Milbank LLP advised Integrated Micro-Electronics (IMI), through its wholly-owned subsidiary Coöperatief IMI Europe U.A., on the sale of its majority stake in VIA Optronics Holding AG to members of VIA's management and advisory team.
This strategic divestment is part of IMI's portfolio realignment strategy to sharpen its focus on core strengths in the automotive and industrial EMS sectors. The transaction supports the optimization of IMI's global footprint to concentrate capital and management allocation into high-growth, high-profitability markets.
IMI is a leading global electronics manufacturing solutions provider specializing in the automotive, industrial, power electronics, communications, and medical industries, and is part of the Ayala Group of companies, one of the oldest and largest conglomerates in the Philippines.
VIA is a leading provider of interactive display solutions for high-end markets with demanding technical and environmental requirements.
"We are pleased to have advised IMI on this strategic divestment," said Michael Bernhardt, Milbank Corporate partner based in Frankfurt. "This transaction allows IMI to sharpen its focus on its core automotive and industrial EMS businesses while providing VIA with a management-led ownership structure to pursue its growth objectives."
“We are delighted to have advised IMI and the Ayala Group, a long-standing client of the firm, on another successful transaction, which showcased Milbank’s broad capability in advising Philippine clients with respect to their international businesses,” added Hong Kong-based Corporate Finance and Securities partner Paul Pery.
The Milbank deal team was led by Corporate partner Michael Bernhardt and Corporate Finance and Securities partner Paul Pery, and included Tax partner Matthias Schell, Corporate associate Josephine Schuster and Tax associate Nikolas Wolf.
