SoftBank Group Corp. (TSE:9984) agreed to acquire 40% stake in AutoStore AS from funds affiliated with Thomas H. Lee Partners, L.P. and EQT Private Equity among other shareholders for $2.8 billion on April 5, 2021. THL will continue to be AutoStore’s majority shareholder and THL, SoftBank and EQT will each have representatives on AutoStore’s Board of Directors. The transaction is subject to customary closing conditions and is expected to be completed this month, in April 2021. Andrew Boyd, Simon Arlington and Eric McCrath of Morrison & Foerster (UK) LLP acted as legal advisor to SoftBank Group Corp. (TSE:9984). Ted M. Frankel, Christopher R. Elder, William R. Burke, Robert M. Hayward, Dean S. Shulman, Sehj Vather, Timothy Lowe, Cian O'Connor, Sarah Jordan, Mario Mancuso, Ian John, Jeffrey Ayer and Matthew Sinclair-Thomson of Kirkland & Ellis LLP acted as legal advisors to AutoStore AS. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor to Thomas H. Lee Partners, L.P. SoftBank Group Corp. (TSE:9984) acquired 40% stake in AutoStore AS from funds affiliated with Thomas H. Lee Partners, L.P. and EQT Private Equity among other shareholders in April 2021.