Freshfields is advising Keysight Technologies, Inc. in the proposed sale of Spirent Communications plc’s high speed ethernet and network security business lines for $410 million base cash consideration and an additional $15 million contingent cash consideration to be paid at closing.  The divestiture is proposed in connection with Keysight’s proposed all-cash acquisition of Spirent, which we are also advising on, and is conditional on completion of Keysight’s acquisition of Spirent. Learn more about this transaction here.

The Freshfields deal team advising on the divestiture is led by partner Denny Kwon and counsels Olaf Ehlers and Michal Netanyahu and included senior associate Sofia Bernaciak and associates Connor Barrett, Noёl Zamani and Jennifer Baek. Partner Nicole Foster, senior associate Jeffrey Anand and associate Jordan Riley advised on executive compensation and benefits matters; partner Mena Kaplan, senior associate Daniel Spencer and associate Zachary Leonard advised on intellectual property matters; counsel Jeremiah Nelson and associates Casey Hagen and Matt Parsons advised on real estate matters; partner Allison Liff and senior associate Kelsey Avery advised on finance matters; partner Claude Stansbury and associate Joshua Critchlow advised on tax matters; partners Christine Lyon and Brock Dahl and senior associate Christine Chong advised on data privacy matters; partner Stephanie Brown Cripps and associates Keian Razipour and Victoria Abut advised on sanctions matters; partner Kate Cooper, senior associate Martha Davis and associate Alexander Potts advised on UK law matters; partner May Smith and senior associate Benjamin Crompton advised on UK tax matters and partner Jérôme Philippe and associate Narimane Sadoune advised on French antitrust matters.