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.

Selected M&A record 24Announced transactions

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

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.

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24 transactions
Buy-side2022Completed AcquirerBroadcom → TargetVMware $69BEnterprise software
Buy-side advisory / 2022
Completed

Broadcom → VMware

Enterprise software

$69BAnnounced transaction value
Advised partyBroadcom
Transaction typeBuy-side advisory
Strategic context

A defining enterprise-software transaction designed to combine leading infrastructure software with Broadcom's scaled technology platform.

Selected public coverage
  • 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.

Buy-side2021Completed AcquirerIntuit → TargetMailchimp $12BFintech / software
Buy-side advisory / 2021
Completed

Intuit → Mailchimp

Fintech / software

$12BAnnounced transaction value
Advised partyIntuit
Transaction typeBuy-side advisory
Strategic context

A transformative expansion of Intuit's small-business platform into customer engagement and marketing automation.

Selected public coverage
  • 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.

Buy-side2021Completed AcquirerSquare → TargetAfterpay $29BFintech / payments
Buy-side advisory / 2021
Completed

Square → Afterpay

Fintech / payments

$29BAnnounced transaction value
Advised partySquare
Transaction typeBuy-side advisory
Strategic context

A bold strategic move to connect seller economics with consumer discovery and flexible payments.

Selected public coverage
  • 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.

Buy-side2020Attempted AcquirerNVIDIA → TargetArm Holdings $40BSemiconductors
Buy-side advisory / 2020
Attempted

NVIDIA → Arm Holdings

Semiconductors

$40BAnnounced transaction value
Advised partyNVIDIA
Transaction typeBuy-side advisory
Strategic context

A proposed combination of accelerated computing and the architecture that underpins much of modern mobile and embedded technology.

Selected public coverage
  • 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.

Buy-side2019Completed AcquirerBroadcom → TargetSymantec Enterprise $10.7BCybersecurity
Buy-side advisory / 2019
Completed

Broadcom → Symantec Enterprise

Cybersecurity

$10.7BAnnounced transaction value
Advised partyBroadcom
Transaction typeBuy-side advisory
Strategic context

A strategic asset acquisition that expanded Broadcom's infrastructure software footprint with enterprise security capabilities.

Selected public coverage
  • 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.

Buy-side2018Completed RENESAS AcquirerRenesas → IDT TargetIDT $6.7BSemiconductors
Buy-side advisory / 2018
Completed

Renesas → IDT

Semiconductors

$6.7BAnnounced transaction value
Advised partyRenesas
Transaction typeBuy-side advisory
Strategic context

A scale-building semiconductor acquisition that added analog mixed-signal, connectivity, and wireless-power capabilities.

Selected public coverage
  • 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.

Buy-side2017Attempted AcquirerBroadcom → TargetQualcomm $120BSemiconductors
Buy-side advisory / 2017
Attempted

Broadcom → Qualcomm

Semiconductors

$120BAnnounced transaction value
Advised partyBroadcom
Transaction typeBuy-side advisory
Strategic context

An industry-defining proposed transaction at the center of a global conversation about semiconductor scale and strategic control.

Selected public coverage
  • 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.

Buy-side2017Completed AcquirerSilicon Labs → Z-W TargetZ-Wave $240MSemiconductors / IoT
Buy-side advisory / 2017
Completed

Silicon Labs → Z-Wave

Semiconductors / IoT

$240MAnnounced transaction value
Advised partySilicon Labs
Transaction typeBuy-side advisory
Strategic context

The acquisition of an ecosystem-defining wireless business strengthened Silicon Labs' position in connected-home technology.

Selected public coverage
  • 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.

Buy-side2016Completed AcquirerSiemens → MENT TargetMentor Graphics $4.5BIndustrial software
Buy-side advisory / 2016
Completed

Siemens → Mentor Graphics

Industrial software

$4.5BAnnounced transaction value
Advised partySiemens
Transaction typeBuy-side advisory
Strategic context

A strategic acquisition that broadened Siemens' industrial software platform across the digital product lifecycle.

Selected public coverage
  • 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.

Buy-side2016Completed HPE AcquirerHewlett Packard Enterprise → SGI TargetSGI $275MHPC / infrastructure
Buy-side advisory / 2016
Completed

Hewlett Packard Enterprise → SGI

HPC / infrastructure

$275MAnnounced transaction value
Advised partyHewlett Packard Enterprise
Transaction typeBuy-side advisory
Strategic context

A high-performance computing transaction that expanded HPE's data analytics and advanced-compute capabilities.

Selected public coverage
  • 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.

Buy-side2013Completed CHARTER AcquirerCharter Communications → BBH TargetBresnan Broadband $1.6BCommunications
Buy-side advisory / 2013
Completed

Charter Communications → Bresnan Broadband

Communications

$1.6BAnnounced transaction value
Advised partyCharter Communications
Transaction typeBuy-side advisory
Strategic context

A strategic cable systems acquisition from Cablevision that expanded Charter's presence across key Western U.S. markets.

Selected public coverage
  • 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.

Buy-side2012Completed SUTHERLAND AcquirerSutherland Global → AHS TargetApollo Health Street $255MHealthcare services
Buy-side advisory / 2012
Completed

Sutherland Global → Apollo Health Street

Healthcare services

$255MAnnounced transaction value
Advised partySutherland Global
Transaction typeBuy-side advisory
Strategic context

A strategic expansion of healthcare business-process capabilities through the acquisition of Apollo Health Street.

Selected public coverage
  • 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.

