Bird & Bird advises MaxLinear on the acquisition of Intel’s Home Gateway Platform Division
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As a partner in our International HR Services Practice Group, my ambition is to provide pragmatic advice that solves our clients' issues and allows them to achieve their goals. My particular focus is on international technology-strong businesses. In addition to my daily practice I am a member of the German Management Team.
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Germany
As a partner in our corporate team in Düsseldorf I have advised our national and international clients since 2007 on M&A, VC Investments as well as domestic and cross-border reorganisations.
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Bird & Bird LLP advises MaxLinear, Inc., a leading provider of radio frequency (RF), analog and mixed-signal integrated circuits for the connected home, wired and wireless infrastructure, and industrial and multimarket applications, on the acquisition of Intel’s Home Gateway Platform Division assets in an all-cash, asset transaction.
The transaction valued at $150 million was signed on 5 April 2020 and the closing is expected in the third quarter of 2020, subject to customary closing conditions, including regulatory approvals.
Intel’s Home Gateway Platform Division comprises Wi-Fi Access Points, Ethernet, and Home Gateway SoC products deployed across operator and retail markets. The acquisition will enable MaxLinear to complement its existing portfolio, bringing together a complete and scalable platform of connectivity and access solutions for its customers across target end-markets, as well as creating potential new revenue opportunities in adjacent target end-markets.
MaxLinear has been advised by the following international Bird & Bird lawyers: lead partners Dr Catharina Klumpp (Employment) and Dr Stefanie Orttmann (Corporate/M&A), associates Daniel Klare and Jan Medele (both Corporate/M&A), Düsseldorf, associate Dr Kathrin Kruse (Employment), Düsseldorf, partner Sandra Seah (Corporate/M&A), Singapore, Counsel Karolina Stawicka (Employment), associate Izabela Staniszewska-Brzozek (Commercial) both Warsaw and partner Anne-Cecile Hansson (Corporate/M&A), Paris.
The team acted in cooperation with lead advisor Wilson Sonsini Goodrich Rosati as well as with Austrian law firm Torggler.