Kirkland, Mintz Levin feed Brooks Automation $ 3 billion in unit sales

Signage is visible outside the Kirkland & Ellis LLP law firm in Washington, DC, United States, August 30, 2020. REUTERS / Andrew Kelly

  • Thomas H. Lee Partners turned to Kirkland for the deal
  • Mintz Levin advises Brooks Automation

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(Reuters) – Private equity firm Thomas H. Lee Partners LP turned to Kirkland & Ellis to guide its $ 3 billion acquisition of the semiconductor business of Brooks Automation Inc. Mintz, Levin, Cohn , Ferris, Glovsky and Popeo advise Brooks Automation.

The companies announced the transaction on Monday. Brooks Automation has abandoned its plan to separate the semiconductor unit from its life sciences business.

Thomas H. Lee Partners works with a team from Kirkland led by business partners Ted Frankel and Cole Parker and debt financing partner Eric Wedel.

Frankel also recently led a team of Kirkland lawyers who advised the private equity firm on its sale of a stake in robotic technology company AutoStore to Softbank Group Corp, as part of a 2-year deal. , $ 8 billion, according to an April press release.

Brooks Automation, based in Chelmsford, Mass., Turned to regular advisor Mintz Levin for advice on selling their semiconductor unit. The firm’s team was led by corporate members Michael Fantozzi, Daniel Kajunski and Robert Burwell.

Fantozzi and Kajunski previously contributed to Brooks Automation’s acquisition of genomics service provider Genewiz Inc, according to a September 2018 press release.

A representative for the company said Mintz Levin has advised Brooks Automation on several merger and acquisition projects while also acting as securities and corporate advisor to the company.

The sale of Brooks Automation’s semiconductor unit is expected to close in the first half of 2022.

The financial adviser to the company is Evercore Inc, and the accounting adviser to Thomas H. Lee Partners is PricewaterhouseCoopers.

Brooks Automation’s Life Sciences segment caters to customers in the pharmaceutical, biotechnology and healthcare industries globally, while the Automation segment provides robotic and other automated solutions to chipmakers. and equipment manufacturers.

The deal is at least the second multibillion-dollar semiconductor transaction since mid-summer, as the industry faces a global chip shortage.

In July, semiconductor equipment maker MKS Instruments Inc announced the acquisition of specialty chemicals group Atotech Ltd for $ 5.1 billion with backing from five law firms. DLA Piper, Wilmer Cutler Pickering Hale and Dorr and Carey Olsen represented MKS Instruments. Latham & Watkins and Ogier advised Atotech.

Read more:

Brooks Automation to Sell Automation Unit for $ 3 Billion, Drops Separation Plans

Law Firm Quintet Fuels MKS Offer to Boost Semiconductor Business

Sierra Jackson

Sierra Jackson reports on legal matters in major mergers and acquisitions, including transactions, litigation and regulatory changes. Contact her at [email protected]

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Bernice Dyer

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