What Would Joe Do?
Peggy Aycinena is a freelance journalist and Editor of EDA Confidential at www.aycinena.com. She can be reached at peggy at aycinena dot com.
Calling Srivastava, Madhavan, Rowen, Kranen: ESDA needs you on November 1st
October 13th, 2016 by Peggy Aycinena
Vital topics slated for discussion include setting the proper price for intangible assets – in-house IP, strategic partnerships, and good will – and more prosaic issues such as the appropriate legal structures and pre-deal tax planning needed to help facilitate the acquisition. Most importantly, panel organizers are also promising you’ll learn “how to avoid giving it all back to your buyer later”.
Which is where our EDA M&A Hall of Fame comes in. There’s just no way this ESD Alliance panel can carry any weight with a battle-hardened EDA audience without the likes of Sanjay Srivastava, Rajeev Madhavan, Chris Rowen, and Kathryn Kranen sitting up at the front of the room.
Because, as you will remember, Srivastava’s Denali was purchased by Cadence in 2010 for $315 million, Madhavan’s Magma was purchased by Synopsys in 2012 for $523 million, Rowen’s Tensilica was purchased by Cadence in 2013 for $380 million, and Kranen’s Jasper was acquired by Cadence in 2014 for $170 million.
All of these acquisitions were the real deal. So much so, that what the leaders of these four organizations don’t know about not “giving it all back to your buyer later” simply isn’t worth knowing.
Of course, that’s not to say that the experts who will be on the November 1st panel don’t know a thing or two. People currently set to participate include Mark White [White Summers Caffee & James LLP], Neil Shroff [Orion Capital], Tom Maier [Fudderman Dupree], Dennis Fernandez [White Summers Caffee & James], and Warren Savage [Silvaco].
Surely if you were to ask these five people to come together to consult with you on an acquisition offer from a potential buyer, you’d have to pay a sizable chunk of change to get their advice. Much easier instead to come to Cadence on November 1st, listen and learn.
Nonetheless, without the voices of experience on the panel – Srivastava, Madhavan, Rowen, Kranen – it just won’t be as weighty a discussion.
All that being said, you should still come to the ESD Alliance event – enjoy the organization’s hospitality, wine and cheese, and absorb the information the experts are offering up, info you’ll no doubt find useful as you head into the only exit available these days in EDA, being acquired.
Of course, the overarching reason you should attend the event on November 1st is for the networking. How else are you going to find out who’s selling, who’s buying, and how you can be part of their equation?
To attend the event, register here on the ESD Alliance website.
Tags: Cadence, Chris Rowen, Denali, Dennis Fernandez, ESD Alliance, Fudderman Dupree, Jasper Design Automation, Kathryn Kranen, Magma, Mark White, Neil Shroff, Orion Capital, Rajeev Madhavan, Sanjay Srivastava, Silvaco, Synopsys, Tensilica, Tom Maier, Warren Savage, White Summers Caffee & James
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