Davis Polk advised ARM Holdings plc in connection with its acquisition of substantially all of the assets of Carbon Design Systems, Inc. The financial terms of the transaction were not disclosed.

Based in Cambridge, England, ARM designs scalable, energy efficient-processors and related technologies that lie at the heart of advanced digital products, from wireless, networking and consumer entertainment solutions to imaging, automotive, security and storage devices. ARM’s technology enables the creation of new markets and transformation of industries and society. Carbon Design Systems is a supplier of accurate virtual prototype solutions and is based in Boston, Massachusetts.

The Davis Polk corporate team included partner Kirtee Kapoor and associates Jeffrey C. Lau, Rohit M. Malhotra and Jahnavi Pendharkar. Partner Rachel D. Kleinberg and associate Peter Benesch provided tax advice. Partner Pritesh P. Shah and associate Fiona Finlay-Hunt provided intellectual property and technology advice. Counsel Cynthia Akard provided executive compensation advice. Partner Arthur J. Burke provided antitrust and competition advice. Members of the Davis Polk team are based in the Northern California and New York offices.