Acquiring Company
Transom Capital
Acquired Company
Penguin Solutions
FremontVenture CapitalAngel InvestmentInformation TechnologySoftwareArtificial IntelligenceSportsConsultingDescription
On November 3, 2026, Penguin Solutions, Inc. entered into an Equity Purchase Agreement to sell its Cree LED business to Transom Crystal AcquireCo, LLC. This all-cash transaction is expected to close in the first calendar quarter of 2027, contingent upon customary closing conditions. The acquisition involves the sale of all outstanding equity of Cayman DRE Holdco, a wholly owned subsidiary of Penguin Solutions.
Who to call at Transom Capital, and when
When Transom Capital changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Transom Capital raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Transom Capital, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Transom Capital. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Transom Capital makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Penguin Solutions?
Penguin Solutions was acquired by Transom Capital. The deal was reported on November 4, 2026. Transom Capital Group is a leading private equity firm focused on investing in the middle market. Transom Capital is privately held and operates in Venture Capital.
When did Transom Capital acquire Penguin Solutions?
Transom Capital's acquisition of Penguin Solutions was reported on November 4, 2026. On November 3, 2026, Penguin Solutions, Inc. entered into an Equity Purchase Agreement to sell its Cree LED business to Transom Crystal AcquireCo, LLC. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Penguin Solutions do?
It is publicly traded (PENG), operating in Information Technology, and is based in Fremont.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.