Sino IC Capital Inks Deal to Acquire Xcerra Corporation

Norwood, Massachusetts-based Xcerra Corporation is being acquired by Unic Capital Management Co., Ltd., an affiliate of Sino IC Capital for roughly US$ 578 million. The deal was signed on April 7, 2017. Unic Capital is buying all the outstanding shares of Xcerra for US$ 10.25 per share in cash. The deal values Xcerra’s equity at approximately US$ 578 million on a fully diluted basis. Unic Capital is being backed by the state-owned China Integrated Circuit Industry Investment Fund Co., Ltd., which is managed by Sino IC Capital. Sino IC Capital is the largest semiconductor investor in China, commanding a US$ 20 billion arsenal. The deal also gives Xcerra access to Sino IC Capital’s leasing program.

Xcerra and the Industry

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