DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Urgo Hotels & Resorts in its Sale to HHM
June 8, 2022
Read time: 3 min
International law firm McDermott Will & Emery represented Urgo Hotels & Resorts, an industry leader in hotel management and development for more than four decades, in its definitive agreement with Hersha Hospitality Management (HHM), an award-winning hotel management and investment company, to become a wholly owned subsidiary of HHM. The combined company will operate over 235 hotels in North America.
- The transaction was announced on June 7, 2022; and is expected to close in the third quarter of 2022, subject to customary closing conditions.
- The transaction expands HHM into Canada, enters new US markets, and adds mountain leisure, development and condo-hotel management capabilities to its portfolio.
- Upon closing, the founding members of Urgo will become shareholders of HHM.
- The McDermott team was led by Tom Conaghan with substantial assistance from Christine Kretkowski. Patrick McCurry and Alex Farr provided tax counsel, Jennifer Mikulina provided advice on IP matters, Todd Solomon advised on benefits issues and Heidi Steele advised on insurance matters for Urgo. The DC office led team also included associates Daniel McGuire and Tipanun Bisalbutr.
- Read HHM’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, industries and more than 20 locations 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.
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McDermott Represents Cuisine Solutions in its $250 Million Growth Investment from Bain Capital
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Cuisine Solutions in its $250 Million Growth Investment from Bain Capital
June 7, 2022
Read time: 3 min
International law firm McDermott Will & Emery represented Cuisine Solutions Inc., the global leader and pioneer in sous vide premium foods, in its $250 million investment from Bain Capital, LP, a leading private multi-asset alternative investment firm. With this investment, Cuisine Solutions will gain additional resources to support accelerated product innovation, expand its business domestically and internationally, and increase its global manufacturing footprint beyond the United States, France and Thailand.
- The transaction was announced on June 6, 2022 and is expected to close during the second quarter of 2022, subject to customary closing conditions.
- The cross-border McDermott team was led by Antoine Vergnat and Todd Finger and included Michael Hacker, Heidi Steele, Graciany Miranda, Yuxin Jin, Myia Williams and Marina Leary.
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 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.
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McDermott Maintains Band 1 Healthcare National Ranking from Chambers USA For 13 Consecutive Years, Dubbed “Elite” Firm
AWARDS & RANKINGS / PRESS RELEASE
McDermott Maintains Band 1 Healthcare National Ranking from Chambers USA For 13 Consecutive Years, Dubbed “Elite” Firm
June 7, 2022
Read time: 4 min
International law firm McDermott Will & Emery is pleased to announce its Healthcare Practice Group received a nationwide Band 1 ranking in the 2022 edition of Chambers USA for the 13th year in a row. The Healthcare group also earned state-level healthcare rankings in California, District of Columbia, Florida, Illinois, Massachusetts and New York. Overall, the Firm had 44 Chambers USA recommended nationwide healthcare lawyers, including seven new additions from last year, spanning nine states across the US.
A Chambers referee describes the team as a “highly respected healthcare powerhouse.” Additional client editorial commentary described the practice group as “truly top-notch,” “unparalleled,” “very knowledgeable, responsive and practical,” with “outstanding” and “exceptional client service.”
Of the 44 Chambers USA recommended healthcare lawyers, 13 were ranked in Band 1 including: Stephen Bernstein, Bernadette Broccolo, Charles Buck, John Callahan, Ira Coleman, Gary Scott Davis, Christopher Jedrey, James Owens, Michael Peregrine, Lester J. Perling, Kerrin Slattery, Jerry Sokol and Eric Zimmerman.
McDermott is the nation’s leading health law firm and is the only health practice to receive the ‘Triple Crown’ of recent awards including Chambers USA ‘Healthcare Team of the Year,’ Law360’s ‘Practice Group of the Year’ and US News-Best Lawyers’ ‘Best Law Firms,’ as well as top national rankings from Chambers USA, The Legal 500 US and Law360. McDermott has also held the top spot in PitchBook’s League Tables as the most active firm for healthcare private equity since 2017.
ABOUT CHAMBERS USA
Chambers USA rankings and editorial commentary are based on independent research, and interviews with clients and other purchasers of legal services. Chambers & Partners is one of the premier directories for legal services and in a survey of 20,000 in-house counsel over half reported that their directory of choice when reviewing law firms and individual lawyers is Chambers & Partners.
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.
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CFOs Express ‘Serious Concerns’ About Changes to Foreign Tax Credits In Letter to Yellen
COVERAGE
CFOs Express ‘Serious Concerns’ About Changes to Foreign Tax Credits In Letter to Yellen
June 6, 2022
Read time: 2 min
Partner, Brian Jenn is quoted in the Wall Street Journal and shared his thoughts on the foreign tax credit rules that went into effect earlier this year.
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AG Access Claims, Real Estate Boom, The 200th Episode: The Morning Minute
COVERAGE
AG Access Claims, Real Estate Boom, The 200th Episode: The Morning Minute
June 6, 2022
Read time: 2 min
Partner, Harris Siskind is featured in Law.com’s Morning Minute.
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Embedded Insights with Mike Byrne
COVERAGE
Embedded Insights with Mike Byrne
June 6, 2022
Read time: 2 min
Partners, Michael Byrne and Michael Halsband are featured in Coverager.
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With Real Estate Practices in Demand, Law Firms Look to Partner Hires to Grow Business Further
COVERAGE
With Real Estate Practices in Demand, Law Firms Look to Partner Hires to Grow Business Further
June 3, 2022
Read time: 2 min
Partner, Harris Siskind is quoted in The American Lawyer where he shares statistics about the growing Real Estate space.
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Pfizer Attacks Rival’s Claims Over Vaccine Patent In Del.
COVERAGE
Pfizer Attacks Rival’s Claims Over Vaccine Patent In Del.
June 1, 2022
Read time: 2 min
Partners, Ethan Townsend, William Gaede, Sarah Chapin Columbia, Sarah Fischer and Ian Brooks are featured in Law360.
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Overview of US Construction Loans
COVERAGE
Overview of US Construction Loans
June 1, 2022
Read time: 3 min
Scott Weinberg, Zena Ho and Mal Serure co-authored an article published in Association of Real Estate Securitization Journal (ARES). The article provides a broad introduction of US commercial construction loans and overview of some of key legal implications. Eriko Ozawa and Fuyuki Uchitsu of Mori Hamada Matsumoto contributed to this article.
Construction lending in the US was very active in 2021 and continues to be active through 2022. As real estate financing, laws and requirements on construction are different and closely interrelated by its local real estate legal system and practice in each country, construction lending in the US could be one of the most challenging types of financing transactions to newly venture into. This article provides an overview of key property laws, regulations, due diligence, loan documents and other important considerations to have for construction lending that new Japanese lenders providing US construction lending need to know before getting into the market.
The article is published in Japanese.
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Financing Healthcare Deals: The Many Factors to Consider
COVERAGE
Financing Healthcare Deals: The Many Factors to Consider
June 1, 2022
Read time: 2 min
Partner, Stephanie McCann authors this article in Medical Product Outsourcing where she shares future projections for healthcare sector investments.
