BDA Partners is pleased to announce that On Semiconductor Corp (\u201consemi\u201d, Nasdaq: ON) has agreed to sell its wafer manufacturing facility in Niigata, Japan to investment vehicles managed by Mercuria Holdings Co Ltd, Sangyo Sosei Advisory Inc, and Fukuoka Capital Partners Co Ltd. <\/p>\n\n\n\n
The transaction is expected to close as soon as regulatory approvals are received and closing conditions are met.<\/p>\n\n\n\n
Careful consideration was given to the selection of the buyer because the foundry is responsible for supplying analog and power semiconductors, which are indispensable for various industries, including automotive. This transaction establishes Japan\u2019s first independent specialty semiconductor foundry.<\/p>\n\n\n\n
BDA Partners was the exclusive financial advisor, and Morrison Foerster was the legal advisor, to onsemi on the transaction.<\/p>\n\n\n\n
Jeff Acton, Head of Technology and Co-Head of Tokyo, BDA Partners, said: \u201cWe\u2019re proud to have helped onsemi achieve its stated objective, to divest this asset to a strong buyer group. The prognosis for this important Japanese facility is highly promising.\u201d <\/p>\n\n\n\n
Euan Rellie, Managing Partner, BDA Partners, added: \u201consemi is an important client for BDA, as it drives disruptive innovations to help build a better and more sustainable future. BDA has a good record of helping multinational industrial leaders to reposition their assets in Asia. This transaction is a win for all parties.\u201d<\/p>\n","protected":false},"featured_media":13108,"template":"","class_list":["post-13103","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n