M&A Deal Summary

OmniVision Acquires Aurora Systems

On March 25, 2010, OmniVision acquired semiconductors company Aurora Systems from Investcorp and Sumitomo Equity Asia for 5M USD

Acquisition Highlights
  • This is OmniVision’s 1st transaction in the Semiconductors sector.
  • This is OmniVision’s 2nd largest (disclosed) transaction.
  • This is OmniVision’s 2nd transaction in the United States.
  • This is OmniVision’s 1st transaction in California.

M&A Deal Summary

Date 2010-03-25
Target Aurora Systems
Sector Semiconductors
Buyer(s) OmniVision
Sellers(s) Investcorp
Sumitomo Equity Asia
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

Aurora Systems

San Jose, California, United States
Aurora Systems is a fabless manufacturer of microdisplay semiconductors used to generate high definition video for projection televisions and projectors. Based on heavily patented technology, Aurora has developed a Liquid Crystal on Semiconductor (LCOS) solution which has the advantage of producing televisions at lower cost and with superior picture quality when compared to LCD, Plasma, and DLP technologies.

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Buyer(S) 1

Buyer

OmniVision

Santa Clara, California, United States

Category Company
Founded 1995
Sector Technology Hardware
Employees2,057
Revenue 1.4B USD (2013)
DESCRIPTION

OmniVision Technologies is a developer of advanced digital imaging solutions. Its CMOS imaging technology enables superior image quality in many of today's consumer and commercial applications, including mobile phones, notebooks, netbooks and webcams, security and surveillance, entertainment, digital still and video cameras, automotive and medical imaging systems. OmniVision was founded in 1995 and is based in Santa Clara, California.


DEAL STATS #
Overall 2 of 2
Sector: Semiconductors M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2010 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-31 CDM Optics

Boulder, Colorado, United States

CDM is the exclusive licensee of patented Wavefront Coding technology, which increases the performance of a camera system by increasing the depth of field or correcting optical aberrations of a photographic image.

Buy $30M

Seller(S) 2

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 43 of 111
Sector: Semiconductors M&A 2 of 4
Type: Add-on Acquisition M&A Deals 23 of 49
State: California M&A 5 of 12
Country: United States M&A 28 of 63
Year: 2010 M&A 1 of 4
Size (of disclosed) 45 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-11 Opsec Security

Tyne & Wear, United Kingdom

Opsec Security is provider of anti-counterfeiting technologies, as well as solutions and services for physical and online brand protection, to over 300 brand owners and over 50 governments worldwide. Opsec Security Group was founded in 1989 and is based in Tyne & Wear, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-08 Antenna Software

Jersey City, New Jersey, United States

Antenna Software provides mobile workers with secure access to corporate data and applications wherever and whenever it's needed. Antenna's products connect handheld computers securely to major Customer Relationship Management (CRM), Sales Force Automation (SFA), and Enterprise Resource Planning (ERP) inventory and order-processing applications. Vaultus Mobile Platform (VPM), a pure Java client-server software platform and development environment, assists the rapid development and successful deployment of mobile enterprise applications.

Buy -
SELLER
DESCRIPTION

Sumitomo Corporation Equity Asia Limited (SCEA) is the Asian private equity arm of Japanese conglomerate Sumitomo. SCEA generally targets fast growing, small to mid-market companies from early to expansion stage. The Firm will also co-invest alongside other investors in larger buyout situations. SCEA will consider investing in high-tech sectors as well more traditional industries. Sectors of interest include wireless, semiconductors, internet services, IT, clean technology, manufacturing, automotive, distribution, logistics, and financial services. SCEA will not invest in privatization opportunities, biotech, capital intensive businesses, infrastructure, or real estate. SCEA was formed in 2002 and is based in Hong Kong.


DEAL STATS #
Overall 10 of 13
Sector: Semiconductors M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2010 M&A 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 TengWu Digi-Tech Co.

Shanghai, China

Tengwu Holdings a Shanghai based online gaming developer and operator in China, operating both licensed and self-developed games, including MMORPG and casual games.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-30 Pactera Technology

Beijing, China

Pactera Technology is a global consulting and technology services provider headquartered in China. Pactera provides world-class business / IT consulting, solutions, and outsourcing services to a wide range of leading multinational firms through a globally integrated network of onsite and offsite delivery locations in China, the United States, Europe, Australia, Japan, Singapore and Malaysia. Pactera's comprehensive services include business and technology advisory, enterprise application services, business intelligence, application development & maintenance, mobility, cloud computing, infrastructure management, software product engineering & globalization, and business process outsourcing.

Sell -