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SUNCORPORATION advised on $US110m shares issuance

Global firm Baker McKenzie has advised Japan-based mobile data solutions and game content company SUNCORPORATION on its Israeli subsidiary’s issuance of $US110 million preferred shares to an Israel-based venture capital.

July 03, 2019 • By Jerome Doraisamy
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Source: sun-denshi.co.jp/eng/company/information/

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Firm: Baker McKenzie (SUNCORPORATION)

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Deal: Bakers advised SUNCORPORATION on its Israeli subsidiary’s issuance of $US110 million preferred shares to Israel Growth Partners Capital (IGP), an Israel-based venture capital company, and on the establishment of a strategic partnership with IGP.

 
 

Value: $US110 million

Area: Corporate, M&A

Key players: The Bakers team was led by partner Yutaka Kimura, who was assisted by Seiji Tomimoto, Masahiro Inaba and Yutaro Nagahashi.

Deal significance: SUNCORPORATION’s Israel-based subsidiary, Cellebrite Mobile Synchronization Ltd, will receive a growth investment of $US110 million from IGP, and Cellebrite will issue preferred shares to IGP Saferworld, Limited Partnership.

Mr Kimura commented: “I am very pleased to have been able to leverage our unparalleled global network to help complete a sophisticated transaction by a leading mobile data solutions-related company.

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“As globalisation continues to rapidly progress, we will continue to do our best to help improve the global competitiveness of Japanese companies.”

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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