Smart Global Holdings to buy VC-backed Penguin Computing for $85 mln
Smart Global Holdings Inc has agreed to acquire Penguin Computing Inc, a provider of specialty compute and storage solutions, for up to $85 million. KKR Credit provided the debt financing for this transaction and Needham & Company LLC was financial adviser to Smart Global Holdings. Penguin's backers include vSpring Capital, San Francisco Equity Partners, Weber Capital and Convergence Partners, according to Crunchbase.
12 June 2018•3 mins read
