We acted for Dublin-based Blue Ocean Wireless Ltd with respect to the US$10 million equity investment by Japanese mobile company, NTT DoCoMo, Inc. into the company.

Blue Ocean, set up in 2007, is involved in technology which allows mobile communications at sea. The Japanese company's investment values the Dublin firm at US$87m (€62.4m). Claret Capital, the Irish private equity group led
by Mr Dómhnal Slattery, is Blue Ocean's biggest shareholder.

Other investors include Bank of Scotland (Ireland), Altobridge Limited and Smart Communications, which is based in the Philippines.

Emmet Scully, Partner in the Business Department, led the transaction with assistance from Deirdre Kilroy, Head of the Intellectual Property and Technology Unit.

October 2008.