Going Private • Technology Hardware

Soros Fund Management Acquires Violin Memory

On April 24, 2017, family office Soros Fund Management acquired technology hardware company Violin Memory

Acquisition Context

This is Soros Fund Management’s 1st transaction in the Technology Hardware sector.
This is Soros Fund Management’s 1st transaction in the United States.
This is Soros Fund Management’s 1st transaction in California.

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M&A Deal Summary
Date	April 24, 2017
Target	Violin Memory
Sector	Technology Hardware
Buyer(s)	Soros Fund Management
Deal Type	Going Private

Target Company

Violin Memory

Santa Clara, California, United States

Violin Memory has developed a new class of flash-based storage solutions that are designed to bring storage performance in-line with applications, servers and networks. The Flash Storage Platform, powered by Concerto OS, a fully integrated storage operating system, is the industry leader in the combination of every significant category measured in all flash arrays: low latency, affordability, density, scalability and performance. With tightly integrated data services, the Violin Flash Storage Platform provides a unique combination of data protection, business continuity, and data reduction services onto a flexible, uniquely scalable solution called Scale Smart, delivering significant CAPEX and OPEX savings. Violin Memory was founded in 2005 and is headquartered in Santa Clara, California.

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Buyer Overview 1

Buyer

Soros Fund Management

Investor Investor

Category	Family Office
Founded	1970
Size	Large
Type	Sector Agnostic

DESCRIPTION

Soros Fund Management is the family office for George Soros. The Firm invests in a wide range of securities including public equity and fixed income, as well as foreign exchange, commodities and direct investments. Soros Fund Management was formed in 1970 and is headquartered in New York City.

Deal Context for Buyer	#
Overall	2 of 4
Sector: Technology Hardware	1 of 1
Type: Going Private	1 of 1
State: California	1 of 1
Country: United States	1 of 3
Year: 2017	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2015-11-18	Ciklum London, United Kingdom Ciklum is a software engineering and solutions company. Ciklum was founded in 2002 and is based in London, United Kingdom.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2015-11-18

Ciklum

London, United Kingdom

Ciklum is a software engineering and solutions company. Ciklum was founded in 2002 and is based in London, United Kingdom.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2017-12-21	Zenium Data Centers London, United Kingdom Zenium Data Centers is a hyperscale data center provider in Europe with four properties in London and Frankfurt, the continent’s two largest data center markets.	Sell	$442M

DATE

TARGET

DEAL TYPE

VALUE

2017-12-21

Zenium Data Centers

London, United Kingdom

Zenium Data Centers is a hyperscale data center provider in Europe with four properties in London and Frankfurt, the continent’s two largest data center markets.

Sell

$442M

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