Canyon Bridge Capital Partners

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A Silicon Valley-based private equity firm, part-funded by China's central govt. The company is focused on growing businesses in China and other high-growth Asian markets, as it believe the Chinese market will generate the most value for tech companies in coming years.ref The firm invests in small and medium-sized businesses across the technology value chain — from hardware to software to security — that have limited growth prospects domestically and would benefit from expanding into high-growth markets.ref

Imagination Technologies

Was Imagination Technologies Group plc till acquired by China-backed private equity firm Canyon Bridge Capital Partners in Nov.2017.ref, ref

Imagination Technologies is a UK-based technology company, focusing on semiconductor and related intellectual property licensing. It markets PowerVR mobile graphics processors, MIPS embedded microprocessors, and for its Pure consumer electronics division. It also supplies radio baseband processing, networking, digital signal processor, video and audio hardware, voice over IP software, cloud computing and silicon and system design services.


Articles

DDG search re Imagination takeover.

  • Sept.25.2017: Canyon Bridge acquires Imagination Technologies. CBFI Investment Ltdt, a newly incorporated company indirectly owned by Canyon Bridge Fund It – a fund managed by US-headquartered Canyon Bridge Capital Partners – is to acquire the entire ordinary share capital of Imagination Technologies Group. Ray Bingham, Partner of Canyon Bridge, says: “We are investing in UK talent and expertise in order to accelerate the expansion of Imagination, particularly into Asia, where its technology platform will lead the continued globalisation of British-developed innovation.” Private Equity Wire.
  • Sept.14.2017: Trump Blocks Takeover of Lattice Semi. Donald Trump issued an order blocking the acquisition of programmable logic supplier Lattice Semiconductor by an investment fund backed by the Chinese government, following the recommendation issued by the Committee on Foreign Investment in the United States. Canyon Bridge is funded partly by China's central govt. The US govt has become increasingly wary of US technology firms being acquired by Chinese entities. Dylan McGrath, EE Times.
  • Nov.28.2016: Chinese Government Money Helped Canyon Bridge Acquire US Chip Maker. Canyon Bridge Capital Partners, a buyout fund that agreed to acquire U.S.-based chip maker Lattice Semiconductor for $1.3 billion earlier this month, is funded partly by cash originating from China’s central government and also has indirect links to its space program, Chinese corporate filings show. Reuters has established that the financial investment in Canyon Bridge originates from China’s State Council. The Lattice deal is one of the largest attempted by a Chinese-backed firm in the US semiconductor sector. It is unclear if the Committee on Foreign Investment in the US will block the purchase, but a rejection would deal another blow to the Chinese, who have invested a record $200bn in overseas acquisitions this year. The USA, Germany, and Australia have scuttled Chinese takeover bids in recent months due to concerns they may serve China’s national security interests over their own. Excellent bg re Canyon Bridge's company structure, + graphic. Scary.. Reuters, Fortune.