March 18, 2022
Weil advised SoftBank Vision Fund in the $2.1 billion sale of its equity ownership stake in GM Cruise Holdings LLC (Cruise) (a subsidiary of General Motors Company (GM)), a developer of self-driving, all-electric, shared vehicles, to GM, with GM reinvesting in Cruise. The transaction closed on March 18, 2022.
Weil previously advised SoftBank in its initial $900 million investment in Cruise and its commitment to invest an additional $1.35 billion upon Cruise achieving commercial deployment in 2018.
The Weil team that advised SoftBank was led by Private Equity partner Kyle Krpata and included Private Equity associate Adrienne Jackson. The team also included Tax partner Noah Beck; Tax associate Kyle Jackson; Corporate counsel Florian Wessel; and Antitrust partner Vadim Brusser.