Infineon’s €9 Billion Acquisition Of Cypress

Kirkland & Ellis LLP advised Infineon Technologies AG on its acquisition of Cypress Semiconductor Corporation.

Infineon acquired Cypress for US$23.85 per share in cash, corresponding to an enterprise value of €9.0 billion.

Credit Suisse and J.P. Morgan acted as lead financial advisors to Infineon. Bank of America Merrill Lynch also acted as financial advisor. All three banks acted as structuring banks in addition to providing committed financing for the transaction, Bank of America Merrill Lynch in the lead.

Kirkland & Ellis LLP and Freshfields Bruckhaus Deringer LLP acted as legal advisors to Infineon.

Morgan Stanley acted as exclusive financial advisor to Cypress, and Simpson Thacher & Bartlett LLP served as legal counsel.

The Kirkland team was led by transactional partners David Feirstein (Picture) and Sarkis Jebejian and associate Romain Dambre, with Brent Nesbitt, Elvira Li, Adam Mohamed and Brandon Nesfield; tax partners Mike Beinus and Sehj Vather; and executive compensation partner Michael Krasnovsky and associate Julia Onorato.

Involved fees earner: Michael Beinus – Kirkland & Ellis; Romain Dambre – Kirkland & Ellis; David Feirstein – Kirkland & Ellis; Sarkis Jebejian – Kirkland & Ellis; Michael Krasnovsky – Kirkland & Ellis; Elvira Li – Kirkland & Ellis; Adam Mohamed – Kirkland & Ellis; Brent Nesbitt – Kirkland & Ellis; Brandon Nesfield – Kirkland & Ellis; Julia Onorato – Kirkland & Ellis; Sehj Vather – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Infineon;

Author: Ambrogio Visconti