Selected M&A advisory experience
$340+ Billionof Announced M&A Transactions
Pattern Recognition | Strategic Judgment | Stakeholder Alignment | Execution Discipline
Selected M&A advisory experience across enterprise software, semiconductors, digital health, connectivity, and infrastructure.
Across selected buy-side, sell-side and carve-out mandates.
- Buy-side
- $294.3B 12 selected mandates
- Sell-side
- $41.5B 8 selected mandates
- Carve-outs / divestitures
- $6.4B 4 selected mandates
Selected transactions
M&A transaction experience.
Select a tile for transaction context and selected public coverage.
Every transaction shown is a sole or lead advisor M&A mandate. Financing and other passive roles are intentionally excluded.
Completed
AVGO
AcquirerBroadcom
→
VMW
TargetVMware
$69BEnterprise software
Broadcom → VMware
Enterprise software
A defining enterprise-software transaction designed to combine leading infrastructure software with Broadcom's scaled technology platform.
- Platform scale
Combines infrastructure software and semiconductor scale to broaden an enterprise technology platform serving complex private and hybrid cloud environments.
- Customer resilience
Brings engineering teams together to help global enterprises modernize private and hybrid clouds with greater security and resilience.
- Growth investment
Extends a proven acquisition model focused on sustained investment, customer success, and durable growth across critical infrastructure software.
Completed
INTU
AcquirerIntuit
→
MC
TargetMailchimp
$12BFintech / software
Intuit → Mailchimp
Fintech / software
A transformative expansion of Intuit's small-business platform into customer engagement and marketing automation.
- Small-business platform
Adds customer engagement and marketing capabilities to help small businesses attract customers, manage relationships, and grow through one connected platform.
- AI insights
Combines financial data and marketing insights to give entrepreneurs more personalized recommendations, clearer decisions, and stronger customer engagement.
- Founder outcome
Celebrates Mailchimp’s independent growth story while providing resources to accelerate product innovation and expand its global small-business reach.
Completed
SQ
AcquirerSquare
→
AP
TargetAfterpay
$29BFintech / payments
Square → Afterpay
Fintech / payments
A bold strategic move to connect seller economics with consumer discovery and flexible payments.
- Commerce ecosystem
Connects seller tools with consumer discovery and flexible payments, creating a more seamless commerce experience across the Square ecosystem.
- Financial inclusion
Expands accessible installment options for consumers while helping sellers reach new customers and build deeper, repeat purchasing relationships.
- Growth synergies
Creates opportunities to combine Cash App and Seller ecosystems, strengthening engagement, merchant demand, and long-term platform growth.
Attempted
NVDA
AcquirerNVIDIA
→
ARM
TargetArm Holdings
$40BSemiconductors
NVIDIA → Arm Holdings
Semiconductors
A proposed combination of accelerated computing and the architecture that underpins much of modern mobile and embedded technology.
- Computing architecture
Pairs NVIDIA’s AI computing leadership with Arm’s pervasive CPU ecosystem to accelerate innovation across cloud, edge, and mobile computing.
- R&D investment
Proposes expanded Arm research capacity in Cambridge, including advanced AI infrastructure, developer education, and a world-class innovation center.
- Ecosystem support
Commits to preserve Arm’s open licensing model while expanding its IP portfolio with NVIDIA’s GPU and AI technologies.
Completed
AVGO
AcquirerBroadcom
→
SYM
TargetSymantec Enterprise
$10.7BCybersecurity
Broadcom → Symantec Enterprise
Cybersecurity
A strategic asset acquisition that expanded Broadcom's infrastructure software footprint with enterprise security capabilities.
- Security portfolio
Adds a recognized enterprise security suite to broaden Broadcom’s infrastructure software portfolio and deepen cyber protection capabilities.
- Customer scale
Creates a larger platform for enterprise customers, pairing extensive security expertise with Broadcom’s operational scale and long-term investment.
- Innovation
Brings complementary software assets together to support continued product development, integrated security offerings, and a stronger enterprise technology franchise.
Completed RENESAS AcquirerRenesas → IDT TargetIDT $6.7BSemiconductors
Renesas → IDT
Semiconductors
A scale-building semiconductor acquisition that added analog mixed-signal, connectivity, and wireless-power capabilities.
