2023 M&A Annual Review 33 Morrison Foerster advised longtime client SoftBank Group Corp. on several complex M&A transactions in 2023. Our work included advising SoftBank on two acquisitions of public companies in the robotics space: Berkshire Grey, an American robotic automation company that went public via a SPAC merger in 2021, and Balyo SA, a French designer of robotic navigation solutions for forklifts transporting pallets. We also advised SoftBank on the establishment of GreenBox Systems LLC, a joint venture with Symbotic to automate supply chain networks globally by operating and making accessible Symbotic’s advanced AI and automation technology for the warehouse. Additionally, we represented SoftBank in the sale of its 90.01% equity in Fortress Investment Group to Mubadala Investment Company. We also advised SoftBank subsidiary Arm Holdings plc on its historic $5.22 billion initial public offering, the largest U.S. IPO since 2021.
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