Ropes & Gray Advises H.I.G. Capital in its Investment in SMTC Corporation
Ropes & Gray advised H.I.G. Capital in its investment in SMTC Corporation, a global electronics manufacturing services provider. The transaction was announced on Jan. 4. The press release is here.
Under the terms of the agreement, an affiliate of H.I.G. will acquire all outstanding shares of SMTC Corporation’s common stock for $6.044 per share in cash. The SMTC Corporation Board of Directors has unanimously approved the transaction and recommends that company’s stockholders adopt the merger agreement. H.I.G. Capital is a leading global alternative investment firm with $42 billion of equity capital under management.
The Ropes & Gray team that represented H.I.G. Capital was led by private equity partner Eric Issadore (San Francisco), and included finance partner Stefanie Birkmann (New York), employment, executive compensation & benefits partners Alexandra Alperovich and Megan Bisk (Boston), IP transactions partner Megan Baca (Silicon Valley), data, privacy & cybersecurity partner Edward McNicholas (Washington D.C.), tax partner Amanda Holt (Boston), real estate partner Peter Alpert (Boston), and life sciences, regulatory & compliance partner Kellie Combs (Washington D.C.).