M&A Deal Summary

Yageo Acquires Pulse Electronics

On May 22, 2018, Yageo acquired electronics company Pulse Electronics from Oaktree Capital Management for 740M USD

Acquisition Highlights
  • This is Yageo’s 1st transaction in the Electronics sector.
  • This is Yageo’s 2nd largest (disclosed) transaction.
  • This is Yageo’s 1st transaction in the United States.
  • This is Yageo’s 1st transaction in California.

M&A Deal Summary
Date 2018-05-22
Target Pulse Electronics
Sector Electronics
Buyer(s) Yageo
Sellers(s) Oaktree Capital Management
Deal Type Add-on Acquisition
Deal Value 740M USD

Target

Pulse Electronics

San Diego, California, United States
Pulse Electronics Corporation is a electronic components partner that helps customers build the next great product by providing the needed technical solutions. Pulse Electronics has a long operating history of innovation in magnetics, antennas and connectors, as well as the ability to ramp quickly into high-quality, high-volume production.

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Buyer(S) 1

Buyer

Yageo

New Taipei City, Taiwan
Category Company
Founded 1977
Sector Technology Hardware
Employees40,000
Revenue 107.6B TWD (2023)
DESCRIPTION

Yageo is a provider of passive-component services with capabilities on a global scale, including production and sales facilities in Asia, Europe, and the Americas. Yageo was founded in 1977 and is based in New Taipei City, Taiwan.

DEAL STATS #
Overall 1 of 2
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 KEMET

Simpsonville, South Carolina, United States

KEMET is a global manufacturer of a wide variety of capacitors. KEMET's product offerings include tantalum, multilayer ceramic, solid and electrolytic aluminum, and film capacitors. The Company's product line consists of nearly 5 million distinct part configurations distinguished by various attributes, such as dielectric (or insulating) material, configuration, encapsulation, capacitance (at various tolerances), voltage, performance characteristics, and packaging. KEMET was formed in 1919 and is based in Simpsonville, Georgia.

Buy $1.8B

Seller(S) 1

SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.

DEAL STATS #
Overall 58 of 77
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 27 of 31
State (California) 9 of 10
Country (United States) 43 of 53
Year (2018) 6 of 9
Size (of disclosed) 5 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 Proserv

Aberdeen, United Kingdom

Proserv is a controls technology company incorporating two divisions, Proserv Controls, which encompasses our innovative subsea controls solutions, alongside our topside, IWOCS, sampling, and measurement offerings to the oil & gas and renewables markets, and Gilmore, a Proserv Company, known for its globally renowned control valves. Proserv is based in Aberdeen, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Shermco Industries

Irving, Texas, United States

Shermco Industries is a provider of electrical testing, maintenance, commissioning, and repair services to a wide range of utility, industrial, energy, and other end markets. With more than 20 locations, Shermco serves a diversified blue-chip customer base across North America. The Company is an active participant in the InterNational Electrical Testing Association, Electrical Apparatus Service Association, and American Wind Energy Association. Shermco Industries was founded in 1974 and is based in Irving, Texas.

Sell -
Mergr

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