Consortium around MIG Fonds sells Siltectra to Infineon Technologies
Munich — Reed Smith has advised Munich-based MIG Fonds, one of the leading VC investors, as well as other shareholders such as GA Asset Fund on the sale of all shares in Dresden-based Siltectra GmbH to Infineon Technologies AG. The purchase price was approximately EUR 124 million.
Siltectra GmbH is an innovative company founded in 2010 in the field of development of wafering technologies and related process equipment for the cleavage of semiconductor materials. With a patent portfolio of more than 50 patent families, Siltectra has developed a process that allows crystalline materials to be separated with minimal material loss compared to standard sawing technology (“cold split technology”). Infineon will use cold split technology to split silicon carbide (SiC) wafers, doubling the number of chips from one wafer.
MIG Verwaltungs AG (MIG AG) is one of Germany’s leading VC investors with over EUR 1 billion in capital under management. The MIG funds provide young companies with the financial resources they need to start up and finance growth in the high-tech and life science sectors. Currently, MIG AG’s investment portfolio consists of 24 companies.
Advisor to MIG Fonds / consortium of sellers: Reed Smith
Led by Florian Hirschmann (photo ) and Silvio McMiken (Private Equity/Venture Capital), Thomas Gierath (M&A/Tax), Tilman Siebert (Antitrust), Dr. Alexander Klett (IP) (all Munich), Dr. Anette Gaertner (IP, Frankfurt), Tobias Schulz and Siling Zhong-Ganga (M&A/Corporate), Viktoria Ritter (M&A/Tax), and Dr. Christoph Mikyska (IP) (all Munich).
Bardehle Pagenberg: Prof. Dr. Peter Chrocziel, Michael Kobler, Joachim Mader and Tobias Kaufmann. Investment Bank: Cowen & Company LLC (New York)
Advisors to Infineon Technologies AG: Dr. Horst Meyer, Corporate Legal Counsel, Vice President (Lead Legal); Julia Halasz, Senior Director, Mergers & Acquisitions; Michael Friedinger, Vice President Infineon Technologies AG (Finance); Gleiss Lutz (Legal, Munich and Frankfurt).
About Reed Smith
Reed Smith is one of the leading international law firms with more than 1,700 lawyers in 28 offices in Europe, the United States, the Middle East and Asia.