JSA advised L&T Semiconductor Technologies Limited, a subsidiary of Larsen & Toubro Limited in its 100% acquisition of Siliconch Systems Private Limited ("Siliconch").
Siliconch is a fabless semiconductor design company which develops System-on-Chip IP and has 30 granted patents across geographies.
The acquisition cost consisted of an upfront amount of INR 133 crore paid at closing, subject to customary closing adjustments; and a deferred amount of INR 50 crore payable over four years, subject to closing adjustments and achievement of certain targets and other conditions.
K&S Partners advised on Indian intellectual property related issues and Hamre, Schumann, Mueller & Larson advised on US patents related issues.
Deal value: ~USD 21.8 million/ INR 183 crore
Our Transaction Team Comprised Partners – Venkatesh Raman Prasad and Ronak Ajmera, Principal Associates – Ankita Jain and Sweta Singh, Senior Associate – Jatin Talwar and Associate – Udit Rao and Nishka Tyagi.
Our Competition Team Comprised Partners – Vaibhav Choukse and Ela Bali, Senior Associate – Aditi Khanna.
Our team which assisted on signing/ closing processes comprised Partners – Gerald Manoharan and Sonakshi Das, and Senior Associate – Prerana Damaraju.