DAK was retained by Tempe, Arizona-based Lansdale Semiconductor to assist in divesting its four-inch bipolar wafer fabrication (fab) facility to allow management to concentrate on its core integrated circuit distribution business.

Despite the difficulty in marketing a business with a significant customer dependency, DAK identified Primarion, Inc., a highly strategic start-up formed by senior semiconductor executives, for whom Landsdale’s facility and production capabilities integrated perfectly into its plan to produce Very Deep Sub Micron Microprocessors. Primarion was financed by a consortium of prestigious venture capital firms, includingthe venture fund of Intel Corporation. DAK maximized value for Lansdale shareholders by structuring a transaction that included both significant cash consideration, as well as a continuing equity participation in the well-funded new venture.