M&A Deal Summary

onsemi Acquires Truesense Imaging

On April 2, 2014, onsemi acquired electronics company Truesense Imaging from Platinum Equity for 92M USD

Acquisition Highlights
  • This is onsemi’s 1st transaction in the Electronics sector.
  • This is onsemi’s 11th largest (disclosed) transaction.
  • This is onsemi’s 8th transaction in the United States.
  • This is onsemi’s 1st transaction in New York.

M&A Deal Summary

Date 2014-04-02
Target Truesense Imaging
Sector Electronics
Buyer(s) onsemi
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition
Deal Value 92M USD
Advisor(s) Needham & Co. LLC (Financial)

Target

Truesense Imaging

Rochester, New York, United States
Truesense Imaging, Inc. manufactures solid-state electronic image sensor devices that deliver high-performance imaging in commercial, industrial, and professional applications.

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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 10 of 16
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 7 of 12
State (New York) 1 of 1
Country (United States) 8 of 14
Year (2014) 1 of 2
Size (of disclosed) 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-27 Cypress Semiconductor - CMOS Image Sensor Business Unit

San Jose, California, United States

Cypress Semiconductor - CMOS Image Sensor Business Unit (ISBU) is a high-performance custom and standard CMOS image sensors are used in multi-megapixel digital photography and cinematography, machine vision, linear and two dimensional (2D) bar code imaging, medical x-ray imaging, biometrics and aerospace applications.

Buy $31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-09 Aptina Imaging

San Jose, California, United States

Aptina Imaging Corp. is a provider of complementary metal–oxide–semiconductor (CMOS) imaging solutions with a growing portfolio of products that can be found in all the leading mobile phone and notebook computer brands.

Buy $400M

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 30 of 78
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 17 of 39
State (New York) 1 of 1
Country (United States) 23 of 65
Year (2014) 3 of 9
Size (of disclosed) 20 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 NESCO

Bluffton, Indiana, United States

NESCO LLC offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets including electric lines, telecommunications networks, and rail systems. With a nationwide rental fleet of approximately 4,000 units.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-09 Wheel Pros

Greenwood Village, Colorado, United States

Wheel Pros is a designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories. Wheel Pros was founded in 1995 and is based in Greenwood Village, Colorado.

Sell -