M&A Deal Summary

MegaChips Acquires Si Time

On October 28, 2014, MegaChips acquired semiconductors company Si Time from Northgate Capital for 200M USD

Acquisition Highlights
  • This is MegaChips’ 1st transaction in the Semiconductors sector.
  • This is MegaChips’ largest (disclosed) transaction.
  • This is MegaChips’ 1st transaction in the United States.
  • This is MegaChips’ 1st transaction in California.
Investment Fate
  • Si Time went public in 2019.

M&A Deal Summary
Date 2014-10-28
Target Si Time
Sector Semiconductors
Buyer(s) MegaChips
Sellers(s) Northgate Capital
Deal Type Add-on Acquisition
Deal Value 200M USD
Advisor(s) Needham & Co. LLC (Financial)

Target

Si Time

Santa Clara, California, United States
Si Time is a MEMS analog semiconductor company offering MEMS-based silicon timing solutions to replace legacy quartz products. SiTime was formed in 2003 and is based in Santa Clara, California.

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Buyer(S) 1

Buyer

MegaChips

Osaka, Japan
Category Company
Founded 1990
Sector Semiconductors
Employees339
Revenue 57.9B JPY (2024)
DESCRIPTION

MegaChips is a fabless company provides ASICs and system LSIs with a integrating LSIs and systems knowledge and solutions. Its focus is on the development of cutting-edge system LSIs and systems products incorporating original algorithms and architecture in the areas of imaging, audio, and telecommunications. MegaChips was founded in 1990 and is based in Osaka, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Si Time

Santa Clara, California, United States

Si Time is a MEMS analog semiconductor company offering MEMS-based silicon timing solutions to replace legacy quartz products. SiTime was formed in 2003 and is based in Santa Clara, California.

Sell -

Seller(S) 1

SELLER

Northgate Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 4.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Northgate Capital is a private investment firm focused on venture and private equity investing. The Firm's venture group will consider opportunities globally looks to make direct investments in rapidly growing companies as well as invest in venture funds. Northgate's private equity group looks to provide provide equity and mezzanine capital to growth oriented small and middle-market companies operating in Mexico. Northgate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 13 of 18
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 3 of 8
State (California) 13 of 17
Country (United States) 13 of 18
Year (2014) 2 of 3
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-10 Adamas

Emeryville, California, United States

Adamas is a specialty pharmaceutical company driven to improve the lives of those affected by chronic disorders of the central nervous system (CNS). Its achieve this by modifying the pharmacokinetic profiles of approved drugs to create novel therapeutics for use alone and in fixed-dose combination products. Adamas was founded in 2000 and is based in Emeryville, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 Stoke

Santa Clara, California, United States

Stoke mobile broadband gateway solutions help operators contain the costs of delivering mobile broadband data services by offloading traffic from their current network infrastructures, enabling the use of public IP networks for backhauling mobile traffic, and providing a seamless mobile broadband user experience when wireless access technologies are bundled together into a single service offering.

Sell -
Mergr

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