European Technology Media & Telecommunications Monitor Market and Industry Update Second Quarter 2012 Piper Jaffray European TMT Team: Eric Sanschagrin Managing Director Head of European TMT
[email protected] +44 (0) 207 796 8420 Stefan Zinzen Principal
[email protected] +44 (0) 207 796 8418 Varun Verma Associate
[email protected] +44 (0) 207 796 8416 Peter Shin Analyst
[email protected] +44 (0) 207 796 8444 TECHNOLOGY MEDIA &TELECOMMUNICATIONS MONITOR Market and Industry Update Selected Piper Jaffray Q2 2012 TMT Transactions A – M&A Transactions Date: May 2012 $206,000,000 Client: NEXX Systems Inc. Appointment: Sale to Tokyo Electron Ltd. Transaction: Tokyo Electron (“TEL”), a Japan-based developer of semiconductor production Has Been Acquired By equipment, announced the completion of its acquisition of NEXX Systems (“NEXX”) for $206 million. The acquisition will expand TEL’s position in advanced packaging to include electrochemical deposition and physical vapor deposition systems that have won awards for outstanding performance, low cost of ownership, development flexibility and their extendibility to future May 2012 applications. Client Description: NEXX is a global leader in advanced semiconductor packaging equipment with focused solutions for back-end wafer level processing. PJC Role: Piper Jaffray acted as sole financial adviser to NEXX Systems. Date: April 2012 $1,400,000,000 Client: Stratasys Inc. Appointment: Merger with Objet Ltd. Transaction: Stratasys and privately held Objet announced that the boards of directors of both companies unanimously approved a definitive merger agreement under which the companies would Has Merged with combine in an all-stock transaction with a total equity value of approximately $1.4 billion.