Pillsbury partner Jim Masetti, leader of Pillsbury’s Semiconductor Industry Group, advises a global clientele on transformative corporate, securities and finance deals.

Jim counsels public and private technology companies on public offerings, M&A, private placements, corporate governance compliance, public company reporting and general corporate matters. He has managed complex cross-border M&A transactions for both public and private buyers and sellers, including buyers and sellers located in the UK, China, Israel, Korea and the Philippines, across a variety of industries, including software development, semiconductors, cybersecurity and communications technology. Jim has extensive experience representing issuers and underwriters in public equity offerings, including IPOs and follow-on offerings. He also advises startups from incorporation through all stages of growth and liquidity events. 

Representative Experience

Representative M&A transactions include:

  • Represented Rockley Photonics, Ltd. in its $1.2 billion merger with special purpose acquisition company SC Health Corp., resulting in Rockley becoming a publicly traded company on the NYSE (including its $150 million financing). Also represented Rockley in connection with the negotiation and implementation of its prepackaged chapter 11 plan to go private and restructure its business through transactions that eliminated more than $120 million of secured debt and generated additional funding from existing secured noteholders of approximately $35 million.
  • Represented Tremor International Ltd. (AIM/NASDAQ: TRMR) in its acquisition of Amobee, Inc. for $239 million; this deal was honored as the 2024 Cross-Border M&A Deal of the Year by M&A Atlas Global Awards (2024).
  • Represented Support.com (NASDAQ: SPRT) in its merger with Greenidge Generation Holdings.

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  • Representative M&A transactions (cont.):
    • Represented Pluribus Networks, Inc. in its acquisition by Arista Networks, Inc. (2022).
    • Represented Kinetic Technologies in its acquisition of Gain Semiconductor (2022).
    • Represented EMCORE Corporation (NASDAQ: EMKR) in its acquisition of all of the outstanding assets and liabilities of the L3Harris Space and Navigation business (2022).
    • Represented Quantum Corporation (NASDAQ: QMCO) in its acquisition of Square Box Systems Ltd. (2020).
    • Represented Quantum Corporation (NASDAQ: QMCO) in its acquisition of the ActiveScale object storage business from Western Digital Technologies, Inc., a subsidiary of Western Digital Corp. (NASDAQ: WDC) (2020).
    • Represented RhythmOne plc (LSE AIM: RTHM) in its sale to Taptica International Ltd. (LSE AIM: TAP) (2019).
    • Represented EMCORE Corporation (NASDAQ: EMKR) in its acquisition of Systron Donner Inertial, Inc. (2019).
    • Represented YuMe Inc. (NYSE: YUME) in its sale to RhythmOne plc (LSE AIM: RTHM) for $185 million; this deal was honored as the 2019 Cross-Border M&A Deal of the Year (Mid-Market) by M&A Atlas Global Markets Awards and as the Corporate/Strategic Deal of the Year ($100M – $250M) by M&A Advisor (2018).
    • Represented Sigma Designs, Inc. (NASDAQ: SIGM) in the sale of its Z-Wave Business to Silicon Labs (NASDAQ: SLAB) for $282 million; this deal was honored as the 2018 Corporate M&A Deal of the Year ($100M – $500M) by M&A Atlas Americas Awards (2018).
    • Represented Sigma Designs, Inc. (NASDAQ: SIGM) in the sale of its Smart TV and Set-top box businesses to V-Silicon Inc. for approximately $5.0 million and in its sale of its Wired Connectivity business to Integrated Silicon Solution, Inc. (ISSI) (2018). Also represented Sigma Designs Inc. in its acquisition of Bretelon, Inc., an R&D staffing company of highly qualified engineers focused on developing ASICs and software for mobile IoT applications (2015), its acquisition of the DTV Business of Trident Microsystems, Inc. (2012), its acquisition of Israeli-based CopperGate Communications Ltd. (2009), its acquisition of Zensys Holdings, with substantial operations in Denmark (2008), its purchase of the VXP Group, a subdivision of a Canadian publicly traded company (2008), and its acquisition of Blue7 Communications (2006).
    • Represented Exar Corporation (NYSE: EXAR) in its sale to MaxLinear Inc. (NYSE: MXL) for approximately $700 million in cash (2017) and also represented the company in the sale of its Integrated Memory Logic Limited (iML) subsidiary to a China-based joint venture for $136 million in cash (2016).
    • Represented Heptagon Holding CA Inc., owned by Austrian sensor solutions company ams (SIX: AMS), in its acquisition of Princeton Optronics, Inc. (2017).
    • Represented inContact (NASDAQ: SAAS) in its approximately $1 billion sale to NICE (NASDAQ: NICE), an Israel-based company with dual stock exchange listings in Israel and the U.S. (2016).
    • Represented Meru Networks, Inc. (NASDAQ: MERU) in its sale to Fortinet, Inc. (NASDAQ: FTNT), the global leader in high-performance cybersecurity solutions (2015).
    • Represented Envivio Inc. (NASDAQ: ENVI) in its sale to Ericsson AB (NASDAQ: ERIC), a Swedish communications technology company with dual stock exchange listings in Sweden and the U.S. (2015).
    • Represented Violin Memory (NYSE: VMEM) in its divestiture of its PCIe product line to SK hynix Inc. (OTC: HXSCL), a Korean-based company (2014).
    • Represented Tilera Corporation in its sale to EZchip Semiconductor Ltd. (NASDAQ: EZCH) (TASE: EZCH), an Israeli fabless semiconductor company that develops and markets Ethernet network processors (2014).
    • Represented Tensilica, Inc. in its sale to Cadence Design Systems Inc. (NASDAQ: CDNS) (2013).
    • Represented Applied Micro Circuits Corp. (NASDAQ: AMCC) in its divestiture of TPACK A/S, a wholly owned subsidiary based in Denmark, to Altera Corporation (NASDAQ: ALTR) (2013).
    • Represented Techwell Inc. (NASDAQ: TWLL) in its sale to Intersil Corp. (NASDAQ: ISIL) (2010) and in its purchase of substantially all of the assets of China-based DVMicro Corp. (2009).
    • Represented Axiom Microdevices Inc. in its sale to Skyworks Solutions Inc. (NASDAQ: SWKS) (2009).
    • Represented RMI Corp. in its sale to NetLogic Microsystems Inc. (NASDAQ: NETL) (2009).
    • Represented eTelecare Global Solutions Inc. (NASDAQ: ETEL) (PSE: ETEL), a Philippines corporation, in its sale to Providence Equity Partners Inc. and Ayala Corporation, which sale was structured as a go-private transaction in accordance with applicable U.S. SEC regulations (2008).
    • Other representative M&A transactions include the representation of VxTel in its sale to Intel (NASDAQ: INTC); WiseNut in its sale to Looksmart; Zipdash in its sale to Google (NASDAQ: GOOGL); Applied Semantics in its sale to Google (NASDAQ: GOOGL); Talking Blocks in its sale to Hewlett-Packard (NYSE: HPQ); NuTool in its sale to ASM International (NASDAQ: ASMI); PRN Corp. in its purchase of substantially all of the assets of Impli and PRN Corp. in its subsequent sale to Thomson; and SupportSoft in its purchase of substantially all of the assets of Core Networks, a privately held Canadian company.
  • Representative public offering transactions include:
    • EMCORE Corporation in its public offering of common stock (2023).
    • Quantum Corporation in its oversubscribed Rights Offering, which was honored for “Best Governance Around a Corporate Transaction” by Corporate Secretary (2022).
    • Rockley Photonics, Ltd. in its de-SPAC transaction (2021).
    • Quantum Corporation in its public offering of common stock (2021).
    • Quantum Corporation in its ATM equity offering (2021).
    • EMCORE Corporation in its public offering of common stock (2021).
    • Immersion Corporation in its ATM equity offering (2021).
    • MoSys, Inc. in its public offering of common stock (2020).
    • Techpoint, Inc. in its Initial Public Offering (2017).
    • Montage Technology Group in its initial public offering (2013) and in its follow-on offering (2014) (represented underwriters).
    • Violin Memory Inc. in its initial public offering (2013).

