M&A Deal Summary

White Electronic Designs Acquires Electronic Designs

On October 1, 1998, White Electronic Designs acquired semiconductors company Electronic Designs from TA Associates

Acquisition Highlights
  • This is White Electronic Designs’ 1st transaction in the Semiconductors sector.
  • This is White Electronic Designs’ 1st transaction in the United States.
  • This is White Electronic Designs’ 1st transaction in Arizona.

M&A Deal Summary

Date 1998-10-01
Target Electronic Designs
Sector Semiconductors
Buyer(s) White Electronic Designs
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

Electronic Designs

Phoenix, Arizona, United States
Electronic Designs, Inc. (EDI) designs, manufactures and markets semiconductor memory and flat panel display products for the global commercial, industrial and military markets, particularly for telecommunications, data communications and avionics.

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Buyer(S) 1

Buyer

White Electronic Designs

Phoenix, Arizona, United States

Category Company
Founded 1951
Sector Semiconductors
Employees248
DESCRIPTION

White Electronic Designs Corp. is a designer, manufacturer and marketer of sophisticated multi-chip semiconductor packages, high-efficiency memory devices, and build-to-print electromechanical assemblies for defense and aerospace applications.


DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (1998) 1 of 1

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 49 of 255
Sector (Semiconductors) 4 of 6
Type (Add-on Acquisition) 25 of 130
State (Arizona) 1 of 2
Country (United States) 46 of 206
Year (1998) 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-03 Altron

Anoka, Minnesota, United States

Altron, Inc. is a EMS provider focused on delivering complete end-to-end manufacturing capabilities and highly complex solutions to technology companies around the world.

Sell $219M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Micro Focus Group

Redwood City, California, United States

Micro Focus designs, develops and markets compilers and programmer productivity tools used for business applications development on computer equipment. In 1998, Micro Focus acquired INTERSOLV, Inc., a leading provider of applications enablement technology and services. In 1999, the combined company was renamed MERANT Plc (NASDAQ: MRNT).

Sell -