Jul 02

M.M. DILLON & CO SERVES AS FINANCIAL ADVISOR TO ACQUICOR TECHNOLOGY INC. IN ITS ACQUISITION OF JAZZ SEMICONFUCTOR, INC.

Acquicor Technology Inc. (“Acquicor” or the “Company”) acquired Jazz Semiconductor, Inc. (“Jazz”) for $26 million. M.M. Dillon & Co. (“Dillon”) was engaged to act as financial advisor to Acquicor. The transaction valued Jazz at $260 million, and involved a $260 million cash payment to sellers, an implied EV/Revenue of 1.1x and an implied EV/EBITDA of 16.6x

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.