PRIOR TRANSACTIONS

Prior to forming Pinestream Advisors, our partners’ companies have achieved exits of $300M & $75M, and increased shareholder value from $600M to $3.2B, while serving as executives of these venture-financed and Fortune 1000 companies, respectively.

Subsequent to our operating roles as CEO, marketing executives and serial entrepreneurs, our team has continually expanded our industry relationships in semiconductors, wireless and comm/IT as members of the VC community, analyst and advisors to private and public companies alike.

A sample of representative transactions and advisory services includes:

M&A Advisory Services:
     • Power Management ICs (Ottawa private company) — acq. by CA public company
     • ICs for VoIP Gateways (NJ) — acq. by CT public company
     • Integrated IP Platforms (NY public company)
     • Network Processor ICs (Sweden public company)

Capital Raising Services (Syndicated $275M for 16 Companies from 80 VCs):
     • Ethernet Video Switching (Quebec, CAN), $15M, Series B
     • RFICs for Consumer Applications (MA), $13M, Series E
     • Wafer Fab Equipment (NH), $10M, Series B
     • RFICs for WLAN (MA), $5M, Series A
     • QoS Appliances (MD), $5M, Series B
     • Data Storage and Recovery S/W (MA), $2.5M, Series A

Strategy/Due Diligence Services (40 Companies, $240M Raised from 130 VCs):
     • WLAN Infrastructure (MA), $10M, Series B
     • A/D Converters for Consumer & Communications (MA), $10M, Series B
     • RFID Readers (CO), $8M, Series B
     • DSPs for Digital Imaging (MA), $7M, Series B
     • Computational Workflow S/W (CT), $4M, Series B
     • Power Management ICs (NJ), $2.5M, Series A

Other Advisory Services:
     • Evaluated Establishing a $150M+ Corporate Venture Fund (“A” tier Semiconductor Company)
     • Due Diligence of 40+ Semiconductor & Comm Companies (MA-based Venture Fund)
     • Strategy & Business Plan for Med Tech Company (Middle East Venture Fund)
     • Strategy & Training for new NPU Market (Microprocessor IP Company)

Complete list of transactions and assignments available upon request.

“Mike’s efforts in successfully selling our company far exceeded our expectations, particularly following a failed attempt by a traditional investment banking firm. His hands-on approach toward positioning the company, leading discussions with potential acquirers, negotiating skills and subsequent due diligence support were second to none.” – R.O., CTO (power management IC company with $25M invested from 3 VCs)

“Mike drove a strong process, was very creative and a skilled negotiator in selling one of our portfolio companies. We look forward to working with him again.” — D.F., Managing Director (venture fund with $675M under management)

“Cliff is a primary source for identifying deals that we did not see and for finding out what happened to deals that we did see, but chose not to pursue.” — DL, Partner (venture fund with 20+ semiconductor investments & $1.9B under management)

“Cliff's analysis is very timely and insightful, and provides our firm with great market intelligence and a view of industry trends.” — DA, President & CEO (publicly traded semiconductor company)

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