Amid huge industry growth, Presidio extends hold on semiconductor testing company
Presidio saw an opportunity to extend its hold over Elevate as it continues to implement its growth plan that includes further spending and future acquisitions.
Playing off of tailwinds from the global shortage of computer chips, Presidio Investors closed a deal that provides more time and capital for its portfolio company Elevate Semiconductor. The company, a 2018 Presidio investment, makes and distributes components for the testing of semiconductors. Diagnosing faults in computer chips plays a “mission critical” role in the global supply of semiconductors, said Raudel Yanez, managing director at Kline Hill Partners, which led the single-asset secondary into…
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