DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents AdTheorent in its Sale to Cadent
April 4, 2024
Read time: 3 min
International law firm McDermott Will & Emery represented AdTheorent Holding Company, Inc. (AdTheorent), a machine-learning pioneer in the digital advertising space, in its sale to Cadent, one of the largest independent solutions providers for converged television (TV) advertising. The combination will create an omnichannel audience activation platform for both buyers and sellers of advertising and provide performance advertising solutions that cater to both digital and traditional TV markets.
AdTheorent is a portfolio company of H.I.G. Growth Partners, LLC (H.I.G.) and McDermott represented AdTheorent in its sale to H.I.G. in 2017. H.I.G. took AdTheorent public via a SPAC in 2021 and still owns 37% of AdTheorent’s common stock today. Under the terms of the merger agreement, AdTheorent’s common stockholders will receive cash consideration of $3.21 per share. The transaction is expected to be completed by the third quarter of 2024 and is subject to customary closing conditions.
The McDermott team was led by Tom Conaghan, David Lipkin and Daniel McGuire.
Read AdTheorent’s announcement.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
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Bain Capital Insurance’s Investment in Emerald Bay Risk Solutions
COVERAGE
Bain Capital Insurance’s Investment in Emerald Bay Risk Solutions
April 3, 2024
Read time: 2 min
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Berkshire Unit Merits Neb. Deduction, State Justices Told
COVERAGE
Berkshire Unit Merits Neb. Deduction, State Justices Told
April 3, 2024
Read time: 2 min
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Green Energy Credit Sales Spur Surge in Tax Insurance
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Green Energy Credit Sales Spur Surge in Tax Insurance
April 3, 2024
Read time: 2 min
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McDermott Represents H.I.G. Capital in its Acquisition of the Spine Business of ZimVie Inc.
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents H.I.G. Capital in its Acquisition of the Spine Business of ZimVie Inc.
April 3, 2024
Read time: 3 min
International law firm McDermott Will & Emery represented H.I.G. Capital, LLC (H.I.G.), a leading global alternative investment firm, in its acquisition and financing of the spine business of ZimVie Inc. (ZimVie), a publicly traded company. The acquired business is now renamed as Highridge Medical. The transaction closed April 1, 2024.
The cross-border McDermott team was led by Harris Siskind, Alex Clavero, Griffin Doty, Taylor Berman and Ryan Forman.
The cross-border McDermott financing team was led by Stephanie McCann and Stephen Pedersen.
McDermott’s private equity (PE) practice is among the top four most active PE law firms globally and in the US with more than 160 dedicated PE lawyers across 21 locations. We have ranked Pitchbook’s Top 5 Healthcare PE firm for six consecutive years and are Top 10 in PE Buyouts and other PE deals. We are also ranked as a Top 10 Global Mid-Market PE Firm by Bloomberg and #7 PE Law firm by The Deal. Learn more about our PE practice by visiting pe.mwe.com.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
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McDermott Represents Champ Titles Inc. in its Series C Financing
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Champ Titles Inc. in its Series C Financing
April 3, 2024
Read time: 3 min
International law firm McDermott Will & Emery has once again represented Champ Titles Inc. (Champ Titles), a leading provider of digital vehicle titles, registrations and lien systems of record in the United States, in its $18 million Series C funding round led by Point72 Ventures, along with existing investors. Through its Digital Title and Registration Suite, Champ Titles partners with state governments motor vehicle departments to streamline their title and registration systems.
The McDermott team was led by Michael Halsband and included Aroma Sharma, Jasmine Alves Nathan Barnett, Todd Solomon, Kate Vera, Alex Ruiz, Frank Caprio, Chloe Curtis, Haley Dow, Marina Leary, Kathy Schumacher and Matthew Moreno.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
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McDermott Represents Geisinger Health in Inaugural Transaction with Risant Health, Kaiser Foundation Hospitals
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Geisinger Health in Inaugural Transaction with Risant Health, Kaiser Foundation Hospitals
April 2, 2024
Read time: 4 min
International law firm McDermott Will & Emery represented Geisinger Health, a $10 billion health provider, health insurer and medical school, in its sale to Risant Health, a nonprofit organization created by Kaiser Foundation Hospitals. The transaction closed on March 31, 2024.
Geisinger Health is the first integrated delivery system to join Risant Health, an organization dedicated to improving the health of millions by increasing access to value-based care. Risant Health will create a new value-based platform that includes best practices, tools, technology and services to support leading community-based health systems.
Dr. Jaewon Ryu, who has served as Geisinger’s president and CEO since 2019, will become the first CEO of Risant Health.
The historic transaction was subject to more than 400 federal and state regulatory approvals. It involved an AI-assisted review of 30,000 contracts in three weeks’ time, the largest and fastest AI review McDermott has managed to date.
Read Geisinger’s announcement.
