Press Release: Applied Micro : Corporate News Blog - MACOM Technology Solutions Divests AppliedMicro's Compute Business to Carlyle Group's Affiliate

LONDON, UK / ACCESSWIRE / October 31, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) ("MACOM"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=MTSI. The Company announced on October 27, 2017, that it has signed an agreement to sell off AppliedMicro's Compute business to Project Denver Holdings LLC, ("NewCo"). NewCo is a new company that is backed by global private investment firm - The Carlyle Group L.P. (NASDAQ: CG) ("Carlyle"). MACOM had completed the acquisition of Applied Micro Circuits Corporation in January 2017. For immediate access to our complimentary reports, including today's coverage, register for free now at:http://protraderdaily.com/register/At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on MTSI; also brushing on CG. Go directly to your stock of interest and access today's free coverage at:http://protraderdaily.com/optin/?symbol=MTSIhttp://protraderdaily.com/optin/?symbol=CGDetails of the TransactionAs per the terms of the sale agreement, MACOM will receive a minority equity stake in NewCo. The exact financial value and other terms of the agreement were not disclosed by the parties.Carlyle is funding the acquisition via its Carlyle Partners VI, a $13 billion US buyout fund. The transaction is effective as on the date of signing of the agreement, however, it is subject to receipt of approvals from foreign regulators as it involves the transfer of certain assets and entities in jurisdictions which are outside US.MACOM had Evercore as their financial advisor and Ropes & Gray LLP as their legal counsel, while Alston & Bird LLP were the advisors for Carlyle.Commenting on the sale of the Applied Micro's Compute business to NewCo, John Croteau, MACOM's President and CEO, said:"After a thorough review process, we are very excited about the sale of the Compute business and the opportunity it provides for both the employees of that business and our shareholders. The Carlyle Group is one of the world's largest and most successful global investment firms, with over $170 billion in assets under management. I believe NewCo's exceptional leadership team and Carlyle's backing combines the necessary elements to make the business a long-term success, and through a minority equity ownership MACOM is positioned to participate in the Company's long-term value creation."Patrick McCarter, Co-head of Carlyle's Global Technology, Media & Telecom team, added:"We are excited to partner with MACOM on this investment and look forward to working with the team to create value."HistoryIn November 2016, MACOM had announced the acquisition of AppliedMicro, a global leader in Connectivity and Computing solutions for next-generation cloud infrastructure and Data Centers in a $770 million deal. MACOM paid approximately $8.36 for each of AppliedMicro's share which consisted of $3.25 in cash and 0.1089 MACOM's share. At the time of announcing the deal, MACOM had indicated that it plans to divest AppliedMicro's Compute business within first 100 days of closing of the transaction. MACOM had planned to divest the Compute business as it did not "strategically align with MACOM's long-term focus". MACOM completed the acquisition in January 2017. Since then it has been scouting for a suitable buyer for the Compute business.About MACOMLowell, Massachusetts based MACOM is a new breed of analog semiconductor Company that delivers breakthrough semiconductor technologies for optical, wireless, and satellite networks. MACOM's technology increases the speed and coverage of the mobile Internet and enables fiber optic networks to carry previously unimaginable volumes of traffic to businesses, homes and data centers. MACOM is ISO9001 international quality standard and ISO14001 environmental management standard certified. MACOM has multiple design centers, Si, GaAs and InP fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia. MACOM offers foundry services, one of the Company's key core competencies, that provides access to, and control of broad range of proprietary technologies in an asset-light, cost-effective structure.MACOM has been the pillar of the semiconductor industry for more than 60 years and has hands-on experience designing and building analog semiconductor and photonic technology across the RF to light spectrum.Last Close Stock ReviewAt the closing bell, on Monday, October 30, 2017, MACOM Technology Solutions' stock slightly slipped 0.15%, ending the trading session at $40.04. A total volume of 420.18 thousand shares have exchanged hands. The Company's stock price advanced 9.70% in the previous twelve months. The stock currently has a market cap of $2.48 billion.On Monday, October 30, 2017, the stock closed the trading session at $22.50, slightly up 0.45% from its previous closing price of $22.40. A total volume of 735.75 thousand shares have exchanged hands. Carlyle Group's stock price soared 10.95% in the last three months, 31.99% in the past six months, and 45.35% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have skyrocketed 50.60%. The stock is trading at a PE ratio of 16.14 and has a dividend yield of 5.24%. At Monday's closing price, the stock's net capitalization stands at $7.56 billion.Pro-Trader Daily:Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. 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