Simpson Thacher and Tsar & Tsai advise on Yageo Corp’s $1.8 billion acquisition

Simpson Thacher & Bartlett and Tsar & Tsai Law Firm have advised Taiwanese electronic component manufacturer Yageo Corp on its $1.8 billion acquisition of US rival Kemet Corp, which was counselled by Skadden Arps Slate Meagher & Flom.

Established in 1919 and headquartered in Fort Lauderdale, Florida, Kemet is a leading global supplier of high-end electronic components. Kemet’s main products include tantalum capacitors, ceramic capacitors, magnetic, sensors and actuators, and film and electrolytic capacitors.

Together with Kemet, Yageo will be well positioned as a one-stop provider of passive electronic components, addressing a full range of end-market segments. The combined company will have an enhanced global footprint and be better able to partner with long-standing, blue-chip customers worldwide through a combined 42 manufacturing plants and 14 dedicated R&D centres.

The Simpson Thacher team was led by partners Michael Holick, Justin Lungstrum, Jeannine McSweeney, Jonathan Goldstein, Peter Guryan, Abram Ellis and Lori Lesser.

Partners Richard Grossman, Christopher Barlow, Sal Guerrera, Ivan Schlager, Regina Olshan, Sally Thurston, Kenneth Schwartz, Frederic Depoortere, Audrey Sokoloff and Resa Schlossberg led the Skadden team.