Crowley Millar acted in the sale of DecaWave Limited (www.decawave.com) to US publicly quoted company, Qorvo US Inc, (www.qorvo.com) in a transaction valued at $400 million. The sale closed on 21st February having commenced just eleven weeks previously. The transaction was handled by Crowley Millar’s commercial team lead by Managing Partner Hugh J Millar, with Emma Cafferky, Denis Jacobson and Neil Millar. The acquisition price is reportedly the highest price ever achieved for an Irish tech start up.
DecaWave is an Irish fabless semi-conductor company specialising in precise location and connectivity applications. DecaWave was the brainchild of founders Ciaran Connell and Michael McLoughlin and this disposal represents a major achievement for them and their team.
Shareholders included many Irish and US based angel investors together with Atlantic Bridge, ACT Venture Capital, Enterprise Ireland, China Ireland Growth Technology Fund and ZZ Technologies.
Crowley Millar has represented DecaWave since its inception and we are delighted to have represented the company in this milestone disposal.
24 February 2020