Sell-side2021Completed THOMA BRAVO AcquirerThoma Bravo → PROOFPOINT TargetProofpoint $12.3BCybersecurity
Sell-side advisory / 2021
Completed

Thoma Bravo → Proofpoint

Cybersecurity

$12.3BAnnounced transaction value
Advised partyProofpoint
Transaction typeSell-side advisory
Strategic context

A landmark cybersecurity take-private transaction that delivered a substantial premium to Proofpoint shareholders.

Selected public coverage
  • 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.

Sell-side2020Completed TELADOC AcquirerTeladoc → LVGO TargetLivongo Health $18.5BDigital health
Sell-side advisory / 2020
Completed

Teladoc → Livongo Health

Digital health

$18.5BAnnounced transaction value
Advised partyLivongo Health
Transaction typeSell-side advisory
Strategic context

A defining digital-health combination focused on creating a comprehensive virtual-care platform.

Selected public coverage
  • 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.

Sell-side2019Completed INFINEON AcquirerInfineon → TargetCypress $10BSemiconductors
Sell-side advisory / 2019
Completed

Infineon → Cypress

Semiconductors

$10BAnnounced transaction value
Advised partyCypress
Transaction typeSell-side advisory
Strategic context

A major semiconductor combination centered on connectivity, computing, power and the next generation of IoT applications.

Selected public coverage
  • 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.

Sell-side2018Completed SKYWORKS AcquirerSkyworks → AVN TargetAvnera $425MSemiconductors
Sell-side advisory / 2018
Completed

Skyworks → Avnera

Semiconductors

$425MAnnounced transaction value
Advised partyAvnera
Transaction typeSell-side advisory
Strategic context

An acquisition of an interface innovator with differentiated mixed-signal and audio-processing technology.

Selected public coverage
  • 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.

Sell-side2018Completed AcquirerIntel → eASIC TargeteASIC UndisclosedSemiconductors
Sell-side advisory / 2018
Completed

Intel → eASIC

Semiconductors

UndisclosedTerms not announced
Advised partyeASIC
Transaction typeSell-side advisory
Strategic context

A structured-ASIC transaction that expanded Intel's programmable-solutions portfolio for performance- and power-constrained workloads.

Selected public coverage
  • 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.

Sell-side2017Completed RHYTHMONE AcquirerRhythmOne → YUME TargetYuMe $185MDigital media
Sell-side advisory / 2017
Completed

RhythmOne → YuMe

Digital media

$185MAnnounced transaction value
Advised partyYuMe
Transaction typeSell-side advisory
Strategic context

A digital video advertising combination designed to create a scaled independent marketplace across video, CTV and programmatic media.

Selected public coverage
  • 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.

Sell-side2017Completed SIERRA AcquirerSierra Wireless → NMRX TargetNumerex $107MIoT
Sell-side advisory / 2017
Completed

Sierra Wireless → Numerex

IoT

$107MAnnounced transaction value
Advised partyNumerex
Transaction typeSell-side advisory
Strategic context

An IoT services combination that paired device-to-cloud expertise with recurring-service scale.

Selected public coverage
  • 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.

Sell-side2013Completed CVCI AcquirerCVCI → HOV TargetSourceHOV UndisclosedBusiness services
Sell-side advisory / 2013
Completed

CVCI → SourceHOV

Business services

UndisclosedTerms not announced
Advised partySourceHOV / Apollo stake
Transaction typeSell-side advisory
Strategic context

A dual-track process culminating in the sale of Apollo's ownership interests in a scaled BPO and KPO platform.

Selected public coverage
  • 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.

Carve-out / divestiture2021Completed FP + TPG AcquirerFrancisco Partners + TPG → BOOMI TargetBoomi $4.0BCloud software
Carve-out / divestiture / 2021
Completed

Francisco Partners + TPG → Boomi

Cloud software

$4.0BAnnounced transaction value
Advised partyDell Technologies
Transaction typeCarve-out / divestiture
Strategic context

A $4 billion carve-out that positioned an iPaaS pioneer for its next phase of independent growth.

Selected public coverage
  • 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.

Carve-out / divestiture2020Completed STG AcquirerSTG-led consortium → RSA TargetRSA Security $2.1BCybersecurity
Carve-out / divestiture / 2020
Completed

STG-led consortium → RSA Security

Cybersecurity

$2.1BAnnounced transaction value
Advised partyDell Technologies
Transaction typeCarve-out / divestiture
Strategic context

A strategic divestiture of the RSA Security portfolio to a consortium led by STG Partners.

Selected public coverage
  • 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.

Carve-out / divestiture2020Completed SMART AcquirerSMART Global Holdings → TargetCree LED Products $300MSemiconductors
Carve-out / divestiture / 2020
Completed

SMART Global Holdings → Cree LED Products

Semiconductors

$300MAnnounced transaction value
Advised partyCree
Transaction typeCarve-out / divestiture
Strategic context

A focused divestiture of the LED Products business that supported Cree's strategic transformation toward power and materials.

Selected public coverage
  • 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.

Carve-out / divestiture2014Completed TOLT AcquirerTolt Solutions → UNITY TargetUnity Managed Network Services UndisclosedConnectivity services
Carve-out / divestiture / 2014
Completed

Tolt Solutions → Unity Managed Network Services

Connectivity services

UndisclosedTerms not announced
Advised partyiPass
Transaction typeCarve-out / divestiture
Strategic context

A managed-network-services divestiture designed to place the Unity business with a focused operator.

Selected public coverage
  • 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.