A&O and Slaughters advise as Daetwyler buys Raspberry Pi maker for £792m
Magic circle duo win roles as Swiss electronics company acquires London-listed Premier Farnell
June 14, 2016 at 09:01 AM
2 minute read
Allen & Overy (A&O) and Slaughter and May are acting on the acquisition of Leeds-based electronic components distributor Premier Farnell by Swiss electronics company Daetwyler for £792m.
Premier Farnell is the founder of the popular Raspberry Pi minicomputer. Premier signed a deal with Sony in 2012 to manufacture the credit card-sized device.
The deal is expected to close in the fourth quarter this year.
A&O is advising long-term client Premier with a cross-practice team led by London corporate partners Richard Browne and Annabelle Croker, with support from City corporate partner Seth Jones.
Other A&O partners on the deal include antitrust partner Alasdair Balfour, incentives partner Paul McCarthy, and employment partners Mark Mansell and Inge Vanderreken.
Slaughter and May is understood to be advising Daetwyler.
In the technology space, the magic circle pair also won mandates this year to act on Vodafone and Liberty Global's Netherlands merger, announced in February and expected to close at the end of 2016.
Freshfields and A&O are advising Liberty Global, while Slaughters and Netherlands firm NautaDutilh are acting for Vodafone.
In November last year, A&O won a role advising US computer games company Activision Blizzard alongside Irish firm Mason Hayes on its $5.9bn (£3.8bn) acquisition of King Digital Entertainment, the Dublin-headquartered group behind the popular Candy Crush Saga mobile game.
US firm Fenwick & West and Irish firm William Fry represented King Digital Entertainment.
It was the biggest deal in the video games sector since Microsoft bought Minecraft maker Mojang for $2.5bn (£1.6bn) in 2014.
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