Thursday, November 3, 2016

Canyon Bridge Capital Partners Acquires Lattice Semiconductor For $1.3B

Palo Alto-based private equity buyout fund Canyon Bridge Capital Partners has acquired wireless semiconductor developer Lattice Semiconductor, in a $1.3 billion acquisition deal, the companies announced this morning. Canyon Bridge Capital Partners will pay $8.30 per share in cash for Lattice Semiconductor, a 30 percent premium to Lattice's last trade price on Wednesday. Lattice was advised by Morgan Stanley & Co. LLC and Skadden, Arps, Slate, Meagher & Flom LLP in the acquisition; Canyon Bridge is being advised by Lazard and Jones Day. Lattice Semiconductor is based in Portland, Oregon.