DEAL DETAILS
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Renesas Electronics Corporation | Proposed 100% acquisition of Steradian Semiconductor Private Limited |
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HEADINGS |
DETAILS |
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1.
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Sector |
Semiconductors |
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2.
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Announcement Date |
31-Aug-2022 |
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3.
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Completion Date |
Ongoing |
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4.
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Name of Client |
Renesas Electronics Corporation |
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5.
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Acquirer Details |
Renesas Electronics Corporation | Japan |
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6.
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Target Details |
Steradian Semiconductors Private Limited | India |
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7.
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Deal Description |
Renesas Electronics Corporation, a TSE-listed company and a premier supplier of advanced semiconductor solutions, has entered into a definitive agreement to acquire 100% of Steradian Semiconductors Private Limited, a fabless semiconductor company based in Bengaluru, India, that focuses on 4D Imaging Radars, in an all-cash transaction. |
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8.
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Team Members |
The core team consisted of Zakir Merchant (Partner), Sarthak Sarin (Partner), Eklavya Malvai (Senior Associate), Vishakha Singh (Senior Associate) and Utsav Lohia (Associate) with assistance from the following: Intellectual Property aspects: Nishad Nadkarni (Partner), Janaksinh Jhala (Principal Associate) and Udita Kanwar (Senior Associate); Employment aspects: Deepak Kumar (Partner) and Archika Dudhwewala (Senior Associate) Tax aspects: Vinita Krishnan (Director), Sneh Shah (Principal Associate) and Jimmy Bhatt (Principal Associate) Competition law aspects: Pranjal Prateek (Partner) and Armaan Gupta (Associate) |
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9.
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Role of Firm |
Khaitan & Co assisted and advised Renesas Electronics Corporation on their proposed 100% acquisition of Steradian Semiconductor Private Limited, a 4D Imaging Radars-focused fabless semiconductor company based in Bengaluru, India, as India counsel. |
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10.
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Other legal advisors if any with names of Lead Lawyers |
Morrison & Foerster LLP acted as the global counsel for Renesas Electronics Corporation and was represented by Gary Mitchel Smith (Partner), Rika Saeki (Of Counsel), Adam S. Harris (Associate), Ani Hamparsumyan (Associate), Chantelle S. Southerland (Associate) and Letian Ge (Associate) |
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11.
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Press Coverage |
