M&A Deal Summary

Trustar Capital, Goldstone Investment and Hua Capital Management Acquire OmniVision

On April 30, 2015, private equity firms Trustar Capital, Goldstone Investment and Hua Capital Management acquired technology hardware company OmniVision for 1.9B USD

Acquisition Highlights
  • This is Trustar Capital’s 1st, Goldstone Investment’s 1st and Hua Capital Management’s 1st transaction in the Technology Hardware sector.
  • This is Trustar Capital’s 2nd, Goldstone Investment’s and Hua Capital Management’s largest (disclosed) transaction.
  • This is Trustar Capital’s 9th, Goldstone Investment’s 1st and Hua Capital Management’s 1st transaction in the United States.
  • This is Trustar Capital’s 2nd, Goldstone Investment’s 1st and Hua Capital Management’s 1st transaction in California.

M&A Deal Summary
Date 2015-04-30
Target OmniVision
Sector Technology Hardware
Buyer(s) Trustar Capital
Goldstone Investment
Hua Capital Management
Deal Type Going Private
Deal Value 1.9B USD
Advisor(s) J.P. Morgan Securities (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

OmniVision

Santa Clara, California, United States
OmniVision Technologies is a developer of advanced digital imaging solutions. Its CMOS imaging technology enables superior image quality in many of today's consumer and commercial applications, including mobile phones, notebooks, netbooks and webcams, security and surveillance, entertainment, digital still and video cameras, automotive and medical imaging systems. OmniVision was founded in 1995 and is based in Santa Clara, California.

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Buyer(S) 3

Buyer

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.

DEAL STATS #
Overall 26 of 52
Sector (Technology Hardware) 1 of 1
Type (Going Private) 4 of 4
State (California) 2 of 2
Country (United States) 9 of 10
Year (2015) 1 of 3
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 Narumi

Nagoya, Japan

Narumi Corp. is a Japanese manufacturers of tableware products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 Mark Styler

Shibuya, Japan

Mark Styler designs, develops and does retailing of women’s apparels under various brands including MERCURYDUO, EMODA, dazzlin, MURUA and Ungrid. Mark Styler was founded in 2005 and is based in Shibuya, Japan.

Buy -
Buyer

Goldstone Investment

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Goldstone Investment is the private investment fund management subsidiary of Citic Securities Co.Ltd. Goldstone's strategy is to provide long-term growth capital finance to support businesses with credible track records and proven business models and attractive capital market values. The Firm typically invests in unlisted companies as a meaningful minority financial investor, and helps companies exit via IPO. Goldstone Investment was established in 2007 and is headquartered in Beijing.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Going Private) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
Buyer

Hua Capital Management

Investor

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Hua Capital Management Ltd. is a private investment firm focused on the semiconductor industry and related ecosystem. The Firm was established in 2014 and is headquartered in Beijing, China.

DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 1
Type (Going Private) 1 of 2
State (California) 1 of 2
Country (United States) 1 of 2
Year (2015) 1 of 2
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 ISSI

Milpitas, California, United States

ISSI is a fabless semiconductor company that designs and markets high-performance integrated circuits for digital consumer electronics, networking, mobile communications, automotive electronics, and industrial, medical, and military. ISSI was founded in 1988 and is based in Milpitas, California.

Buy $765M
Mergr

Product

Company

Legal