Cadwalader, Wickersham & Taft LLP, a leading international law firm to global corporations and financial institutions, advised Obi Worldphone in connection with the development of its latest smartphone, including support from Generali Group. Global insurance giant, Generali, co-invested in Obi with a venture capital fund consistent with the group’s approach to invest in innovative start-ups.
“We are delighted to have helped Obi Worldphone and its founding investors in a deal that will enable our client to develop state-of-the-art smartphones for emerging market consumers, and to break new ground in terms of embedding financial service offerings in its latest smartphone,” said Paul Dunbar, a partner in the Corporate Group and lead advisor.
Co-founded by former Apple Inc. and Pepsi-Cola Co CEO, John Sculley, the Obi Worldphone line is created in association with Robert Brunner’s Ammunition Group, the design shop that helped create Beats by Dre’s signature headphones. It will be available starting in October in retail stores in some countries and online in others. Initial markets will be those with rapidly growing youth populations in Asia, Africa and the Middle East.
The Cadwalader team included Corporate partner Paul Dunbar; Capital Markets partners Bruce Bloomingdale and Jeremiah Wagner; Corporate associates Alice Brogi and John Hughes; and trainee solicitor Alex Sykopetritis. All members of the Cadwalader team are based in London.
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Jodi Avergun is speaking at this ACI event on January 30 in Washington, DC.