Davis Polk is advising Bank of America Merrill Lynch as financial adviser to Voltaire Ltd. in connection with its $8.75 per share, or a total equity value of approximately $218 million ($176 million net of cash), acquisition by Mellanox Technologies, Ltd. The transaction, which is expected to close in the first quarter of 2011, is subject to customary closing conditions, including the receipt of applicable regulatory approvals and the approval of Voltaire’s shareholders.
Headquartered in Ra’anana, Israel, and Chelmsford, Massachusetts, Voltaire is a leading provider of scale-out computing fabrics for data centers, high-performance computing and cloud environments. Sunnyvale, California- and Yokneam, Israel-based Mellanox Technologies is a leading supplier of end-to-end connectivity solutions for servers and storage that optimize data center performance.
The Davis Polk corporate team includes partner Alan F. Denenberg and associate Vincent T. Cannon, both of the Menlo Park office.
