M&A Deal Summary

MIPS Technologies Acquires Chipidea Microelectronica S.A.

On August 24, 2007, MIPS Technologies acquired semiconductors company Chipidea Microelectronica S.A. from Kennet Partners and Keensight Capital for 154M USD

Acquisition Highlights
  • This is MIPS Technologies’ 1st transaction in the Semiconductors sector.
  • This is MIPS Technologies’ largest (disclosed) transaction.
  • This is MIPS Technologies’ 1st transaction in Portugal.
Investment Fate
  • Chipidea Microelectronica S.A. was divested to a consortium of strategic buyers in 2009 for 22M USD.

M&A Deal Summary
Date 2007-08-24
Target Chipidea Microelectronica S.A.
Sector Semiconductors
Buyer(s) MIPS Technologies
Sellers(s) Kennet Partners
Keensight Capital
Deal Type Add-on Acquisition
Deal Value 154M USD

Target

Chipidea Microelectronica S.A.

Porto Salvo, Portugal
Chipidea Microelectronica S.A. is a analog/mixed-signal merchant technology supplier targeting fast-growing market segments like wireless communications, digital media and consumer electronics.

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Buyer(S) 1

Buyer

MIPS Technologies

Sunnyvale, California, United States
Category Company
Founded 1984
Sector Semiconductors
Employees161
DESCRIPTION

MIPS Technologies, Inc., is a provider of industry standard processor architecture and cores for digital consumers and business applications.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Portugal) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-08 Chipidea Microelectronica S.A.

Porto Salvo, Portugal

Chipidea Microelectronica S.A. is a analog/mixed-signal merchant technology supplier targeting fast-growing market segments like wireless communications, digital media and consumer electronics.

Sell $22M

Seller(S) 2

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 11 of 40
Sector (Semiconductors) 3 of 5
Type (Add-on Acquisition) 10 of 32
Country (Portugal) 1 of 1
Year (2007) 2 of 2
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-24 CONSUL Risk Management International B.V.

Delft, Netherlands

CONSUL Risk Management International B.V. is a provider of compliance and security audit software that helps clients track, report and investigate non-compliant behaviour, such as unauthorized activity by information technology (IT) administrators or other users.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-12 Adviva Media

London, United Kingdom

Adviva Media Ltd. operates the European online advertising network targeted at brand advertisers. Using behavioural and contextual targeting technology, Adviva connects advertisers with the European consumers they want to reach.

Sell -
SELLER

Keensight Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 5.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Keensight Capital is a private equity investment firm focused on majority and minority growth capital investments in Western European companies. Keensight makes equity investments in a number of situations including the provision of capital to finance growth, either organically or through acquisitions, or the buying out of existing shareholders. The Firm looks to invest €10 to €600 million and will consider business with up to €400 million in revenue. Keensight Capital was formed in 2000 and is based in Paris.

DEAL STATS #
Overall 1 of 24
Sector (Semiconductors) 1 of 2
Type (Add-on Acquisition) 1 of 11
Country (Portugal) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 ip.access

Cambridge, United Kingdom

ip.access is a 2G, 3G, 4G, and 5G-ready small cell solutions provider. Serving Communication Service Providers, Private Enterprises and other special Applications markets globally with portfolio of small cells solutions. ip.access was established in 1997 and is based in Cambridge, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-04 Octo Telematics

Rome, Italy

Octo is a provider car insurance telematics services as well as pioneering applications in motor rental and fleet management, car manufacturing, government sectors and a fast growing range of specialist applications.

Buy -
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