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19 February 20242 minute read

DLA Piper advises Renesas Electronics Corporation on AUD9 billion acquisition of Altium

Global law firm DLA Piper is advising Renesas Electronics Corporation on its acquisition of ASX-listed Altium Limited (ASX:ALU).

“This significant cross-border transaction demonstrates ongoing interest in the Australian tech sector and represents a strategic purchase for our client,” said David Ryan, Corporate Partner, DLA Piper.

Renesas is a Japanese semiconductor manufacturer headquartered in Tokyo, Japan. They provide semiconductor solutions that enable billions of connected devices.

Founded in 1985, Altium Limited is an American-Australian multinational software company, headquartered in San Diego, United States.

“The transaction recognises the deep strategic interest in semi-conductor related assets in the current geo-political environment,” David said.  

The deal team was led by David Ryan (Partner, Corporate) and James Stewart (Partner, Corporate), who were assisted by Roger Hawkins (Special Counsel, Corporate), Madison Smith (Senior Associate, Corporate), Rohan Shukla (Senior Associate, Corporate), Abdul Ali (Solicitor, Corporate), Julia Krapeshlis (Solicitor, Corporate), and Lachlan Ferris (Solicitor, Corporate).

Our team globally comprised over 100 lawyers across multiple practice groups. The transaction involved DLA Piper offices across Australia, Canada, China, Germany, Japan, Poland, Singapore, Sweden, The Netherlands, United Arab Emirates, United Kingdom and the United States.

For the 14th consecutive year, DLA Piper was the highest-ranked legal advisor in the world for M&A deal volume, according to Mergermarket's league tables.

“This take-private transaction follows a series of recent tech sector deals,” said James Stewart, Corporate Partner, DLA Piper. 

“We were pleased to advise Renesas Electronics Corporation on this major take-private acquisition. It’s a great example of our capabilities in complex cross-border work,” James said.