M&A Deal Summary

ROHM Acquires Kionix

On November 16, 2009, ROHM acquired test/measurement equipment company Kionix from Advantage Capital Partners and Enhanced Capital Partners

Acquisition Highlights
  • This is ROHM’s 1st transaction in the Test/Measurement Equipment sector.
  • This is ROHM’s 1st transaction in the United States.
  • This is ROHM’s 1st transaction in New York.

M&A Deal Summary
Date 2009-11-16
Target Kionix
Sector Test/Measurement Equipment
Buyer(s) ROHM
Sellers(s) Advantage Capital Partners
Enhanced Capital Partners
Deal Type Add-on Acquisition

Target

Kionix

Ithaca, New York, United States
Kionix makes the worlds most advanced accelerometers and gyroscopes. Their products are currently being used or tested to provide anti-skid functionality in cars, improve suspension systems to smooth bumps, and stop rollovers. At the same time, the consumer electronics world is looking to use Kionix sensors to protect laptops from breaking when dropped and to allow video game controllers to respond to subtle hand motions instead of button pushes.

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Buyer(S) 1

Buyer

ROHM

Kyoto, Japan
Category Company
Founded 1940
Sector Electronics
Employees23,319
Revenue 467.8B JPY (2024)
DESCRIPTION

ROHM designs and manufactures integrated circuits (ICs), semiconductors, and other electronic components. ROHM was founded in 1940 and is based in Kyoto, Japan.

DEAL STATS #
Overall 1 of 2
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 Powervation

Castletroy, Ireland

Powervation Ltd. is a fabless semiconductor company. It provides a intelligent digital power IC solutions for cloud computing, communications and high-performance power systems.

Buy $70M

Seller(S) 2

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 29 of 97
Sector (Test/Measurement Equipment) 1 of 2
Type (Add-on Acquisition) 8 of 54
State (New York) 5 of 11
Country (United States) 29 of 97
Year (2009) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-28 Willert

St. Louis, Missouri, United States

Willert is a manufacturer of household products like moth preventives, toilet bowl deodorizers, automatic toilet bowl cleaners and many more . Willert was founded in 1946 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-04 Silicon Logic Engineering

Eau Claire, Wisconsin, United States

Silicon Logic Engineering, Inc. is a semiconductor design services company that provides Application Specific Integrated Circuit (ASIC), System on Chip (SOC), and system technology services to the world's leading electronic systems and fabless semiconductor companies.

Sell -
SELLER

Enhanced Capital Partners

New York, New York, United States
Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Capital Partners is a private investment firm focused on investing in small and mid-sized growth companies generating sales up to $100 million. The Firm can invest across the capital structure, including equity and mezzanine debt financing. Enhanced also will provide funds for working capital needs. The Firm looks to invest $2 to $20 million of equity and mezzanine in the range of $500,000 to $3 million in mid to later-stage profitable companies that are seeking capital to fund growth, make an acquisition, or for an outright sale. Target sectors include aerospace, business services, communications, distribution, manufacturing, healthcare, IT, software, and retail. Enhanced Equity Partners was formed in 1999 and is based in New York City with an additional office in Austin, Birmingham, Denver, Jackson Hole, Nashville, New Orleans, Stamford, Tampa and Washington, D.C.

DEAL STATS #
Overall 9 of 26
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 14
State (New York) 4 of 6
Country (United States) 9 of 26
Year (2009) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-27 Affinity Lab

Washington, District of Columbia, United States

Affinity Lab is an entrepreneurial launch platform serving a rich community of Washington DC businesses, non-profits, and start-ups. The Lab manages the shared operational needs of its member organizations, allowing them to better focus on mission and execution. Affinity Lab was formed in 2001 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-03 Sun Water Systems

Haltom City, Texas, United States

Sun Water Systems, Inc. (dba Aquasana) is a designer, assembler and marketer of premium performance water treatment products, including whole-house treatment systems, drinking water solutions for at home and on-the-go, and shower filters.

Buy -
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