Presidio-Managed Continuation Vehicle and Kline Hill Partners Acquire Controlling Interest in ElevATE Semiconductor
May 11, 2023
Presidio Investors' continuation vehicle, led in the transaction by Kline Hill Partners, completed a final close to acquire a controlling interest in ElevATE Semiconductor from Presidio Investors Fund II and other shareholders. ElevATE, a San Diego-based designer of low-power, high-density integrated circuits for automated test equipment, will receive longer-term capital to support R&D, sales channel expansion and continued growth.
- Targets
- ElevATE Semiconductor
- Sellers
- Presidio Investors Fund II, Other shareholders
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Recapitalization
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