On September 27, 2023, BYD announced that they have entered into a definitive agreement with Jabil Inc. to acquire Jabil’s mobile electronics manufacturing business in the APAC region for a cash consideration of US$2.2 billion. The acquired business, which mainly provides manufacturing services for technology giants, will expand the customer and product boundaries of BYD Electronics, broaden the core supply chain of consumer electronics, and significantly improve the customer and product mix of BYD Electronics.
BYD Electronic (International) Company Limited (285.HK) is a global leading platform-based high-end manufacturing enterprise, providing customers with new materials development, product design and development, parts and components as well as complete machine manufacturing, supply chain management, logistics, after-sales and other one-stop services.
Jabil Inc. (NYSE: JBL) is a world-renowned manufacturing solutions provider with approximately 100 factory sites and 250,000 employees worldwide. KWM has advised BYD in all aspects of the transaction, including deal structuring and planning, legal due diligence, regulatory approval analysis, and drafting and negotiation of transaction documents, fully showcasing KWM’s integrated advantage and service capabilities in major cross-border transactions across different jurisdictions and professional fields.
This transaction is led by international partners Ling Huang and Seagull Song, together with a transaction team consisting of corporate international partners Owen Wang, Jason Xu and partner Fu Peng; tax partners Bo Liu and Jun Kang; intellectual property international partner Gordon Gao and partner Mark Fu; compliance partners Susan Ning, Ting Liu, senior counsel Menghao Dai and counsels Ruohan Zhang and Tianjie Zhang; banking and finance partner Shulin Sun and Xueyao Chen; cross-border dispute resolution international partners Jessica Fei and Joanna Du; cross-border regulatory partners Xinyu Liu and Huan Guo; Hong Kong partner Gary Lock and counsel Eugene Lau; Singapore partner Jake Robson and counsel Esther Yee. Other team members include Lan Li, Jiangzhou Fu, Zixiao Yu, Chunyang Zhang, Bingxin Hu, Hazel Zhang, Mo Wang, Hainan Jiang, Xiang Fei, Teng Ma, Sarah Ng, Mengyan Pei, Ying Chen, Quyuan Jin, Rui Gao, Yinglun Zhang and Xiao Ma.
