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Fujian Grand Chip Investment Fund Acquires Germany’s Aixtron for €670 Million

Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it is advising Chinese investor Fujian Grand Chip Investment Fund LP (FGC), through its indirect German subsidiary Grand Chip Investment GmbH (GCI), in a voluntary public takeover offer for German chip maker AIXTRON SE.

The takeover offer will be for all of AIXTRON's outstanding shares, including shares represented by American depository shares ("ADS"), and values the company at approximately €670 million.

The Paul Hastings Hong Kong team is being led by Raymond Li, partner and Chair of Greater China, corporate partners Vivian Lam and Pei Fang in Hong Kong, with support from associates Karen Wong and Jeff Lee.

Partners from the Frankfurt, Washington D.C., New York, Palo Alto, San Diego, Los Angeles, London and Tokyo offices of Paul Hastings were also critical members of the overall effort, including Regina Engelstädter, Karl Balz, Edouard Lange, Scott Flicker, Charles Patrizia, Scott Hataway, Thomas Mounteer, David Shine, Scott Saks, Douglas Flaum, Matthew Berger, Tiffany Lee, Stephen Harris, Suzanne Horne, Ashley Winton, Ronan O'Sullivan, Toshiyuki Arai, with support from counsel Keith Pisani and senior advisor Uwe Halbig, and associates Maximilian Kuhn, Johannes Ruppel, Daniel Liebowitz, Laura Bain, Randall Johnston, Michael Wise, Rachel Harrison, Zachary Zwillinger, Jennifer Cheng, Pia Yu, Ryan Enchelmayer, Laura Yip, M’Alyssa Mecenas, Matthew Poxon and Sachiko Taniguchi.

Our experience in cross-border transactions has enabled us to build an international team skilled in handling strategic issues involved in complex matters, including acting for WH Group (formerly Shuanghui International) on its US$7.1 billion acquisition of Smithfield Foods in 2013, acting for Haitong International on its acquisition of Japaninvest Group PLC in 2014, and acting for Fosun International on several of its outbound transactions including its acquisition of Canada’s Cirque du Soleil in 2015 and acting for COSCO (Hong Kong) Group Limited on its acquisition of majority shares in Piraeus Port in 2016.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.