News & Events

Simpson Thacher recently represented the underwriters, led by Deutsche Bank Securities Inc., Barclays Capital Inc., Morgan Stanley & Co. Incorporated and Citigroup Global Markets Inc., in connection with a secondary offering of 14,905,000 ordinary shares of Avago Technologies Limited, resulting in aggregate gross proceeds of $304.1 million. All of the shares were offered by existing securityholders of Avago. The selling shareholders included members of Avago’s senior management and its majority shareholder, an entity controlled by investment funds affiliated with Kohlberg Kravis Roberts & Co. and Silver Lake Partners.

Avago is a leading designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products for the wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals target markets. 

The Simpson Thacher team included Bill Hinman, Larissa Schwartz, Michael Sullivan and paralegal Andrew Schneider (Capital Markets); Jeffrey Ostrow (Litigation and Intellectual Property); Keren Siman-Tov (Intellectual Property); Jennifer Klein (Tax); and Andrew Pagliughi (FINRA and Blue Sky).