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Ropes & Gray Represents MACOM in Acquisition of the RF Business of Wolfspeed, Inc.

Practices: Mergers & Acquisitions, Technology, Media & Telecommunications

Ropes & Gray advised MACOM Technology Solutions Holdings, Inc., a leading supplier of semiconductor products, in a definitive agreement to acquire the radio frequency (RF) business of Wolfspeed, Inc. The business serves a broad customer base of leading aerospace, defense, industrial and telecommunications customers and most recently generated annualized revenues of approximately $150 million. The RF Business will be acquired for $125 million, including $75 million cash paid at closing and $50 million of MACOM common stock issued with certain restrictions. The transaction was announced in a press release on August 22.

Headquartered in Lowell, Massachusetts, MACOM designs and manufactures high-performance semiconductor products for the telecommunications, industrial and defense and datacenter industries.

The team was led by mergers and acquisitions partner Marko Zatylny, IP transactions partners Regina Sam Penti, Ed Black and David McIntosh, litigation & enforcement partners Jonathan Klarfeld and Annie Herdman, employment partner Stephanie Bruce, executive compensation & employee benefits partner Danna Kivell, tax partner Scott Pinarchick, real estate partner David Kaye and environmental regulatory partner Peter Alpert.

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