Summitview Set to Acquire ISSI in $639.5M Take Private Deal
March 13, 2015
A consortium of investors led by Summitview Capital has entered into a definitive agreement to acquire all of the outstanding shares of Integrated Silicon Solution (NASDAQ: ISSI) for $19.25 each. The deal, which is expected to close in 3Q, values the company's equity at approximately $639.5 million. Founded in 1988, ISSI is a fabless semiconductor company that designs and markets high-performance integrated circuits geared towards the automotive, communications, industrial and digital consumer markets. For the fiscal year 2014, the company generated $329 million in annual revenues.