Wolf Theiss has advised Bain Capital Special Situations on the acquisition of an approximately 20% stake in Intel’s IMS Nanofabrication business, as part of a transaction that values IMS at approximately USD 4.3 billion. Hogan Lovells reportedly advised Intel.
The transaction is expected to close in the third quarter of 2023.
According to Wolf Theiss, IMS Nanofabrication, an Austrian business and subsidiary of the Intel Corporation, is an “industry leader in multi-beam mask writing for advanced technology nodes. Its customers are chip manufacturers across the world who rely on IMS’s technology to produce current and future chip generations. The company’s innovative multi-beam writers play a key role in chip manufacturing and provide significant added value to the semiconductor industry.”
According to the firm, Bain Capital Special Situations is a “global team of investors who have driven value creation for more than 20 years.” Bain Capital Special Situations has USD 18 billion in assets under management and has invested more than USD 28 billion since its inception in 2002.
The Wolf Theiss team included Partners Florian Kusznier and Guenter Bauer, Counsels Stefan Wartinger and Stefan Horn, Senior Associates Christopher Juenger, Martina Edlinger, Phillip Wrabetz, Anna Schwamberger, and Georg Knafl, and Associates Carolina Brunnmayr, Miranda Ellison, Pascal Gstoettner, Dorothea Arlt, Dominik Mayrhofer, and Julia Moser.