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O’Melveny Represents Analogix in US$500 Million Acquisition Agreement

September 26, 2016

FOR IMMEDIATE RELEASE

SILICON VALLEY, CA — September 26, 2016 — O’Melveny represented Analogix in its definitive merger agreement with Beijing Shanhai Capital Management Co, Ltd. (Shanhai Capital), under which a consortium led by Shanhai Capital will acquire all of the outstanding shares of Analogix for over US$500 million. The transaction is subject to regulatory approvals and is expected to close in late 2016.

The O’Melveny team was led by partners Warren Lazarow, Brian Covotta, Walker Wallace, and Larry Sussman.

About O’Melveny

O’Melveny’s clients shape markets, set precedents, and break boundaries. They are stalwarts and innovators, the names you trust and the next big thing. And for more than a century, O’Melveny has been right beside them, kicking down walls and putting up defenses to help our clients achieve their most important goals. With approximately 700 lawyers in 15 offices worldwide guided by the principles of excellence, leadership, and citizenship, we uphold a tradition of treating our clients’ challenges and opportunities as our own. What do you want to achieve? For the answers, please visit www.omm.com.

Contact:

Julie Fei
O’Melveny & Myers LLP
213.430.7792
jfei@omm.com

The following was released by Analogix:

Shanhai Capital to Acquire Analogix Semiconductor

SANTA CLARA, Calif. & BEIJING--(BUSINESS WIRE)--Analogix Semiconductor, Inc. and Beijing Shanhai Capital Management Co, Ltd. (Shanhai Capital), today jointly announced that they have entered into a definitive merger agreement under which a consortium led by Shanhai Capital will acquire all of the outstanding shares of Analogix for over $500 million. China Integrated Circuit Industry Investment Fund Co., Ltd. (China IC Fund) also joined Shanhai Capital’s fund as one of the limited partners. The transaction is subject to regulatory approvals and is expected to close in late 2016.

Analogix’s high-speed, mixed-signal semiconductor integrated circuits (ICs) for high-performance display applications are used in mobile devices, virtual/augmented reality (VR/AR), and other high-performance electronic products from leading electronics brands including Apple, Samsung, LG, Microsoft, Google, Lenovo, Dell, HP, Asus, and HTC. The company is headquartered in Santa Clara, California, and the majority of its engineering operations are located in Beijing, China. Current investors include leading venture capital firms: DCM Ventures, Globespan Capital Partners, Keytone Ventures, and the Woodside Fund.

“We are very happy to have reached this agreement, which provides significant value to our shareholders,” said Dr. Kewei Yang, Analogix Semiconductor’s chairman and CEO. “The financial support of Shanhai Capital propels our growth while maintaining the direction, organization, and determination to serve our customers. I am especially excited that we all share the same vision of building Analogix into a much broader and more capable global semiconductor leader.”

“We are pleased to establish our relationship with Analogix, a company whose technology leadership is recognized by the world’s leading OEMs, and we look forward to facilitating Analogix’s continued growth,” said Mr. Xianfeng Zhao, Chairman of Beijing Shanhai Capital Management Co, Ltd. “With the added investment, we can leverage the strength of the company’s core technology and business expertise, extend our business into adjacent high-growth markets, and build a world-leading semiconductor company. We expect an IPO in China in the near future.”

About Analogix Semiconductor

Analogix Semiconductor, Inc. designs and manufactures semiconductors for the digital multimedia market, from portable devices such as smartphones to high-end graphics cards and large, high-definition displays. Analogix is the market leader in providing end-to-end interface connectivity semiconductor solutions for DisplayPort, including the SlimPort family of products, and an industry leader in mobile display controllers, such as low-power, high-speed timing controller solutions. The DisplayPort standard is an innovative, packetized digital interface for high-resolution video and audio that was developed by the Video Electronics Standards Association (VESA). SlimPort branded products are compliant with DisplayPort, Mobility DisplayPort (MyDP), and DisplayPort Alternate Mode over the USB Type-C connector.

For more information visit www.analogix.com and www.slimport.com, follow us on Twitter @Analogix and @SlimPortConnect, or connect with us on LinkedIn.

About Beijing Shanhai Capital Management Co, Ltd.

Headquartered in Beijing, China, Shanhai Capital is a pioneer buyout fund in healthcare and technology managing RMB-denominated funds. Its investment professionals have deep industry knowledge and are dedicated to a long-term investment horizon portfolio. By leveraging its resources and expertise, Shanhai Capital brings value-added services and accelerates the growth of its portfolio companies.

Analogix and SlimPort are trademarks or registered trademarks of Analogix Semiconductor, Inc. All other trademarks and trade names are the property of their respective owners.

Contact:

Analogix Media Contact
Gratia Stefan, 408-988-8848
marcom@analogix.com