Status:  Clearance

 

Acquirer:  Consortium led by Apex Technology (China)

Acquired:  Lexmark International, Inc. (US, Kentucky)

Value: US$3.9 billion

Industries: Consumer Electronics; Technology Services

 

Server_room_interior_in_datacenterWe have previously posted with regard to an upcoming/new filing between Lexmark International, Inc. (“Lexmark”), a Delaware corporation, and a consortium led by Apex Technology (the “Consortium”)–see prior blog post here.  On September 30, 2016, Lexmark disclosed in an SEC filing that the parties “received clearance from CFIUS to proceed with the proposed transaction” (see Lexmark Form 8-K filing (Sept. 30) here). The SEC filing stated that “CFIUS conducted a statutorily mandated 30-day review, and an additional 45-day investigation, of the transaction. During the review and investigation, Company and the Consortium provided CFIUS extensive information relating to the transaction and their respective businesses and operations. Following the review and investigation, CFIUS found that there are no unresolved national security issues associated with the Consortium’s proposed acquisition of the Company.”

The notice to CFIUS was accepted on July 15 relating to the acquisition of Kentucky-based Lexmark International by a consortium of Chinese buyers led by Apex Technology Co., Ltd. (SHE: 002180) and PAG Asia Capital, according to a disclosure by Apex on the Shenzhen Stock Exchange on July 25.

Lexmark is a global supplier of printing equipment and of networking and enterprise solution software and services (See Lexmark webpage here).  Apex also manufacturers  print consumables, including laser and inkjet cartridges.

Posted August 1, 2016

Status: Upcoming/New Filing

A Notice to the Committee on Foreign Investment in the United States (CFIUS) was accepted on July 15 relating to the proposed acquisition of Kentucky-based Lexmark International by a consortium of Chinese buyers led by Apex Technology Co., Ltd. (SHE: 002180), according to a disclosure by Apex on the Shenzhen Stock Exchange on July 25.   The other two equity investors are Hong Kong based PAG Asia Capital and China based Legend Capital Management.   The Apex filing on July 25 also noted that the parties expect the 30-day review to be followed by the full 45-day investigation period.

Lexmark is a global supplier of printing equipment and of networking and enterprise solution software and services (See Lexmark webpage here).  Apex also manufacturers  print consumables, including laser and inkjet cartridges.