M&A Deal Summary

Zarlink Semiconductor Acquires Legerity Holdings

On June 25, 2007, Zarlink Semiconductor acquired semiconductors company Legerity Holdings from Francisco Partners and TPG for 135M USD

Acquisition Highlights
  • This is Zarlink Semiconductor’s 1st transaction in the Semiconductors sector.
  • This is Zarlink Semiconductor’s largest (disclosed) transaction.
  • This is Zarlink Semiconductor’s 1st transaction in the United States.
  • This is Zarlink Semiconductor’s 1st transaction in Texas.
Investment Fate
  • Legerity Holdings was sold to a publicly-traded strategic buyer in 2011 for 525M USD.

M&A Deal Summary

Date 2007-06-25
Target Legerity Holdings
Sector Semiconductors
Buyer(s) Zarlink Semiconductor
Sellers(s) Francisco Partners
TPG
Deal Type Add-on Acquisition
Deal Value 135M USD

Target

Legerity Holdings

Austin, Texas, United States
Legerity Holdings, Inc. is a developer and supplier of voice ICs (integrated circuits) for carrier, enterprise and residential gateway equipment.

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Buyer(S) 1

Buyer

Zarlink Semiconductor

Ottawa, Ontario, Canada

Category Company
Founded 1971
Sector Semiconductors
Employees519
DESCRIPTION

Zarlink Semiconductor, Inc. is a mixed-signal chip technologies for a broad range of communication and medical applications. Zarlink’s core capabilities included timing solutions that manage time-sensitive communication applications over wireless and wired networks, line circuits supporting high-quality voice services over cable and broadband connections, and ultra low-power radios enabling new wireless medical devices and therapies.


DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-12 Legerity Holdings

Austin, Texas, United States

Legerity Holdings, Inc. is a developer and supplier of voice ICs (integrated circuits) for carrier, enterprise and residential gateway equipment.

Sell $525M

Seller(S) 2

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 7 of 81
Sector (Semiconductors) 3 of 4
Type (Add-on Acquisition) 3 of 49
State (Texas) 1 of 3
Country (United States) 7 of 67
Year (2007) 2 of 4
Size (of disclosed) 25 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-11 FX Solutions

Saddle River, New Jersey, United States

FX Solutions LLC provides an Internet-based foreign exchange trading platform which allows retail customers to trade foreign currencies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-29 Healthland

Minneapolis, Minnesota, United States

Healthland, Inc. is a provider of integrated software and electronic health records (EHR) solutions for post-acute facilities.

Buy -
SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 45 of 267
Sector (Semiconductors) 3 of 7
Type (Add-on Acquisition) 18 of 94
State (Texas) 7 of 26
Country (United States) 32 of 193
Year (2007) 6 of 10
Size (of disclosed) 63 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-29 Green Border Technologies

Mountain View, California, United States

Green Border Technologies offers desktop DMZ software for Windows. It offers malware prevention, mobile PC safety, unauthorized downloads prevention, patching, and data confidentiality solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 Surgical Care Affiliates

Deerfield, Illinois, United States

Surgical Care Affiliates, Inc. is a developser, owns and operator of an outpatient surgical care centers and a health maintenance organization.

Buy -