DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Inhibikase Therapeutics in $10 Million Registered Direct Offering and Concurrent Private Placements for the Issuance and Sale of Shares of Common Stock and Warrants
February 8, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented Inhibikase Therapeutics, Inc., a clinical-stage pharmaceutical company developing protein kinase inhibitor therapeutics to modify the course of Parkinson’s disease, Parkinson’s-related disorders and other diseases, in its $10 million registered direct offering and concurrent private placements. The registered direct offering was for the issuance and sale of 6,744,187 shares of common stock (or common stock equivalents) at a purchase price of $0.86 per share to an institutional investor.
Inhibikase also closed its concurrent private placement for the issuance and sale of 4,883,721 unregistered common stock equivalents at the same purchase price as in the registered direct offering. In addition, and in connection with the offerings, Inhibikase issued unregistered warrants to purchase up to an aggregate of 11,627,908 shares of common stock. The registered direct offering and the private placements were priced at a premium to market under Nasdaq rules.
The transaction was announced on January 25, 2023 and closed on January 27, 2023.
The McDermott deal team was led by Merrill Kraines and Todd Kornfeld and included Brian Malkin, Kishan Mistry, Mike Blane and Mike Kim.
Read Inhibikase’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 1,400 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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SRZ Represents Hawkins Way and Värde Partners in Hotel Acquisition
PRESS RELEASE
SRZ Represents Hawkins Way and Värde Partners in Hotel Acquisition
February 8, 2023
Read time: 3 min
Schulte Roth & Zabel represented Hawkins Way Capital and Värde Partners in their recently announced $153.4 million acquisition of 525 Lexington Avenue from Deka Immobilien. The Midtown Manhattan property comprises a 655-room, 406,261 square foot tower across 35 stories. A designated landmark building, the 1924-built property previously operated as a Marriott International branded hotel focused on corporate and business travel before closing at the onset of the COVID-19 pandemic.
Hawkins Way Capital is a vertically integrated real estate company focused on value-add and opportunistic investments across various asset classes and geographies. Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. Deka Immobilien is a German real estate investment firm and subsidiary of DekaBank.
The acquisition brings the total capitalization of the joint venture formed by Hawkins Way Capital and Värde Partners to more than $1 billion within its first year with a portfolio of eight value-add and distressed hospitality and housing assets in major U.S. cities.
The Schulte Roth & Zabel team was led by partner Julian Wise and included associate James Koenderman.
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McDermott Represents Solaris Health Holdings in Two Acquisitions
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Solaris Health Holdings in Two Acquisitions
February 6, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented Solaris Health Holdings, a leading national healthcare platform committed to working with its affiliates to enhance access to specialty healthcare and continually improve patient outcomes, in its acquisition of UroPartners, the Midwest’s largest independent urology group, and Lowcountry Urology Clinics, a combination of five clinics servicing patients in South Carolina. The additions of UroPartners and Lowcountry Urology Clinics to Solaris aligns the skills and talents of over 600 providers who annually care for over 850,000 unique patients located in 12 states.
The McDermott deal team who represented UroPartner’s acquisition was led by Joel Rush, Michael Hacker and Joseph Parise and included Nick Alarif, Sarah Bro, Alexander Clavero, Ashley Fischer, Greg Fosheim, Karen Gibbs, Kevin Hall, Sarah Kitchell, Tony Maida, Brian Mead, Caroline Reignley, Alex Ruiz, Chelsea Rutherford, Steven Schnelle, Robert Unger, Allison Wilkerson, Ty Carson, Deepali Doddi, Matthew Chen, Marchan Clark, Josh Cohrs, Daniel Fernandez, Ian Sebastian Gall, Andrew Granek, Jordan Greene, Kyle Hafkey, Liz Hattrup, Abby Higgins, Elaine Kao, Niya Mack, Alison Mackenzie, Marika Miller, Lexi Riccolo, Jon Salm, Danielle Scheer and Jenna Young.
The McDermott deal team who represented Lowcountry Urology Clinics includes Joel Rush, Joseph Parise, Michael Hacker, Sarah Raaii and Allison Wilkerson.
