Announcements Maples and Calder Advises on Largest Semiconductor Acquisition in History

09 Mar 2016

Maples and Calder has advised Singapore-based Avago Technologies Limited ("Avago") on the Cayman Islands aspects of its US$37 billion acquisition of Broadcom Corporation ("Broadcom"), which closed on 1 February 2016. 

Under the agreed terms of the deal the transaction included a scheme of arrangement implemented by Avago under Singapore law and the merger of certain indirect subsidiaries, including Cayman entities, with Broadcom.  As a result, all issued shares in Avago were exchanged for shares in a newly formed Singaporean company named Broadcom Limited ("Holdco") and Broadcom stockholders elected to receive cash, shares in Holdco or limited partnership interests in a newly formed Cayman Islands partnership. 

A consortium of banks provided over US$15 billion in secured financing to Avago for the acquisition. 

The transaction is the largest semiconductor acquisition in history and the combined company forms the third-largest US semiconductor maker by revenue after Intel Corp. and Qualcomm Inc. 

Alasdair Robertson, Global Managing Partner at Maples and Calder, commented:  "This high-profile transaction exhibits and further deepens Maples and Calder's unrivalled experience in the technology sector.  We are very pleased to have been able to assist our long-standing client, Avago, with this important transaction." 

Maples and Calder's Cayman Islands team on the corporate restructuring side comprised partner Alasdair Robertson, counsel Nicola Bashforth and associate Amanda Lazier, and on the secured financing side partner Tina Meigh and associate Lucy Sleep.

CONTACTS

bioImage

Alasdair Robertson

Partner

+1 345 814 5345

bioImage

Tina Meigh

Partner

+1 345 814 5242

bioImage

Nicola Bashforth

Partner

+1 345 814 5213

bioImage

Lucy Sleep

Associate

+1 345 814 5185

bioImage

Amanda Lazier

Associate

+1 345 814 5570

*
*
*
*


Please note that your email may be received and read by other Maples Group employees in addition to your intended recipient.

The use of this form does not create an attorney-client relationship and information submitted will not necessarily be treated as privileged or confidential, nor will it prevent us from accepting related instructions on behalf of others. Do not send us any information regarding any current or potential legal matters until your proposed engagement of us as legal counsel has been agreed and confirmed by us in writing.

*
*
*

Please note that your email may be received and read by other Maples Group employees in addition to your intended recipient.

Related

Announcements

COVID-19: What is Maples Group doing?

 The Maples Group has comprehensive, jurisdictionally specific, pandemic plans in place. This is a summary of the preventative measures that we are taking.

Read more

20 Mar 2020

Announcements

Maples Group Luxembourg Expands to New Location

The Maples Group is pleased to announce that due to the remarkable growth of its business in Luxembourg, it has relocated its offices.

Read more

12 Mar 2020

Announcements

Maples Group Announces Strategic Appointments at Six Offices

New Partners and Of Counsel are appointed across the Group's international offices.

Read more

05 Mar 2020

Announcements

Maples Group Ranked as Top Funds Legal Adviser for 7th Year Running

Maples and Calder, the Maples Group's law firm, is pleased to retain its position as the number one legal adviser to Irish-serviced funds for the seventh consecutive year by the Monterey Insight Ireland Fund Report 2019.

Read more

24 Feb 2020

Announcements

Maples Group Hong Kong Offices Relocate

 All of the Maples Group's Hong Kong teams will now be located at Central Plaza in Wanchai's north business district in Hong Kong. 

Read more

21 Feb 2020

Announcements

Maples Group Number 1 Listing Agent on Cayman Islands Stock Exchange

Maples and Calder, the Maples Group's law firm, is pleased to announce that it has retained its position as the number one listing agent on the Cayman Islands Stock Exchange (the "CSX") having advised on 47% of all CSX’s listings in 2019.

Read more

12 Feb 2020

Connect

Want to get in touch ?

Contact Us