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.

The WSGR team representing Sino IC Capital in the transaction includes partners Zhan Chen and Weiheng Chen and associates Jing Xu, Jill Sheng, Alice Li, and Jane Wang.

For more information, please see the companies' joint press release.