Morrison & Foerster advises SoftBank on Brightstar acquisition
Morrison & Foerster (MoFo) has represented SoftBank in its acquisition of the remaining outstanding interests in Miami-based wireless distributor Brightstar Corp.
The deal follows MoFo’s representation of SoftBank in its initial USD1.26 billion control investment in Brightstar (closed in January 2014), that gave SoftBank a 57 per cent stake in the company.
Brandon Parris led the deal for SoftBank, with support from Rob Townsend, which included a cross-border, cross-department team of Denver of counsel Erik Knudsen and Denver associate Tyler Sewell, Tokyo partner Hisateru Goda and Tokyo associate Keiko Hayakawa, and Washington DC partners Jeff Jaeckel and Nick Spiliotes and Washington D.C. of counsel Aki Bayz.
Concurrent with SoftBank’s acquisition of the remaining interest in Brightstar, MoFo compensation and benefits, M&A and regulatory teams negotiated Marcelo Claure’s appointment as president and CEO of Sprint Corporation and his separation from Brightstar.
The compensation and benefits team was led by Mike Frank, together with San Diego of counsel Jessica Rice and San Francisco associate Ali Nardali. The M&A team was led by Parris, with support from Townsend, together with Knudsen and Sewell and the regulatory team was led by Washington, DC partner Nick Spiliotes.
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