FEI to Acquire DCG Systems in an All-Cash Transaction

On October 27, 2015, FEI Company, a designer, manufacturer, and supporter of high-performance microscope technology, and DCG Systems, a leading provider of electrical failure analysis solutions to semiconductor and electronics manufacturers, announced a definitive agreement under which FEI will acquire DCG in an all-cash transaction valued at $160 million. Wilson Sonsini Goodrich & Rosati is advising FEI in the transaction.

According to the companies' joint press release, the deal combines FEI's leading physical failure analysis capabilities for the semiconductor lab with DCG's complementary portfolio of electrical failure analysis solutions. DCG's offerings expand FEI's served available market through the addition of optical imaging, thermal imaging, and nano-probing technologies. The combined company's solutions will offer a more complete workflow for customers as they deal with the increasing complexities from process development to advanced 3D packaging. The transaction is expected to close by the end of 2015 and is subject to certain regulatory approvals and customary closing conditions.

The WSGR team representing FEI in the transaction includes:

M&A:
Mike Ringler
John Olson
Michelle Fernandes
Jennifer Sayles

Corporate:
Tony Jeffries

Technology Transactions:
Mike Murphy
T.J. Graham
Caitlin Courtney

Tax:
Greg Broome
Andrew Bryant

Employee Benefits & Compensation:
John Aguirre
Brandon Gantus
Jessica Bliss
Mark Cornillez-Ty

Employment Law:
Rebecca Stuart

Antitrust:
Paul Jin
Christopher Williams

For more information, click here to read the companies' joint press release.