June 28, 2018
Weil advised SoftBank Vision Fund in its $2.25 billion minority investment in GM Cruise Holdings LLC (Cruise), a developer of self-driving vehicles. When the deal closed, General Motors also invested an additional $1.1 billion into Cruise. The SoftBank Vision Fund now owns a 19.6% equity stake in Cruise.
The Weil team that advised Softbank was led by Private Equity/Mergers & Acquisitions partner Kyle Krpata and included Mergers & Acquisitions partner James Griffin, and Corporate associates Lawrence Lee, Maria Lei and Kymberly Thoumaked; Technology & IP Transactions partner Jeffrey Osterman; Tax partners Noah Beck and Mark Schwed; Antitrust/Competition partners Steven Bernstein and Jeffrey Perry; Cybersecurity, Data Privacy & Information Management Co-Head Randi Singer; Antitrust/Competition counsel Vadim Brusser; Technology & IP Transactions associates Marisa Geiger and Mary Lentowski; Tax associates Steven Ort and Elisabeth Allison (Not Yet Admitted in New York); and Litigation associate Elisabeth Sperle.