Kirkland advised Brightstar Capital Partners, a private equity firm focused on partnering with founders, entrepreneurs and management teams, on its agreement to acquire a majority stake in Brightstar Corp. ("Brightstar" or the "Company"), in partnership with the Company's senior management team. Brightstar, a subsidiary of SoftBank Group Corp., is the global leader of end-to-end device lifecycle solutions for carriers, retailers, and enterprise, managing mobile devices and accessories across the wireless ecosystem and providing services with a particular emphasis on device protection. Following the completion of the transaction, SoftBank will retain a minority stake in the Company. The transaction is subject to customary closing conditions and is expected to close before the end of SoftBank's fiscal year ending March 31, 2021. Financial terms of the transaction were not disclosed.
The Kirkland team was led by transactional partners Michael Weisser and Andy Fleischman and associates Gregory Knight and Ignatius Nam, debt finance partners Judson Oswald and Omar Raddawi and associates Leonard Prin and Alex Shofe, capital markets partner Tim Cruickshank and associate Zoey Hitzert, tax partners Jared Rusman and Vivek Ratnam, and antitrust partner Matthew Sinclair-Thomson.