New York, We are a global leader of end-to-end device lifecycle management solutions. This is M&A deal 391 that ChannelE2E has covered so far in 2020. The company operates in approximately 50 countries. The Miami-based subsidiary of SoftBank Group Corp. … The Vision Fund is a $100 Billion fund established in 2016 and has invested in companies such as Uber, with its stake in Nvidia acquired in 2017 when the … “BCP brings a knowledge of Brightstar and the industry that will allow us to accelerate our strategy of growing device protection, warranty, trade-in, and supply chain solutions. NEW DELHI: US-based Brightstar Corporation, a wireless products and services distribution company, has bought a majority stake in Bharti Group company Beetel Teletech, an enterprise solutions and IT products sales and distribution company. SAN FRANCISCO (August 5, 2010) and TOKYO (August 6, 2010) — Zynga today announced that it has acquired Tokyo-based Unoh, one of Japan's leading social games companies. Enter your email address so we can get in touch. Unoh will be part of the foundation of Zynga Japan's mobile product effort, which will be a joint venture between SOFTBANK Group and Zynga, and accelerate Zynga Japan's entry into the Japanese Social Gaming … 212-430-2500. We work with carrier, retail and enterprise customers in approximately 50 countries, touching every stage of a device’s lifecycle, from when it’s manufactured to the moment it’s time to trade it in and re-market it. Pursuant to the terms of the transaction, BCP will own a 75% stake, on a fully diluted basis, in a newly formed subsidiary of BCP, which will hold all shares of Brightstar’s parent company, Brightstar Global Group Inc. SoftBank will receive cash proceeds and a 25% stake in the newly formed subsidiary. Brightstar simplifies the wireless world, making mobile technology accessible to everyone. An affiliate of SoftBank Group Corp. (“SoftBank”), the Company’s prior owner, will retain a minority stake in the Company. 2018 © Brightstar Capital Partners. Softbank has looked to sell some of its more blue-chip assets in order to increase its cash reserves and balance its books after several failed investments – most notably WeWork. In October 2013, Japanese SoftBank paid $1.26 billion for a 57% stake in Brightstar. Rod Millar is the Chief Executive Officer of Brightstar Corp., a subsidiary of SoftBank Group and a global leader of end-to-end solutions in mobile device lifecycle management. Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. “This is an exciting day for BCP and Brightstar Corp.,” said Andrew Weinberg, BCP Founder and CEO. Brightstar works behind-the-scenes in the mobile industry, assisting mobile operators, device manufacturers and retailers during the entire lifecycle of a smartphone and tablet. Brightstar Corp, the largest global subsidiary of SoftBank Group Corp, is the world’s leading Mobile Services & Technology Solutions Company. Earlier this month it agreed a $40 billion deal to sell UK-based chip designer Arm holdings to Nvidia, although that deal will face regulatory and political hurdles in order to be completed. You will receive a verification email shortly. For BCP: Please deactivate your ad blocker in order to see our subscription offer, PS5 restock update: here's the next likely order date if the schedule holds, Where to buy PS5: all the latest updates as more restock dates rumored, Samsung Galaxy S21 cameras show up in first real world photo leak, Cyberpunk 2077 at 4K max details is a strain for even the Nvidia RTX 3090, Star Trek: Strange New Worlds: release date, cast and what we know, Cyberpunk 2077 shows why DLSS is pretty much mandatory for 4K next-gen gaming. Please refresh the page and try again. No financial terms have been disclosed for the sale to Brightstar Capital Partners (BCP), a private equity firm headed by a former chief operating officer of Brightstar but unrelated to the company, other than that it has been sold for cash and a 25 per cent stake in the new subsidiary. There was a problem. FREMONT, CA: Brightstar Capital Partners (“BCP”), a private equity firm focused on partnering with founders, entrepreneurs, and management teams, announced the completion of the previously announced acquisition of a majority stake in Brightstar Corp., in partnership with its senior management team. “I am incredibly proud of what Brightstar has accomplished over the years and excited for its future. Mobile tech giant Brightstar Corp. has acquired a global seller of new and used devices including smartphones. “The wireless industry is growing and becoming more vital with each passing day, and we are confident our industry experience will help Brightstar continue to provide innovative services and solutions to global customers.”, “We are thrilled to start this next phase for Brightstar along with our partners at BCP,” said Rod Millar, CEO of Brightstar. SoftBank Group Corp. Dukas Linden Public Relations ... Brightstar acquires … New York, NY 10019 Brightstar simplifies the wireless world, making mobile technology accessible to everyone. Newly founded private equity firm Brightstar Capital Partners (BCP) has bought a majority stake in mobile device distributor Brightstar Corp from multinational tech conglomerate SoftBank. It also runs Vision Fund, the world's largest technology-focused venture capital fund, with over $100 billion in capital.. Following the completion of the transaction, SoftBank will retain a minority stake in the Company. Brightstar acquires C&S division of SoftBank BB Brightstar today announced it will acquire the Commerce and Services (C&S) division of Tokyo-based SoftBank BB (SBB), a leading distributor of ICT hardware and software products and mobile accessories in Japan. The company is known for its leadership by founder Masayoshi Son. Brightstar was acquired by Softbank back in 2014, partly to support its mobile operators such as Sprint in the US and eponymous Softbank Corp in its home country. Masayoshi Son, who entered the U.S. wireless market with the Sprint merger, has a "300-year vision" that may include Brightstar. Essentially, the company plays a significant role in powering and delivering the services and support received by consumers and businesses from their operator or manufacturer. Visit our corporate site. SoftBank took a majority stake in the company in 2013, a deal worth $1.26 billion at the time. Brightstar Corp was founded in 1997 by Marcelo Claure, who currently serves as SoftBank’s chief operating officer. Brightstar was acquired by Softbank back in 2014, partly to support its mobile operators such as Sprint in the US and eponymous Softbank Corp in its home country. © Softbank will retain a minority stake in Brightstar, the companies said. brightstar@dplr.com Doug Allen/Zach Kouwe Brightstar entered the Indian market after acquiring a majority stake in Beetel Teletech in 2014. Retains Minority Stake in Brightstar Corp. Brightstar Capital Partners, a private equity firm focused on partnering with founders, entrepreneurs and management teams, announced that it has signed a definitive agreement to acquire a majority stake in Brightstar Corp., in partnership with the Company’s senior management team. Brightstar capital Partners acquires majority stake in the Company that leverages its extensive and. 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