MACOM Announces Upsize and Pricing of Public Offering of Common Stock

Lowell, Massachusetts, UNITED STATES

LOWELL, Mass., Feb. 5, 2015 (GLOBE NEWSWIRE) -- M/A-COM Technology Solutions Holdings, Inc. (Nasdaq:MTSI) ("MACOM") announced today the pricing of its public offering of 7,800,000 shares of common stock at a public offering price of $30.00 per share, of which 4,500,000 shares are being offered by MACOM and an aggregate of 3,300,000 shares are being offered by John Ocampo, MACOM's Chairman of the Board and majority stockholder, and his affiliates and certain funds affiliated with Summit Partners, L.P. (collectively, the "Selling Stockholders"). The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,170,000 shares of common stock. The offering is expected to close on or about February 11, 2015, subject to customary closing conditions.

After deducting underwriting discounts and commissions and estimated offering expenses, MACOM will receive net proceeds from shares sold by it in this offering of approximately $127.8 million. MACOM intends to use the net proceeds from the shares sold by it in this offering to repay outstanding borrowings under its revolving credit facility and for general corporate purposes. MACOM will not receive any proceeds from the sale of shares of common stock by the Selling Stockholders, including the sale of the shares of common stock by the Selling Stockholders upon the exercise by the underwriters of their option to purchase additional shares.

Goldman, Sachs & Co. and BofA Merrill Lynch are acting as lead book-running managers for the offering. Morgan Stanley is acting as a book-running manager. Raymond James, Stephens Inc. and Stifel are acting as co-managers for the offering.

The offering is being made pursuant to an effective shelf registration statement (including a prospectus) filed with the Securities and Exchange Commission ("SEC"), which became effective upon filing. A preliminary prospectus supplement related to the offering was filed with the SEC on February 2, 2015 and is available on the SEC's website located at A final prospectus supplement related to the offering will be filed with the SEC. A copy of the prospectus supplement and related prospectus for the offering may be obtained by contacting: Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, New York 10282, by telephone: 1-866-471-2526, or by emailing; or BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or by emailing

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the common stock or any other security, nor shall there be any sale of the common stock or any other security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction. Any offer or sale will be made only by means of a prospectus and, to the extent applicable, a free writing prospectus which has or will be filed with the SEC.


MACOM is a leading supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products that enable next-generation internet and modern battlefield applications. Recognized for its broad catalog portfolio of technologies and products, MACOM serves diverse markets, including high speed optical, satellite, radar, wired & wireless networks, automotive, industrial, medical, and mobile devices. A pillar of the semiconductor industry, MACOM thrives on more than 60 years of solving its customers' most complex problems, serving as a true partner for applications ranging from RF to Light. Headquartered in Lowell, Massachusetts, MACOM is certified to the ISO9001 international quality standard and ISO14001 environmental management standard. MACOM has design centers and sales offices throughout North America, Europe, Asia and Australia.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on management's current expectations. Such statements include, without limitation, plans, projections and estimates regarding the use of proceeds from the proposed offering. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including, without limitation, prevailing market conditions and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect MACOM and its results is included in MACOM's filings with the SEC, which are available at


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