28 August, 2017
Skadden is advising WeWork Companies, which announced on August 24 an agreement for a US$4.4 billion investment from the SoftBank Group and the SoftBank Vision Fund, which includes a: US$3 billion investment in WeWork’s parent company via a primary investment in new shares and a secondary purchase of existing shares; and US$1.4 billion investment in three newly created companies (previously announced), each controlled and managed by local WeWork management teams, which will fund WeWork’s expansion in China (WeWork China), Japan (WeWork Japan) and Southeast Asia and Korea (WeWork Pacific), respectively. For more information, please see WeWork's press release here.
The Skadden team advising on the US$3 billion investment in WeWork’s parent company includes: M&A partners Graham Robinson (Boston) and Laura Knoll (Boston); Corporate Finance partners Stacy Kanter (New York) and Ryan Dzierniejko (New York); M&A associate Adam King (Boston); Corporate Finance associate Jeremy Winter (New York); Executive Compensation and Benefits partner Regina Olshan (New York); Intellectual Property and Technology partner Bruce Goldner (New York); and Tax partner Moshe Spinowitz (Boston).
The Skadden team advising on the US$1.4 billion investment in the three newly-created companies, each controlled and managed by local WeWork management teams, which will fund WeWork’s expansion in China, Japan and Southeast Asia and Korea includes: Corporate Finance partner Will H. Cai (Hong Kong); Corporate counsel Olivia Odell (Hong Kong) and associate William Zhu (Hong Kong) and international legal consultant Jinmeng (Karen) Song (Hong Kong); Bengoshi partner Mitsuhiro Kamiya (Tokyo); M&A partner Leif King (Palo Alto); Bengoshi counsel Akira Kumaki (Tokyo); Corporate associate Louis Artime (Tokyo); and Bengoshi associate Michihiro Nishi (Tokyo).
