TPG and Celerity in Entegris Acquisition

Cleary Gottlieb represented the Texas Pacific Group and Celerity, Inc., a TPG portfolio company, in their acquisition of Entegris, Inc.’s gas delivery business unit for $15.6 million in cash. Cleary also represented TPG and Celerity in related financing that raised $20 million in secured debt and $15 million in equity from existing investors.

Celerity is a global leader in the design and production of high-performance gas and chemical delivery process modules that are integral to the equipment used to manufacture semiconductors, flat panel displays and related products. Entegris is a global leader in materials integrity management and delivers technology, product and service solutions to semiconductor and other high-tech industries.