Fangda Partners recently advised TCL’s business units on the cross-border, multijurisdictional restructuring of Maxeon Solar Technologies, Ltd. (“Maxeon Solar”).
The restructuring involved compliance and regulatory assessments across more than 30 jurisdictions worldwide and encompassed acquisitions and divestitures. The transaction posed significant challenges, including navigating divergent legal and regulatory requirements across jurisdictions, coordinating multiple stakeholders, and working under a tight timeline.
Founded in 2020, Maxeon Solarwas spun off from the module manufacturing business of renowned U.S. solar brand SunPower. The Maxeon Solar restructuring is intended to support TCL in integrating Maxeon Solar’s sales and marketing resources across major global markets and in further optimizing Maxeon Solar’s global new energy industry layout.
Fangda acted as lead counsel and provided comprehensive legal support throughout the transaction, including the transaction structuring, transaction document drafting and negotiation, antitrust compliance review, cross-border investment access analysis, European anti-subsidy risk assessment, and overall coordination of local counsel resources across multiple jurisdictions. Drawing on our extensive experience in cross-border transactions and efficient execution capabilities, we ensured the smooth progress of the transaction.
The Fangda corporate team was led by partner MA Qiang, supported by counsel HU Haipan and associates Claire LI, Mia WANG, and Rebecca WANG. The antitrust team was led by partners Michael HAN, WANG Jin, and Christoph van OPSTAL, supported by counsels Grainne ZHANG and Joy WONG. Corporate partners CHEN Wei and Susie SHI provided key support to the project.
