NXP Semiconductors’ €2.75 Billion sale of their standard products business

Hogan Lovells has advised listed Dutch NXP Semiconductors N.V. on the sale of their standard products division to Chinese investors Beijing Jianguang Asset Management Co., Ltd (“JAC Capital”) and Wise Road Capital LTD (“Wise Road Capital”).

The transaction also includes the sale of a chip factory and its property in Hamburg. The purchase price amounts to USD 2.75 Billion.

The transaction was structured as a share-deal with a preceding carve-out: the standard product business was separated and became legally autonomous in a new subgroup under the business name Nexperia; all shares of the companies belonging to Nexperia subgroup holding company were transferred to an SPV of the buyers Jianguang, which is hold by the Chinese state, and Wise Road, a global private equity fund.

The sold division includes fields like diodes, transistors, power semiconductors and their components, which are for example used in automobiles, computers and consumer electronics. The German part of the standard product business account for a significant amount of the total turnover: With 11,000 employees worldwide the standard product division generated a total turnover of USD 1.2 Billion in 2015.

Hogan Lovells has advised NXP Semiconductors N. V. with a team including Andreas H. Meyer (Picture), Sebastian Pläster, Frank Hahn, Kjell Jacobsen (M&A), Norbert Heier (Real Estate), Ingmar Dörr, Falk Loose (Tax) and Christian Tinnefeld (IP&IT).

Involved fees earner: Andreas Meyer – Hogan Lovells; Sebastian Pläster – Hogan Lovells; Frank Hahn – Hogan Lovells; Kjell Jacobsen – Hogan Lovells; Norbert Heier – Hogan Lovells; Ingmar Dorr – Hogan Lovells; Falk Loose – Hogan Lovells; Christian Tinnefeld – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: NXP Semiconductors N.V.;