MORAGA, CALIFORNIA, June 6, 2002- Dynasty Capital Services
LLC., a preeminent provider of strategic and financial advisory services,
today announced the closing of the merger between Synopsys, Inc. (NASDAQ:
SNPS) and Avant! Corporation (NASDAQ: AVNT). Dynasty served as an advisor to
Avant! on various strategic matters. Upon closing of this transaction,
Dynasty received final payments of all monies owed to Dynasty.
“We are pleased to have advised Avant! on multiple key
projects, which ultimately enabled this transaction. Given that Avant!’s
shareholders received a substantial premium, we believe were successful in
increasing shareholder value,” said Randolph L. Tom, Dynasty’s Chairman.
“This was certainly a challenging transaction. We extend our congratulations
to all parties involved.”
In December 2001, Synopsys announced its intention to
acquire Avant! Corporation in a transaction valued in excess of $1 billion.
The companies are leaders in the field of Electronic Design Automation (EDA)
software—tools used in semiconductor design and development.
Mr. Tom commented on the importance of the transaction:
“The legal and financial complications in this transaction should not be
underestimated. The EDA industry is clearly in a period of consolidation. In
the future, this merger will be viewed as one of the landmark technology
transactions of the past year.”
About Dynasty Capital Services LLC
Dynasty Capital Services is a preeminent provider of
strategic and financial advisory services focused on high-growth companies
operating on a global scale. Founded in 1988, Dynasty’s expertise enhances
value by enabling clients to: develop and implement new market entry
strategies, execute financings, alliances and other strategic transactions,
and catalyze all the elements of a successful enterprise.
Based in the San Francisco Bay Area, Dynasty Capital
Services is globally accessible via the Internet at www.dynastycap.com. For
more information contact David Tom at dbtom@dynastycap.com.
Disclaimer
Dynasty is not a Registered Investment Advisor or a Broker
Dealer. This note is for information purposes only and should be in no way
construed as investment advice. This website is in no way a solicitation or
offer to sell securities or investment advisory services.
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