M&A Deal Summary

Macom Technology Solutions Acquires BinOptics

On November 18, 2014, Macom Technology Solutions acquired semiconductors company BinOptics from Enhanced Capital Partners and Advantage Capital Partners for 230M USD

Acquisition Highlights
  • This is Macom Technology Solutions’ 4th transaction in the Semiconductors sector.
  • This is Macom Technology Solutions’ 3rd largest (disclosed) transaction.
  • This is Macom Technology Solutions’ 4th transaction in the United States.
  • This is Macom Technology Solutions’ 1st transaction in New York.

M&A Deal Summary
Date 2014-11-18
Target BinOptics
Sector Semiconductors
Buyer(s) Macom Technology Solutions
Sellers(s) Enhanced Capital Partners
Advantage Capital Partners
Deal Type Add-on Acquisition
Deal Value 230M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Bond, Schoeneck & King (Legal)

Target

BinOptics

Ithaca, New York, United States
BinOptics Corporation manufactures monolithically integrated optoelectronic components based on indium phosphide and other semiconductor materials. BinOptics' current products include edge-emitting and surface-emitting Fabry Perot lasers, DFB lasers, and lasers with integrated monitoring photodiodes that provide transceiver and transponder manufacturers with unprecedented price-performance advantages. Additionally, BinOptics can provide custom integrated microphotonic solutions for optical systems and subsystems.

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Buyer(S) 1

Buyer

Macom Technology Solutions

Lowell, Massachusetts, United States
Category Company
Founded 1950
Sector Semiconductors
Employees1,500
Revenue 648M USD (2023)
DESCRIPTION

Macom Technology Solutions is a supplier of RF, microwave, and millimeter wave products that enable Internet and modern battlefield applications. Specialized in a broad catalog portfolio of technologies and products, Macom serves diverse markets, including CATV, wireless and optical communications infrastructure, satellite, radar, automotive, industrial, medical, and mobile devices. Macom Technology Solutions was founded in 1950 and is based in Lowell, Massachusetts.

DEAL STATS #
Overall 4 of 12
Sector (Semiconductors) 4 of 10
Type (Add-on Acquisition) 4 of 9
State (New York) 1 of 1
Country (United States) 4 of 10
Year (2014) 2 of 2
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-13 Nitronex

Morrisville, North Carolina, United States

Nitronex LLC is an innovative designer and manufacturer of gallium nitride (GaN) based RF solutions. Nitronex is developing gallium nitride on silicon (GaN-on-Si) semiconductor solutions using its proprietary SIGANTIC® manufacturing process. Nitronex products enable applications in the defense, communications, cable TV, and industrial & scientific markets.

Buy $26M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 M/A-COM Technology - Automotive Solutions

United States

M/A-COM Technology - Automotive Solutions is a supplier of integrated, embedded Global Positioning System (GPS) modules to the automotive industry.

Sell $100M

Seller(S) 2

SELLER

Enhanced Capital Partners

New York, New York, United States
Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Capital Partners is a private investment firm focused on investing in small and mid-sized growth companies generating sales up to $100 million. The Firm can invest across the capital structure, including equity and mezzanine debt financing. Enhanced also will provide funds for working capital needs. The Firm looks to invest $2 to $20 million of equity and mezzanine in the range of $500,000 to $3 million in mid to later-stage profitable companies that are seeking capital to fund growth, make an acquisition, or for an outright sale. Target sectors include aerospace, business services, communications, distribution, manufacturing, healthcare, IT, software, and retail. Enhanced Equity Partners was formed in 1999 and is based in New York City with an additional office in Austin, Birmingham, Denver, Jackson Hole, Nashville, New Orleans, Stamford, Tampa and Washington, D.C.

DEAL STATS #
Overall 20 of 26
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 8 of 14
State (New York) 6 of 6
Country (United States) 20 of 26
Year (2014) 5 of 5
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 Shareholder InSite

Nashville, Tennessee, United States

Shareholder InSite provides Software as a Service (SaaS) solutions to help private companies and Venture Capital and Private Equity investors better track, manage, and analyze shareholder data. Through its team of financial and software professionals (based in Nashville, TN and Boulder, CO), Founded in 2012 through the merger of CapControls and Qval.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-07 Optimal IMX

Nashville, Tennessee, United States

Optimal IMX, Inc. is a provider of professional radiology services to hospitals nationwide.

Sell -
SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 58 of 97
Sector (Semiconductors) 3 of 4
Type (Add-on Acquisition) 28 of 54
State (New York) 11 of 11
Country (United States) 58 of 97
Year (2014) 10 of 10
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-01 Inside Higher Ed

Washington, District of Columbia, United States

Inside Higher Ed is an online source for news, opinion, and jobs for all of higher education. The site provides breaking news, feature stories, provocative daily commentary, areas for comment on every article, practical career columns, and a powerful suite of tools to help higher education professionals get jobs and help colleges identify and hire employees. Inside Higher Ed was established in 2004 and is based in Washington, District of Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Imperial Frozen Foods

Wake Forest, North Carolina, United States

Imperial Frozen Foods is a supplier of individually quick-frozen fruit. The company specializes in the global sourcing and packing of private brands for the retail and foodservice segments. Imperial is a supplier of Grade A conventional and organic frozen fruits to the retail, club, and foodservice segments. Imperial Frozen Foods was founded in 1957 and is based in Wake Forest, North Carolina.

Buy -
Mergr

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