Paul Hastings, a leading global law firm, announced today that it has advised the minority shareholders in their sale of the remaining 49% interest in Traxon Technologies (“Traxon”), one of the world’s leading systems and solutions providers in the LED-based industry, for an undisclosed amount to OSRAM, one of the world’s leading lighting manufacturers and a wholly-owned subsidiary of Siemens.
In 2009, Paul Hastings advised Traxon and existing shareholders on its large scale restructuring and the sale of a 51% majority interest to OSRAM. This was a transaction which involved complex legal issues across a number of jurisdictions including China, France, Germany, Hong Kong, Japan, the Netherlands, the U.K. and the U.S.
The Paul Hastings team was led by partner Daniel Kim with support from Woojae Kim.
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