International law firm Bird & Bird has recently advised power giant, the IXYS Corporation on a $9 million acquisition of UK based Westcode Semiconductors Ltd. The acquisition is key to the expanding business of IXYS which will enable the future development, manufacture and marketing of new products for the power market.
Headquartered in California, the IXYS Corporation services the global power market through its extensive range of semiconductors and modules. Westcode manufactures and sells a portfolio of very high power products which will supplement the existing IXYS product range. Under the new terms of their relationship, Westcode will operate as a wholly owned subsidiary of IXYS.
Bird & Bird advised on all corporate and banking aspects of the acquisition. The deal was led by corporate partner Neil Blundell, with assistance from Angus Thompson. Isabel Evans and Anthony Olsen advised on the banking arrangements. Westcode and 3i were represented by Osborne Clark.
For more information, please contact partner Neil Blundell on +44 (0) 20 7415 6000 or Larry Cattle on +44 (0) 20 7415 6156.