BankBoston, Goldman Lead Texas Pacific Deal

BankBoston Corp. and Goldman Sachs & Co. are leading the financing to back Texas Pacific Group's planned $527 million acquisition of Zilog Inc.

Details of the deal have not been disclosed, but some form of bridge financing, in addition to senior and subordinated debt, is expected to be announced soon.

Texas Pacific, a Houston-based leveraged buyout firm led by David Bonderman, said this week it will acquire a 93.3% stake in Zilog, a Campbell, Calif.-based semiconductor company.

Zilog hired Lehman Brothers four months ago to explore its options, including a sale or restructuring, said Bob Collins, chief financial officer of the company.

BankBoston and Goldman helped Texas Pacific evaluate and conduct due diligence on Zilog, Mr. Collins said.

BankBoston has a long history with Zilog, having helped its management team buy the company from its parent, Exxon Corp., in 1989.

Zilog went public in 1991 in a stock offering led by Alex. Brown & Sons.

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