M&A Deal Summary

Sonicblue Acquires Diamond Multimedia Systems

On September 24, 1999, Sonicblue acquired technology hardware company Diamond Multimedia Systems from Adams Street Partners

Acquisition Highlights
  • This is Sonicblue’s 1st transaction in the Technology Hardware sector.
  • This is Sonicblue’s 1st transaction in the United States.
  • This is Sonicblue’s 1st transaction in California.

M&A Deal Summary

Date 1999-09-24
Target Diamond Multimedia Systems
Sector Technology Hardware
Buyer(s) Sonicblue
Sellers(s) Adams Street Partners
Deal Type Add-on Acquisition

Target

Diamond Multimedia Systems

San Jose, California, United States
Diamond Multimedia Systems, Inc. designs, manufactures, and markets board-level peripheral products for IBM- compatible PCs.

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Buyer(S) 1

Buyer

Sonicblue

Santa Clara, California, United States

Category Company
Founded 1989
Sector Consumer Products
DESCRIPTION

Sonicblue, Inc. provides products for the Internet and digital media.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 1 of 1

Seller(S) 1

SELLER

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 5 of 101
Sector: Technology Hardware M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 54
State: California M&A 2 of 45
Country: United States M&A 5 of 93
Year: 1999 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-27 Interact Commerce

Scottsdale, Arizona, United States

Interact Commerce Corporation is a software developer and produces SalesLogix and Act, two client-management programs. The Company was formed in 1995 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Vivant Medical

Mountain View, California, United States

Vivant Medical, Inc. is a developer of novel and proprietary microwave ablation technology for the minimally invasive ablation of soft tissue.

Buy -