One Equity Partners’ Acquisition of ePak Resources

Goodwin advised ePak Resources on the transaction

One Equity Partners (“OEP“), a leading middle market private equity firm, today announced the completion of its acquisition of ePak Resources (“ePak“ or “the Company“), a designer and manufacturer of precision-engineered packaging for semiconductor, integrated circuits (“ICs“) and electronic components. While financial terms of the private transaction were not disclosed, management will continue to own a significant stake in the Company.

Headquartered in Austin, Texas, ePak makes high quality wafer and IC handling and packaging products such as boxes, canisters, containers, trays and related products for storage and transport of highly sensitive electronic products used by many of the world’s leading technology and consumer electronics businesses. Founded in 1999, ePak operates a 600,000 square foot manufacturing facility in Shenzhen, China, along with 40 warehouses and nine sales offices worldwide, and has 1,160 employees.

ePak’s target customer sector continues to grow, with annual silicon wafer shipments increasing for the fourth year in a row through 2017 as semiconductor demand from original equipment manufacturers, automotive and consumer electronic businesses remained strong. Worldwide wafer shipments increased by 10 percent in 2017 over 2016, while worldwide sales of silicon grew by 21 percent to $8.7 billion over $7.2 billion in 2016.

OEP has more than a decade of experience investing in and growing global packaging businesses, and a deep understanding of technology businesses including the semiconductor industry. In October 2017, the firm completed its investment in Sanken North America, a subsidiary of Japan’s Sanken Electric Company, Ltd. that owns Allegro MicroSystems, LLC (“Allegro”) and Polar Semiconductor, LLC (“Polar”). Allegro manufactures high-performance sensors and related devices, while Polar is a manufacturer of silicon wafers.

The Goodwin deal team was led by partners Yash Rana (Picture) and Victor Chen and included partners Daniel Karelitz and Richard Matheny; and associates Richard Chang and Eliza Reed.

Involved fees earner: Yash Rana – Goodwin Procter; Victor Chen – Goodwin Procter; Richard Chang – Goodwin Procter; Richard Matheny – Goodwin Procter; Daniel Karelitz – Goodwin Procter; Eliza Reed – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: ePak Resources;


Author: Michael Patrini