• Acuity advises Moortec Semiconductor on their sale to US EDA & Semiconductor IP Vendor Synopsys

    DIVESTITURE

Moortec Semiconductor Limited (‘Moortec’), a world leader in the design of embedded sensor and monitoring technologies used within advanced node silicon chip devices, has been acquired by Synopsys Inc. (‘Synopsys’).

Acuity Advisors’ Andy Lister, Brian Snelling, Matthew Byatt and Hazel Hartley advised Moortec on the transaction.

Established in 2005, with offices in Plymouth, Bristol and Poland, Moortec now licenses its IP solutions to many leading technology companies, allowing power, performance and device assessment to be enhanced. Moortec’s in-chip sensing subsystems can be found in a wide range of commercial applications such as datacenter, automotive and 5G communications where the highest performance at the most cutting-edge silicon technologies is required.

In 2016, Moortec received investment from Altitude Partners, a regional private equity fund who has helped the company scale rapidly.

The acquisition by Synopsys, will allow the business to grow further as it becomes part of their recently announced Silicon Lifecycle Management Platform (‘SLM’), a data-analytics-driven platform that enables critical improvement in performance, reliability, functional safety and security.

Stephen Crosher, CEO of Moortec, commented:

“From the outset, the Acuity Advisors team were able to quickly appreciate the strategic significance of our technology offering and Moortec’s unique positioning within the industry. Acuity Advisors provided sector-aware guidance to our senior team, methodically working with us and Synopsys to reach this successful outcome which will benefit not only our employees and shareholders but also our combined global customer base. We are extremely pleased to have selected Acuity Advisors and we thank them for the invaluable professional support they have provided.”

Simon White, Partner at Altitude, commented:

“We chose Acuity Advisors because of the depth of their sector knowledge and track record. They have been excellent to work with on this complex cross border transaction providing measured and consistent advice throughout. This is an excellent result for Altitude and we also thank them for their unwavering support throughout.”

Andy Lister, Partner at Acuity Advisors, commented:

“Huge congratulations to Moortec and Altitude on this landmark transaction. Moortec’s in-chip monitoring technology plays a key role in unlocking the semiconductor industry’s data revolution, providing game-changing improvements across the chip lifecycle. It’s been a pleasure working with another leading-edge UK technology company and we wish the team every success under Synopsys’ ownership.”

Matthew Byatt, Managing Partner at Acuity Advisors, commented:

“We are delighted to have worked with Moortec, Altitude and Synopsys on this transaction, Acuity Advisors’ sixth semiconductor deal this year, further demonstrating our market-leading position in the sector.”

“From the outset, the Acuity Advisors team were able to quickly appreciate the strategic significance of our technology offering and Moortec’s unique positioning within the industry. Acuity Advisors provided sector-aware guidance to our senior team, methodically working with us and Synopsys to reach this successful outcome which will benefit not only our employees and shareholders but also our combined global customer base. We are extremely pleased to have selected Acuity Advisors and we thank them for the invaluable professional support they have provided.”

STEPHEN CROSHER | CEO
Moortec

Team Members

THOUGHTFUL SUB HEADLINE GOES HERE.

Andy has spent the last ten years advising entrepreneurs, shareholders and boards on business sales, acquisitions, equity fund raisings, valuations and strategic reviews. Andy has worked with clients in a number of technology-enabled sectors, including smart infrastructure, the internet of things, M2M communications and clean technology, and has also worked with a number of high growth manufacturing and industrial distribution businesses.

Andy has a particular interest in cross border M&A, has completed deals with North American, European, African and Asian counterparties, and brings practical emerging markets experience having worked as an M&A advisor in India from 2008 – 2010.

Andy is a prize-winning chartered accountant, qualifying in 2004 with KPMG in Leeds, before joining KPMG’s Corporate Finance team in London in 2005. Andy was a Director at KPMG before joining Acuity in July 2015.

SUBSCRIBE TO SUCCESSES UPDATES