- Product breadth
Adds analog, mixed-signal, connectivity, and wireless-power capabilities to strengthen Renesas’ embedded solutions platform across high-growth applications.
- Market leadership
Combines complementary semiconductor portfolios to help customers build smarter connected systems for automotive, industrial, data-center, and IoT markets.
- Engineering scale
Expands global reach and engineering depth, supporting faster innovation and a broader ability to serve rapidly evolving embedded markets.
Attempted
AVGO
AcquirerBroadcom
→
QCOM
TargetQualcomm
$120BSemiconductors
Broadcom → Qualcomm
Semiconductors
An industry-defining proposed transaction at the center of a global conversation about semiconductor scale and strategic control.
- Semiconductor scale
Proposes a combination designed to create one of the world’s largest semiconductor platforms, with exceptional product breadth and scale.
- Customer innovation
Brings together complementary wireless, networking, and computing capabilities that could accelerate innovation for customers across mobile and connected devices.
- Global strategy
Highlights the strategic value of combining leading chip franchises to compete more effectively in critical global technology markets.
Completed
SiLabs
AcquirerSilicon Labs
→
Z-W
TargetZ-Wave
$240MSemiconductors / IoT
Silicon Labs → Z-Wave
Semiconductors / IoT
The acquisition of an ecosystem-defining wireless business strengthened Silicon Labs' position in connected-home technology.
- IoT ecosystem
Adds the established Z-Wave ecosystem to strengthen Silicon Labs’ wireless connectivity portfolio for a rapidly growing smart-home market.
- Developer reach
Gives device makers broader protocol choice and access to a mature interoperability ecosystem, supporting faster connected-home product development.
- Technology
Combines differentiated mesh networking technology and engineering talent to expand product options across wireless IoT applications.
Completed
SIEMENS
AcquirerSiemens
→
MENT
TargetMentor Graphics
$4.5BIndustrial software
Siemens → Mentor Graphics
Industrial software
A strategic acquisition that broadened Siemens' industrial software platform across the digital product lifecycle.
- Digital platform
Extends Siemens’ digital enterprise platform across mechanical, electrical, electronic, and embedded design, creating a more integrated engineering workflow.
- Customer value
Helps manufacturers design, simulate, verify, and produce smarter products faster through a unified industrial software offering.
- Industrial leadership
Strengthens Siemens’ leadership in industrial software with complementary EDA expertise supporting automation, digitalization, and next-generation product innovation.
Completed HPE AcquirerHewlett Packard Enterprise → SGI TargetSGI $275MHPC / infrastructure
Hewlett Packard Enterprise → SGI
HPC / infrastructure
A high-performance computing transaction that expanded HPE's data analytics and advanced-compute capabilities.
- HPC leadership
Expands HPE’s high-performance computing portfolio with SGI’s advanced analytics and data-management capabilities for demanding research and enterprise workloads.
- Competitive position
Brings complementary systems and services together to strengthen HPE’s leadership in growing big-data analytics and high-performance computing markets.
- Customer outcomes
Supports larger installations and more powerful insights for public-sector and enterprise customers tackling complex, data-intensive challenges.
Completed CHARTER AcquirerCharter Communications → BBH TargetBresnan Broadband $1.6BCommunications
Charter Communications → Bresnan Broadband
Communications
A strategic cable systems acquisition from Cablevision that expanded Charter's presence across key Western U.S. markets.
- Regional reach
Expands Charter’s Western footprint with established cable systems, new communities, and substantial residential and business customer relationships.
- Integration
Pairs a strong operating fit with Charter’s platform, supporting smooth integration and improved service continuity for acquired markets.
- Broadband growth
Adds infrastructure passing hundreds of thousands of homes, creating a larger base for broadband, video, and business-services growth.
Completed SUTHERLAND AcquirerSutherland Global → AHS TargetApollo Health Street $255MHealthcare services
Sutherland Global → Apollo Health Street
Healthcare services
A strategic expansion of healthcare business-process capabilities through the acquisition of Apollo Health Street.
