Gleiss Lutz advised Beijing Jianguang Asset Management Co., Ltd (“JAC Capital”) and Wise Road Capital LTD (“Wise Road Capital”) on the takeover of the “Standard Products” division of NXP Semiconductors. The transaction is worth USD 2.75 billion. Now that it has been approved by the US Federal Trade Commission, the European Commission, the Chinese Ministry of Trade and other authorities, the transaction has now been executed as planned.
Following the execution of the transaction, the standard semiconductor division will be continued as an independent undertaking under the name of Nexperia. Nexperia primarily manufactures semiconductors for the automobile industry, as well as consumer electronics. The undertaking, which is domiciled in Nijmegen, The Netherlands, has over 11,000 employees in Asia, Europe and the U.S. and generated a turnover of more than USD 1.1 billion in 2016.
JAC Capital is a Chinese investment company which focuses on investments in semiconductor, information technology, networking, as well as on cloud computing, data service and telecommunications. Wise Road Capital is a globally active private equity fund which likewise focuses on undertakings in the high-tech sector.
Gleiss Lutz advised JAC Capital and Wise Road Capital comprehensively on all aspects of German law. The Chinese consortium was advised by the following team of Gleiss Lutz lawyers: Dr. Urszula Nartowska (lead, partner, corporate/M&A, Hamburg), Dr. Stefan Lingemann (partner, labour law, Hamburg/Berlin), Dr. Jacob von Andreae (partner, public law, Düsseldorf), Konrad H.J. Discher (real estate, Berlin), Josefine Chakrabarti (labour law, Ber-lin) and Karsten Kreiling (corporate/M&A, Berlin).
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