Fangda assists Lumentum with its US$918 million acquisition of NeoPhotonics
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Fangda Partners acted as the PRC legal counsel for Lumentum Holdings Inc. (“Lumentum”, NASDAQ Stock Code: LITE) and provided transaction legal service in connection with its acquisition of NeoPhotonics Corporation (“NeoPhotonics”, NYSE Stock Code: NPTN), involving an amount of around US$918 million. The transaction, structured as a reverse triangular merger, was signed and announced on November 4, 2021. The Fangda team on this deal was led by partners Silvia Gong and Shihua Wang, and team members include Duncan Deng, Cynthia Ye, Minhong Cai, Jing Xu, Alaric Zhang. Fangda handled PRC legal due diligence, commented on the transaction documents and advised on legal matters affecting the transaction structure from PRC legal perspective.
Headquartered in the United States, NeoPhotonics Corporation is a NYSE-listed company, and a leading supplier of optical communication devices. This acquisition will accelerate Lumentum’s penetration of the fast-growing opportunity for high-speed optical components for cloud and telecom network infrastructure.
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