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Latham & Watkins Advises Searchlight Capital Partners on Strategic Investment in Wecom

May 15, 2023
Multidisciplinary team advises global private investment firm in deal with Arizona-based internet service provider.

High-speed fiber broadband service will be expanded to unserved and underserved Arizona communities as part of a new strategic investment announced by Searchlight Capital Partners, L.P. a leading global private investment firm, in Wecom LLC, an established Arizona-based Internet Service Provider. This investment in the local company, with support from a minority investment by Simple Broadband LLC, is expected to benefit hundreds of thousands of households and businesses and create hundreds of new jobs throughout the state.

Latham & Watkins LLP represented Searchlight in the transaction with a corporate deal team led by New York partners David Beller and Edmond Parhami, with associates Marc Klepner and Josh Meyer. Advice was also provided on tax matters by New York partners Matthew Dewitz and Greg Hannibal, with associate Arash Lotfi; on regulatory matters by Washington, D.C. partners Matthew Brill and James Barker, with associate Michael Herman; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum, with associate Courtney Thomson; on labor and employment matters by Chicago partner Nineveh Alkhas, with associate Laura Waller; on financing matters by New York partner Scott Ollivierre, with associate Melissa Doura; on intellectual property matters by Bay Area partner Anthony Klein, with associate Amy Tosi; on data privacy matters by Bay Area partner Robert Blamires, with associates Kiara Vaughn and Priyanka Krishnamurthy; on environmental matters by New York counsel David Langer, with associate Qingyi Pan; on real estate matters by New York counsel Shira Bressler; on government contracts matters by Washington, D.C. partner Dean Baxtresser, with associate Raymond Magsaysay; and on investment funds matters by New York partners Andrea Schwartzman and Oliver Prakash-Jenkins.