Baker advises Sun Corp de-SPAC

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Baker McKenzie advises Sun Corp de-SPAC

Baker McKenzie advised Japanese game publisher and IT equipment maker Sun Corp on listing its Israeli subsidiary, Cellebrite, through a Nasdaq-listed special purpose acquisition company (SPAC), TWC Tech Holdings.

Cellebrite is a digital forensics company that makes data collection, analysis, and management tools. It established a wholly owned subsidiary, Cupcake Merger Sub in the US, and merged it with the tech-focused blank check company formed by True Wind Capital through a de-SPAC process.

The Tokyo team of Baker was led by corporate partner Yutaka Kimura and assisted by tax partner Ryutaro Oka, senior associates Masahiro Inaba, Daniel Burkhart, and Akihiro Kawasaki, and associate Kazuaki Tsukahara.