Foxconn Interconnect Technology Limited’s $866 Million Acquisition of Belkin International


Simpson Thacher is representing Foxconn Interconnect Technology Limited (FIT) in connection with its announced agreement to acquire Belkin International, Inc. for approximately $866 million in cash.

Belkin International is the parent organization to the Belkin, Linksys, Wemo and Phyn brands.

FIT, a subsidiary of Hon Hai Precision Industry Co., Ltd., trading as FIT Hon Teng Limited, focuses on the development, manufacturing and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables and modules for applications in computers, communication equipment, consumer electronics, automobiles and industrial, and green energy field products. The company, led by Sung-Ching Lu, Pochin Christopher Lu and

William Ralph Gillespie is based in New Taipei City.

The Simpson Thacher team includes Kirsten Jensen (Picture), Michael Reeves, Jackie Kerin and Laura Berzins (M&A); Chris Lin, Celia Lam, Venus Lo and Jun Feng (Corporate); Peter Thomas, Ellen Frye, Kelly Karapetyan, William Kearney, David Shogren and Alexandra Saper (Antitrust); Tristan Brown and Alexander Ellebracht (Executive Compensation and Employee Benefits); Marcela Robledo and Cecillia Xie (Intellectual Property); Katharine Moir and Jacqueline Clinton (Tax); and Timothy Mulvihill (Environmental).

Involved fees earner: Kirsten Jensen – Simpson Thacher & Bartlett; Michael Reeves – Simpson Thacher & Bartlett; Jacqueline Kerin – Simpson Thacher & Bartlett; Laura Berzins – Simpson Thacher & Bartlett; Chris Lin – Simpson Thacher & Bartlett; Celia Lam – Simpson Thacher & Bartlett; Venus Lo – Simpson Thacher & Bartlett; Jun Feng – Simpson Thacher & Bartlett; Peter Thomas – Simpson Thacher & Bartlett; Ellen Frye – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; William Kearney – Simpson Thacher & Bartlett; David Shogren – Simpson Thacher & Bartlett; Alexandra Saper – Simpson Thacher & Bartlett; Tristan Brown – Simpson Thacher & Bartlett; Alexander Ellebracht – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Cecillia Xie – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Foxconn Interconnect Technology Limited ;

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Author: Michael Patrini