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Matheson Advises the NTMA on SoftBank's Investment in Cubic Telecom

Services: Corporate and Mergers & Acquisitions Date: 07/12/2023

A Matheson team led by Corporate M&A partner Brian McCloskey and Corporate M&A solicitor Dan McAleese is delighted to have advised the National Treasury Management Agency (as controller and manager of the Ireland Strategic Investment Fund) ("ISIF") in connection with the investment by the Japanese telecommunications investment company, SoftBank Corp in Irish connected-vehicle software company, Cubic Telecom, in which ISIF is a shareholder.  Completion of the transaction is subject to customary regulatory approvals.

Brian McCloskey commented:

"We were delighted to have had the opportunity to work with ISIF again and to support them on this significant transaction in the Irish technology sector.  SoftBank's investment in Cubic Telecom highlights the continued attractiveness of Ireland's indigenous technology and software sectors to international investors looking to deploy capital in innovative businesses".  

As Ireland's largest law firm, Matheson LLP has some of the most experienced corporate, tax and finance and capital market lawyers in Ireland.  Excellence matters and Matheson's corporate department has unrivalled experience in advising international private equity clients across all industry sectors, making the firm uniquely positioned to partner with clients to successfully deliver these types of transactions.

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