Simpson Thacher is representing Foxconn Interconnect Technology Limited (FIT) in connection with its announced agreement to acquire Belkin International, Inc. for approximately $866 million in cash. Belkin International is the parent organization to the Belkin, Linksys, Wemo and Phyn brands.
FIT, a subsidiary of Hon Hai Precision Industry Co., Ltd., trading as FIT Hon Teng Limited, focuses on the development, manufacturing and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables and modules for applications in computers, communication equipment, consumer electronics, automobiles and industrial, and green energy field products.
The Simpson Thacher team includes Kirsten Jensen, Michael Reeves, Jackie Kerin, Sherry Shen and Laura Berzins (M&A); Chris Lin, Celia Lam, Venus Lo and Jun Feng (Corporate); Peter Thomas, Ellen Frye, Kelly Karapetyan, William Kearney, David Shogren and Alexandra Saper (Antitrust); Tristan Brown and Alexander Ellebracht (Executive Compensation and Employee Benefits); Marcela Robledo and Cecillia Xie (Intellectual Property); Jacqueline Clinton (Tax); and Timothy Mulvihill (Environmental).