M&A Deal Summary

ZMC Acquires Pure Wafer

On November 13, 2024, private equity firm ZMC acquired semiconductors company Pure Wafer from Edgewater Capital Partners, Centerfield Capital Partners and Patriot Capital

Acquisition Highlights
  • This is ZMC’s 1st transaction in the Semiconductors sector.
  • This is ZMC’s 20th transaction in the United States.
  • This is ZMC’s 5th transaction in California.

M&A Deal Summary

Date 2024-11-13
Target Pure Wafer
Sector Semiconductors
Buyer(s) ZMC
Sellers(s) Edgewater Capital Partners
Centerfield Capital Partners
Patriot Capital
Deal Type Secondary Buyout
Advisor(s) Taft Stettinius & Hollister (Legal)

Target

Pure Wafer

San Jose, California, United States
Pure Wafer is a provider of silicon wafer reclaim services and supplies virgin silicon wafers, specialty thin film deposition products, and silicon parts services. Pure Wafer was founded in 2008 and is based in San Jose, California.

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Buyer(S) 1

Buyer
DESCRIPTION

Zelnick Media Capital (ZMC) is a private equity firm focused on the media and communications sectors. ZMC looks to partner with management teams when pursuing transactions and will consider a variety of transaction situations, including growth-oriented investments and companies in need of operational improvement. Zelnick Media Capital was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 21 of 21
Sector: Semiconductors M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 6
State: California M&A 5 of 5
Country: United States M&A 20 of 20
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-09 Logitix

Boca Raton, Florida, United States

Logitix provides ticket pricing, yield optimization, and analytics services for professional sports teams and other live events rights holders. The Company leverages a proprietary ticket management system, Monarch, to manage secondary ticket inventory in real-time. It manages regular season and playoff ticket inventory for professional sports franchises, and premier collegiate events, as well as a growing amount of inventory from concerts and other live events. Logitix was founded in 2010 and is based in Boca Raton, Florida.

Sell -

Seller(S) 3

SELLER

Edgewater Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
Size Middle-Market
Type Sector Focused
DESCRIPTION

Edgewater Capital Partners is a private equity firm focused on acquiring established, lower middle-market companies. Prospective investment situations include corporate divestitures, management buyouts, and family business liquidity. The Firm's industry preferences include highly-engineered manufacturing, specialty chemicals, specialty Industrials, Life Science. Edgewater Capital Partners was formed in 1982 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 18 of 19
Sector: Semiconductors M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 5
State: California M&A 2 of 2
Country: United States M&A 18 of 19
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 Ascent

Chicago, Illinois, United States

Ascent is a provider of compliance automation solutions, leveraging artificial intelligence to streamline regulatory processes for financial services firms. It is dedicated to empowering organizations to more effectively navigate the complex landscape of regulatory compliance to reduce risk, streamline operations, and manage costs. Ascent is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-27 Comprehensive Blood & Cancer Center

Bakersfield, California, United States

Comprehensive Blood & Cancer Center is a multi-national clinical contract research organization with deep experience in designing and managing clinical trials across a range of therapeutic areas, including oncology, CNS, and ophthalmology. Comprehensive Blood & Cancer Center is based in Bakersfield, California.

Buy -
SELLER

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 45 of 47
Sector: Semiconductors M&A 1 of 1
Type: Secondary Buyout M&A Deals 15 of 15
State: California M&A 6 of 8
Country: United States M&A 45 of 47
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-01 Dental Alliance Group

Columbus, Ohio, United States

Dental Alliance Group provides high quality dental products and services to dental practices and labs in 48 states. Dental Alliance Group is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 Air Innovations

North Syracuse, New York, United States

Air Innovations is a designer and builder of environmental process control systems for applications that cannot be addressed with standard HVAC equipment. The company customizes packaged solutions for temperature, humidity, filtration, and pressurization. Air Innovations was founded in 1986 and is based in North Syracuse, New York.

Buy -
SELLER

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 51 of 55
Sector: Semiconductors M&A 3 of 3
Type: Secondary Buyout M&A Deals 7 of 8
State: California M&A 6 of 6
Country: United States M&A 51 of 55
Year: 2024 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-22 Long Island Waste Services

Jericho, New York, United States

Long Island Waste Services provides solid waste solutions to commercial, residential, and industrial customers. Long Island Waste Services is based in Jericho, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-22 ThinkBig Networks

Chestertown, Maryland, United States

ThinkBig Networks is a FTTP (fiber-to-the-premises) internet service provider deploying a state-of-the-art broadband network, for residential and commercial customers, in four counties across the state of Maryland: Harford County, Kent County, Queen Anne’s County and Charles County. ThinkBig Networks was founded in 2016 and is based in Chestertown, Maryland.

Sell -