Davis Polk & Wardwell, together with Big Four Japanese law firms Nishimura & Asahi and Mori Hamada & Matsumoto, are advising a Japan Investment Corporation-led consortium on the $4.7 billion acquisition of Shinko Electric Industries, a semiconductor packaging unit of Japanese electronics conglomerate Fujitsu Limited.
The latest billion-dollar tender offer by government-backed fund JIC comes after its acquisition of semiconductor materials maker JSR Corporation for approximately $6.4 billion earlier this year. The state-backed fund then appointed Mori Hamada and Davis Polk as legal advisors while JSR Corp engaged another Big Four Japanese law firm Anderson Mori.
