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.
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.”