Divestment to an affiliate of The Carlyle Group in exchange for a minority equity stake in newly-capitalized venture allows MACOM to participate in NewCo's potential long-term value creation
"After a thorough review process, we are very excited about the sale of
the Compute business and the opportunity it provides for both the
employees of that business and our shareholders," said
Equity for Carlyle's investment came from Carlyle Partners VI, a
Evercore acted as exclusive financial advisor and
MACOM enables a better-connected and safer world by delivering breakthrough semiconductor technologies for optical, wireless and satellite networks that satisfy society's insatiable demand for information.
Today, MACOM powers the infrastructure that millions of lives and livelihoods depend on every minute to communicate, transact business, travel, stay informed and be entertained. Our technology increases the speed and coverage of the mobile Internet and enables fiber optic networks to carry previously unimaginable volumes of traffic to businesses, homes and datacenters.
Keeping us all safe, MACOM technology enables next-generation radars for air traffic control and weather forecasting, as well as mission success on the modern networked battlefield.
MACOM is the partner of choice to the world's leading communications infrastructure, aerospace and defense companies, helping solve their most complex challenges in areas including network capacity, signal coverage, energy efficiency and field reliability, through its best-in-class team and broad portfolio of analog RF, microwave, millimeterwave, photonic and mixed-signal PHY semiconductor products.
MACOM is a pillar of the semiconductor industry, thriving for more than 60 years of daring to change the world for the better, through bold technological strokes that deliver true competitive advantage to customers and superior value to investors.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements based on MACOM management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include, among others, statements concerning the divestment, including those regarding any impact on MACOM and its results of operations or shareholders, the future value creation, prospects or results of the divested business, or the merits of or future outcomes associated with MACOM's minority investment in the divested business. Forward-looking statements include all statements that are not historical facts and generally may be identified by terms such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "seeks," "should," "will," "would" or similar expressions and the negatives of those terms.
Forward-looking statements contained in this press release reflect
MACOM's current views about future events and are subject to risks,
uncertainties, assumptions and changes in circumstances that may cause
those events or our actual activities or results to differ materially
from those expressed in any forward-looking statement. Although MACOM
believes that the expectations reflected in the forward-looking
statements are reasonable, it cannot and does not guarantee future
events, results, actions, levels of activity, performance or
achievements, including the final impact or outcome of the divestment or
any future return on investment in MACOM's minority stake in the
divested business. Readers are cautioned not to place undue reliance on
these forward-looking statements. A number of important factors could
cause actual results to differ materially from those indicated by the
forward-looking statements, including, among others, costs associated
with the divestment, delays in or inability to complete anticipated
divestiture, transition and restructuring activities, disruption or
disputes with NewCo, Carlyle, employees, customers, suppliers, licensors
or others arising from the divestiture or related activity, failure to
achieve expected synergies and other anticipated benefits of the
transaction, as well as those factors described in "Risk Factors" in
MACOM's filings with the
Vice President of IR
Investor Relations Contacts:
EVP, Investor Relations
Vice President, Investor Relations
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