The McDermott deal team was led by John Callahan, Patrick Martinez, Sumaya Noush, Michael Nowicki, Emily Palmer, Morgan Pollard and George Tzanetakos. Stephen Wu, Nicole Castle, Ty Carson and Reese Poncia worked on the antitrust aspects of the transaction. Sandra DiVarco, Li Wang and Casey Li advised on health regulatory issues. Paul Hughes, Peg Warner and Cathy Ren advised on litigation strategy and California-specific risks. David Wolff and Ben Kryder led the real estate aspects of the transaction.
Invaluable corporate and transactional support was provided by Inès Achour, Reuben Bank, Bradfield Biggers, Michael Blane, Josh Cohrs, Elizabeth Hattrup, Abigail Higgins, Casey Li, Joe Luzadder, Fadi Mohamed, Will Orner, Glen Ready, Cathy Ren and Rebecca Trickey.
The AI team was led by Niraj Patel, with support from Traci Ottenfeld, Deepak Tamasker, Christopher Knorps and David Mangoubi.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
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Leading Tax Controversy Litigator Joins McDermott in Chicago
PRESS RELEASE
Leading Tax Controversy Litigator Joins McDermott in Chicago
April 2, 2024
Read time: 4 min
International law firm McDermott Will & Emery welcomes Susan Ryba to its Tax Practice Group as a partner based in Chicago. A highly sought-after tax controversy litigator, Susan represents high-profile technology, healthcare and pharmaceutical clients at all stages of the federal tax controversy life cycle. She joins from Baker McKenzie, where she served as chair of its Chicago Tax Practice Group.
“Companies and high-net-worth individuals are facing increased scrutiny from the Internal Revenue Service (IRS) and other taxing authorities, prompting complex investigations, audits, administrative appeals and litigation involving a range of tax issues,” said Timothy Shuman, global head of McDermott’s Tax Practice Group. “Best-in-class tax controversy services are an increasingly critical part of a comprehensive tax offering, and Susan’s first chair experience will tremendously benefit clients and the Firm in these times.”
Susan advises clients on a broad range of domestic and international tax issues, including transfer pricing, effectively connected income, Subpart F, Section 965, the IRS economic substance and other related doctrines, worthless stock and debt deductions, withholding tax, foreign tax credits, summons enforcement and penalties.
Some of Susan’s most notable work includes:
- Representing a commonly used media platform in a multibillion-dollar tax dispute, the largest US transfer pricing trial to date
- Providing federal tax controversy defense and tax litigation to several of the largest publicly traded technology companies in the world
- Providing federal tax controversy planning and assessment of privilege issues to a large public pharmaceutical and medical technologies corporation
“McDermott’s reputation, commitment to the growth of its tax practice and expansive group of top talent make it an attractive place for both me and my clients,” said Susan. “McDermott is incredibly collaborative in nature, and I can’t wait to dig in.”
Susan is the most recent addition to McDermott’s federal tax controversy practice, following the fall 2023 arrivals of Shawn O’Brien in Houston and Frank Jackson in New York.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
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McDermott Provides Pro Bono Support to Cybersecurity and Infrastructure Security Agency Initiative
PRESS RELEASE
McDermott Provides Pro Bono Support to Cybersecurity and Infrastructure Security Agency Initiative
April 2, 2024
Read time: 4 min
International law firm McDermott Will & Emery collaborated with the Joint Cyber Defense Collaborative (JCDC) on the High-Risk Communities Protection effort to defend high-risk communities, including civil society organizations, against cyberattacks. With insights from industry, civil society and interagency participants, the Cybersecurity and Infrastructure Security Agency (CISA) and JCDC have launched a new website that aims to improve the coordination and collaboration among federal agencies, state and local governments, private sector entities and nonprofit organizations.
In 2023, McDermott wrote a special report on cyber volunteering to address the state of volunteer cybersecurity activity and models in the US. In the report, the Firm made recommendations for a cyber volunteer strategy, including establishing a national website listing cyber volunteer resources.
Through JCDC’s High-Risk Communities Protection effort, CISA leveraged insights from this report and partnered with cyber volunteer programs, as well as civil society and industry participants, to develop a website that helps high-risk organizations identify cyber volunteer resources.
“We are proud to support CISA’s commitment to enhance the nation’s cybersecurity posture and resilience for these organizations and to foster a culture of cyber awareness and response,” said Mark Schreiber, senior counsel in McDermott’s global privacy and cybersecurity practice. “These resources will help high risk organizations identify and obtain cyber volunteer services to implement cyber assessments and precautions, as well as react to cyberattacks.”
The McDermott team members providing support include Mark Schreiber, Brian Long and Peter Scheyer.
If you’re interested in learning more about the cyber volunteer force, or if you want to get involved as a volunteer or a beneficiary, please visit the JCDC website. CISA also has a website with cybersecurity resources for high-risk communities.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
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Troika Media Can Exit Bankruptcy After Settlement and Lender Sale
COVERAGE
Troika Media Can Exit Bankruptcy After Settlement and Lender Sale
March 29, 2024
Read time: 2 min
