Some notable recent engagements include representing:
Healthcare/Life Sciences
- Hoffmann La-Roche in its acquisition of Carmot Therapeutics Inc., a clinical-stage biotechnology company dedicated to developing therapeutics for people living with metabolic diseases, for an upfront payment of US$2.7 billion and additional milestone payments of up to US$400 million.
- SanReno Therapeutics, a clinical-stage company specializing in the discovery, development, and commercialization of innovative therapies for kidney diseases, in its acquisition by Novartis, a global medicines company.
- ReCode Therapeutics in its US$50 million extension to its Series B financing, for a total of US$260 million in Series B funding.
- ADARx Pharmaceuticals, Inc., a clinical-stage biotechnology company developing RNA-targeting therapeutics, in:
- its US$200 million Series C financing.
- its US$46 million Series B-1 financing.
- Crown Bioscience in its acquisition of the IndivuServ business unit of Indivumed GmbH.
- Omnicell in its US$225 million acquisition of 340B Link from Pharmaceutical Strategies Group (PSG).
- BaseHealth, Inc. in its acquisition by Genalyte, Inc.
- Vivo Capital in its agreement to invest US$150 million in New Frontier Corporation (NYSE: NFC) (NFC), a special purpose acquisition company, in connection with its initial business combination transaction to acquire United Family Healthcare (UFH).
- Hoffmann-La Roche in its collaboration and option to acquire Versant incubator, Inception 5, an early stage multiple sclerosis development program.
- Medivation (NASDAQ: MDVN) in its acquisition of worldwide rights to the breast cancer treatment, talazoparib, from BioMarin Pharmaceutical (NASDAQ: BMRN) for US$570 million.
- Smith & Nephew plc in its purchase of Blue Belt Holdings, Inc.
Technology
- QUALCOMM Incorporated in its acquisition of Arduino, an Italian-based open-source hardware and software company.
- Vector Capital in its
- acquisition of Showpad, a leader in AI revenue enablement technology with headquarters in Chicago and Ghent, Belgium.
- AU$183 million acquisition of Bigtincan Holdings Limited.
- sale of CollabNet to TPG, its sale of 20-20 Technologies to Golden Gate Capital and its acquisition of Longitude Licensing.
- Shenzhen Longsys Electronics Co., Ltd. in its acquisition of an 81% interest in SMART Modular Technologies do Brasil - Indústria e Comércio de Componentes Ltda.
- ContextLogic in its US$173 million sale of Wish Platform to Qoo10.
- 7GC & Co. Holdings Inc., a publicly traded special purpose acquisition company, in its US$580 million business combination with Banzai International, Inc. (transaction pending).
- Nova Labs, Inc. in its acquisition of FreedomFi Inc.
- Zywave, Inc., backed by Clearlake Capital Group, L.P. and Aurora Capital Partners, in its acquisition of Strategic Insurance Software.
- DigiCert, Inc., backed by Clearlake Capital Group, L.P., TA Associates, and Crosspoint Capital Partners L.P., in its acquisition of DNS Made Easy.
- Clearlake Capital Group, L.P. in its:
- agreement to sell Brightly Software, Inc., a software-as-a-service (SaaS) provider, to Siemens AG for US$1.575 billion of upfront cash consideration, along with US$300 million in cash earn-out payments, for a total of US$1.875 billion.
- acquisition of DigiCert in a joint partnership with TA Associates.
- Ivanti, Inc. in:
- a strategic investment by Charlesbank Capital Partners, LLC.
- its acquisition of Cherwell Software.
- Palo Alto Networks, Inc. in:
- its US$420 million acquisition of CloudGenix Inc.
- its US$1.25 billion acquisition of Expanse, Inc.
- Faraday Future in:
- its proposed US$3.4 billion business combination with Property Solutions Acquisition Corp. (PSAC), a special purpose acquisition company (SPAC).
- an agreement for a new standby equity line of credit with an affiliate of Yorkville Advisors.
- a resolution to its governance dispute with FF Top Holding LLC, resulting in dismissal of the lawsuit against the company and board of directors.
- a financing commitment of US$90 million plus the acceleration of an existing commitment of US$15 million.
- a US$135 million financing agreement.
- Pandora (NYSE: P) in its acquisition of AdsWizz for US$145 million in a cash and stock transaction.
- Angie’s List in its combination with IAC’s HomeAdvisor business, creating a new publicly traded company, ANGI Homeservices Inc., with a combined value of approximately US$5 billion.
- PayPal Inc. in its acquisition of Swift Financial, a leading provider of working capital solutions to small businesses.
- Hewlett Packard Enterprise (NYSE: HPE) in its acquisition of Silicon Graphics International (NASDAQ: SGI) for cash consideration of US$275 million, net of cash and debt.
Entertainment, Sports and Media
- The Gersh Agency (the only remaining major talent agency without outside investment) and the Gersh family members, in a strategic partnership with private equity firm Crestview Partners, to support the agency’s next phase of growth.
- Connor Schell of Words + Pictures, and the co-founders and minority equity holders of 44 Blue Productions and Dorsey Pictures, in the formation of The North Road Company, to produce scripted and non-scripted film and TV content across the U.S. and international markets, with debt financing provided by Apollo and equity financing provided by Providence, including the merger of Words + Pictures into North Road, the elevation of Connor Schell to President, and the acquisition of Red Arrow Studios’ U.S. assets including 44 Blue and Dorsey Pictures.
- Connor Schell (longtime chief creative officer at ESPN and driving force behind 30 for 30, O.J.: Made in America, and The Last Dance) in the formation and financing of a joint venture with Chernin Entertainment, to produce high-end unscripted audio-visual content.
- Partners Rian Johnson and Ram Bergman (the team behind Star Wars: The Last Jedi) in launching film and television production company T-Street, and entering into a joint venture and first look arrangement with Valence Media’s MRC Studio to fund T-Street’s operations.
- Dwayne Johnson, Dany Garcia, and certain of their affiliates in various corporate transactions.
Other
- Performance Investment Partners in its acquisition, in partnership with Kingswood Capital Management LLC, of The Vitamin Shoppe from the bankrupt Franchise Group.
- United Airlines Ventures in its joint venture with Tallgrass Energy and Green Plains to develop and commercialize a novel sustainable aviation-fuel technology that uses ethanol as feedstock.
- West Marine (NASDAQ: WMAR) in its sale to Monomoy Capital Partners for a total equity value of US$337 million.
- United Continental Holdings, Inc. in the proxy contest launched by Altimeter Capital Management, LP and PAR Capital Management, Inc.
- Hennessy Capital Acquisition Corp. II, a special purpose acquisition company (SPAC), in its acquisition of Daseke, Inc.
- Con-way Inc. in its sale to XPO Logistics, Inc. for US$3 billion.
