Mintz is serving as legal counsel to Brooks Automation, Inc. (Nasdaq: BRKS) (Brooks), a leading provider of life science sample-based solutions and semiconductor manufacturing automation solutions worldwide, in the proposed sale of its Semiconductor Solutions business to private equity firm Thomas H. Lee Partners, L.P. (THL) for $3 billion in cash. The transaction is expected to close in the first half of 2022.
Headquartered in Chelmsford, Mass., Brooks operates two global, market-leading businesses, Life Sciences and Semiconductor Solutions, each with its own distinct area of focus and expertise. The Life Sciences business provides a full suite of reliable cold-chain sample management solutions and genomic services across areas such as drug development, clinical research, and advanced cell therapies for the industry's top pharmaceutical, biotechnology, academic and healthcare institutions globally. With over 40 years as a partner to the semiconductor manufacturing industry, Brooks' Semiconductor Solutions business provides industry-leading precision vacuum robotics, integrated automation systems, and contamination control solutions to the world's leading semiconductor chip makers and equipment manufacturers, as well as collaborative robotics and automation capabilities for multi-market applications.
As a result of the pending sale, Brooks will no longer pursue a separation into two independent and publicly traded companies as previously announced, and its Semiconductor Solutions business will transition to the ownership of THL along with the Brooks Automation name and brand. Proceeds from the transaction will be used to accelerate the growth of Brooks’ Life Sciences business, which, upon closing, will operate as a standalone publicly traded company under a new name yet to be announced.
Mintz has a longstanding relationship with Brooks, serving as securities and corporate counsel, which includes advising on their major M&A projects. The Mintz team serving as legal counsel to Brooks in this transaction is led by Managing Member of the firm’s Boston Office and Chair of the firm’s Corporate, Tax, Private Client & Immigration Division Michael Fantozzi, Member Daniel Kajunski, Member and Co-chair of the firm’s Retail and Consumer Products Practice Robert Burwell, and Associate Maarten Tuurenhout.
Mintz’s Mergers & Acquisitions Practice includes an interdisciplinary group of more than 100 professionals from many areas of specialization, including corporate, tax, intellectual property, employee benefits, environmental, regulatory, real estate, antitrust, and others. The firm’s portfolio of successful deals includes transactions of virtually every size and type, from large public-to-public mergers to sales of private venture-backed businesses to negotiated and contested transactions and domestic, international, and cross-border transactions.