Jorge A. del Calvo

Del Calvo is one of Pillsbury’s top rainmakers. Technology companies rely on his expertise in complex transactions including public offerings, mergers and acquisitions, private placements and joint ventures. He advised InvenSense Inc., an internet-of-things semiconductor supplier, in its $1.3 billion sale to TDK Corp., a Japanese multinational electronics manufacturer, co-leading the team with firm partner Allison Leopold Tilley.

The deal was subject to regulatory approvals, including a review by the Committee on Foreign Investment in the United States, known as CFIUS, which looks into mergers and acquisitions that have a security or defense component.

“One of the challenges with that transaction was it was one of the first semiconductor companies to make it through CFIUS after the election of Donald Trump,” del Calvo said. “One of the questions has been how the change of administration will affect transactions subject to CFIUS.”

“I believe we together with counsel for TDK Corp., the acquirer, made a compelling case that there was no risk involved to American security as a result of the transaction,” he added.

The deal was also subject to Japanese laws and required approval from regulatory bodies there. The deal received all necessary regulatory approvals and closed in May.

Del Calvo was counsel to Applied Micro Circuits Corp., also a semiconductor company, in its $770 million sale to MACOM Technology Solutions Holdings Inc., a supplier and developer of radio, microwave, and millimeter wave semiconductor devices and components.

Inphi Corp. relied on his counsel when it sold its memory interconnect business to Rambus Inc. for $90 million. He also advised Komprise Inc., a software analytics and big data storage developer, in its $12 million Series B Preferred Stock financing.

“Whether it’s a public company or a private company, we help clients build value and that’s satisfying,” del Calvo said. “When we close these transactions, our clients feel a great sense of relief and accomplishment and it’s good to be able to contribute to that.”

— Melanie Brisbon