Dechert has advised EUROPASOLAR S.àr.L (“EUROPASOLAR”), a Luxemburg-domiciled fund composed of international investors from Europe, North America and Asia, on its successful acquisition of certain assets of Rolling Wireless (H.K.) Limited and 100 percent equity in Rolling Wireless (Luxembourg) S.àr.l. (“Rolling Wireless”), a leading supplier of cellular network access devices (NADs) to the automotive industry, from Fibocom Wireless Inc. (“Fibocom”) for US$150 million.
Established on 7 January 2020, Rolling Wireless is a wholly-owned subsidiary of Fibocom with a focus on providing NADs solutions for the systems engineering, automotive, and mobile computing industries.
As of the date of this announcement, all parties have finalized the equity change and asset transfer procedures concerning Rolling Wireless. The transaction is now complete.
Commenting on the acquisition, Yang Wang, M&A Asia partner and managing partner for Beijing, said “We are pleased to advise EUROPASOLAR on this milestone acquisition of Rolling Wireless. Our team's deep understanding of the technology sector, as well as the complex legal and regulatory landscapes in Europe and Greater China enabled us to provide our clients with practical solutions that align with their business objectives. This deal further strengthens Dechert's reputation as a go-to advisor for companies pursuing transformative and cross-border M&A opportunities.”
The Dechert team which advised on the matter was led by corporate partner Yang Wang, with support from Hong Kong associates Dian Wang, Vito Pun and paralegal Huilin Peng. Corporate partner Siew Kam Boon and fund partner Thomas Kim of Dechert’s Singapore office assisted on the offshore deal structure.
Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.
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