Hogan Lovells advised Intel Corporation on its agreement to sell a minority stake in its IMS Nanofabrication GmbH business to Bain Capital in a deal that values the company at around $4.3 billion.
Intel said it’s selling an approximately 20% stake in Vienna, Austria-based IMS, which supplies multi-beam mask-writing tools used in semiconductor manufacturing. The buyer is Bain’s special situations unit in a deal expected to close in the third quarter.
Intel said in a statement that it bought a stake in IMS in 2009, acquired it outright in 2015 and has since earned a significant return from the investment. ...
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