M&A Deal Summary

Micron Acquires Displaytech

On May 13, 2009, Micron acquired semiconductors company Displaytech from Needham Capital Partners

Acquisition Highlights
  • This is Micron’s 2nd transaction in the Semiconductors sector.
  • This is Micron’s 3rd transaction in the United States.
  • This is Micron’s 1st transaction in Colorado.

M&A Deal Summary
Date 2009-05-13
Target Displaytech
Sector Semiconductors
Buyer(s) Micron
Sellers(s) Needham Capital Partners
Deal Type Add-on Acquisition

Target

Displaytech

Longmont, Colorado, United States
Displaytech, Inc. develops, and markets High resolution miniature displays for projection and magnified-view applications.

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Buyer(S) 1

Buyer

Micron

Boise, Idaho, United States
Category Company
Founded 1978
Sector Semiconductors
Employees43,000
Revenue 15.5B USD (2023)
DESCRIPTION

Micron is a provider of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets a full range of DRAM, NAND and NOR flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Micron's common stock is traded on the NASDAQ under the MU symbol. Micron was founded in 1978 and is based in Boise, Idaho.

DEAL STATS #
Overall 3 of 11
Sector (Semiconductors) 2 of 6
Type (Add-on Acquisition) 2 of 8
State (Colorado) 1 of 2
Country (United States) 3 of 6
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-08 Lexar Media

Milpitas, California, United States

Lexar Media, Inc. is a marketer and manufacturer of NAND flash memory products including memory cards, USB flash drives, card readers and ATA controller technology for the digital photography, consumer electronics, industrial and communications markets.

Buy $688M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-01 Aptina Imaging

San Jose, California, United States

Aptina Imaging Corp. is a provider of complementary metal–oxide–semiconductor (CMOS) imaging solutions with a growing portfolio of products that can be found in all the leading mobile phone and notebook computer brands.

Sell -

Seller(S) 1

SELLER

Needham Capital Partners

New York, New York, United States
Category Private Equity Firm
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Needham Capital Partners is the private equity affiliate of mid-market investment bank Needham & Company. Needham Capital targets investments in clean technology, communications, consumer, financial services, healthcare, semiconductor, enterprise software/storage, networking, and industrial service companies. The Firm prefers to act as the lead investor and has a target investment size of $2 to $10 million. Investment proceeds are typically used to finance growth, or fund management buyouts/recapitalizations. Prospective companies are generally located in the US. Needham Capital Partners is based in New York City, with additional offices in Boston, Menlo Park, and San Francisco.

DEAL STATS #
Overall 43 of 55
Sector (Semiconductors) 7 of 10
Type (Add-on Acquisition) 23 of 31
State (Colorado) 3 of 3
Country (United States) 42 of 54
Year (2009) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-02 Nascentric

Austin, Texas, United States

Nascentric, Inc. develops and markets software to electrically analyze CMOS integrated circuit designs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-10 ChipX

Santa Clara, California, United States

ChipX, Inc. designs and manufactures application-specific integrated circuit (ASIC) solutions.

Sell -
Mergr

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