M&A Deal Summary

Silver Lake, KKR and Integral Capital Partners Acquire Broadcom

On August 1, 2005, private equity firm Silver Lake, private equity firm KKR and venture capital firm Integral Capital Partners acquired semiconductors company Broadcom from Agilent for 2.7B USD

Acquisition Highlights
  • This is Silver Lake’s 2nd, KKR’s 1st and Integral Capital Partners’ 5th transaction in the Semiconductors sector.
  • This is Silver Lake’s 15th, KKR’s 37th and Integral Capital Partners’ 2nd largest (disclosed) transaction.
  • This is Silver Lake’s 7th, KKR’s 21st and Integral Capital Partners’ 20th transaction in the United States.
  • This is Silver Lake’s 2nd, KKR’s 4th and Integral Capital Partners’ 12th transaction in California.
Investment Fate
  • Broadcom went public in 2009.

M&A Deal Summary
Date 2005-08-01
Target Broadcom
Sector Semiconductors
Buyer(s) Silver Lake
KKR
Integral Capital Partners
Sellers(s) Agilent
Deal Type Divestiture
Deal Value 2.7B USD

Target

Broadcom

Palo Alto, California, United States
Broadcom is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Broadcom was founded in 2018 and is based in San Jose, California.

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Buyer(S) 3

Buyer

Silver Lake

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.

DEAL STATS #
Overall 8 of 135
Sector (Semiconductors) 2 of 5
Type (Divestiture) 1 of 8
State (California) 2 of 37
Country (United States) 7 of 95
Year (2005) 1 of 6
Size (of disclosed) 15 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-14 UGS PLM Solutions SL

Dallas, Texas, United States

UGS PLM Solutions, a leader in product data management, collaboration and product design software and services with 42,000 clients and more than 2.8 million seats of technology operating in the market, is the product lifecycle management (PLM) subsidiary of EDS. The company works collaboratively with its clients to create solutions enabling them to transform their process of innovation and thus begin to capture the promise of PLM.

Buy $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-11 SunGard Data Systems

Wayne, Pennsylvania, United States

SunGard Data Systems, Inc. is a provider of software and processing solutions for the financial services industry, higher education, and the public sector in over 70 countries. SunGard also offers disaster recovery, managed IT, and information availability consulting services along with business continuity management software.

Buy $11.4B
Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 34 of 483
Sector (Semiconductors) 1 of 5
Type (Divestiture) 10 of 53
State (California) 4 of 46
Country (United States) 21 of 210
Year (2005) 4 of 8
Size (of disclosed) 37 of 104
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Avincis

Alicante, Spain

Grupo Inaer (www.grupoinaer.com) is consolidating its leadership in the emergency and mission critical European helicopter services market both by reinforcing organic growth in the domestic market and by implementing selective international bolt-on acquisitions. The company operates as a concession business with strong sales visibility.

Buy €205M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-11 SunGard Data Systems

Wayne, Pennsylvania, United States

SunGard Data Systems, Inc. is a provider of software and processing solutions for the financial services industry, higher education, and the public sector in over 70 countries. SunGard also offers disaster recovery, managed IT, and information availability consulting services along with business continuity management software.

Buy $11.4B
Buyer

Integral Capital Partners

Menlo Park, California, United States

Investor

Category Venture Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Integral Capital Partners operates as a group of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries. Within information sciences, Integral focuses on communications-centric computing, real-time computing, and mobility. Within life sciences, Integral targets companies that deal in emerging medical technologies and healthcare information systems. The Firm operates in partnership with the venture capital firm Kleiner Perkins Caufield and Byers, which incubated the Firm in 1991, as well as private equity firm Silver Lake Partners. Integral Capital Partners is based in Menlo Park, California.

DEAL STATS #
Overall 21 of 35
Sector (Semiconductors) 5 of 5
Type (Divestiture) 1 of 1
State (California) 12 of 23
Country (United States) 20 of 34
Year (2005) 1 of 3
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-09 ScanSoft

Burlington, Massachusetts, United States

ScanSoft, Inc.is a leader of speech and imaging solutions that are used to automate a wide range of manual processes - saving time, increasing worker productivity and improving customer service.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-02 Intranets.com

Boxborough, Massachusetts, United States

Online Intranet Solutions for Small and Medium-Sized Businesses.

Sell -

Seller(S) 1

SELLER

Agilent

Santa Clara, California, United States
Category Company
Founded 1999
Sector Test/Measurement Equipment
Employees17,600
Revenue 6.8B USD (2023)
DESCRIPTION
Entrance to Agilent's headquarters in Santa Clara, California.
Entrance to Agilent's headquarters in Santa Clara, California.

Agilent is a producer of solutions that includes instruments, software, services, and consumables for the entire laboratory workflow. Agilent's life sciences and applied markets business provide application-focused solutions that include instruments and software that enable customers to identify, quantify, and analyze the physical and biological properties of substances and products, as well as enable customers in the clinical and life sciences research areas to interrogate samples at the molecular level. Agilent was founded in 1999 and is based in Santa Clara, California.

DEAL STATS #
Overall 2 of 7
Sector (Semiconductors) 2 of 2
Type (Divestiture) 2 of 6
State (California) 1 of 5
Country (United States) 1 of 5
Year (2005) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 Lumileds

Schiphol, Netherlands

Lumileds is a supplier of lighting components to the general illumination, automotive and consumer electronics. Lumileds was established in 1999 and is headquartered in Schiphol, Netherlands.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-18 Eagleware-Elanix

Norcross, Georgia, United States

Eagleware-Elanix rovides system and circuit design software that leads in providing power, speed and accuracy to developers of communication products.

Buy -
Mergr

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