Apache Design Solutions was sold to US-based technology company Ansys after it had filed for a $75m flotation.
Apache Design Solutions, a US-based provider of semiconductor technology in which chip peer Intel’s corporate venturing arm owns a 6.4% stake, has been sold to Ansys for $310m rather than float in the US.
Apache was advised on the trade sale by Germany-based Deutsche Bank, which had also been underwriter on the target’s flotation, and US law firm O’Melveny & Myers. Ansys was advised by BofA Merrill Lynch and US law firm Goodwin Procter.
Intel Capital originally invested in…
