Tech Company M&A Transactions
NexPlanar Acquisition
NexPlanar was acquired by Cabot Microelectronics. The transaction was announced on 9/28/2015. Deal value was $142 million.
Transaction Overview
Company Name
Acquired By
Announced On
9/28/2015
Transaction Type
M&A
Amount
$142,000,000
M&A Terms
Under the acquisition agreement, Cabot Microelectronics will purchase 100 percent of the stock of NexPlanar for a purchase price of approximately $142 million, plus up to an additional $2.3 million depending upon treatment of certain unvested stock options held by NexPlanar security holders. At closing, NexPlanar is expected to have approximately $15 million of cash and no debt. The company intends to fund the acquisition from its available cash balance.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
7175 NW Evergreen Parkway 200
Hillsboro, OR 97124
USA
Hillsboro, OR 97124
USA
Phone
Website
Email Address
Overview
NexPlanar builds the next generation of chemical mechanical planarization (CMP) pads for the semiconductor device industry. Our propriety nano-domain technology coupled with patented molded grooves and the unique ability to tune the pads results in dramatically improved yields and lower cost of ownership with extended pad life.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
James LaCasse
Chief Financial Officer
David Davies
VP - Engineering
Robert Kerprich
VP - Operations
Don Schoeppner
VP - Sales
Scott Hirst
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Where The Data Comes From
Our team works diligently to document funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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