Firm: Baker McKenzie (SUNCORPORATION)
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.
“As globalisation continues to rapidly progress, we will continue to do our best to help improve the global competitiveness of Japanese companies.”
Jerome Doraisamy is a senior writer for Lawyers Weekly and Wellness Daily. He is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, an adjunct lecturer at The University of Western Australia and is a board director of Minds Count.