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Tallwood Venture Capital to invest $42 million in Ikanos Communications

Apr 23, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Ikanos Communications Inc (IKAN)

Tallwood Venture Capital, a venture capital firm that invests in semiconductor and semiconductor-related technologies, has agreed to acquire 24 million shares of Ikanos Communications, Inc., a provider of silicon and software for interactive broadband, at a price of $1.75 per share for a total consideration of $42 million. Both the parties are based in the US.

In addition, Tallwood Venture will receive warrants to acquire an additional 7.8 million shares of common stock at $1.75 per share.

Upon completion of the transactions, Tallwood Venture will own approximately 45% of the outstanding shares of Ikanos. 

Deal Value (US$ Million) 42
Deal Type                Private Equity
Sub-Category             None
Deal Status              Announced: 2009-04-22

Deal Participants 

Target (Company) Ikanos Communications, Inc.

% Acquisition 45%

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Ikanos Communications Inc (IKAN)


Related terms: acquisition, bandwidth, communications, Private Equity, semiconductors, software, technology, venture capital

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