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DLA Piper, Covington & Burling and Nagashima Ohno & Tsunematsu are advising Japanese automotive chipmaker Renesas on its planned A$9.1 billion ($5.9 billion) acquisition of Australian electronics design firm Altium, which is being represented by King & Wood Mallesons and Reed Smith.

 

The acquisition is set to place Renesas at the forefront of dealmaking and investment in Japan's chip industry at a time when the government is making efforts to improve competitiveness and boost supply chain resilience against geopolitical shocks, Reuters reported.

The DLA Piper team is led by partners David Ryan and James Stewart, while the Covington & Burling team is headed by partners Mark Plotkin, Sam Karson and Brian Kim. Partner Miyuki Ishiguro leads the NO&T team.

The King & Wood Mallesons team is led by partners David Friedlander and Daniel Natale. Michael Lowell, chair of the global regulatory enforcement group at Reed Smith, is leading the team at that firm on the deal.

 

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