25 October 2016 I Deals and Cases

Bär & Karrer Advises Heptagon Advanced Micro-Optics and its Shareholders on the Sale of Heptagon to ams

The worldwide leading manufacturer of high performance sensor and analog solutions ams AG, an Austrian company listed at SIX Swiss Exchange, agreed to acquire 100% of the shares in Heptagon Advanced Micro-Optics Pte. Ltd, a global leader in micro-optics and optical sensing solutions with particular expertise in high performance optical packaging where the company is positioned as innovation leader. The transaction combines an upfront consideration in cash and partially newly issued shares with a value of USD 570m with a substantial deferred earn-out consideration of up to USD 287m. Following the upfront share transaction, current Heptagon shareholders which include financial investors, management, and other employees are expected to hold around 20% in ams AG.

Bär & Karrer acts as legal counsel to Heptagon Advanced Micro-Optics Pte. Ltd. and its shareholders. The team includes Till Spillmann, Andrea Giger, Adrian Koller and Pierina Janett (all M&A), Markus Wang (IP), Susanne Schreiber and Ruth Bloch-Riemer (both tax) as well as Mariel Hoch, Dieter Dubs (both securities law).