COVERAGE
October 13, 2022
Read time: 2 min
Our team representing Innovative International Acquisition Corp was led by partner Ari Edelman and also included partners Ranajoy Basu, Nathan Bull, Steven Hadjilogiou, Siddhartha Sivaramakrishnan, Sunyi Snow, counsel Beth Kuhn, and associates Caroline Sandy and Kwabena Yeboah.
DEAL ANNOUNCEMENT / PRESS RELEASE
October 13, 2022
Read time: 3 min
International law firm McDermott Will & Emery represented Innovative International Acquisition Corp. (Innovative) (NASDAQ: IOAC), a publicly traded special purpose acquisition company, in its definitive merger agreement with Zoomcar, the world’s largest emerging market focused car sharing platform. Upon closing, Zoomcar will become a publicly listed company renamed Zoomcar Holdings, Inc. and expects to list its common stock on Nasdaq. The transaction values the combined company at an implied pro forma enterprise value of approximately $456 million at $10.00 per share.
The transaction was announced on October 13, 2022 and is expected to close in the first half of 2023, subject to customary closing conditions.
The McDermott cross-border deal team was led by Ari Edelman and included Ranajoy Basu, Nathan Bull, Steven Hadjilogiou, Siddhartha Sivaramakrishnan, Sunyi Snow, Beth Kuhn, Caroline Sandy and Kwabena Yeboah.
Read Zoomcar’s press release here.
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 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
COVERAGE
October 12, 2022
Read time: 2 min
Daniel Graham, Tara Ward, Scott Ferber, Jessica Sawyer, Robert Duffy and Elizabeth Hummel author an article in Government Contracting Law Report. In this article, it explains a Department of Defense memorandum “reminding” contracting officers that noncompliance with the Defense Federal Acquisition Regulation Supplement clause 252.204-7012, “Safeguarding Covered Defense Information and Cyber Incident Reporting,” may cause a breach of contract.
COVERAGE
October 12, 2022
Read time: 2 min
Jeffrey Maydew is quoted in Law360 sharing how the largest U.S. public companies are concerned about the cost of complying with the tax and costs of future controversy as they are about the tax itself after the Inflation Reduction Act 2022.
COVERAGE
October 12, 2022
Read time: 2 min
Jonathan Levine, Jun Won Kim, and Megan Vallerie join our Transactions practice group in New York.
DEAL ANNOUNCEMENT / PRESS RELEASE
October 12, 2022
Read time: 3 min
McDermott Will & Emery advised HÖR Technologie GmbH on the sale of Pichler & Strobl GmbH to a consortium of bidders including Invest AG, BayBG Bayerische Beteiligungsgesellschaft, Wohlfart Beteiligungs GmbH, CR Management and Investment GmbH.
Pichler & Strobl GmbH, based in Anthering near Salzburg, produces CNC precision parts and assemblies for companies in the semiconductor industry. With around 120 employees, the company specializes primarily in prototypes and small series.
Founded in 1979, HÖR Technologie GmbH develops and manufactures complete gears and technically sophisticated individual parts, such as camshafts, eccentric shafts and gear components. HÖR has locations in Weiden/Oberpfalz, Mitterteich and Neustadt/Weinstrasse and primarily serves customers in the motorsport, motorcycle and automotive sectors.
The team advising HÖR Technologie was led by partner Michael Cziesla, and included partner Heiko Kermer, counsel Christian Marzlin and Marcus Fischer as well as associate Lisa Schickling.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices, industries and more than 20 locations to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
COVERAGE
October 11, 2022
Read time: 2 min
Frank Steinherr, Stephanie McCann and Kathy Shumacher write about best practices during difficult financial climates.
COVERAGE
October 10, 2022
Read time: 2 min
Stephan Kranz and Diann Smith were interviewed by Tax Notes where they speak on how state revenues are unlikely to remain strong for much longer and that taxpayers would be best advised to seek legislative changes in the 2023 session.
COVERAGE
October 10, 2022
Read time: 2 min
London-based finance partner Aymen Mahmoud was quoted in Bloomberg in connection with the current macroeconomic headwinds facing direct lenders and the private industry.
COVERAGE
October 7, 2022
Read time: 2 min
Justin Murphy, Sarah Walters and Ted Diskant author an article in Harvard Law School’s Forum on Corporate Governance. In this article, the authors delve into US Deputy Attorney General, Lisa Monaco’s announcement of several new policies intended to further the aggressive stance the US Department of Justice (DOJ) has taken under the Biden administration to corporate criminal enforcement.
