A cross-office team of MoFo attorneys has acted as lead counsel to longtime MoFo client SoftBank Group Corp. in its c.£24 billion ($31.4 billion) acquisition of UK-based multinational semiconductor and software design company ARM Holdings plc, making it the largest outbound acquisition from Japan and the largest ever cash investment from Asia into the UK. The transaction is also the biggest public M&A deal to have closed in the UK this year, having been the first large-scale M&A deal to be announced post-Brexit vote.
The offer was publicly announced on July 18, 2016 and the transaction officially completed on September 5, 2016. The MoFo team was led by Ken Siegel, managing partner of the firm’s Tokyo office, and Graeme Sloan, head of corporate in London and a global chair of M&A.
The London members of the team included corporate partners Vlad Maly, Andrew Boyd and Gary Brown, tax partner Trevor James and finance partner Phil Slater.
The team also included Tokyo partners Ivan Smallwood, Noah Carr, Leo Aguilar and James Robinson (all corporate) and finance partner Dale Caldwell.
Antitrust advice was provided by partners Jeff Jaeckel in Washington, D.C. and Rony Gerrits and Tom McQuail in Brussels. Regulatory advice was given by partners Jessie Liu in Washington, D.C., Kevin Roberts in London and Andreas Gruenwald in Berlin.