Global law firm White & Case LLP has advised Qatalyst Partners on the €4.886 billion public offer by Renesas Electronics Corporation for Dialog Semiconductor Plc.
White & Case partner Philip Broke, who co-led the Firm's deal team said: "This transaction reflects our public company expertise in key jurisdictions around the world and our ability to operate across multiple offices seamlessly."
Qatalyst Partners, a global, independent, technology-focused investment bank, is joint Rule 3 financial adviser to Dialog Semiconductor Plc.
Dialog is an innovative provider of integrated circuits that power mobile devices, consumer Internet of Things (IoT) and Industry 4.0, integral to some of today's leading mobile devices and the enabling element for increasing battery performance and productivity on the go.
This transaction is the first takeover offer for what would have been a shared jurisdiction company since the end of the Brexit-transition period, and involved advice as to the regulatory regimes of both Germany and the UK.
Renesas, which has a market value of approximately US$20.5 billion on the Tokyo Stock Exchange (as of closing on 5 February 2021) and a component of the JPX Nikkei Index 400, is one of the largest suppliers of semiconductors used in cars. The all-cash offer is priced at €67.50 a share and represents a 20 percent premium to Dialog's closing price on 5 February 2021 and 52 percent above its average trading price for the previous three months.
The White & Case team that advised on the transaction was led by partners Philip Broke (London), and Lutz Kraemer (Frankfurt), and included partner Nicholas Greenacre (London) and associates Benedikt Happ (Frankfurt) and Kal Leung (London).
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