Simpson Thacher Represents Blackstone in Japanese Mobile Telecom Company Investment
05.13.10
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Simpson Thacher is representing The Blackstone Group in connection with its investment of ¥16 billion (approximately $170 million) in eMobile Ltd., a leading Japanese mobile data service provider with over 2.4 million subscribers. The investment is expected to close in June 2010. In conjunction with the investment, eMobile is expected to consummate a share-for-share exchange with its publicly-listed affiliate, eAccess Ltd., whereupon Blackstone will become a shareholder in eAccess.
The Simpson Thacher team working on the transaction includes: David Sneider, Andy Hecht and Aya Ogawa (M&A); Jeanne Annarumma (Executive Compensation and Employee Benefits); Gary Mandel and Jenifer Marsh (Tax); and Nentcho Nentchev (Funds).