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International CMS team advises Coherent on acquisition of ROFIN-SINAR Technologies

07/11/2016

Frankfurt/Main – Coherent, Inc. ("Coherent"), a world leader in lasers and laser-based technology for scientific, commercial and industrial customers, has today announced completion of its acquisition of ROFIN-SINAR Technologies, Inc. ("Rofin"), one of the world's leading developers and manufacturers of high-performance industrial laser sources and laser-based solutions and components at a cash price of $ 32.50 per share in a transaction with an estimated value of approximately $ 942 million. Coherent financed the transaction with a combination of cash on hand and an acquisition loan for EUR 670 million. As a result of the transaction, trade with Rofin common stockon the NASDAQ and Frankfurt Stock Exchange will be suspended.

An international CMS team led by lead partner, Dr Heike Wagner, CMS Germany provided Coherent with comprehensive legal advice on the acquisition. The mandate included the reorganisation of the group structure and advice in connection with the delisting and the acquisition financing in all relevant European jurisdictions – in particular, in the Netherlands, England, Scotland, Spain, Italy, France and Switzerland Coherent has relied on the expertise of the CMS lawyers for many years already, for example, when acquiring Lumera Laser GmbH and Innolight GmbH.

Founded in 1966, Coherent is one of the world's leading providers of lasers and laser-based technology for scientific, commercial and industrial customers. In the last financial year the company, with its registered office in Santa Clara, California, had net sales of $ 802.5 million.

ROFIN-SINAR Technologies with operational headquarters in Plymouth, Michigan, and Hamburg posted net sales of $ 519.6 million for the last financial year. The company is a leading manufacturer of lasers and laser-based system solutions for industrial material processing applications. The company focuses on developing key innovative technologies and modern production methods for a wide variety of industrial applications based on a broad scope of technologies.

CMS Germany

Dr Heike Wagner; Lead Partner
Dr Florian Plagemann
Tobias Arnold, both Associates, all Corporate/M&A
Dr Tobias Kilian, Of-Counsel, Notary
Dr Jochen Schlotter, Partner
Dominik von Zehmen, Associate, both Capital Markets
Dr. Markus M. Pfaff, Partner
Dr. Roman Gaitzsch, Senior Associate, both Coordination Finance
Dr. Daniel Voigt, Partner
Sebastian Sedlak, Senior Associates, both Finance
Carsten Domke, Partner, Labor, Employment & Pensions

CMS Netherlands

Roman Tarlavski, Partner
Abbas Ali Hyder, Associate, both Corporate
Eduard Scheenstra, Partner
Jenny Noordermeer, Associate, both Finance

CMS UK

Dawn Reoch, Partner
Fiona Henderson, Associate, both Finance
Bruce Graeme, Partner
Matthew Harkness, Associate, both Corporate

CMS Spain

Elena Alcázar
Irene Siurana Sieiro, both Associates, both Corporate
Abraham Nájera, Partner
Jacobo Otero, Associate, both Finance

CMS Switzerland

Dr Stefan Brunnschweiler, Partner
Franziska Hammer, Counsel
Andrea Ferchl, Associate, all Corporate
Jürg Guggisberg, Partner, Capital Markets

CMS France

Jean-Robert Bousquet, Partner
Cecile Sommelet, Counsel, both Corporate

CMS Italy

Pietro Cavasola, Partner
Serene Carroli, Senior Associate, both Corporate

Castrén & Snellman, Finland

Juhani Lautjärvi

Wilson Sonsini Goodrich & Rosati P.C.

Denny Kwon
Michael S. Ringler
John Olson, all Corporate
John Fore
Aaron L. Wax
Annie Datesh
Dana James Hall, all Finance

Press contact
presse@cms-hs.com

Press releases
Press Release Coherent, 07/11/2016
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