White & Black’s Tier 1 Corporate Team recently advised on a transaction whereby a consortium of Japanese businesses (“the Japanese Consortium”) led by NTT DOCOMO, Inc. (“NTT DOCOMO”) and Space Compass Corporation (“Space Compass”), together with Mizuho Bank Limited and the Development Bank of Japan Inc., has committed to invest USD$100m in AALTO HAPS Limited (“AALTO”), which manufactures and operates the stratospheric, solar-powered Zephyr High Altitude Platform Station (HAPS). The investment will be made through the Japanese Consortium’s investment vehicle, HAPS JAPAN Corporation.
You can read more here – NTT DOCOMO and Space Compass partners with Airbus on HAPS, committing to a USD$100 million investment in AALTO | News | Space Compass Corporation
Partner Jonathan Williamson led the White and Black team and said: “It was an absolute pleasure to work on a transaction with such forward-thinking and genuinely innovative clients. To have played a part in such a groundbreaking transaction is an honour and is testament to our long-standing relationships with the Japanese legal and business community and the reputation and capability of the Corporate team here at White and Black.“

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