The Technology M&A team advised Innovium in its acquisition by Marvell Technology (NASDAQ: MRVL) in an all-stock transaction, which closed on October 5, 2021. Under the terms of the definitive agreement, Innovium equityholders received $1.1 billion in consideration consisting of shares of Marvell common stock.
Innovium is a leading provider of high performance, innovative switching silicon solutions for Cloud and Edge data centers. The company was backed by leading venture capital firms including Greylock, WRVI, Capricorn, Premji Invest, BlackRock, DFJ Growth, DAG, Qualcomm Ventures, S-Cubed and Redline.
The Goodwin team was led by Justin Smith, James Ding, and Marusya Rechetnikova and included Craig Schmitz, Michelle Knoop, Stuart Ogg, Mike McAdam, Stanley Phillips, Ora Grinberg, Misha Goodwin, Monica Patel, Andre Amorim, Paul Jin, Andrew Lacy, Jacob Osborn, Ce Li, Kevin Lam, Kevin Liu, JB Schiller, Chris Chuang, Koray Bulut, Yash Rana, Chi Pan, Scott Zilora, and Jay Yaworsky.
For additional details on the acquisition, please read Innovium’s closing press release as well as coverage in TechCrunch and Fierce Telecom.