- Healthcare scale
Expands Sutherland’s healthcare business-process capabilities with Apollo Health Street’s payer, provider, technology, and administration expertise.
- Service breadth
Creates a more comprehensive healthcare services platform, giving clients integrated business-process, information technology, and operational support.
- Competitive position
Positions the combined organization for greater scale in U.S. healthcare outsourcing, supporting broader customer relationships and future growth.
Completed THOMA BRAVO AcquirerThoma Bravo → PROOFPOINT TargetProofpoint $12.3BCybersecurity
Thoma Bravo → Proofpoint
Cybersecurity
A landmark cybersecurity take-private transaction that delivered a substantial premium to Proofpoint shareholders.
- Cybersecurity leadership
Delivers a significant premium while recognizing Proofpoint’s leadership in human-centric cybersecurity and the strategic value of its cloud platform.
- Innovation investment
Provides resources for continued investment in security innovation, helping customers defend people, data, and communications against evolving threats.
- Long-term focus
Positions a leading software business for focused long-term growth with an experienced technology investor committed to operational excellence.
Completed TELADOC AcquirerTeladoc → LVGO TargetLivongo Health $18.5BDigital health
Teladoc → Livongo Health
Digital health
A defining digital-health combination focused on creating a comprehensive virtual-care platform.
- Virtual-care platform
Creates a comprehensive virtual-care platform that combines chronic-condition support and telehealth access for a more connected member experience.
- Healthcare delivery
Brings complementary data, coaching, and clinical capabilities together to help improve outcomes while making care more convenient.
- Global scale
Establishes a global digital-health leader with broader reach, deeper capabilities, and greater capacity to innovate across care pathways.
Completed
INFINEON
AcquirerInfineon
→
CY
TargetCypress
$10BSemiconductors
Infineon → Cypress
Semiconductors
A major semiconductor combination centered on connectivity, computing, power and the next generation of IoT applications.
- Portfolio breadth
Combines complementary connectivity, computing, and power technologies to strengthen solutions for automotive, industrial, and Internet of Things customers.
- Structural growth
Expands exposure to structural growth drivers, positioning the combined company to serve increasingly connected and intelligent devices.
- Customer solutions
Pairs product portfolios and global scale to offer customers more complete semiconductor solutions across high-value applications.
Completed SKYWORKS AcquirerSkyworks → AVN TargetAvnera $425MSemiconductors
Skyworks → Avnera
Semiconductors
An acquisition of an interface innovator with differentiated mixed-signal and audio-processing technology.
- Interface innovation
Adds differentiated analog and mixed-signal technologies for smarter audio, voice, and sensor interfaces across connected devices.
- Market expansion
Substantially expands Skyworks’ addressable market in high-growth applications spanning artificial intelligence, IoT, automotive, and enterprise systems.
- Financial profile
Supports immediate earnings accretion and margin enhancement while extending Skyworks’ reach into complementary, higher-value interface markets.
Completed
INTC
AcquirerIntel
→
eASIC
TargeteASIC
UndisclosedSemiconductors
Intel → eASIC
Semiconductors
A structured-ASIC transaction that expanded Intel's programmable-solutions portfolio for performance- and power-constrained workloads.
- Customer choice
Expands Intel’s programmable solutions portfolio, giving customers a broader path from flexible FPGA designs to efficient structured ASIC implementations.
- Time to market
Helps customers reduce power, cost, and time-to-market constraints while retaining access to scalable programmable technology expertise.
- Product roadmap
Brings eASIC talent and technology into Intel’s FPGA organization, accelerating product roadmaps and differentiated customer solutions.
Completed RHYTHMONE AcquirerRhythmOne → YUME TargetYuMe $185MDigital media
RhythmOne → YuMe
Digital media
A digital video advertising combination designed to create a scaled independent marketplace across video, CTV and programmatic media.
- Marketplace scale
Creates a scaled independent digital video marketplace by combining supply, demand, and cross-screen advertising capabilities.
- Advertiser value
Gives advertisers a more integrated platform designed to improve campaign efficiency, reach, and effectiveness across video audiences.
- Synergies
Captures expected cost synergies while bringing together experienced leadership and complementary programmatic expertise for sustainable marketplace growth.
