Tokyo (LAWFUEL) – DLA Piper today announced it advised NEC Corporation (NEC) in connection with its acquisition of NetCracker Technology Corporation (NetCracker). The consummation of the transaction, which is subject to customary closing conditions and is expected to occur within the next 60 days, will represent a major overseas expansion move by one of Japan’s largest information technology and electronic companies. The cross-border M&A transaction involved legal counsel across multiple jurisdictions including the US, UK, Russia, Ukraine and Australia where NetCracker has operations.
Lance Miller, Office Managing Partner of DLA Piper’s Tokyo office together with Jonathan Klein, Partner in the New York office, and more than 50 DLA Piper lawyers across 10 offices are involved in this cross-jurisdiction project providing an integrated legal counsel to NEC. UBS acted as NEC’s financial advisor.
″The success of this deal represents DLA Piper’s capabilities in terms of seamless global cooperation among our offices. Our dedicated lawyers across ten offices accomplished a remarkably complex cross-border deal, providing integrated legal counsel to NEC to help them achieve an important business objective for their continued expansion into the important field of communications,″ said Lance Miller.
NEC Corporation, which employs over 150,000 people worldwide, is one of the world’s leading providers of internet, broadband network and enterprise business solutions in the key fields of computer, networking and electronic devices. Through this acquisition, NEC will be in a position to leverage an additional element of software and services to enhance its portfolio of mobile and fixed infrastructure products. The synergy of assets with NetCracker is expected to significantly boost NEC’s offerings, reinforcing its ability to serve businesses which have rapidly evolving IP and service diversification needs.
NetCracker, a specialist in streamlining networks and communications services, is a US-based privately held company providing operational support systems to telecommunications companies. The company will bring know-how of transforming operations supports systems to the new partnership, accelerating NEC’s international software business. Following closure of the transaction, NetCracker will operate as an independent business unit, becoming the centrepiece of NEC’s communications service provider software business.List your legal jobs on the LawFuel Network