Rakuten Group, in partnership with Macquarie Asset Management, plans to raise between JPY 150 billion to 300 billion by selling and leasing back a portion of its mobile network assets to a group of global infrastructure investors.
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Growth-Focused Financial Stability
Macquarie Asset Management and British Columbia Investment Management Corporation will lead this effort through the Macquarie Asia-Pacific Infrastructure Fund 3.
This arrangement allows Rakuten Mobile to raise funds through a sale and leaseback transaction while still managing and operating its mobile network assets.
The final amount and other details will be announced by Rakuten Group soon.
Rakuten Group is focused on a financial strategy that balances growth-oriented investments with long-term financial stability.
The group is working on managing its balance sheet by reducing total debt and managing debt maturity actively. By securing long-term funding from global infrastructure investors, Rakuten Mobile can meet immediate funding needs, diversify financing methods, expand their investor base, and strengthen their financial foundation.
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Mickey (Hiroshi) Mikitani, Chairman and CEO of Rakuten Group, is excited about the partnership with Macquarie Asset Management and believes fully in the entity’s vision for the future.
Verena Lim, Co-Head of Asia-Pacific Macquarie Asset Management Infrastructure and CEO of Macquarie Group in Asia, emphasized the opportunities in Japan's digital economy and the partnership with Rakuten Mobile to support its growth.
Lim expounded, “Benefiting from Japan’s commitment to revitalize its digital economy and accelerate the pace of digital transformation, we are excited about the significant opportunities in this sector and partnering with Rakuten Group.”
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