Investment Summary |
|
|---|---|
| Date | 2012-03-23 |
| Target | C-MAC Aerospace |
| Sector | Electronics |
| Investor(s) | Spectrum Control |
| Sellers(s) |
Francisco Partners
Shah Capital Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Kirkland & Ellis (Legal) |
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| Category | Company |
|---|---|
| Founded | 1993 |
| Sector | Electrical Equipment |
| Employees | 1,862 |
| Revenue | 226M USD (2014) |
Spectrum Control is a designer and manufacturer of high-performance components and subsystems for demanding RF / microwave and electromagnetic spectrum management applications. Spectrum Control provides a broad portfolio of mission-critical products to approximately 1,800 global customers supporting more than 200 programs. Spectrum Control was founded in 1993 and is headquartered in Fairview, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 6 |
| Sector: Electronics M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 4 of 4 |
| Country: United Kingdom M&A | 1 of 1 |
| Year: 2012 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-11-30 |
Commercial Microwave Technology
Rancho Cordova, California, United States Commercial Microwave Technology, Inc. is a manufacturer of RF and microwave filters to the satellite and commercial industries. |
Buy | $8M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-04-17 |
Spectrum Sensors and Controls
Akron, Ohio, United States Spectrum Sensors and Controls, Inc. is a provider in the design and manufacture of custom temperature probes, high reliability encoders and inertial sensors. |
Sell | $51M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 45.0B USD |
| Size | Mega |
| Type | Sector Focused |
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 | 22 of 88 |
| Sector: Electronics M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 13 of 55 |
| Country: United Kingdom M&A | 1 of 5 |
| Year: 2012 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-01-05 |
Ichor
Fremont, California, United States Ichor is a global designer and manufacturer of process tools, gas delivery modules and chemical delivery modules sold to capital equipment manufacturers. Ichor Systems serves a variety of end markets, including semiconductors, LEDs (light emitting diode), data storage and alternative energy capital equipment. Ichor was founded in 1999 and is based in Fremont, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-06-06 |
Plex Systems
Auburn Hills, Michigan, United States Plex Systems is the developer of Plex Online, a Cloud ERP solution for the manufacturing enterprise. Plex Online offers industry-leading features for virtually every department within a manufacturer, including Manufacturing Execution System (MES) and Quality Management System (QMS) for the shop floor, Supply Chain Management (SCM) for procurement, Enterprise Resource Planning (ERP) for finance and management, and Business Intelligence (BI) for executive management. Plex Online’s comprehensive functional coverage delivers a “shop floor to top floor” view of a manufacturer’s operations, enabling management to run its business at maximum efficiency. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| Size | Small |
| Type | Sector Agnostic |
Shah Capital Partners is a private investment firm focused on technology businesses. Specific areas of interest includes electronics, design services, semiconductors, storage, networking and related outsourcing, software and services. The Firm looks to invest in or acquire profitable companies and will consider a variety of transaction situations including buyouts, take privates, recapitalizations, acquisition financings, and turnarounds. Shah Capital Partners was formed in 2003 and is based in Santa Clara, California.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Electronics M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| Country: United Kingdom M&A | 1 of 1 |
| Year: 2012 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-20 |
Smart Modular Technologies
Newark, California, United States Smart Modular Technologies is a developer and manufacturer of DRAM and Flash-based modules and subsystems for computing, communications, embedded, and defense applications. Smart Modular Technologies was founded in 1988 and is based in Newark, California. |
Sell | - |