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2 April 2006
Cox Hallett Wilkinson (“CHW”) has advised Jabil Circuit, Inc. (“Jabil”), a New York Stock Exchange listed company recognized as a global leader in the electronic manufacturing services industry, in relation to the $185 million acquisition of Celetronix International Ltd. (“Celetronix”), a manufacturer of electronic products based in India.
The CHW team, comprising Ernest Morrison and Jonathan Betts advised on the acquisition, which was made by way of an amalgamation in Bermuda of Jabil’s wholly-owned subsidiary, Jabil Circuit Bermuda Ltd., with Celetronix on 31 March 2006 together with a $25 million loan financing provided by Jabil to Celetronix in March 2005.
Holland & Knight LLP advised Jabil on the US aspects of the acquisition with Perkins Coie LLP (US counsel) and Appleby Spurling Hunter (Bermuda counsel) advising Celetronix.
For further information please contact:
Ernest Morrison on 001 441 294 1503 or email emorrison@chw.com; or
Jonathan Betts on 001 441 294 1544 or email jbetts@chw.com
Notes to Editors:
* CHW is the third largest law firm in Bermuda with a practice covering corporate, litigation, employment, IP, real estate and private client matters.
* With a dedicated corporate team comprising eight corporate attorneys together with support from its other departments, CHW advises clients on the full-range of corporate business, both internationally and in Bermuda.
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