The Technology M&A and Public M&A teams advised Renesas Electronics Corporation (TSE: 6723) on its definitive agreement to acquire Sequans Communications S.A. (NYSE: SQNS) in an all-cash transaction that values Sequans at approximately $249 million, including net debt.
Renesas is a leading global provider of microcontrollers who brings combined expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions.
Sequans is a leading developer and supplier of cellular IoT connectivity solutions, providing chips and modules for 5G/4G massive and broadband IoT.
The Goodwin team was led by John Haggerty, Jean Lee, William Robert, William Stanton, and Romain Querenet de Breville, and included Malhar Naik, Alex Fisher, Saba Rais, Chris Jones, Oliver Benson, Jia Jia Huang, Marie Fillon, Louis de Chezelles, Kevin Liu, Jinny Kim, Ora Grinberg, Charles-Henri de Gouvion Saint-Cyr, Andrew Lacy, Sarah Jordan, Simone Waterbury, Brady P.P. Cummins, Anuj Ghai, Sophie Entwisle, Richard Matheny, Jacob Osborn, Ce (Charles) Li, Justin Pierce, Edward Holzwanger, Jacqueline Klosek, Gretchen Scott, Genevieve Watt, Rachel Thurbon, Curtis McCluskey, Alex Intile, Joseph Ndep, Deborah Birnbach, PJ McCarthy, Amanda Stephenson, Jordan Benson, and Chi Pan.
For additional details on the acquisition, please read the press release.