Walkers advises Lumentum on $750 Million Acquisition of Cloud Light

Nov 10, 2023

A man in a business suit signing a legal contract.

We are pleased to announce that we have acted as BVI legal counsel to NASDAQ listed Lumentum Holdings in relation to its acquisition of Cloud Light Technology Limited (Cloud Light) for US$750 million (subject to certain adjustments) by way of a BVI statutory merger on Tuesday 7th October 2023.

The transaction was unanimously approved by the boards of directors of both companies and by Cloud Light’s shareholders and Lumentum financed the transaction through cash from its balance sheet and the assumption and substitution of outstanding unvested Cloud Light options.

The Walkers BVI based team of Omonike Robinson-Pickering , Matthew Cowman, Alex Drysdale and Lauren Williamson were instructed by US counsel Wilson Sonsini Goodrich & Rosati.

Corporate, Mergers & Acquisitions

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