M&A Deal Summary

TTM Technologies Acquires Viasystems Group

On September 22, 2014, TTM Technologies acquired semiconductors company Viasystems Group from HM Capital Partners for 927M USD

Acquisition Highlights
  • This is TTM Technologies’ 1st transaction in the Semiconductors sector.
  • This is TTM Technologies’ 2nd largest (disclosed) transaction.
  • This is TTM Technologies’ 4th transaction in the United States.
  • This is TTM Technologies’ 1st transaction in Missouri.

M&A Deal Summary

Date 2014-09-22
Target Viasystems Group
Sector Semiconductors
Buyer(s) TTM Technologies
Sellers(s) HM Capital Partners
Deal Type Add-on Acquisition
Deal Value 927M USD

Target

Viasystems Group

St. Louis, Missouri, United States
Viasystems Group, Inc. is a provider of complex multi-layer, rigid printed circuit boards (PCBs) and electro-mechanical solutions (E-M Solutions). Its PCBs serve as the “electronic backbone” of many kinds of electronic equipment, and its E-M Solutions products and services integrate PCBs and other components into electronic equipment, including metal enclosures, cabinets, racks and sub-racks, backplanes, cable assemblies and busbars.

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Buyer(S) 1

Buyer

TTM Technologies

Santa Ana, California, United States

Category Company
Founded 1978
Sector Semiconductors
Employees15,800
Revenue 2.2B USD (2023)
DESCRIPTION
TTM Technologies' corporate headquarters in Costa Mesa, California.
TTM Technologies' corporate headquarters in Costa Mesa, California.

TTM Technologies is a provider of time-critical and technologically complex printed circuit board products and backplane assemblies, which serves as the foundation of sophisticated electronic products. TTM Technologies was founded in 1978 and is based in Santa Ana, California.


DEAL STATS #
Overall 5 of 7
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Missouri) 1 of 1
Country (United States) 4 of 6
Year (2014) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-16 Meadville - Printed Circuit Board Business

Hong Kong, China

Meadville - Printed Circuit Board Business is a producer of electronic circuit boards.

Buy $936M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-03 Anaren

Syracuse, New York, United States

Anaren, Inc. is a designer and manufacturer of high-frequency RF and microwave microelectronics, components, and assemblies for the space, defense, and telecommunications sectors. Anaren, Inc. was established in 1967 and is based in Syracuse, New York.

Buy $775M

Seller(S) 1

SELLER

HM Capital Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1989
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HM Capital (formerly Hicks, Muse, Tate & Furst, Inc.) is a private equity firm that seeks investments in middle-market companies valued between $100 million and $1 billion. HM Capital's investments include acquisitions of large corporate divestitures, acquisitions or recapitalizations of privately owned or publicly traded businesses, and acquisitions of distressed businesses either through a restructuring or bankruptcy process. Sectors of interest include media, consumer products, energy, financial services, food/beverage, information services and niche manufacturing. HM Capital Partners was formed in 1989 and is based in Dallas, Texas.


DEAL STATS #
Overall 13 of 15
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Missouri) 1 of 1
Country (United States) 9 of 10
Year (2014) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-26 UniTek Global Services

King of Prussia, Pennsylvania, United States

UniTek Global Services, Inc. is a provider of outsourced infrastructure services for the telecommunications, broadband cable, and satellite television industries in the United States and Canada. The company offers engineering and design services, including the provision of turn-key engineering services to industries that require underground plant construction, aerial infrastructure, and multi-dwelling content delivery; construction services comprising FTTP network design, engineering, construction, and maintenance services to the telecommunications companies and cable companies; and installation services, such as running new drop lines to the premise, set-top box installation, cable modem installation, VOIP setup, upgrading existing customers, custom wiring, disconnections, and equipment pickup.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Puerto Rico Cable

Mercedita, Puerto Rico

Choice Cable is the incumbent cable operator serving the northern and western coastal region of Puerto Rico. The companys service area encompasses approximately 330,000 homes and its product offerings include video and high speed data.

Sell $276M