Cooley Advised Ferric on Agreement to Be Acquired by onsemi for Up To $775 Million
Cooley advised Ferric, an innovator in integrated voltage regulator (IVR) technology, on its agreement to be acquired by onsemi, a semiconductor company that delivers intelligent power and sensing technologies that enable electrification, energy efficiency, safety, and automation across automotive, industrial, and AI data center end‑markets. Under the terms of the agreement, onsemi will acquire Ferric for $600 million in cash at closing, plus up to $175 million in additional cash consideration tied to the achievement of revenue milestones.
The transaction is expected to close by the end of 2026.
Adam Bloom, Allison Pang, Gaël Hagan, Cameron Gyorffy, and Alice Wu led the team advising Ferric.
Timothy Shapiro, Charles Haley, Megan Browdie, Karun Ahuja, Robert Jacques, Carly Gibbons, Erica Russell, Blake Martell, Calvin Lee, Nicollette Kirby, Jennifer Ok, Makesi Buddy, Rubin Waranch, and Ryan Bowers provided invaluable support.
Cooley previously advised Ferric on multiple financing matters, including its Series C Financing in 2024.
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