Sanken North America Completes Private Placement of Shares Purchased by One Equity Partners for $291 Million

Sanken North America Completes Private Placement of Shares Purchased by One Equity Partners for $291 Million

2017年10月03日

Allegro MicroSystems and Polar Semiconductor Poised for Accelerated Growth and Expansion

Sanken North America, Inc. (SKNA) announced today that One Equity Partners (OEP), a middle market private equity firm with deep technology expertise, has completed a minority investment in SKNA. SKNA sold 28.8% of newly issued shares to One Equity Partners for $291 million with the proceeds returning to Sanken Electric Co., Ltd. in the form of a special dividend.

SKNA, a wholly-owned subsidiary of Sanken, is the owner of two semiconductor businesses, Allegro MicroSystems, LLC (Allegro) and Polar Semiconductor, LLC (Polar). Allegro is a leader in developing high-performance power and sensor semiconductors that serve high-growth applications within the automotive, industrial and consumer markets, while Polar Semiconductor is a manufacturer of silicon wafers. Headquartered in Worcester, Mass., SKNA has a significant presence in Manchester, N.H., and operates manufacturing facilities in both the Philippines and Thailand.

“The investment by OEP into SKNA offered a unique strategic opportunity. Sanken realized a portion of the value created in SKNA to support its restructuring and growth initiatives, while ensuring SKNA access to investments to support its continued growth and expansion opportunities,” said Yoshihiro Suzuki, Chairman of the Board, Sanken North America, Inc. and member of the Sanken Board of Directors.

“Over the past year, SKNA has focused on growth, improved competitiveness, operational enhancements, and long-range business expansion beyond magnetic sensor and power integrated circuits. By aligning with OEP and leveraging their demonstrated expertise within the semiconductor industry, we will accelerate these activities, further improving operating efficiencies, enhancing our growth strategies, and pursuing merger and acquisition opportunities,” said Ravi Vig, President and Chief Executive Officer of SKNA and Allegro MicroSystems, LLC and a member of the SKNA Board of Directors.

“我们很高兴与Sanken和Skna Management团队合作。斯科纳拥有强大的金融基础，有机良好的财务基础，有机地和通过战略性收购，“高级总经理，一个股票伙伴和斯科纳董事会成员的芯片·斯科尔说。“鉴于全球Allegro的领先地位和现在在公司处置的巨大财政资源中，我们对Allegro成为其市场的合并能力非常兴奋。”亚博电竞官网客户端yaboAPP亚博

关于Sanken Electric Company，Ltd。
Sanken Electric Co., Ltd., a leading global supplier of analog power semiconductor products, designs and manufactures a wide range of power management integrated circuits, motor control integrated circuits, LED lighting integrated circuits as well as high quality automotive semiconductor devices and discrete components. For more information, please visitwww.sanken-ele.co.jp/en/

About Sanken North America, Inc., (SKNA)
Skna是Sanken Electric Co.，Ltd。的全资子公司，是极地半导体，LLC，（极地）晶圆厂（Polar），明尼苏达（美国）和Allegro Microsystems，LLC，（Allegro）领导者的晶圆制造设施亚博棋牌游戏在开发高性能功率和传感半导体方面。Allegro的创新解决方案为汽车市场内的高增长应用提供服务，额外关注办公自动化，工业和消费/通信亚博尊贵会员解决方案。Allegro总部位于马萨诸塞州（美国）的伍斯特，拥有遍布全球的设计，应用和销售支持中心。亚博尊贵会员有关更多信息，请访问www.wangzuanquan.com.

关于一个股票伙伴（OEP）
OEP is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an extensive track record generating long-term value for its partners. Since 2001, the firm has completed more than 140 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visitwww.oneequity.com

新闻联系Sanken North America，Inc。（SKNA）：
Stephanie Fennelly
508-854-5363
sfennelly@allegromicro.com

Press contact for One Equity Partners:
Kelly Holman
646-502-3509
kholman@stantonprm.com.