Littelfuse, Inc. (NasdaqGS:LFUS) entered into an agreement to acquire C&K Components, Inc. from Sun Capital Partners, Inc. for an enterprise value of $540 million on April 7, 2022. The transaction shall be paid in cash, subject to certain adjustments based on a “locked box” mechanism. Littelfuse shall finance the transaction consideration through a combination of cash and debt. In 2021, C&K reported a total revenues of $200 million. The transaction is subject to certain closing conditions, including (i) the receipt by Littelfuse of antitrust clearances in the United States including expiration or termination of any applicable waiting periods prescribed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the German Federal Cartel Office and Germany Federal Ministry for Economic Affairs and Climate Action, (ii) the receipt by Littelfuse of foreign investment authorization in France and Germany and (iii) the receipt by a subsidiary of Sun European of an outstanding foreign investment authorization in France. The deal will automatically terminate if any closing condition has not been fulfilled on or before the date five months from the date of the agreement. The transaction is expected to close during the second calendar quarter of 2022. Marco Compagnoni, Oliver Walker, Alexis Brown-Reilly, Hein Visser, Yujing Liu, Florian Wessel and Martin Weatherston-Wilson of Weil, Gotshal & Manges (London) Llp acted as legal advisor to Sun European Partners while Edward D. Herlihy and Mark F. Veblen of Wachtell, Lipton, Rosen & Katz LLP and Tom Rose, Adam Campbell, Richard Pepper, Jeremy Moncrieff, Henry Cooksey, Charishma Bhujohory, George Apps, Madison Isted and Rosie Duckworth of Macfarlanes LLP acted as legal advisors to Littelfuse. Noam Ankri, Pierre Roux, Olivier Dorgans, Jacques Dabreteau, Muriel Pariente, Philippe None and David Noblinski of Ashurst Paris, Jan Ischreyt, Jan Krekeler, Nicholas Deuerling, Lukas Mller, Holger Mlynek and Nikolos Tsagareli of Ashurst Germany, Isabelle Lentz, Paul Witte and Fabien Debroise of Ashurst Luxembourg, Frank Bi and Michael Sheng of Ashurst China and Hong Kong and Wes Strickland and Michael Neary of Ashurst United States acted as legal advisors for Sun Capital Partners, Inc. William Blair acted as the exclusive financial advisor to C&K Components.

Littelfuse, Inc. (NasdaqGS:LFUS) completed the acquisition of C&K Components, Inc. from Sun Capital Partners, Inc. on July 19, 2022. Ernst & Young LLP acted as due diligence provider and financial advisor to Littelfuse, Inc. (NasdaqGS:LFUS).