April 25, 2007
Golden Gate Capital Appoints Seasoned Semiconductor Executive Jai Hakhu As Senior Advisor to the Firm
In today's announcement, Golden Gate Capital, a leading private equity fund with investments across the broader technology industry, including different segments of the semiconductor tools and device markets, named Jai Hakhu as Senior Advisor. Previously, Jai had been a Vice President at Rockwell International and at Varian Semiconductors; most recently, he was Corporate Vice President and General Manager at Intel Corporation. Jai is also President and CEO of RC International. Jai, a 28-year-veteran of the Semiconductor Industry holds a Bachelor's, Master's and Ph.D. in Electrical Engineering.
In his new position, Jai will work closely with Golden Gate Capital's existing semiconductor portfolio companies. He will also give advice on potential future investments in semiconductors and other related sectors.
"Jai's impressive credentials in the semiconductor industry provide a tremendous asset for our portfolio companies and a valuable resource for evaluating future opportunities," said David Dominik, Managing Director at Golden Gate Capital. "His hiring is consistent with Golden Gate Capital's approach across our portfolio to partner with world class management teams to drive growth and innovation in each company's respective field."
Prior to hiring Jai, Golden Gate Capital purchased two semiconductor related companies: Vistec Semiconductor Systems (formerly Leica Microsystem's Semiconductor Equipment Division) in September 2005 and Teridian (formerly TDK America) in April 2005. Vistec Semiconductor Systems is a global leader in process metrology and direct write e-beam tools, and Teridian Semiconductor is an innovator of fabless devices for various industrial and communication markets. Golden Gate also has an investment in Freescale Semiconductor, a global leader in the design and manufacture of embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets.
As part of this announcement, Jai will join the boards of Vistec and Teridian.
"I am excited to join Golden Gate Capital and work closely with these management teams" said Jai Hakhu. "Vistec and Teridian both have strong products, technology, and people foundations upon which to build and I look forward to helping each company realize the extraordinary potential in front of it."
About Vistec Semiconductor Systems
Vistec Semiconductor Systems is a leader in the design and manufacturing of state-of-the-art quality control and defect analysis solutions as well as electron-beam lithography systems for the semiconductor industry. Its technology uses strong competencies in high-precision optics, mechanics, and software supported systems integration. This business was originally the Semiconductor Equipment Division of Leica Microsystems.
For additional information, visit http://www.vistec-semi.com/
About Teridian Semiconductor
Teridian Semiconductor Corporation, based in Irvine, CA, designs and develops advanced analog and mixed--signal integrated circuits. It provides its customers with world-class solutions based on the latest CMOS technology. It specific areas of expertise are residential and industrial electricity meter controllers, smart card reader authentication, modems and modem AFE products, audio/video switching, and telecom line interface units.
For additional information, visit http://www.teridian.com/
About Freescale Semiconductor
Freescale Semiconductor, Inc. is a global leader in the design and manufacture of embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets. Based in Austin, Texas and formerly the semiconductor division of Motorola, it has over 50 years of operating experience in the semiconductor industry, including design, research and development, manufacturing of sales operations in more than 30 countries.
For additional information, visit http://www.freescale.com/
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with over $3.3 billion of capital under management. Golden Gate is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. The firm targets investments that demonstrable opportunity to enhance significantly a company's value. The principals of Golden Gate have a long and successful history of investing with management partners across a wide range of industries and transaction types, including leveraged buyouts, recapitalizations, corporate divestitures and spin-offs, build-ups and venture stage investing.
For additional information, visit http://www.goldengatecap.com/