MoFo Advises FormFactor in Its Partnership with MBK Partners to Acquire FICT

Morrison Foerster advised FormFactor Inc. [NASDAQ:FORM] (“FormFactor”) – a leading provider of test and measurement technologies for the semiconductor industry – in its partnership with Asia-based private equity firm MBK Partners (“MBKP”) to acquire FICT Limited (“FICT”) – a designer and manufacturer of high-end printed circuit boards (PCBs) and substrates – from Asia-based private equity firm Advantage Partners. A share purchase agreement has been signed with Advantage Partners and the parties intend to close the transaction expeditiously.

For more than half a century, FICT has been at the forefront of technological advancements in the field of interconnect technologies, such as high-multilayer printed circuit boards, semiconductor package substrates, space transformers, and multilayer organic substrates for probe cards. FICT's products are instrumental in shaping the future of the advanced information network society, including applications from supercomputers to semiconductor test equipment.

The Tokyo-based deal team advising FormFactor was led by Tokyo partners Randy Laxer and Mitsutoshi Uchida, and attorney Adam Harris, with assistance from corporate associates Letian Ge and Karin Ito.

Read the press release.