HP acquired Samsung Electronics’s printer businessNovember 20, 2017, by - LATIN LAWYER
BMA - Barbosa, Müssnich, Aragão in São Paulo, Carey in Santiago, CMS Cameron McKenna Nabarro Olswang LLP in Rio de Janeiro, CMS Grau in Lima, Gómez-Pinzón Abogados in Bogotá and Pinheiro Neto Advogados in São Paulo have advised the Latin American subsidiaries of information technology company HP on its US$1 billion global purchase of Samsung’s printer business.
The sprawling cross-border deal, which closed on 1 November, involved some 51 jurisdictions. CMS Cameron McKenna Nabarro Olswang LLP’ London office and Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York co-led the global deal for HP.
It is thought Samsung hired Cleary Gottlieb Steen & Hamilton LLP, but this could not be confirmed prior to publishing. Latin Lawyer was unable to identify further Latin American counsel in the deal.
Globally, the deal adds to HP’s intellectual property portfolio, with the IT company gaining more than 6,500 printing patents and over 1,000 researchers and engineer specialists.
Although the tie-up was announced in 2016, it only received approval from China’s Ministry of Commerce last month, enabling the deal to finally close.
Counsel to HP
CMS Cameron McKenna Nabarro Olswang LLP
Partners Chris Watson, Paul Silver, Anthony Fincham, Stuart Blythe, Richard Croker and Olivia Jamison, and associates Adam Beach, Katia Ramo, Nick Kuria, Joe Ladusans, Pranav Yajnik, Valentina Keys and Richard Taylor in London and Partner Ted Rhodes and associates Bianca Velasquez and Carolina Uribe in Rio de Janeiro
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Partners Tarun Stewart and David Klein in New York
BMA - Barbosa, Müssnich, Aragão
Partner Barbara Rosenberg and associates Patricia Avigni, Carolina Ricciardi and Gabriela Dama in São Paulo
Partners Alfonso Silva, Jorge Ugarte and Francisca Corti, counsel Eduardo Martin, and associates Javier Undurraga, Manuel Alcalde, Cristóbal Silva and Carla Karzulovic in Santiago
Partners Juan Carlos Escudero and Maria Delia Oxley, and associates Carlos Calderón, Omar Valle, Eduardo Rojas, Adriana Kihara, Cecilia Vargas, Natalia Almonte and Andrea Pulgar in Lima
Partner Lina Uribe and associates Felipe Mariño and Juan Sebastián Parra in Bogotá
Pinheiro Neto Advogados
Partner José Luiz Homem de Mello and associates Beatriz Seixas, Yuka Ono, Thiago Teno, Rennan Gil Alves Nascimento and Gustavo Gonçalves Ferrer in São Paulo