Lovells’ Tokyo arm has scooped the lead advisory role for SoftBank on the Japanese internet service provider’s £9bn purchase of Vodafone’s flagging mobile telecoms business.
Vodafone has rejected proposals by private equity firms Cerberus and Providence and Kohlberg Kravis Roberts, instead deciding to proceed with its advanced negotiations with SoftBank.
Lovells corporate partner Tim Lester is leading the team, which is advising on corporate and financing aspects of the deal on behalf of SoftBank.
Japanese firm Mori Hamada Matsumoto has also been instructed by SoftBank.
Linklaters‘ Tokyo-based corporate partners Casper Lawson and Hidehiro Utsumi are advising long-term client Vodafone on English and local law issues respectively.