Cerha Hempel has advised AT&S on its sale of AT&S Korea to SO.MA.CI.S. Schoenherr, Latham & Watkins, and Kim & Chang reportedly advised the buyers.
Headquartered in Leoben, Austria, AT&S is a publicly listed manufacturer of high-end IC substrates and printed circuit boards.
SO.MA.CI.S manufactures electronic products.
According to Cerha Hempel, “the sale includes all shares held by AT&S in AT&S Korea, and thus also includes the plant in Ansan, South Korea. The purchase price (equity value) amounts to EUR 405 million, plus interest and minus dividend payments. The transaction is subject to closing of the acquisition of SO.MA.CI.S. by Bain Capital Private Equity, as well as merger control approvals, and is expected to be completed by March 2025.”
The Cerha Hempel team included Managing Partner Clemens Hasenauer, Partners Harald Stingl, Lorenz Pracht, Johannes Prinz, Benjamin Twardosz, and Anna Wolf-Posch, Senior Associate Philipp Schaubach, and Associates Sophie Stock, Hannah Gerbl, Alexander Kainz, and Denise Runceanu.
