Brunswick Group is handling semiconductor company Nvidia's $6.9B acquisition of networking powerhouse Mellanox to strengthen its position in the data center business.

The Financial Times reports that Nvidia's all-cash $125-per-share bid, which represents a 14 percent premium to its March 8 closing price, topped a competitive offer by Intel for the Israel-based company.

Nvidia CEO Jensen Huang said the marriage of his company's computing platform with Mellanox's "world-renowned" networking capability will create "next-generation datacenter-scale computing solutions."

Nvidia and Mellanox have a history of collaboration. They worked together in building the world's fastest supercomputers, Sierra and Summit, for the US Dept. of Energy.

The deal is expected to close by the end of the year.

Brunswick's Ash Spiegelberg and Mylene Mangalindan represent Nvidia.