Bain Capital to buy 20% stake in Intel’s IMS Nanofabrication

IMS Nanofabrication is a global technology company for multi-beam mask writers.

  • IMS will operate as a standalone subsidiary and will continue to be led by Elmar Platzgummer, CEO
  • Intel first invested in IMS in 2009 and acquired the business in 2015
  • Bain Capital Special Situations has $18bn in assets under management

Bain Capital Special Situations has agreed to buy around 20 percent of IMS Nanofabrication, a global technology company for multi-beam mask writers, from Intel Corporation in a transaction valued at around $4.3 billion.

IMS is headquartered in Vienna, Austria. The company is a subsidiary of Intel Corporation.

IMS will operate as a standalone subsidiary and will continue to be led by Elmar Platzgummer, CEO.

Intel first invested in IMS in 2009 and acquired the business in 2015.

IMS has delivered a “significant” return on investment to Intel while growing its workforce and production capacity by four times and delivering three additional product generations, according to a release.

“As the global leader and innovator of emerging technologies in the semiconductor fabrication and nanotech industries, we believe IMS is well-positioned to capitalise on attractive secular tailwinds as additional chip production capacity comes online and build on its leading competitive position, tech differentiation and cutting-edge product capabilities,” said Marvin Larbi-Yeboa, a partner at Bain Capital.

The transaction is expected to close in the third quarter of 2023.

Bain Capital Special Situations is a global team of investors. The firm has $18 billion in assets under management and has invested more than $28 billion since inception.

Intel is a technology company headquartered in Santa Clara, California.