SCHAUMBURG, Ill.-Motorola Inc. said it completed its transaction with Texas Pacific Group for the management buyout of a business unit of Motorola’s Semiconductor Products Sector-the Semiconductor Components Group.
Under terms of the transaction, Motorola received $1.6 billion in cash, notes and approximately 10 percent of the stock of the new company.
Texas Pacific Group is a private investment partnership that specializes in acquisitions. SCG is one of five business units formed when SPS reorganized in 1997. This group unified SPS’ standard logic and analog integrated circuits and discrete components into a single business unit, said Motorola.
