A big deal in the semiconductor industry has just been announced, and there are two big winners on Wall Street.
Analog Devices on Tuesday announced a deal to buy Linear Technologies for $14.8 billion.
Credit Suisse is the exclusive financial adviser to Analog, and is also providing debt financing for the deal alongside JPMorgan and Bank of America Merrill Lynch. Qatalyst Partners is the exclusive financial adviser to Linear.
Credit Suisse is expected to receive $25 million to $30 million in advisory fees, according to estimates from Freeman & Co. It will also share in $35 million to $40 million in financing fees. Qatalyst is expected to get $30 million to $35 million in fees.
The deal marks a win for Credit Suisse, which has seen a number of departures from its tech M&A team in recent months. The key advisers to Analog on this deal are David Wah, Ernie Ruehl, and Steve Geller, according to a person familiar with the deal.
The bank has a strong track record on semiconductor deals, advising NXP on the sale of its standard-products business to a group of Chinese investors for $2.75 billion earlier this year.
Qatalyst, meanwhile, has a strong run in tech M&A. It recently advised LinkedIn on its sale to Microsoft, and has been hired by Lyft.
Separately, Chinese tech conglomerate LeEco announced on Tuesday that it will buy US-based TV maker Vizio for $2 billion in cash. Bank of America Merrill Lynch acted as adviser to the special committee of the Vizio board of directors on that deal.
