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The Transaction

Delancey Street Partners is pleased to announce the following transaction:

July 2013
Aetrium Incorporated
Divestiture of Reliability Test Products (“RTP”) business to Cascade Microtech, Inc.
Sector:  Industrial & Industrial Technology
Delancey Street Partners served as the exclusive financial advisor to Aetrium Incorporated.

Delancey Street Partners is pleased to announce that it acted as financial advisor to Aetrium Incorporated in the divestiture of its Reliability Test Products (“RTP”) business to Cascade Microtech, Inc.

As part of this engagement, Delancey Street Partners reviewed strategic alternatives for the divestiture of RTP, executed a full sell-side M&A process, contacted prospective domestic and international buyers, negotiated the terms of the transaction and rendered a fairness opinion to the Board of Directors.

RTP designs, develops, manufactures and markets reliability test equipment geared to provide semiconductor manufacturers with structural performance data to aid in the evaluation and improvement of integrated circuit (IC) designs and manufacturing processes to increase IC yield and reliability.  RTP’s reliability test system is ideally suited for the continued rapid advancements in semiconductor manufacturing technologies and processes, providing reliability test capabilities of devices and leading-edge IC design geometries.  Nine of the ten largest global semiconductor manufacturers are customers of RTP.

Aetrium designs and manufactures various electromechanical and electro thermal equipment used in the handling and testing of ICs.  Cascade Microtech is a leader in the enabling of precision measurements of ICs at the wafer level.  Aetrium’s RTP business specializes in package and wafer-level solutions for wafer process technologies.  This acquisition strengthens Cascade Microtech’s position as a world-wide leader in the design, development, and manufacture of advanced wafer probing solutions for the electrical measurement and test of high performance integrated circuits.

The transaction was completed on July 31, 2013.

The principals of Delancey Street Partners have significant experience serving the Industrial & Industrial Technology industries.  To learn about our experience in Industrial & Industrial Technology, please click here.

For additional information about this transaction, please contact:

Patrick E. Dolan
Managing Director
Industrial & Industrial Technology
484.533.6311
pdolan@delanceyllc.com

Delancey Street Partners

Our offices are located in the suburbs of Philadelphia:
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(484) 533-6300

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