A&O Shearman advises Advent on merger control and FDI aspects of its successful public tender offer for u-blox

u-blox is a leading provider of positioning and connectivity solutions for the automotive, industrial, and consumer goods markets. The acquisition of control was carried out by a successful public tender offer with more than 98% of the outstanding shares tendered based on the number of shares registered with the Commercial Register of the Canton of Zurich. The offer had a total volume of approximately USD1.3 billion.

A&O Shearman advised on merger and foreign direct investment (FDI) regulations globally and secured all necessary regulatory approvals for the transaction.

The A&O Shearman team was led by partner Dr. Ellen Braun, supported in merger control matters by senior associate Dr. Philipp Steinhaeuser (both Antitrust, Hamburg). FDI advice was led by partner David Weaver (Antitrust, London). The team also included partners Lisa Emanuel (Antitrust, Sydney), Dr. Udo Olgemöller (Public Law, Frankfurt), Gauthier van Thuyne (Public Law, Brussels), Michael Parshall (Corporate/M&A, Sydney), counsel Fee Goossens (Public Law, Brussels), as well as senior associates Dr. Stephan Bühner (Public Law, Frankfurt), Alexander Pirard (Public Law, Brussels), Calvin Koay (Corporate/M&A, Sydney) and associates Nils Najmann (Public Law, Frankfurt), Dr. Cornelius Fischer (Antitrust, Hamburg), Alexander Westin-Hardy, Joey Chong (both Antitrust, London), Maxwell Smith (Corporate/M&A, Sydney) and trainee Adrian Taylor (Antitrust, London).

Advice on M&A and public takeover law was provided by Bär & Karrer, Zurich.