Add-on Acquisition • Semiconductors

Integrated Circuit Systems Acquires Micro Networks/Andersen Laboratories

On January 1, 2002, Integrated Circuit Systems acquired semiconductors company Micro Networks/Andersen Laboratories from Antares Capital

Acquisition Context
  • This is Integrated Circuit Systems’ 1st transaction in the Semiconductors sector.
  • This is Integrated Circuit Systems’ 1st transaction in the United States.
  • This is Integrated Circuit Systems’ 1st transaction in Massachusetts.

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M&A Deal Summary

Date January 1, 2002
Target Micro Networks/Andersen Laboratories
Sector Semiconductors
Buyer(s) Integrated Circuit Systems
Sellers(s) Antares Capital
Deal Type Add-on Acquisition

Target Company

Micro Networks/Andersen Laboratories

Worcester, Massachusetts, United States
Micro Networks/Andersen Laboratories provides high speed clocks, filters and other precision mixed signal integrated circuits for the communications and computer industries. Micro Networks/Andersen Laboratories is based in Worcester, Massachusetts.
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Buyer Overview 1

Buyer

Integrated Circuit Systems

Norristown, Pennsylvania, United States

Category Company
Founded 1976
Sector Semiconductors
DESCRIPTION

Integrated Circuit Systems is a provider in the design of integrated circuit products. ICS specializes in the design of frequency timing generators ('FTGs'). Integrated Circuit Systems was formed in 1976 and is based in Norristown, Pennsylvania.


Deal Context for Buyer #
Overall 1 of 1
Sector: Semiconductors 1 of 1
Type: Add-on Acquisition 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2002 1 of 1

Seller Profile 1

SELLER

Antares Capital

Miami, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.


Deal Context for Seller #
Overall 15 of 46
Sector: Semiconductors 1 of 1
Type: Add-on Acquisition 6 of 19
State: Massachusetts 2 of 3
Country: United States 14 of 45
Year: 2002 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-01 Pogo.com

San Francisco, California, United States

Pogo.com is a provider of online gaming website. Pogo.com was founded in 1995 and is based in San Francisco, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-01 Dr. Leonard s Healthcare

Edison, New Jersey, United States

Dr. Leonard's Healthcare Corp. is an online mail retailer of home healthcare, comfort and convenience products.

Buy -