Advised IPDiA, the leading 3D silicon capacitor manufacturer, on its sale to Murata, Japan’s leader in electronic components
Oct 2016
acquired by
  • Sector: Systems & Deep Tech
  • Deal Type: Strategic Deals; Venture Capital Exits
  • Engagement type: Sellside
  • Size: <$200m
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Arma Partners is pleased to announce that it has acted as exclusive financial advisor to IPDiA on its sale to Murata (Ticker: TSE 6981).

IPDiA was formed in 2009 as a spin-out from NXP, backed by Prime Ventures, Seventure Partners, Emertec, NCI and CEA Investissement. The company is dedicated to the manufacturing of leading edge integrated passive devices and 3D silicon capacitors. IPDiA’s technology has been adopted by global leaders in sectors such as medical electronics, semiconductors and high reliability industries.

Murata is a global leader in the design, manufacturing and supply of advanced electronic materials, electronic components and multi-functional, high-density modules. The acquisition of IPDiA will enhance Murata’s product portfolio and position as the leading provider of high reliability capacitors and a pioneer in 3D silicon capacitors.

This transaction, which follows recent Arma-advised transactions with Bharti, NTT, Rakuten and Softbank, illustrates our unique ability to secure outstanding outcomes on cross-border transactions with strategic buyers in Asia.

– Founded in 2009 as a spin-off from NXP, IPDiA is a 3D silicon capacitor technology pioneer dedicated to the manufacturing of leading edge integrated passive devices

– IPDiA leverages a unique, patented, 3D silicon capacitor technology combining enhanced performance with increased miniaturisation

– The company serves a diverse range of blue chip customers, including across the medical electronics, semiconductors and high reliability industries

– The company is headquartered in Caen, France

– Founded in 1944, Murata is a global leader in the design, manufacturing and supply of advanced electronic components and multi-functional, high-density modules

– Murata’s Modules segment offers power supplies, communication modules and other modules, whereas the Components segment offers capacitors, piezoelectric components and other components

– Murata’s product offering is sold for use mainly in telecommunication, computer, audio, video and automotive electronics industries

– Based in Kyoto, Japan, the company is listed on the TSE

– Murata is aiming at having new products accounting for 40% of sales by 2018

– The acquisition enhances Murata’s product portfolio and overall position as the leading provider of high reliability capacitors and a pioneer in 3D silicon capacitors

– Combining IPDiA’s 3D silicon capacitor technologies with Murata’s current technologies and product portfolio enables Murata to meet customers’ high reliability requirements in automotive and other demanding markets

– The transaction adds incremental geographical presence to IPDiA in the Asian and US markets, while driving further adoption of the company’s products

– Arma Partners was engaged to run a focused process around a limited number of credible buyers with minimal disruption to the core business

– Arma Partners supported IPDiA and Murata to assess potential synergies, resulting in the buyer significantly improving its initial bid

– Arma Partners coordinated a complex transaction between two parties with very different business cultures and  successfully navigated the buyer through local requirements (employment, state funding, regulation, etc.)

– This transaction demonstrates Arma Partners’ unique ability to secure outstanding outcomes on cross-border transactions with strategic buyers in Asia