Fenwick & West represented Synaptics Inc. (NASDAQ: SYNA), a leader in human interface solutions, in its acquisition of Validity Sensors, Inc., a leading provider of biometric fingerprint authentication solutions for smartphones. Under the terms of the merger agreement, Synaptics will pay approximately $92.5 million in cash and stock at the closing plus potential performance payments over a multi-year period for a total potential consideration of up to $255 million. The acquisition is expected to close in the current quarter, subject to customary closing conditions and regulatory reviews, as necessary.
The Fenwick transaction team included Dave Healy, Gordon Davidson, Stuart Meyer, Ron Schrotenboer, Mark Ostrau, Scott Spector, Bill Hughes, Dan McCoy, Mark Porter, Guilherme Potenza, Edgar Tirado, Ryan Slunaker, Sophia Chen, Marshall Mort, Patrick Grilli, Kristin O'Hanlon, Seth Oranburg, Philip Reuther and Natalie Pardo de Zela.
More information about Synaptics’ acquisition of Validity Sensors is available through the announcement on Synaptics’ website.