June 5, 2017
China-based Hytera Communications Corporation Limited has completed its acquisition of UK-based digital radio products manufacturer Sepura Group PLC. The takeover transaction was undertaken as a scheme of arrangement of Sepura in accordance with the UK’s Takeover Code rules. The deal enhances Hytera’s professional mobile radio offerings and adds approximately 700 professionals and staff to its global organization. The transaction is the first acquisition by a Chinese company of a UK-listed company since 2012.
Latham & Watkins advised Hytera with a corporate deal team led by partners Richard Butterwick in London and Cathy Yeung in Hong Kong, with associates Sonica Tolani, Karima Salway and Natasha Hamilton-Foyn in London and Vivian Tse in Hong Kong. Advice was also provided on employee benefits and compensation matters by counsel Sarah Gadd in London; on finance matters by partner Adrian Chiodo, with associates Charles Armstrong and Joyce Lam in London; on tax matters by partner Karl Mah, with associate Jack Prytherch in London; and on competition and regulatory matters by the following lawyers: partner Jonathan Parker, with associates Calum Warren, Sophia Lange and David Zhou in London; partners Sven Völcker and Héctor Armengod, with associates Thorsten Schiffer and Daphne Fernández-Corugedo in Brussels; counsel Jana Dammann de Chapto in Hamburg; and partner Les Carnegie, with associate Lauren Talerman in Washington, D.C.