Kirkland & Ellis has advised Bain Capital and its portfolio company, Fidji Luxco, on the approximately $1.275 billion sale of electric connector maker FCI Asia to U.S. tech firm Amphenol Corp, which turned to Latham & Watkins for advice.
The transaction, which recently received antitrust clearance from China’s Ministry of Commerce, was financed through a combination of cash and debt.
Singapore-based FCI produces electronic connectors for a variety of markets, including wireless communications, industrial, datacom and telecommunications. Headquartered in Connecticut, Amphenol runs production, sales and development facilities across the globe and makes electrical, electronic and fiber optic connectors as well as antennas, coaxial and high-speed specialty cable, interconnect systems and sensors.
K&E London corporate partners David Patrick Eich and Justin Hutchinson, and Hong Kong partner Pierre Arsenault advised Bain Capital on the sale.
Latham’s corporate deal team was head by U.S. partners Charles Ruck and Jennifer Perkins, Paris partner Alexander Benedetti and Frankfurt partner Gregor Philipp Klenk. Other partners also provided support, with Michael Egge and Jason Cruise in charge of antitrust issues, Bradd Williamson and Stefan Lunk handling benefits and labour, Les Carnegie and Sarah Nappi supervising regulatory concerns and David Shapiro managing real estate matters.
