Davis Polk Advises Cornell Capital on Its Investment in Lorom
10/17/2019

Davis Polk advised Cornell Capital in connection with its investment in Lorom Holding Co., Ltd., a leading manufacturing solutions provider focusing on specialized cable manufacturing and assembly. Financial terms of the transaction were not disclosed.

Founded in 1988, Lorom is a leading manufacturing solutions provider focusing on specialized cable manufacturing and assembly. In addition to its core cable technologies, Lorom also offers plastic injection, stamping, die-casting, printed circuit board assembly and tooling processes, and possesses customized component design and manufacturing capabilities. Headquartered in Taipei, Taiwan, Lorom has approximately 6,000 employees across six factories and six sales offices globally. 

Cornell Capital is a private investment firm that takes a value-driven approach to investing. Partnering with strong and entrepreneurial management teams, the firm seeks opportunities in market-leading businesses across the consumer, financial and industrial/business services sectors. The firm currently manages over $3.1 billion of assets and has offices in New York and Hong Kong. The investment in Lorom is Cornell Capital’s first deal in the Asia market leveraging its cross-border capabilities.

The Davis Polk corporate team included partner Miranda So and registered foreign lawyers Xi Shi and Zhiyao Li. Partner Patrick S. Sinclair and registered foreign lawyer Bo Huang provided FCPA advice. The tax team included partner David H. Schnabel and counsel Ethan R. Goldman. Partner Veronica M. Wissel and counsel Charles Shi provided executive compensation advice. Members of the Davis Polk team are based in the Hong Kong and New York offices.