Veritas Capital Affiliate Acquires EMCORE’s Space Photovoltaics Business

SRZ represented Veritas Capital in its affiliate’s purchase of EMCORE Corporation’s Space Photovoltaics business for $150 million in cash. The transaction, announced on Sept. 17, closed on Dec. 10. Albuquerque, NM-based EMCORE provides compound semiconductor-based components, subsystems and systems to the fiber optics and space solar power industries, and its Space Photovoltaics business provides products for space power applications.

The SRZ team representing Veritas Capital included environmental partner Howard B. Epstein; intellectual property, sourcing & technology special counsel Scott M. Kareff; finance partner Ronald B. Risdon; tax partner Kurt F. Rosell; litigation partner Gary Stein; antitrust partner Michael E. Swartz and special counsel Michael G. Cutini; real estate partner Julian M. Wise and special counsel Seth R. Henslovitz; employment & employee benefits associate Frank P. Sabatini, III;and former Schulte lawyers Caitlin R. Cornell and John Garces.