M&A Deal Summary

Parrot Acquires DiBcom SA

On July 1, 2011, Parrot acquired semiconductors company DiBcom SA from Cipio Partners and Omnes Capital for 12M EUR

Acquisition Highlights
  • This is Parrot’s 1st transaction in the Semiconductors sector.
  • This is Parrot’s 0th largest (disclosed) transaction.
  • This is Parrot’s 2nd transaction in France.

M&A Deal Summary

Date 2011-07-01
Target DiBcom SA
Sector Semiconductors
Buyer(s) Parrot
Sellers(s) Cipio Partners
Omnes Capital
Deal Type Add-on Acquisition
Deal Value 12M EUR
Advisor(s) Mooreland Partners LLC (Financial)

Target

DiBcom SA

Paris, France
DiBcom, founded in June 2000, is a French semiconductor company based on a fabless (no factory) model, that designs, produces and sells integrated circuits for receiving Digital terrestrial TV in mobile and portable environments. DiBcom has extensive experience solving real-world digital terrestrial television (DTT) reception problems and has overcome the main technological barriers to high-quality service.

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Buyer(S) 1

Buyer

Parrot

Paris, France

Category Company
Founded 1994
Sector Electronics
Employees404
Revenue 65M EUR (2023)
DESCRIPTION

Parrot designs, develops and markets consumer products for smartphones and tablets as well as high technology solutions in Automotive and UAV business. Parrot was founded in 1994 and is based in Paris, France.


DEAL STATS #
Overall 2 of 2
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (France) 2 of 2
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-13 Varioptic SA

Lyon, France

Varioptic is a pioneer and the global market leader for programmable miniature optics, particularly with high performance autofocus, stabilization and zoom applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Varioptic SA

Lyon, France

Varioptic is a pioneer and the global market leader for programmable miniature optics, particularly with high performance autofocus, stabilization and zoom applications.

Sell -

Seller(S) 2

SELLER

Cipio Partners

Munich, Germany

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Cipio Partners is an investment management firm focused on secondary investments, as well as early and later-stage venture capital transactions. Sectors of interest include technology, media, and communications. Cipio Partners was formed in 2003 and is based in Munich, Germany.


DEAL STATS #
Overall 39 of 68
Sector (Semiconductors) 6 of 9
Type (Add-on Acquisition) 15 of 35
Country (France) 2 of 3
Year (2011) 1 of 5
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Emaze Network

Trieste, Italy

With a staff of 70, Milan and Trieste-based eMaze is the largest independent team of high-end security professionals in Italy. The firm specialises in complex IT security consulting and software development and offers outsourced real-time security monitoring services for large multinationals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-08 Continuous Computing

San Diego, California, United States

Continuous Computing Corp. is a provider of High Availability (HA) platform solutions for telecom equipment manufacturers.

Sell -
SELLER

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.


DEAL STATS #
Overall 36 of 115
Sector (Semiconductors) 1 of 3
Type (Add-on Acquisition) 13 of 52
Country (France) 28 of 87
Year (2011) 9 of 11
Size (of disclosed) 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-23 Daltys SA

Gardanne, France

Daltys SA markets and operates hot and cold drink, sweet and sandwich vending machines for businesses, the healthcare, and the hotel & catering sectors. The company also develops coffee-shop and multi-service concepts for public spaces. Daltys was formed in 1980 and is based in Gardanne, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-27 Souriau-Sunbank Connection Technologies

Versailles, Pennsylvania, France

Souriau SAS is a provider in connector solutions for industrial, military aeronautics and aerospace applications. The company makes a wide range of interconnection systems for severe environments (high pressure, extreme temperature, marine environments, exposure to electromagnetic or nuclear radiation, etc.)

Sell $705M