    • Envivio Inc. in its initial public offering (2012).

    • BCD Semiconductor Manufacturing Limited in its initial public offering (2011) (represented underwriters).
    • Meru Networks Inc. in its initial public offering (2010).
    • Sigma Designs Inc. in its follow-on public offering (2007).
    • eTelecare Global Solutions Inc. in its initial public offering (2007).
    • Techwell Inc. in its initial public offering (2006).
    • SupportSoft Inc. in its follow-on public offering (2003) and in its initial public offering (1999).
    • Critical Path Inc. in its initial public offering (1999).

Additionally, Jim also represents private technology companies in venture capital and securities transactions, and guides clients through their life cycle, from obtaining initial funding to raising follow-on capital and evaluating exit opportunities for companies, like Nirmata, Bilt, Enfabrica, Arrcus, Pluribus Networks and Uhnder.

Professional Highlights

Honors & Awards

  • Recognized by M&A Atlas Americas Awards in 2024 and named “M&A Lawyer of the Year” (2024).
  • Recognized by Super Lawyers in 2020 and also named a “Rising Star” in Northern California (2010 – 2013).
  • Recognized by M&A Atlas Global Markets Awards for his role in leading a team that represented Tremor International Ltd. (AIM/NASDAQ: TRMR) in its acquisition of Amobee, Inc. for $239 million, which was honored as the 2024 Cross-Border M&A Deal of the Year (Mid-Market) (2024).

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  • Recognized by Corporate Secretary for his role in leading a team that represented Quantum Corporation in its oversubscribed Rights Offering that raised $67.5 million and issued 30 million shares, which was honored as the 2022 Best Governance Around a Corporate Transaction (2022).
  • Recognized by both M&A Atlas Global Markets Awards and M&A Advisor for his role in leading a team that represented YuMe Inc. (NYSE: YUME) in its sale to RhythmOne plc (LSE AIM: RTHM) for $185 million, which was honored as the 2019 Cross-Border M&A Deal of the Year (Mid-Market) and as the Corporate/Strategic Deal of the Year ($100M – $250M), respectively (2019).
  • Recognized by M&A Atlas Americas Awards for his role in leading a team that represented Sigma Designs, Inc. (NASDAQ: SIGM) in the sale of its Z-Wave Business to Silicon Labs (NASDAQ: SLAB) for $282 million, which was honored as the 2018 Corporate M&A Deal of the Year ($100M – $500M) (2018).
  • Recognized by International Financial Law Review for M&A, Capital Markets: Debt, Capital Markets: Equity – US (2018).
  • Recognized by Best Lawyers (published by BL Rankings LLC) for Corporate Law (2023 – 2024).

Education

  • J.D., Santa Clara University School of Law, 1998
    summa cum laude, Santa Clara University Law Review; American Jurisprudence Award for Corporate Securities; Business Organization and Community Property

    B.A., Stanford University, 1995

Admissions

  • California

Clerkships

  • Extern, Justice Joyce Kennard, California Supreme Court