Intel Acquires Tower Semiconductor for $5.4 Billion

Intel to Sell 10% Stake in IMS Nanofabrication to TSMC for $430 Million

September 12, 2023

IT Services

Intel agreed to sell a 10% minority stake in its IMS Nanofabrication business to Taiwan Semiconductor Manufacturing Company (TSMC) in a deal valued at about $430 million. The investment values IMS at roughly $4.3 billion, with Intel retaining majority ownership as IMS continues operating as a standalone subsidiary under CEO Dr. Elmar Platzgummer.

American Tower Acquires CoreSite Realty Corporation

November 15, 2021

Infrastructure

American Tower Corporation entered into a definitive agreement to acquire CoreSite Realty Corporation for $170.00 per share in cash, valuing the transaction at approximately $10.1 billion including assumed/repayment of CoreSite debt. The deal was unanimously approved by both boards and was subsequently closed after completion of the tender offer and merger process.

Intel Enters Semiconductor Co-Investment with Brookfield Infrastructure for Up to $30B Arizona Manufacturing Expansion

August 26, 2022

Manufacturing

Intel and Brookfield Infrastructure (an infrastructure affiliate of Brookfield Asset Management) signed a definitive agreement to co-invest in Intel’s Ocotillo campus manufacturing expansion in Chandler, Arizona. The parties will jointly invest up to $30 billion, with Intel funding 51% and Brookfield funding 49%, while Intel retains majority ownership and operating control of the new leading-edge chip factories. The transaction is expected to close by the end of 2022, subject to customary closing conditions.

Semtech Corporation to Acquire Sierra Wireless

August 2, 2022

IT Services

Semtech Corporation agreed to acquire Sierra Wireless in an all-cash transaction for $31 per share, valuing the deal at approximately $1.2 billion, subject to customary closing conditions. The combination is intended to create a chip-to-Cloud IoT platform bringing together LoRa and cellular connectivity plus IoT Cloud services.

Sensor Tower Acquires market intelligence platform data.ai

March 18, 2024

Data & Analytics

Sensor Tower has acquired market intelligence and mobile app analytics provider data.ai for an undisclosed amount, combining the two companies' data assets and product suites to create a broader digital intelligence offering. Bain Capital Credit led financing for the transaction with follow-on investments from Riverwood Capital and Paramark Ventures; the deal is intended to expand Sensor Tower's product capabilities, APAC presence and enterprise customer base.

Bain Capital Special Situations Takes ~20% Stake in IMS Nanofabrication from Intel

June 21, 2023

Manufacturing

Bain Capital Special Situations agreed to acquire an approximately 20% minority stake in IMS Nanofabrication GmbH from Intel in a deal that values IMS at about $4.3 billion. The investment (expected to close in Q3 2023) will leave IMS operating as a standalone subsidiary led by CEO Dr. Elmar Platzgummer and is intended to accelerate the company's technology innovation and market expansion in multi-beam mask writing for advanced semiconductor nodes.