King & Wood Mallesons (KWM) has advised Walden International on the acquisition of Memphis Electronic AG and Memphis Electronic Hongkong Ltd. (Memphis Electronic) from its private owners.
Memphis Electronic is a globally active specialized distributor of memory semiconductor devices. Founded in Germany in 1991, the company mainly serves small and medium-sized customers. With more than 20 lines, Memphis Electronic has a wide product portfolio. In Hongkong, Memphis Electronic also manufactures its own memory modules for use in commercial computers. Memphis will become part of the most comprehensive portfolio of storage products in the world under the newly established holding company Neumonda.
Walden International was founded in Silicon Valley in 1987 and is a leading global investment firm focused on investments in the technology sector. In addition to its headquarters in San Francisco in the USA, Walden International has offices in six other locations in Asia Pacific and Israel. The Walden International's team has a cross-cultural background and extensive experience in the semiconductor industry. The investor and the specialist for memory products aim to continue Memphis Electronic’s global growth story together.
The international KWM team successfully advised Walden International on its investment in Memphis Eletronic as well as on foreign direct investment (FDI) proceedings in Germany. The acquisition agreements had already been signed on 21 and 22 December 2020. On 30 September 2021, following the successful completion of the regulatory proceedings both in Germany and China, the transaction was closed.
Advisors to Walden International
KWM Frankfurt: Dr. Sandra Link, Dr. Tilmann Becker, Dr. Xianrui Wang, Heling Zhang (PSL), Dr. Katrin Thoma, Julian Buhr (PSL) (all Corporate/M&A, Frankfurt); Dr. Johannes Reitzel (Employment, Frankfurt); Rudolf Haas, Mirjam Goß-Kudo, Zuhal Uysal (PSL) (all Finance, Frankfurt)
KWM Hong Kong: Jingjing Jiang, Liwen Wu (both Corporate/M&A, Hong Kong)