M&A Deal Summary

Westar Capital Acquires Verteq

On February 5, 1999, private equity firm Westar Capital acquired semiconductors company Verteq for 18M USD

Acquisition Highlights
  • This is Westar Capital’s 1st transaction in the Semiconductors sector.
  • This is Westar Capital’s largest (disclosed) transaction.
  • This is Westar Capital’s 7th transaction in the United States.
  • This is Westar Capital’s 4th transaction in California.
Investment Fate
  • Verteq was sold to a strategic buyer in 2004.

M&A Deal Summary
Date 1999-02-05
Target Verteq
Sector Semiconductors
Buyer(s) Westar Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 18M USD

Target

Verteq

Santa Ana, California, United States
Verteq is a leading supplier of single wafer and batch process cleaning equipment for the semiconductor industry. As a pioneering developer in advanced wafer cleaning, rinsing and drying, the company has established itself as a key resource for much of the industry's leading device manufacturers. The company's cleaning systems are based on advanced megasonic technology.

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Buyer(S) 1

Buyer

Westar Capital

Costa Mesa, California, United States
Category Private Equity Firm
Founded 1987
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Westar Capital LLC was a private investment firm focused on acquiring established middle-market growth companies in partnership with management. Westar also sought to provide equity financing for corporate expansions, restructurings, acquisitions, and fund shareholder liquidity needs. Westar Capital LLC was established in 1987 and was based in Costa Mesa, California.

DEAL STATS #
Overall 7 of 12
Sector (Semiconductors) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 11
State (California) 4 of 8
Country (United States) 7 of 12
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Big Heart Pet Brands

San Francisco, California, United States

Big Heart Pet Brands is a standalone producer, distributor and marketer of premium quality, branded pet food and pet snacks. The Company’s purpose is to nurture the bond between pets and the people who love them – making every day special. Its portfolio of brands, with a foundation in dog and cat food and treats, strives to cater to every pet life stage and every family’s budget through the availability and accessibility of its products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Consolidated Fire Protection

Irvine, California, United States

Consolidated Fire Protection, Inc. is an independently owned fire and life safety services company in the United States. The company's Cosco and Firetrol subsidiaries operate separately in markets across the western United States, offering design, installation, inspection, repair, and service of fire safety systems to protect life and property for commercial, industrial, and institutional customers.

Buy -
Mergr

Product

Company

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