M&A Deal Summary

Mindspeed Technologies Acquires Picochip

On February 1, 2012, Mindspeed Technologies acquired semiconductors company Picochip from Cipio Partners

Acquisition Highlights
  • This is Mindspeed Technologies’ 1st transaction in the Semiconductors sector.
  • This is Mindspeed Technologies’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2012-02-01
Target Picochip
Sector Semiconductors
Buyer(s) Mindspeed Technologies
Sellers(s) Cipio Partners
Deal Type Add-on Acquisition

Target

Picochip

Bath, United Kingdom
Picochip, Inc. is a company involved in multi-core digital signal processing (DSP) solutions and a leading player in the femtocell (3G home access points) and WiMax markets.

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Buyer(S) 1

Buyer

Mindspeed Technologies

Newport Beach, California, United States

Category Company
Founded 2001
Sector Semiconductors
Employees478
DESCRIPTION

Mindspeed Technologies, Inc. is a designs, develops, and sells semiconductor solutions for communications applications.


DEAL STATS #
Overall 1 of 1
Sector: Semiconductors M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 1

SELLER

Cipio Partners

Munich, Germany

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Cipio Partners is an investment management firm focused on secondary investments, as well as early and later-stage venture capital transactions. Sectors of interest include technology, media, and communications. Cipio Partners was formed in 2003 and is based in Munich, Germany.


DEAL STATS #
Overall 44 of 68
Sector: Semiconductors M&A 7 of 9
Type: Add-on Acquisition M&A Deals 19 of 35
Country: United Kingdom M&A 2 of 4
Year: 2012 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-29 Santur

Fremont, California, United States

Santur Corporation, is a designer and manufacturer of Indium Phosphide (InP) based PIC products.

Sell $39M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-21 BroadLight

Santa Clara, California, United States

BroadLight, Inc. is a fabless semiconductor company supplying IC devices and solutions to equipment vendors for FTTH applications.

Sell $195M