Completed SIERRA AcquirerSierra Wireless → NMRX TargetNumerex $107MIoT
Sierra Wireless → Numerex
IoT
An IoT services combination that paired device-to-cloud expertise with recurring-service scale.
- Device-to-cloud platform
Pairs device-to-cloud technology with established managed services, creating a broader enterprise IoT platform for customers.
- Customer scale
Adds recurring revenue, sales capacity, and a global customer base to accelerate Sierra Wireless’ IoT strategy.
- Global reach
Combines worldwide presence and technical depth to help enterprises deploy, manage, and scale connected solutions more effectively.
Completed CVCI AcquirerCVCI → HOV TargetSourceHOV UndisclosedBusiness services
CVCI → SourceHOV
Business services
A dual-track process culminating in the sale of Apollo's ownership interests in a scaled BPO and KPO platform.
- Growth sponsorship
Introduces an experienced equity sponsor alongside HandsOn3, supporting SourceHOV’s next phase of expansion and strategic development.
- Client scale
Strengthens a technology-enabled BPO and KPO platform serving major enterprises with deeper investment, advice, and operational support.
- Capital structure
Creates a refreshed ownership structure designed to support accelerated growth, broader capabilities, and long-term value creation.
Completed FP + TPG AcquirerFrancisco Partners + TPG → BOOMI TargetBoomi $4.0BCloud software
Francisco Partners + TPG → Boomi
Cloud software
A $4 billion carve-out that positioned an iPaaS pioneer for its next phase of independent growth.
- iPaaS growth
Positions Boomi for its next phase of growth as a cloud-integration pioneer with dedicated technology-focused ownership.
- Customer connection
Supports continued investment in Boomi’s integration platform, helping customers connect applications, data, and workflows across complex environments.
- Independent innovation
Provides an independent operating platform and experienced sponsors to accelerate innovation, ecosystem development, and long-term software growth.
Completed STG AcquirerSTG-led consortium → RSA TargetRSA Security $2.1BCybersecurity
STG-led consortium → RSA Security
Cybersecurity
A strategic divestiture of the RSA Security portfolio to a consortium led by STG Partners.
- Independent focus
Restores RSA as an independent cybersecurity company, enabling focused leadership, accelerated innovation, and dedicated investment in trusted security solutions.
- Customer protection
Builds on RSA’s recognized risk, fraud, and identity capabilities to better support organizations managing complex digital risk.
- Growth support
Provides new ownership support and strategic capital to strengthen product focus, customer relationships, and long-term operational growth.
Completed
SMART
AcquirerSMART Global Holdings
→
CREE
TargetCree LED Products
$300MSemiconductors
SMART Global Holdings → Cree LED Products
Semiconductors
A focused divestiture of the LED Products business that supported Cree's strategic transformation toward power and materials.
- Strategic focus
Sharpens Cree’s focus on silicon carbide and gallium nitride while placing the LED business with a dedicated owner.
- Market entry
Gives SMART an established LED brand, differentiated technology, strong intellectual property, and entry into attractive niche lighting markets.
- Financial profile
Creates expected earnings and cash-flow accretion while supporting SMART’s broader growth and diversification strategy over time.
Completed TOLT AcquirerTolt Solutions → UNITY TargetUnity Managed Network Services UndisclosedConnectivity services
Tolt Solutions → Unity Managed Network Services
Connectivity services
A managed-network-services divestiture designed to place the Unity business with a focused operator.
- Service continuity
Places Unity with a focused managed-services operator, expanding the business’s ability to deliver scalable network and security support.
- Customer offering
Combines Tolt’s in-store expertise with Unity’s managed network capabilities, enhancing retail and distributed-enterprise customer offerings.
- Strategic focus
Allows iPass to concentrate resources on its core mobility platform while Unity gains a dedicated growth-oriented home.
Methodology Aggregate announced value is the sum of 21 transaction values in this selected record: values supplied for the mandates and publicly announced values for listed transactions. It includes the two proposed transactions and excludes transactions where terms were not publicly disclosed. Values are presented as announced and are not adjusted for subsequent price movements, debt, earnouts, or currency changes. Company names and logos are the trademarks of their respective owners and are used for identification only.