Mintz is representing Future Electronics in its announced sale to Taiwan-based WT Microelectronics (TAIEX: 3036). The all-cash sale will see WT Microelectronics acquire 100% of Future Electronics shares for an enterprise value of $3.8 billion. The transaction is expected to close in the first half of 2024.
Montreal-based Future Electronics is a global electronics distribution company which provides customers with supply chain solutions, engineering services, and a variety of electronic components. It employs 5,200 people across 47 countries.
Mintz M&A Group Members Daniel Follansbee and Ran Zioni led a multi-office, multi-disciplinary team that included Corporate Special Counsel Nicholas Perricone, Associates Jason Miller, Jon Taylor, Nicole Llinares, and Matt Diaz. The Mintz deal team included, among many others, Members Robert Kidwell (Antitrust and CFIUS), Matthew Gauthier and Joseph Price (Debt Financing), and Benjamin Ferrucci (Employment). Toronto Office Managing Partner Mitch Frazer, Partners Eric Foster and Brad Tartick, and Of Counsel Matthew Imrie and their teams provided valuable guidance and support with respect to Canadian law issues and deal practice.
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.