M&A Deal Summary

GigPeak Acquires Magnum Semiconductor

On April 4, 2016, GigPeak acquired semiconductors company Magnum Semiconductor from Investcorp for 55M USD

Acquisition Highlights
  • This is GigPeak’s 6th transaction in the Semiconductors sector.
  • This is GigPeak’s largest (disclosed) transaction.
  • This is GigPeak’s 5th transaction in the United States.
  • This is GigPeak’s 4th transaction in California.

M&A Deal Summary

Date 2016-04-04
Target Magnum Semiconductor
Sector Semiconductors
Buyer(s) GigPeak
Sellers(s) Investcorp
Deal Type Add-on Acquisition
Deal Value 55M USD

Target

Magnum Semiconductor

Milpitas, California, United States
Magnum Semiconductor, Inc. is a provider of silicon ICs, SoCs, software and IP for the professional video broadcast and IoT camera markets.

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Buyer(S) 1

Buyer

GigPeak

San Jose, California, United States

Category Company
Founded 2007
Sector Semiconductors
Employees92
Revenue 40M USD (2015)
DESCRIPTION

GigPeak, Inc. is a provider of semiconductor components that enable end-to-end information streaming over optical and wireless networks.


DEAL STATS #
Overall 7 of 7
Sector (Semiconductors) 6 of 6
Type (Add-on Acquisition) 6 of 6
State (California) 4 of 4
Country (United States) 5 of 5
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Terasquare

Gangnam-gu, South Korea

Terasquare Co. Ltd. is a semiconductor company and provider of low power, CMOS high speed communication interface semiconductors for 100Gbps Ethernet, Fiber Channel, and EDR Infiniband applications.

Buy $5M

Seller(S) 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 76 of 106
Sector (Semiconductors) 4 of 4
Type (Add-on Acquisition) 36 of 46
State (California) 10 of 12
Country (United States) 51 of 62
Year (2016) 3 of 9
Size (of disclosed) 39 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Wrench Group

Marietta, Georgia, United States

Wrench Group is a provider of home repair, replacement, and maintenance services specializing in heating, ventilation and air conditioning (HVAC), plumbing, water, and electrical services. Wrench Group is based in Marietta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 CSIdentity

Austin, Texas, United States

CSIdentity Corp. is a technology provider to identity theft and fraud protection services to businesses and consumers.

Sell $360M