

Coherent Acquires Aegis Lightwave

On July 5, 2011, Coherent acquired electronics company Aegis Lightwave from Alta Partners for 52M USD

Acquisition Highlights
  • This is Coherent’s 1st transaction in the Electronics sector.
  • This is Coherent’s 5th largest (disclosed) transaction.
  • This is Coherent’s 2nd transaction in the United States.
  • This is Coherent’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2011-07-05
Target Aegis Lightwave
Sector Electronics
Buyer(s) Coherent
Sellers(s) Alta Partners
Deal Type Add-on Acquisition
Deal Value 52M USD
Advisor(s) Bowen (Financial)

Target

Aegis Lightwave

Woburn, Massachusetts, United States
Aegis Lightwave is a privately held company that builds cost-effective solutions for intelligent optical networks. Aegis is the first company to deliver low-cost wavelength-monitoring components and modules that are easily manufactured using proven methods from the semiconductor industry.

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Buyer(S) 1

Buyer

Coherent

Saxonburg, Pennsylvania, United States

Category Company
Founded 1971
Sector Test/Measurement Equipment
Employees26,000
Revenue 5.2B USD (2023)
DESCRIPTION

Coherent provides engineered materials and opto-electronic components and is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. Coherent was founded in 1971 and is based in Saxonburg, Pennsylvania.


DEAL STATS #
Overall 4 of 13
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 3 of 11
State (Massachusetts) 1 of 1
Country (United States) 2 of 8
Year (2011) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-07 Max Levy Autograph

Philadelphia, Pennsylvania, United States

Max Levy Autograph, Inc. is a manufacturer of half-tone screens and etched plates for the graphic arts industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 M Cubed

Newtown, Connecticut, United States

M Cubed develops and markets advanced composite products to original equipment manufacturers in semiconductor, display, industrial, and defense markets worldwide.

Buy $71M

Seller(S) 1

SELLER

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 51 of 84
Sector (Electronics) 2 of 2
Type (Add-on Acquisition) 36 of 45
State (Massachusetts) 6 of 7
Country (United States) 44 of 74
Year (2011) 5 of 7
Size (of disclosed) 22 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-28 ChemGenex Pharmaceuticals

Menlo Park, California, United States

ChemGenex Pharmaceuticals is a pharmaceutical development company dedicated to improving the lives of patients by developing personalized therapeutics in the areas of oncology, diabetes and obesity. ChemGenex’s lead compound, Ceflatonin®, is currently in Phase 2/3 clinical trials for chronic myeloid leukemia and Quinamed® is in Phase 2 clinical trials for several solid cancers. ChemGenex's pipeline also includes several pre-clinical stage anti-diabetes lead mole.

Sell $231M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-02 Talphera

San Mateo, California, United States

Talphera is a specialty pharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of acute and breakthrough pain. Talphera was founded in 2005 and is headquartered in Hayward, California.

Sell -