OmniVision Technologies, a digital imaging technology company will be acquired by Hua Capital and other China based private equity firms for a staggering $1.9 billion, it was announced on April 30th 2015.
Image: company website
GoldStone Investment Company and Citic Capital Holding Ltd. are the other private equity firms involved in the deal. Hua Capital Management Co. Ltd has its base in Beijing, China and was founded by an experienced investment team that has its focus on the semiconductor industry and related areas.
OmniVision Technologies is a topmost developer of advanced digital imaging solutions. It is also one of the suppliers to Apple for camera sensors for iPhone 6. It was founded by Mr.Hong. The company provides sensors for varied consumer as well as commercial applications, such as imaging solutions in automotive and medical technologies.