The most recent example was Freescale Semiconductor Inc. taken over by the Blackstone Group, Texas Pacific, the Carlyle Group, and Permira Advisors with the price tag of $17.6 billions, the largest deal so far in the semi oem sector. The private equity giants paid several billions more than originally planned due to the looming counter offer from the group led by KKR. Freescale was spun off from Motorola as a money-losing business with one year loss of 2.2 billions! but it remains as one of the largest chip makers in the USA. The exit strategy for this one? cut it to pieces and sell them one by one, imho. This could be a bad deal for VCs because this company's revenue growth is only around 2% but with "truck loads" of debts of more than $9 billions!! The Blackstone group put the last offer on the table requiring with yes or no within 24 hours; Freescale shareholders and the mgt. grabbed the deal! and "ran" all the way to the bank with smile and grin. from the ipo price of $13 per share to $40. I wish I was one of them.
from the ipo price of $13 per share to $40. I wish I was one of them. 
