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O’Melveny Represents Finisar in US$3.2 Billion Agreement to be Acquired by II-VI Incorporated

November 09, 2018

FOR IMMEDIATE RELEASE

SILICON VALLEY—NOVEMBER 9, 2018—O’Melveny represented Finisar Corporation (NASDAQ: FNSR), a global technology leader in optical communications, in a definitive agreement under which II-VI Incorporated (NASDAQ:IIVI), will acquire the company in a cash and stock transaction valued at approximately US $3.2 billion. The O’Melveny team was led by David Makarechian, Silicon Valley partner and chair of the firm’s Emerging Technologies Practice, and San Francisco counsel Noah Kornblith.

The transaction is expected to close in the middle of calendar year 2019, subject to approval by each company’s shareholders, antitrust regulatory approvals, and other customary closing conditions.

The combination of II-VI and Finisar would unite two innovative, industry leaders with complementary capabilities and cultures to form a formidable industry leading photonics and compound semiconductor company capable of serving the broad set of fast growing market segments of communications, consumer electronics, military, industrial processing lasers, automotive semiconductor equipment and life sciences.

“This deal is a significant bellwether for two companies which provide compelling technologies,” said O’Melveny M&A counsel Noah Kornblith, who helped lead the firm’s transaction team. “We are excited to have helped bring two innovative companies together.”

Finisar Corporation is a global technology leader in optical communications, providing components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics and automotive companies. Founded in 1988, Finisar designs products that meet the increasing demands for network bandwidth, data storage and 3D sensing subsystems.

II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers.

In addition to David Makarechian and Noah Kornblith, the M&A team also included Scott Widen, John Chong, Wenting Yu, Carolyn White and Amanda Bradley. In addition, Courtney Dyer, Courtney Byrd, Philip Monaghan, Christian Riis-Madsen, Philippe Nogues and Maude Vonderau are providing antitrust advice, Warren Fox and Jeff Walbridge provided advice on executive compensation matters, Brian Danella and Katie Tague provided IP advice, Eric Amdursky and Ashley Brown provided labor and employment advice, Eric Rothenberg, Bob Nicksin and John Rousakis provided environmental advice, Jennifer Taylor, Jeeho Lee and Sarah Levesque advised on financing and securities matters, along with Rob Plesnarski and Shelly Heyduk, Scott Pink advised on security and privacy matters, Robert Fisher and Billy Abbott provided tax advice, and Greta Lichtenbaum advised on certain regulatory matters.

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Contact:

Christopher Rieck
O’Melveny & Myers LLP
+1 212 326 2218
crieck@omm.com