Investment Summary

Integral Capital Partners and Silver Lake Invest In Flex

On March 3, 2003, venture capital firm Integral Capital Partners and private equity firm Silver Lake invested in semiconductors company Flex

Investment Highlights
  • This is Integral Capital Partners’ 3rd and Silver Lake’s 1st transaction in the Semiconductors sector.
  • This is Integral Capital Partners’ 13th and Silver Lake’s 5th transaction in the United States.
  • This is Integral Capital Partners’ 2nd and Silver Lake’s 1st transaction in Texas.

Investment Summary

Date 2003-03-03
Target Flex
Sector Semiconductors
Investor(s) Integral Capital Partners
Silver Lake
Deal Type PIPE

Target

Flex

Austin, Texas, United States
Flextronics facility in Fremont, California.
Flextronics facility in Fremont, California.
Flex is a Sketch-to-Scale™ solutions provider that designs, manufactures and distributes intelligent products for a connected world. Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. Flex was founded in 1969 and is based in Austin, Texas.

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Investor(S) 2

Investor

Integral Capital Partners

Menlo Park, California, United States

Investor


Category Venture Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Integral Capital Partners operates as a group of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries. Within information sciences, Integral focuses on communications-centric computing, real-time computing, and mobility. Within life sciences, Integral targets companies that deal in emerging medical technologies and healthcare information systems. The Firm operates in partnership with the venture capital firm Kleiner Perkins Caufield and Byers, which incubated the Firm in 1991, as well as private equity firm Silver Lake Partners. Integral Capital Partners is based in Menlo Park, California.


DEAL STATS #
Overall 14 of 35
Sector: Semiconductors M&A 3 of 5
Type: PIPE M&A Deals 2 of 3
State: Texas M&A 2 of 3
Country: United States M&A 13 of 34
Year: 2003 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-11 Seagate Technology

Dublin, Ireland

Seagate Technology is a provider of technology and products enabling people to store, access, and manage information. The Company is committed to providing best-in-class products to help people get information when, where and how they want it. Seagate is the world's largest manufacturer of disc drives magnetic discs and read-write heads, an innovator in tape drives, and a leading developer of Business Intelligence software. Seagate Technology was founded in 1978 and is based in Dublin, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-04 Silicon Energy

Alameda, California, United States

Silicon Energy Corp. is a provider of energy management software to reduce energy usage and lower energy costs. This software is used for aggregating "negawatts" or load shedding and for integrating Distributed Generation into the electric grid.

Sell -
Investor

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 6 of 137
Sector: Semiconductors M&A 1 of 6
Type: PIPE M&A Deals 2 of 13
State: Texas M&A 1 of 12
Country: United States M&A 5 of 97
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-11 Seagate Technology

Dublin, Ireland

Seagate Technology is a provider of technology and products enabling people to store, access, and manage information. The Company is committed to providing best-in-class products to help people get information when, where and how they want it. Seagate is the world's largest manufacturer of disc drives magnetic discs and read-write heads, an innovator in tape drives, and a leading developer of Business Intelligence software. Seagate Technology was founded in 1978 and is based in Dublin, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-14 UGS PLM Solutions SL

Dallas, Texas, United States

UGS PLM Solutions, a leader in product data management, collaboration and product design software and services with 42,000 clients and more than 2.8 million seats of technology operating in the market, is the product lifecycle management (PLM) subsidiary of EDS. The company works collaboratively with its clients to create solutions enabling them to transform their process of innovation and thus begin to capture the promise of PLM.

Buy $2.1B