M&A Deal Summary

Intersil Acquires No Wires Needed BV

On May 29, 2000, Intersil acquired semiconductors company No Wires Needed BV from Kennet Partners

Acquisition Highlights
  • This is Intersil’s 1st transaction in the Semiconductors sector.
  • This is Intersil’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2000-05-29
Target No Wires Needed BV
Sector Semiconductors
Buyer(s) Intersil
Sellers(s) Kennet Partners
Deal Type Add-on Acquisition

Target

No Wires Needed BV

Bilthoven, Netherlands
No Wires Needed BV is a provider of IEEE 802.11b-compliant wireless LAN (WLAN) technology and products, including innovative solutions for residential wireless-to-broadband gateways.

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Buyer(S) 1

Buyer

Intersil

Milpitas, California, United States

Category Company
Sector Semiconductors
Employees1,027
Revenue 521M USD (2016)
DESCRIPTION

Intersil Corp. is a provider of innovative power management and precision analog solutions. The company's products form the building blocks of increasingly intelligent, mobile and power hungry electronics enabling advances in power management to improve efficiency and extend battery life. With a deep portfolio of intellectual property and a rich history of design and process innovation, Intersil is the trusted partner to leading companies in some of the world's largest markets, including the industrial and infrastructure, mobile computing, automotive and aerospace.


DEAL STATS #
Overall 1 of 12
Sector: Semiconductors M&A 1 of 12
Type: Add-on Acquisition M&A Deals 1 of 12
Country: Netherlands M&A 1 of 1
Year: 2000 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-22 Intersil - Discrete Power Business

Milpitas, California, United States

Intersil - Discrete Power Business is a valuable range of discrete power patents.

Sell $338M

Seller(S) 1

SELLER

Kennet Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1997
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kennet Partners is a private investment firm that invests in fast-growing companies providing information technology products and technology-enabled services. Kennet typically commits $10 to $50 million of equity per transaction in companies with revenues up to $50 million. The Firm generally invests in businesses located in Western Europe and the US. In addition to providing growth capital, Kennet also finances private mergers, shareholder liquidity needs, corporate divestitures or spin-outs, and restructuring situations. Kennet Partners was formed in 1997 and is based in London.


DEAL STATS #
Overall 2 of 41
Sector: Semiconductors M&A 2 of 5
Type: Add-on Acquisition M&A Deals 2 of 32
Country: Netherlands M&A 1 of 3
Year: 2000 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-03 Aspective

Staines, United Kingdom

Aspective’s unique expertise in mobilizing enterprise applications makes it a strong fit for Vodafone’s recently announced strategy to offer seamless mobility solutions to its customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-20 Oxygen Solutions

Twickenham, United Kingdom

Oxygen Solutions implemented market-leading customer relationship management and business intelligence software in the pharmaceutical and financial services industries.

Sell -