M&A Deal Summary

Summitview Capital, Hua Capital Management, eTown MemTek and Huaqing Jiye Investment Management Acquire ISSI

On December 7, 2015, private equity firm Summitview Capital, private equity firm Hua Capital Management, eTown MemTek and Huaqing Jiye Investment Management acquired semiconductors company ISSI for 765M USD

Acquisition Highlights
  • This is Summitview Capital’s 1st, Hua Capital Management’s 1st, eTown MemTek’s 1st and Huaqing Jiye Investment Management’s 1st transaction in the Semiconductors sector.
  • This is Summitview Capital’s , Hua Capital Management’s 2nd, eTown MemTek’s and Huaqing Jiye Investment Management’s largest (disclosed) transaction.
  • This is Summitview Capital’s 1st, Hua Capital Management’s 2nd, eTown MemTek’s 1st and Huaqing Jiye Investment Management’s 1st transaction in the United States.
  • This is Summitview Capital’s 1st, Hua Capital Management’s 2nd, eTown MemTek’s 1st and Huaqing Jiye Investment Management’s 1st transaction in California.

M&A Deal Summary
Date 2015-12-07
Target ISSI
Sector Semiconductors
Buyer(s) Summitview Capital
Hua Capital Management
eTown MemTek
Huaqing Jiye Investment Management
Deal Type Going Private
Deal Value 765M USD
Advisor(s) Oppenheimer & Co. (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

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.

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Buyer(S) 4

Buyer

Summitview Capital

Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Summitview Capital is a private investment firm focused on emerging tech companies in China. The Firm targets opportunities in the technology, media, communications, clean tech, and information services sectors. Summitview is based in Shanghai.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 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 2 of 2
Sector (Semiconductors) 1 of 1
Type (Going Private) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2015) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-30 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.

Buy $1.9B
Buyer

eTown MemTek

Beijing,, China
Category Company
Sector Semiconductors
DESCRIPTION

eTown MemTek Ltd is a fabless company based in Beijing dedicated to research and develop advanced memory technology and products.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 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

Huaqing Jiye Investment Management

Beijing, China
Category Company
Sector Financial Services
DESCRIPTION

Huaqig Jiye Investment Management Company Limited an investment company focusing on capital investment management and consulting.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 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
Mergr

Product

Company

Legal