Three of them said that Tsinghua Unisplendancy will acquire Linxens from private equity firm CVC, and the agreement will have to wait for regulatory approval, including the approval of the French, German regulators and the company's trade unions. It is expected that governments will not object because this news belongs to Confidential, informed sources did not disclose their identity. In this regard, Tsinghua Unisplendour and Linxens did not respond to comments.
The acquisition was the first overseas acquisition by Tsinghua Unisplendour in two years. Three people said that Tsinghua Unisplenden won 1.5 billion euros (about 1.75 billion US dollars) to the four banks for the bridge loan. The main loan bank, Credit Suisse, still Tsinghua Unisplendour's consultant. Credit Suisse declined to comment.
In 2015, Tsinghua Unisplendour bought US$23 billion for Micron Technology, but was rejected by the US government for security reasons. The intention of Tsinghua Unisplendour to acquire 2.6 billion US dollars in three Taiwan chip companies in 2016 and 2017 was also blocked. This year China is in Europe. It took $45.5 billion to acquire assets, more than doubling year-on-year, while investment in the US fell by 75% to $1.9 billion.
Headquartered near Paris, Linxens has annual revenues of 535 million euros, 3,500 employees, 9 production sites worldwide, and branches in China, Singapore and Thailand. The company produces connectors for smart cards and e-reading. Communication between the devices, as well as antennas and cards for contactless payment, traffic and access control.