Global law firm Freshfields has advised u-blox Holding AG, a global provider of leading positioning and short-range communication technologies and services, on the regulatory aspects of entering into a transaction agreement with ZI Zenith S.à r.l., an indirect subsidiary of funds managed and/or advised by Advent International, L.P., a leading global private equity investor.

Under the agreement, ZI Zenith will launch a public tender offer for all publicly held u-blox shares at a price of CHF 135 per share in cash. The offer price represents a 32.4% premium to the (undistorted) VWAP of the last 60 trading days until August 14, 2025. The offer values SIX-listed u-blox at approximately CHF 1,050m. The board of directors of u-blox unanimously approved the transaction, completion of which is expected to occur in Q1 2026, subject to customary conditions.

The Freshfields team was led by Partners Frank Röhling (Antitrust, Berlin) and Nabeel Yousef (Regulatory, Washington) and also included Counsel Mariusz Motyka-Mojkowski (Antitrust, Berlin), Senior Associate Noah Lipkowitz (Regulatory, New York), and Associates Christopher Sickinger (Antitrust, Berlin) and Yusuf Tarr (Regulatory, New York).

Walder Wyss was serving as u-blox’s lead counsel.