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.
Ela is a partner with JSA’s competition law practice with 10 years of experience. She represents and advises clients across different sectors on enforcement and merger control matters before the Competition Commission of India (CCI), National Company Law Appellate Tribunal (NCLAT), Delhi and Bombay High Court, and the Supreme Court of India (SC).