M&A Deal Summary

onsemi Acquires AMI Semiconductor

On December 13, 2007, onsemi acquired semiconductors company AMI Semiconductor from Francisco Partners and Court Square Capital Partners for 915M USD

Acquisition Highlights
  • This is onsemi’s 2nd transaction in the Semiconductors sector.
  • This is onsemi’s 3rd largest (disclosed) transaction.
  • This is onsemi’s 2nd transaction in the United States.
  • This is onsemi’s 1st transaction in Idaho.

M&A Deal Summary

Date 2007-12-13
Target AMI Semiconductor
Sector Semiconductors
Buyer(s) onsemi
Sellers(s) Francisco Partners
Court Square Capital Partners
Deal Type Add-on Acquisition
Deal Value 915M USD
Advisor(s) Goldman Sachs (Financial)
Davis Polk & Wardwell (Legal)

Target

AMI Semiconductor

Pocatello, Idaho, United States
AMI Semiconductor, Inc. (AMI) is a designer and manufacturer of application-specific integrated circuits (ASICs).

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

onsemi

Phoenix, Arizona, United States

Category Company
Founded 1992
Sector Semiconductors
Employees31,000
Revenue 8.3B USD (2023)
DESCRIPTION
ON Semiconductor's corporate headquarters in Phoenix, Arizona.
ON Semiconductor's corporate headquarters in Phoenix, Arizona.

onsemi is a designer, developer, manufacturer, and marketer of semiconductor components that addresses the design needs of electronic systems and products. onsemi supplies power and data management semiconductors and standard semiconductor components worldwide. onsemi was founded in 1992 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 2 of 16
Sector (Semiconductors) 2 of 13
Type (Add-on Acquisition) 2 of 12
State (Idaho) 1 of 1
Country (United States) 2 of 14
Year (2007) 1 of 1
Size (of disclosed) 3 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-09 Cherry Semiconductor

East Greenwich, Rhode Island, United States

Cherry Semiconductor Corp. is a developer of analog integrated circuit (IC) solutions for the power management and automotive markets.

Buy $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-17 Catalyst Semiconductor

Santa Clara, California, United States

Catalyst Semiconductor, Inc. designs and markets analog, mixed-signal and non-volatile memory products, including Digitally Programmable Potentiometers (DPP™), white and color LED drivers, DC/DC converters, LDO regulators, voltage supervisors, bus expanders, serial and parallel EEPROMs, Flash and NVRAM.

Buy $115M

Seller(S) 2

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 9 of 81
Sector (Semiconductors) 4 of 4
Type (Add-on Acquisition) 5 of 49
State (Idaho) 1 of 1
Country (United States) 9 of 67
Year (2007) 4 of 4
Size (of disclosed) 10 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 Specific Media

Irvine, California, United States

Specific Media is the independent online advertising network, using targeting technologies that enable top corporations to reach specific target audiences on the Web.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-20 Hypercom

Scottsdale, Arizona, United States

Hypercom Corp., is a provider of complete electronic payment solutions and value-added services at the point of transaction. Hypercom designs, manufactures and sells a variety of electronic transaction terminals, peripheral devices, transaction networking devices, transaction management systems, application software and information delivery services. Additionally, the Company provides support and related services, which include maintenance, 24/7 management and monitoring of customer networks, on-site technology assessments, network training, and design and implementation. Hypercom’s customers include domestic and international financial institutions, electronic payment processors, retailers, independent sales organizations and distributors.

Buy -
SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 20 of 56
Sector (Semiconductors) 1 of 2
Type (Add-on Acquisition) 13 of 25
State (Idaho) 1 of 1
Country (United States) 18 of 53
Year (2007) 5 of 5
Size (of disclosed) 12 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-16 Oracle Financial Services Software

Edison, New Jersey, United States

Oracle Financial Services Software, Inc. is a provider of information technology solutions for the financial services industry worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-10 Express Courier Systems

West Haven, Connecticut, United States

Express Courier Systems, Inc. an intra-city messenger service providing on-call, same day, and overnight messenger service.

Sell -