Paul Hastings, a leading global law firm, announced today that it is representing Samsung Electronics, a world leader in advanced semiconductor solutions, on its 10.4 billion yen (approximately US$110 million) investment – or 3 percent equity interest – in Sharp Corporation, the Japanese manufacturer of electronics goods and components, including liquid crystal displays. The parties entered into a definitive agreement on March 6, 2013 and expect to close the transaction, which marks the first capital tie-up between the two major consumer electronics makers, after satisfying regulatory procedures.
Paul Hastings has advised Samsung Electronics on a number of high-profile outbound acquisitions over the past few years including its acquisition of UK-listed CSR Plc’s handset connectivity and location development operations and its acquisition of Sweden’s Nanoradio AB, a developer of ultra low power Wireless LAN chipsets.
The Paul Hastings team is being led by Seoul partner Daniel Sae-Chin Kim and Tokyo partner Hajime Kanagawa, with support from of counsel Woojae Kim and associate Kota Kikuchi.
