Jurisdiction - Hong Kong
Deacons Advises JAC Capital On The Acquisition Of NXP Semiconductors’ Power Amplifier Business.

5 June, 2015


Deacons recently advised JAC Capital, a subsidiary of JIC Capital – a Chinese state-owned investment company, on a USD 1.8bn acquisition of NXP Semiconductors’ power amplifier business. To date, the transaction is one of the largest outbound technology deals of 2015.


NXP Semiconductors’ business is primarily focused on supplying the mobile communications base station market, but has potential future growth applications in the areas of industrial lighting, next generation cooking and automotive electronic ignition systems.


The transaction is subject to review and approval by the US Federal Trade Commission, the European Commission, MOFCOM and other agencies. NXP and JAC Capital expect the sale to close within the second half of 2015, pending required regulatory approval and employee representative consultations.


The transaction involved key intellectual property issues as the transfer of IP and technology alone was worth approximately half of the deal size. Overall, the acquisition represents an important step for JAC Capital in its movement into the semiconductor market.


The Deacons’ team was led by partner Alexander Que and also featured partners Catherine Zheng and Kelvan Cheung. 


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