Ropes & Gray advised THL Partners in an agreement to sell portfolio company AMI, an AI cloud and platform management firm, to Lattice Semiconductor for $1.65 billion. The transaction was announced on May 4 and is expected to close in the third quarter of 2026.
AMI provides platform firmware and infrastructure manageability solutions for cloud and artificial intelligence applications. The company is expected to generate over $200 million in revenue in 2026.
AMI is majority owned by THL Partners, a leading middle-market private equity firm and established investor in global semiconductor and compute infrastructure.
The Ropes & Gray team was led by private equity partner Scott Abramowitz and included private equity partners Sandy Boer and Will Shields and associate Garrett Miller, tax partner Tristan Evans-Wilent, employment, executive compensation & benefits partner Kyle Higley, antitrust partners Jackie Grise and Ruchit Patel, employment partner Greg Demers, and data, and privacy & cybersecurity partner Fran Faircloth.
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.