M&A Deal Summary

Crescent Cove and Silicon Laboratories Acquire Ember

On July 9, 2012, private equity firm Crescent Cove and Silicon Laboratories acquired semiconductors company Ember from Vulcan Capital for 72M USD

Acquisition Highlights
  • This is Crescent Cove’s 1st and Silicon Laboratories’ 7th transaction in the Semiconductors sector.
  • This is Crescent Cove’s and Silicon Laboratories’ 5th largest (disclosed) transaction.
  • This is Crescent Cove’s 1st and Silicon Laboratories’ 6th transaction in the United States.
  • This is Crescent Cove’s 1st and Silicon Laboratories’ 5th transaction in California.

M&A Deal Summary

Date 2012-07-09
Target Ember
Sector Semiconductors
Buyer(s) Crescent Cove
Silicon Laboratories
Sellers(s) Vulcan Capital
Deal Type Add-on Acquisition
Deal Value 72M USD

Target

Ember

Westlake Village, California, United States
Ember develops wireless mesh networking technology chips, software and tools - for Smart Energy, connected homes, and many other monitoring and control applications enabling greener living and work environments. Ember was founded in 2001 and is based in Westlake Village, California.

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Buyer(S) 2

DESCRIPTION

Crescent Cove is a private equity firm focused on investments in founder-led technology companies. The Firm invests in a variety of industries including business services, information technology, software, and technology hardware. Crescent Cove was founded in 2016 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 1 of 12
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 6
Country (United States) 1 of 12
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-02 Udemy

San Francisco, California, United States

Udemy is an online education learning marketplace where 10 million students are enrolled in 40,000 courses across 190 countries. Udemy was founded in 2010 and is based in San Francisco, California.

Buy -
Buyer

Silicon Laboratories

Austin, Texas, United States

Category Company
Founded 1996
Sector Semiconductors
Employees1,846
Revenue 782M USD (2023)
DESCRIPTION
Silicon Laboratories' corporate headquarters in downtown Austin, Texas.
Silicon Laboratories' corporate headquarters in downtown Austin, Texas.

Silicon Laboratories is a provider of high-performance, analog-intensive, mixed-signal ICs. Silicon Labs’ diverse portfolio of patented semiconductor solutions offers customers advantages in performance, size and power consumption. Silicon Laboratories was founded in 1996 and is based in Austin, Texas.


DEAL STATS #
Overall 8 of 17
Sector (Semiconductors) 7 of 12
Type (Add-on Acquisition) 8 of 15
State (California) 5 of 10
Country (United States) 6 of 12
Year (2012) 1 of 1
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-26 SpectraLinear

Santa Clara, California, United States

SpectraLinear a late-stage private company offering integrated timing solutions. Company operates as a fabless mixed signal integrated circuits company that designs, develops, manufactures, and markets timing circuits for the consumer, computation, and communication markets.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Energy Micro AS

Oslo, Norway

Energy Micro develops and markets microcontroller and radio products based on ARM Cortex-M processor cores.

Buy $170M

Seller(S) 1

SELLER

Vulcan Capital

Seattle, Washington, United States

Investor


Category Family Office
Founded 1986
Size Mega
Type Sector Agnostic
DESCRIPTION

Vulcan Capital is the private investment group of Vulcan Inc., the organization founded by Paul G. Allen to manage his personal and professional endeavors. Vulcan Capital looks to invest at all company stages and will consider opportunities across an array of industries. Sectors of interest include business services, consumer products, distribution and logistics, energy and natural resources, financial services and insurance, healthcare, manufacturing, media, technology, and telecom. The Firm's target investment size is $10 to $100 million. In addition to direct investing, Vulcan Capital also makes fund investments as well as invests in public securities. Vulcan Inc. was formed in 1986 and has offices in Seattle, Washington and Palo Alto, California.


DEAL STATS #
Overall 10 of 29
Sector (Semiconductors) 1 of 3
Type (Add-on Acquisition) 6 of 14
State (California) 6 of 11
Country (United States) 9 of 27
Year (2012) 2 of 2
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-19 Sand 9

Cambridge, Massachusetts, United States

Sand 9 is a technology company offering a precision MEMS technology platform that enhances quality and performance, simplifies system design, and promotes space and power savings in integrated electronic systems, Sand 9's broad patent portfolio has the potential to transform wireless and wired systems in a wide range of market segments: mobile, industrial and communications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 Applied Proteomics

San Diego, California, United States

Applied Proteomics (API) is pioneering the best proteomics platform, a novel discovery approach to protein measurement-based diagnostics. API adopted an industrial approach to combine improved instrumentation, faster computing and extensive genome annotations with regimented standard operating procedures, extensive quality controls, and documented processes spanning hundreds of steps from sample collection to processing through informatics.

Buy -