SMART Global Holdings, Inc. (SGH) (NASDAQ: SGH), a leading designer and developer of high-performance, high-availability enterprise solutions, announced that SK Telecom (SKT) (NYSE: SKM), an affiliate of SK Group, is making a US$200 million preferred equity investment in SGH. SGH plans to use the capital from SKT’s investment to enhance SGH’s capabilities and add to the company’s financial flexibility as SGH further expands the scope and scale of its Penguin Solutions branded end-to-end AI factory offerings. Latham & Watkins LLP represents SGH in the transaction with a corporate deal team led by Bay Area partners Mark Bekheit and Tessa Bernhardt, with associates Shannon Cheng and Caitlin Nguyen. Advice was also provided on capital markets matters by Bay Area partner Richard Kim, with associate Casey Tong; on tax matters by Bay Area partner Grace Lee, with associate Gregory Conyers; on antitrust matters by Bay Area partners Joshua Holian and Kelly Fayne, with associates Hanna Nunez Tse and Ben Bouwman; and on other regulatory matters by Washington, D.C. partners Jim Barker and Dean Baxtresser.~~