JPMorgan Chase provided debt financing to Marvell in support of its acquisition of Inphi. J.P. Morgan Securities served as exclusive financial advisor and Hogan Lovells served as legal advisor to Marvell. Qatalyst served as exclusive financial advisor to Inphi and Pillsbury Winthrop Shaw Pittman served as its legal advisor.
“Our acquisition of Inphi will fuel Marvell’s leadership in the cloud and extend our 5G position over the next decade,” Matt Murphy, president and CEO of Marvell, said. “Inphi’s technologies are at the heart of cloud data center networks and they continue to extend their leadership with innovative new products, including 400G data center interconnect optical modules, which leverage their unique silicon photonics and DSP technologies. We believe that Inphi’s growing presence with cloud customers will also lead to additional opportunities for Marvell’s DPU and ASIC products.”
“Marvell and Inphi share a vision to enable the world’s data infrastructure and we have both transformed our respective businesses to benefit from the strong secular growth expected in the cloud data center and 5G wireless markets,” Ford Tamer, president and CEO of Inphi, said. “Combining with Marvell significantly increases our scale, accelerates our access to the next generations of process technology and opens up new opportunities in 5G connectivity.”
Tamer will join Marvell’s board of directors upon closing of the transaction.