Investment Summary

Needham Capital Partners Exits Trinity Convergence

On July 1, 2010, Maxim Integrated Products invested in internet software and services company Trinity Convergence from Needham Capital Partners

Investment Highlights
  • This is Maxim Integrated Products’ 1st transaction in the Internet Software and Services sector.
  • This is Maxim Integrated Products’ 2nd transaction in the United States.
  • This is Maxim Integrated Products’ 1st transaction in North Carolina.

Investment Summary

Date 2010-07-01
Target Trinity Convergence
Sector Internet Software and Services
Investor(s) Maxim Integrated Products
Sellers(s) Needham Capital Partners
Deal Type Add-on Acquisition

Target

Trinity Convergence

Durham, North Carolina, United States
Trinity Convergence, Inc. is a Privately held company focused on developing comprehensive software solutions for the emerging VoIP and voice + video over IP (V2IP) communications equipment market.

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Investor(S) 1

Investor

Maxim Integrated Products

San Jose, California, United States

Category Company
Founded 1983
Sector Semiconductors
Employees7,149
Revenue 2.3B USD (2019)
DESCRIPTION
Entrance to Maxim Integrated's corporate headquarters in San Jose, California.
Entrance to Maxim Integrated's corporate headquarters in San Jose, California.

Maxim Integrated Products, Inc. designs, develops, manufactures and markets a broad range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits. Maxim Integrated Products was formed in 1983 and is based in San Jose, California.


DEAL STATS #
Overall 2 of 6
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 6
State: North Carolina M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-14 Teridian Semiconductor

Irvine, California, United States

Teridian Semiconductor Corp. based in Irvine, CA, designs and develops advanced analog and mixed–signal integrated circuits. We provide our customers world-class solutions based on the latest CMOS technology. Our specific areas of expertise are residential and industrial electricity meter controllers, smart card reader authentication, modems and modem AFE products, audio/video switching, and telecom line interface units.

Buy $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-18 SensorDynamics AG

Graz, Austria

SensorDynamics is a fast-growing semi-fabless semiconductor company that focuses on innovative sensor solutions for high volume applications in automotive and industry. SensorDynamics develops and supplies fail-safe micro and wireless semiconductor sensor systems for automotive key accounts mainly and is certified under TS16949. The company acts as general contractor and cooperates closely with world-leading suppliers of manufacturing and testing technologies. Headquartered in Graz-Lebring, Austria, SensorDynamics has subsidiaries in Italy, Germany, Slovenia and France.

Buy $164M

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 46 of 55
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 26 of 31
State: North Carolina M&A 1 of 2
Country: United States M&A 45 of 54
Year: 2010 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-08 CoWare

San Jose, California, United States

CoWare, Inc., is a supplier of software and services for electronic systems design and develops system-on-a-chip EDA software for the semiconductor industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-23 Atherotech

Birmingham, Alabama, United States

Atherotech is a clinical reference laboratory specializing in diagnostic testing for cardio-metabolic disease. The Company’s proprietary “VAP” test allows physicians to identify at-risk patients through a variety of cholesterol and lipid bio-markers with much greater accuracy and at significantly lower cost to the health care system than competitive testing products. The company’s state-of-the-art central laboratory processes millions of tests annually.

Sell -