Latham Advises BCI on Investment in Rakuten Mobile

Latham & Watkins has advised British Columbia Investment Management Corporation (BCI) as part of a global leading infrastructure investors consortium, led by Macquarie Asset Management, on the raise of ¥150 billion to 300 billion (US$1-2 billion) in funds for the sale and leaseback of a portion of Rakuten Mobile’s mobile network assets.

Through the arrangement, Rakuten Mobile will conduct fundraising in the form of a sale and leaseback transaction and will continue to manage and operate its mobile network assets.

The Latham team was led by Singapore corporate partner Amy Beckingham and counsel Michael Rackham, with Tokyo partners Hiro Kobayashi, Yohei Nakagawa, and associate Takatomo Terasaki, Singapore partner Stacey Wong, counsel Elyn Xing, and associates Elisabeth Su-Li Ong and Bijun Huang, and London partner Sean Finn and associate Abi Jacobs.