NKF advises the former shareholders of Heptagon on the sale and completion of Heptagon to ams
The worldwide leading manufacturer of high performance sensor and analog solutions ams AG, an SIX listed Austrian company, and GGV Capital, Temasek, Jolt Capital, Nokia Growth Partners, Innovacom, Credence, Pantheon, Iconiq Strategic Partners, Matrix Partners, Orchid Investments, Vertex Ventures, AAC Technologies and other former shareholders of Heptagon Advanced Micro-Optics (Heptagon), a global leader in micro-optics and optical sensing solutions with particular expertise in high performance optical packaging, agreed on a revised earnout structure regarding the sale of Heptagon to ams AG. The key elements of the final earnout structure are a total distribution of 3,855,082 ams AG shares together with a cash distribution of USD 15 million which results in an overall transaction value of approx. USD 1.1 billion. The transaction was completed on 27 March 2018.
The NKF team was led by Corporate/M&A partner Till Spillmann working with senior associate Adrian Koller and associates Ivo von Büren, Corinne Russi and Dominik Penkov all Corporate/M&A.