IFLR1000

Avago Technologies $37 billion acquisition of Broadcom

1/2/2016
Acquisition finance, Private acquisition
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$ 37 billion

Completed

1/2/2016

Overview:

  • Avago Technologies has acquired Broadcom for $37 billion.
  • This is the largest semiconductor acquisition in history.
  • Broadcom produces radios for cellphones and other consumer devices and chips used in networking equipment for the data center. 
  • The merger forms a diversified leader in wired and wireless communication.
  • Merrill Lynch Pierce Fenner & Smith, Credit Suisse Securities (USA), Deutsche Bank, Barclays Bank and Citigroup Global Markets acted as lead arrangers for the deal's debt financing. 

Katrin Kostadinova - Data analyst

Jurisdiction:

United States

Deal types:

Acquisition finance
Private acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:
Allen & Gledhill

Party: Avago Technologies (Acquirer)

Lawyers: Christopher Koh, Michelle Fum

Latham & Watkins

Party: Avago Technologies (Acquirer)

Morrison & Foerster

Party: Dr. Henry T. Nicholas III (Shareholder)

Shook Lin & Bok

Party: Bank of America (Lender)

Lawyers: Eu Jin Pok, Kai Zee Liew

Simpson Thacher & Bartlett

Party: Merrill Lynch Pierce Fenner & Smith (Lead arranger)

Party: Credit Suisse Securities (Lead arranger)

Party: Deutsche Bank (Lead arranger)

Party: Barclays (Lead arranger)

Party: Citigroup Global Markets (Lead arranger)

Lawyer: Alexandra Kaplan

Skadden Arps Slate Meagher & Flom

Party: Broadcom (Target)

Lawyer: Kenton J King

WongPartnership

Party: Broadcom (Target)

Lawyers: Fi Ling Quak, Wai King Ng

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