M.M. Dillon (“Dillon”) acted as an underwriter on the IPO of Acquicor Technology Inc. (“Acquicor” or the “Company”). The offering consisted of 25 million units, priced at $6.00 which included one common share and 2 warrants ($5.00 strike) for total proceeds of $150 million. Acquicor closed on the acquisition of Jazz Semiconductor, Inc. (“Jazz”). As part of the consideration for the transaction, Dillon acted as lead placement agent for the issuance of $167 million of new, 5-year Senior Convertible Notes, the proceeds of which were released to the Company upon successful completion of the acquisition of Jazz as part of the purchase price consideration.
About Acquicor Technology, Inc.
Acquicor Technology Inc. is a blank check company formed by Gilbert F. Amelio, Ph.D., Ellen M. Hancock and Steve Wozniak for the purpose of acquiring a business in the technology, multimedia and networking sectors, specifically businesses that develop or provide technology-based products and services in the software, semiconductor, wired & wireless networking, consumer multimedia and information technology-enabled services sectors.
About M.M. Dillon & Co.
M.M. Dillon & Co. (formerly CRT Investment Banking LLC) is an employee owned partnership where industry and product specialists collaborate closely to provide creative, idea-driven advice and solutions to its institutional and corporate clients. M.M. Dillon offers public and private financing, M&A advisory and restructuring advisory services. M.M. Dillon’s team of experienced professionals provides execution capabilities for companies across a range of industry sectors. The firm’s senior banking professionals have a minimum of 20 years of experience with major Wall Street firms. For more information visit www.mmdillon.com.