M&A Deal Summary

Emulex Acquires Sierra Logic

On August 30, 2006, Emulex acquired semiconductors company Sierra Logic from TPG for 180M USD

Acquisition Highlights
  • This is Emulex’s 1st transaction in the Semiconductors sector.
  • This is Emulex’s largest (disclosed) transaction.
  • This is Emulex’s 2nd transaction in the United States.
  • This is Emulex’s 2nd transaction in California.

M&A Deal Summary
Date 2006-08-30
Target Sierra Logic
Sector Semiconductors
Buyer(s) Emulex
Sellers(s) TPG
Deal Type Add-on Acquisition
Deal Value 180M USD

Target

Sierra Logic

Roseville, California, United States
Sierra Logic, a fabless semiconductor company, provides semiconductors to the enterprise storage market. Its products include chip and firmware solutions, which emulate fiber channel devices using SATA hard disk drives. The company offers silicon storage routers and silicon storage bridges. Sierra Logic was founded in 2001 and is headquartered in Roseville, California.

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Buyer(S) 1

Buyer

Emulex

Costa Mesa, California, United States
Category Company
Founded 1979
Sector Technology Hardware
Employees1,100
Revenue 447M USD (2014)
DESCRIPTION

Emulex Corp. is a provider of fibre channel technology and products. The company's hardware and software-based networking solutions improve communication in computer networks and enhance data flow between computers and peripherals.

DEAL STATS #
Overall 2 of 3
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (California) 2 of 2
Country (United States) 2 of 2
Year (2006) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-19 Emulex Communications

San Jose, California, United States

Aarohi Communications, Inc. is a provider of intelligent data center networking components and software.

Buy $39M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Endace

Auckland, New Zealand

Endace Ltd. is a provider of high-speed, network recording and visibility solutions to monitor and protect some of the most complex networks. Customers include global banks, telcos and service providers, media and broadcast companies, health organizations, retailers, e-commerce and web giants, governments and large enterprises.

Buy -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B 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 38 of 267
Sector (Semiconductors) 2 of 7
Type (Add-on Acquisition) 13 of 94
State (California) 8 of 63
Country (United States) 28 of 193
Year (2006) 9 of 10
Size (of disclosed) 62 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-28 Mylan Laboratories

Secunderabad, India

Mylan Laboratories Limited (Mylan Labs), a subsidiary of U.S.-based Mylan Inc. (Nasdaq: MYL), is one of the world’s largest manufacturers and suppliers of active pharmaceutical ingredients (APIs). Based in Hyderabad, India, Mylan Labs offers more than 150 APIs and intermediates to customers in more than 80 countries across a wide range of therapeutic categories.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-07 ViroBay

Menlo Park, California, United States

Virobay is a semi-virtual company focused on novel treatments for hepatitis C, pain and auto-immune disease.

Buy -
Mergr

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