|[April 06, 2017]
Shanhai Capital Completes Acquisition of Analogix Semiconductor
Semiconductor, Inc. and Beijing Shanhai Capital Management Co, Ltd.
(Shanhai Capital), today jointly announced the completion of the
approximately $500 million acquisition of Analogix Semiconductor. China
Integrated Circuit Industry Investment Fund Co., Ltd. (China IC Fund)
joined Shanhai Capital's fund as one of the limited partners.
"We are very pleased to have completed the transaction," said Dr. Kewei
Yang, Analogix Semiconductor's chairman and CEO. "Enhanced by the strong
financial support of our new investors, Analogix's future is brighter
than ever. We are excited to continue building and growing Analogix into
a global leader in high-performance semiconductors."
"As Analogix's key financial partner and investor, we look forward to
leveraging our resources to accelerate the company's growth into new
markets," said Mr. Xianfeng Zhao, Chairman of Shanhai Capital. "We will
build on the strength of the company's core technology and customer
relationships to create an exceptional semiconductor company that will
be publicly listed in China."
Sino-American International Investment Ltd, and Needham & Company, LLC
served as financial advisors to Analogix Semiconductor. O'Melveny &
Myers LLP served as legal counsel to Analogix Semiconductor.
Pillsbury Winthrop Shaw Pittman LLP and Jingtian & Gongcheng acted as
legal counsel to Beijing Shanhai Capital Management Co.
About Analogix Seiconductor
Analogix Semiconductor, Inc. designs and manufactures semiconductors for
the digital multimedia market, from portable devices such as smartphones
to high-end graphics cards and large, high-definition displays. Analogix
is the market leader in providing end-to-end interface connectivity
semiconductor solutions for DisplayPort, including high-speed signal
conditioners and the SlimPort family of products, and an industry leader
in mobile display controllers, such as low-power, high-speed timing
controller solutions. The DisplayPort standard is an innovative,
packetized digital interface for high-resolution video and audio that
was developed by the Video Electronics Standards Association (VESA).
SlimPort branded products are compliant with DisplayPort, Mobility
DisplayPort (MyDP), and DisplayPort Alternate Mode over the USB Type-C
For more information visit www.analogix.com
follow us on Twitter (News - Alert) @Analogix
or connect with us on LinkedIn.
About Beijing Shanhai Capital Management Co, Ltd.
Headquartered in Beijing, China, Shanhai Capital is a pioneer buyout
fund in healthcare and technology managing RMB and USD-denominated
funds. Its investment professionals have deep industry knowledge and are
dedicated to a long-term investment horizon portfolio. By leveraging its
resources and expertise, Shanhai Capital brings value-added services and
accelerates the growth of its portfolio companies.
Analogix and SlimPort are trademarks or registered trademarks of
Analogix Semiconductor, Inc. All other trademarks and trade names are
the property of their respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170406006025/en/
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