Press Release

Kirkland Advises Softbank in Participation in $700 Million Growth Equity Round for REEF

Kirkland & Ellis advised SoftBank Vision Fund on its participation in a $700 million growth investment in REEF. The funding was led by Mubadala Investment Company’s financial investment arm, Mubadala Capital, and also included participation from funds managed by Oaktree Capital Management, L.P., UBS Asset Management and Target Global. In addition to using the growth capital to continue expanding its real estate network of 4,500+ parking lots and build upon its technology stack, REEF has also launched a pilot initiative to allocate $10,000 marketing grants and dedicated support up to 100 local, minority, and women-owned restaurants to grow their business on REEF’s Neighborhood Kitchens platform.

Read the REEF press release

The Kirkland team was led by corporate partners Travis Nelson, Rodin Hai-Jew and Eva Mak.