Xcerra Corporation to Be Acquired by Affiliate of Sino IC Capital
On April 10, 2017, Xcerra Corporation, a designer and manufacturer of test equipment and other related products for testing semiconductors and printed circuit boards, and Sino IC Capital, a China-based private equity firm, announced that Xcerra and an affiliate of Sino IC Capital, Unic Capital Management, have entered into a definitive agreement under which Unic Capital Management will acquire all outstanding shares of Xcerra for $10.25 per share in cash, valuing the company's equity at approximately $580 million on a fully diluted basis. Wilson Sonsini Goodrich & Rosati is representing Sino IC Capital in the transaction.
The transaction is expected to close before the end of calendar year 2017, subject to a number of conditions, including approval by Xcerra's shareholders and other regulatory approvals.
For more information, please see the companies' joint press release.