Wilson Sonsini Goodrich & Rosati, Skadden, Arps, Slate, Meagher & Flom, Gibson, Dunn & Crutcher and Cleary Gottlieb Steen & Hamilton are among six law firms advising on the $1.9 billion acquisition of OmniVision Technologies Inc by a consortium of Chinese investors.
The consortium, comprising Hua Capital Management Co, CITIC Capital Holdings and GoldStone Investment Co, will pay $29.75 per share for the company.
OmniVision Technologies Inc, whose customers include Apple Inc, is a maker of chips for smartphone and tablet cameras. The company has a design center and a testing facility in China and generates nearly 80 percent of its revenue from the country.
The Gibson, Dunn & Crutcher team led by Beijing partners Fang Xue, Joseph Barbeau and U.S.-based partners Sean Feller, Shaalu Mehra, Jeffrey Trinklein and Jose Fernandez acted as the lead counsel for the consortium. Zhong Lun Law Firm provided PRC legal advice.
Wilson Sonsini Goodrich & Rosati is acting for OmniVision in the transaction, while Grandall Law Firm is advising that party on PRC law.
A Skadden team led by Beijing based partners Peter Huang and Daniel Dusek, and Washington, D.C. partners Ivan Schlager and William Sweet, is advising GoldStone Investment on the deal. The team is also representing the buyer consortium with regards to Committee on Foreign Investment in the United States (CFIUS) matters.
The deal is expected to close in the third or fourth quarter of fiscal year 2016, and is subject to regulatory approval.
