Dialog Semiconductor’s $500 Million Acquisition of Adesto Technologies

Fenwick & West represented Adesto Technologies Corporation in the transaction.

Dialog Semiconductor plc (XETRA: DLG) executed the acquisition of Adesto Technologies Corporation (NASDAQ: IOTS) for $12.55 per share in cash, or for approximately $500 million enterprise value.

The transaction is subject to certain regulatory approvals and customary closing conditions and is expected to close in the third quarter of 2020.

The acquisition of Adesto accelerates Dialog’s expansion into the growing IIoT market that enables smart buildings and industrial automation (Industry 4.0), seamlessly driving cloud connectivity.

The Fenwick transaction team included corporate partners Mark Leahy (Picture) and David Michaels, counsel Nicholas Dumont, associates Victoria Lupu, Christopher Gorman, Daisy Chen, Samuel Fleuter and Joshua Fuller and law clerk Sullivan Berthier; executive compensation and employee benefits partner Scott Spector and Gerald Audant, counsel Nicholas Frey, and associates Sarah Ghulamhussain and Jonathan Stephenson; technology transactions partner Stephen Gillespie and associates Russell Wong and Albert Tawil; antitrust & trade regulation partner Mark Ostrau; and tax partner William Skinner and Julia Ushakova-Stein.??

Involved fees earner: Gerald Audant – Fenwick & West LLP; Daisy Chen – Fenwick & West LLP; Nicholas Dumont – Fenwick & West LLP; Samuel Fleuter – Fenwick & West LLP; Nicholas Frey – Fenwick & West LLP; Joshua Fuller – Fenwick & West LLP; Sarah Ghulamhussain – Fenwick & West LLP; Stephen Gillespie – Fenwick & West LLP; Christopher Gorman – Fenwick & West LLP; Mark Leahy – Fenwick & West LLP; Victoria Lupu – Fenwick & West LLP; David Michaels – Fenwick & West LLP; Mark Ostrau – Fenwick & West LLP; William Skinner – Fenwick & West LLP; Scott Spector – Fenwick & West LLP; Jonathan Stephenson – Fenwick & West LLP; Albert Tawil – Fenwick & West LLP; Julia Ushakova-Stein – Fenwick & West LLP; Russell Wong – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Adesto Technologies Corp;

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Author: Ambrogio Visconti