TDK Corporation has acquired Hutchinson Technology
October 2016 — TDK Corporation has acquired Hutchinson Technology for US$245.1 million.
TDK Corporation is a Japanese multinational electronics company that manufactures electronic materials, electronic components and recording and data-storage media. Through its Milpitas, California-based subsidiary Headway Technologies, Inc., TDK Corporation designs and manufactures recording heads for high performance hard disk drives.
Hutchinson Technology is a designer and manufacturer of precision components for electronic devices, specializing in suspension assemblies for hard disk drives (HDD). It sells suspension assemblies primarily to HDD original equipment manufacturers. The company is headquartered in Hutchinson, Minnesota, with additional operations in Wisconsin (USA) and Thailand.
Our role in the transaction
One of Oaklins' teams in California acted as financial advisor to the buyer in this transaction.
Talk to the deal team
Stephen Perry
Oaklins Janes Capital
Ken Fukumoto
Oaklins Janes Capital
Related deals
Moneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn moreTA Associates has completed a sell-down of its stake in Eurowag
TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).
Learn moreDIGMATIX has entered the Czech market through the acquisition of LLP CRM
DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.
Learn more