On 11 December 2020, Swissbit Holding AG, a specialist provider of data-storage and embedded IoT solutions for industrial applications, agreed to acquire Hyperstone GmbH, Hyperstone Asia Pacific Ltd and Hyperstone Inc., a leading supplier of flash memory controllers. Hyperstone’s existing management will reinvest in the company as part of the transaction and will also hold a stake in the company in the future. The transaction is still subject to approval by the relevant authorities.
Niederer Kraft Frey acted as Swiss counsel to the private equity investor Ardian, the majority shareholder of Swissbit, in this transaction. The NKF team included partners Till Spillmann (M&A and Financing), Patrik Peyer and Moritz Maurer (both M&A), senior associate Andrea Giger (M&A and Financing), associate Corinne Russi and junior associate Tanja Lutz (both M&A). Latham & Watkins LLP acted as lead counsel for Ardian.