O’Melveny has represented Wi-Fi technology specialist Quantenna Communications on its acquisition by ON Semiconductor Corporation (ON) in an all-cash transaction.
Founded in 2006, San Jose-based Quantenna is the global leader of high performance Wi-Fi solutions. The acquisition consideration represents an equity value of approximately USD1.07 billion and enterprise value of approximately USD936 million. The transaction is expected to close in the second half of 2019.
The O’Melveny team, which was led by partners Warren Lazarow and Andor Terner and counsel Noah Kornblith, included associates John Chong, Bhavreet Gill, Jessica Iwasaki, Carolyn White, Elaine Sun and AJ Talt. Also advising on the deal were partner Robert Fisher (tax), partner Jeff Walbridge and senior counsel Warren Fox (executive compensation), partner Andrew Dolak and counsel Tom Oslovar (intellectual property), and partner Courtney Dyer and counsel Courtney Byrd (antitrust compliance).
