FBFK Law Closes Acquisition Deal: IP Supplier Aragio Solutions Acquired by Faraday Technology
2024年10月4日 - 10:00PM
ビジネスワイヤ(英語)
After months of negotiation, Dallas-based FBFK Law announced the
official acquisition of client, IP Supplier Aragio Solutions, by
Fabless ASIC services and IP provider Faraday Technology. The deal
team, led by Michael Walenciak, closed for $20 million and
structurally allows for Aragio Solutions’ existing leadership to
autonomously run the company.
According to Michael, Taiwan-based Faraday Technology purchased
Aragio Solutions through a wholly owned subsidiary, Sheng Bang
Investment Corporation, to strategically respond to Faraday’s
long-term operating needs and increased competition in the IP
space.
Dallas-based Aragio Solutions, an innovative provider of
semiconductor design IP, offers Faraday a strong foothold with
silicon proven IP at multiple foundries including GF, UMC, TSMC,
and Samsung.
“Structuring this transaction required a balance between
Faraday’s global strategic objectives and Aragio’s need to maintain
operational independence. Navigating those priorities was key to
ensuring a seamless transition without disrupting the core
business,” added Michael.
About FBFK
With more than 20 years of legal expertise and success across
Texas and the U.S., Dallas-based FBFK is an entrepreneurial-minded,
full-service business law firm with offices in Plano, Houston and
Austin, Texas, as well as in Orange County, Calif. Driven by a
commitment to creating lasting client relationships grounded in
high-quality representation and client service, FBFK represents
clients nationwide in 40 practice areas related to business
structures and transactions, intellectual property protection and
dispute resolution. www.fbfk.law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241003316683/en/
Media Contact: Dwanna Gassaway, dgassaway@fbfk.law,
469.939.2662