Acuity advises CML on the sale of Hyperstone to Swissbit

has been acquired by Type: Divestiture

CML Microsystems Plc (“CML”) has entered into a definitive agreement to divest its storage division, Hyperstone, to Swissbit Holding AG (“Swissbit”), a specialist producer of industrial-grade data storage and embedded IoT solutions, for $49 million in cash (the “Disposal”).

Acuity Advisors’ Andy Lister, Matthew Byatt, David Copp and Jessica Sutherland-Martin advised CML on the transaction.

Hyperstone is a fabless semiconductor company with a focus on world-class flash memory controllers for industrial embedded markets. Hyperstone’s products set the standard for flash management, providing highly reliable NAND flash performance in mission critical situations. The company has offices in Germany, Taiwan and the USA.

Under CML’s ownership, Hyperstone has grown to become a leading supplier of flash memory controllers, supplying some of the world’s largest OEMs with class-leading solutions.

The acquisition of Hyperstone strengthens Swissbit’s position as an independent European manufacturer of memory and security products and enables joint development of innovative solutions in attractive growth markets including security and embedded IoT.

The Disposal is expected to close in the first few weeks of 2021, subject to obtaining necessary regulatory approvals and other customary closing conditions.

Chris Gurry, CEO of CML, commented:

“We selected the Acuity team to work with CML on this transaction for a number of reasons, including their sector-specific M&A track-record and for their technology-driven approach. Through the process they did not disappoint, understanding the inherent core values of the business and working tirelessly and efficiently to achieve a successful outcome for all stakeholders. We would like to thank them for their invaluable support throughout.”

Andy Lister, Partner at Acuity Advisors, commented:

“We are delighted to have worked with the teams at CML, Hyperstone and Swissbit on this transaction. Hyperstone has built a world-leading position supplying its proprietary, leading-edge technology into demanding industrial markets and we wish the Hyperstone team every success under Swissbit’s stewardship.”

Matthew Byatt, Managing Partner at Acuity Advisors, commented:

“It has been a privilege for Acuity Advisors to work with CML on their sale of Hyperstone and its class-leading, industrial solid state storage solutions. As a key player in mid-market semiconductor M&A, Acuity has been able to access our extensive international network to find the right buyer for Hyperstone. I wish them every success for the future.”

Andy Lister, Partner

About Acuity Advisors

We know technology and are experts in selling businesses, securing equity investments and raising debt finance. Our partners are senior players: skilled at getting to the heart of a technology business, understanding what will attract buyers and investors, and building long-lasting relationships. We have an unrivalled understanding of the industry’s complexities and personalities – our track record and client feedback are compelling evidence of that. We’re an international firm – most of our deals are cross-border, from offices in London, Vienna, Shanghai and Silicon Valley – but we’re grounded in our approach. We move quickly when it’s needed, and we’re around for the long haul when patience is a virtue. We’ve maintained a very high success rate across hundreds of deals while keeping our focus on doing what’s right for our clients. From first meeting to successful exit, we earn the trust that clients and investors put in us. Learn more here.

© 2020 Acuity Advisors Limited

quote We selected the Acuity team to work with CML on this transaction for a number of reasons, including their sector-specific M&A track-record and for their technology-driven approach. Through the process they did not disappoint, understanding the inherent core values of the business and working tirelessly and efficiently to achieve a successful outcome for all stakeholders. We would like to thank them for their invaluable support throughout. quote
Chris Gurry, CEO CML

A conversation is never wasted. We’re confident that we can give you all the help you need, but we’ll tell you if we think there’s a better option for you.

Get in Touch Get in touch now