The Public M&A team advised Berkshire Grey, Inc. (Nasdaq: BGRY) in its definitive merger agreement to be acquired by SoftBank Group Corp. and its affiliate. Under the merger agreement, SoftBank will acquire all of the outstanding capital stock of Berkshire Grey not currently owned by SoftBank for $1.40 per share in an all-cash transaction valued at approximately $375 million. SoftBank has been an investor in Berkshire Grey since 2019.
Berkshire Grey helps customers radically change the essential way they do business by delivering game-changing technology that combines AI and robotics to automate fulfillment, supply chain and logistics operations.
SoftBank is a strategic investment holding company with stakes in AI, smart robotics, IoT, telecommunications, internet services and clean energy technology providers.
The Goodwin team was led by Mark Opper, John Haggerty and Kirkie Maswoswe and included Wei Xu, Christopher Versfelt, Jessica Park, Andy Barton, Andre Amorim and Zoe Li (Executive Compensation & Benefits), James Barri (Debt), Kevin Lam, Brittany Fayette and Jinny Kim (Intellectual Property), Paul Jin (Antitrust), Edward Holzwanger and Ana Victoria Alvarado (Labor & Employment), Richard Matheny and Justin Pierce (Global Trade), Robert Kester and Benjamin Gossels (Tax), Caroline Bullerjahn (Litigation), Jacqueline Klosek (Data Privacy) and Folake Ayoola (Capital Markets).
For more details, read the press release.