IFLR1000

Jiangsu Changjiang Electronics Technology S$1 billion acquisition of STATS ChipPAC

19/10/2015
Private acquisition
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S$ 1 billion

Completed

19/10/2015

Overview:

  • Jiangsu Changjiang Electronics Technology has acquired STATS ChipPAC for S$1 billion from Singapore Technologies Semiconductors (STSPL).
  • The voluntary conditional cash offer was made by Deutsche Bank, China International Capital Corporation and DBS Bank and on behalf of JCET-SC.
  • STSPL held a controlling stake in STATS ChipPAC, which operates in the semiconductor packaging and testing industry.
  • Citigroup advised STATS ChipPAC on the transaction.
  • CICC and Deutsche Bank were the financial advisers to the Chinese company. 

Katrin Kostadinova - Data analyst

Jurisdiction:

Singapore

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Singapore

Industry sector:

Technology and telecommunications

Firms:
Allen & Gledhill

Party: STATS ChipPac (Target)

Lawyers: Andrew Lim, Christopher Ong, Glenn David Foo, Hilary Low, Kee Yeng Lee, Kenneth Lim, Mark Quek, Mei Lim, Prawiro Widjaja, Richard Young, Wee Meng Tan

Drew & Napier

Party: Jiangsu Changjiang Electronics Technology (Acquirer, Borrower)

Herbert Smith Freehills Kramer

Party: Jiangsu Changjiang Electronics Technology (Acquirer, Borrower)

JunHe

Party: STATS ChipPac (Target)

Latham & Watkins

Party: STATS ChipPac (Target)

Lee and Li

Party: STATS ChipPac (Target)

Milbank

Party: DBS Bank (Lender)

Lawyers: David Zemans, Jacqueline Chan

WongPartnership

Party: DBS Bank (Lender)

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