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 Will & Emery advises Orange Investment Managers and Catella Real Estate AG (CREAG) on the acquisition of the P11 Holiday Park Plus “Weg beim Jäger” parking garage in Hamburg, Germany
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Will & Emery advises Orange Investment Managers and Catella Real Estate AG (CREAG) on the acquisition of the P11 Holiday Park Plus “Weg beim Jäger” parking garage in Hamburg, Germany
February 3, 2023
Read time: 2 min
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 Expands Private Equity Practice With Two Partner Additions in Munich
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Expands Private Equity Practice With Two Partner Additions in Munich
February 2, 2023
Read time: 4 min
Munich, February 02, 2023 – McDermott Will & Emery is further expanding its private equity practice in Germany with the addition of Holger H. Ebersberger and Hanno Witt. Holger H. Ebersberger joins McDermott as Co-Head Private Equity Germany and will lead the Private Equity practice together with Michael Cziesla.
Holger H. Ebersberger specializes on M&A transactions as well as public takeovers and has been advising private equity funds and strategic investors for more than 15 years. He advises his clients throughout the entire investment cycle, starting with the acquisition of the company, through the portfolio phase and up to the exit. His expertise includes auction procedures, public takeovers, dual-track procedures, carve-outs and joint ventures. His focus is on transactions in the Digital Business, TMT, Life Sciences & Healthcare.
Hanno Witt also has several years of experience in advising national and international private equity clients and strategic investors in M&A transactions. He advises clients on both the buy-side as well as the sell-side and specializes in cross-border transactions, auction processes, carve-out transactions, joint ventures and management buy-outs. Hanno Witt has a broad sector expertise, including Life Sciences & Healthcare, Industrials, Infrastructure, Consumer Products and Technology.
“With the addition of Holger H. Ebersberger and Hanno Witt, we continue the strategic expansion of our transaction practice in Germany,” said Dr. Jens Ortmanns, Managing Partner of McDermott Will & Emery in Germany. “Holger Ebersberger and Hanno Witt are an excellent fit for us, both professionally and personally.”
“I am proud to see the growth of our Transactions group in Germany with both Holger and Hanno having an excellent footprint in the world of Private Equity. The new hires underline the growth trajectory of the firm and our ambition to be one of the leading law firms in the German market”, said Harris C. Siskind, Global Head of McDermott’s Transactions practice.
Holger H. Ebersberger and Hanno Witt join McDermott on short notice. In the past, the two had already worked together in an international commercial law firm.
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 Advises Datacore On Acquisition Of Cloud Storage Pioneer Objectmatrix
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Datacore On Acquisition Of Cloud Storage Pioneer Objectmatrix
February 2, 2023
Read time: 3 min
McDermott Will & Emery advised DataCore Software Corporation, a data storage business based in Fort Lauderdale, Florida, USA, on its acquisition of ObjectMatrix, a data storage business based in Cardiff, Wales, UK.
Object Matrix’s best-of-breed appliances and cloud offerings will become part of the DataCore Perifery portfolio that specializes in delivering end-to-end, application-centric solutions for edge and high-growth markets, including media and entertainment.
DataCore Software is dedicated to delivering world-class solutions to the most challenging storage problems. For over 15 years, the most demanding media and entertainment organizations have counted on DataCore’s products to preserve and protect their high-resolution content.
Object Matrix is the award-winning software company that pioneered object storage and the modernization of media archives. It exists to enable global collaboration, increase operational efficiencies and empower creativity through the deployment of its on-premises, hybrid and cloud storage platform.
McDermott’s cross-border team was led by partners Brian Gordon (Atlanta) and Arvin Abraham (London) and included Greg Weigand (Miami). Counsels Sarah Gabbai (London) and Gary Howes (London) and associates Jenna Walker (London), Sarah Sarb (Atlanta), Pilar Arzuaga (London), Charlotte Moorhouse (London) as well as trainee solicitors Adam Abbott (London), Laura-May Jones (London) and Michaela Novakova (London).
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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SRZ Advises Portfolio Advisors in Agreement to Combine with FS Investments
PRESS RELEASE
SRZ Advises Portfolio Advisors in Agreement to Combine with FS Investments
February 2, 2023
Read time: 3 min
Schulte Roth & Zabel advised Portfolio Advisors, a global middle-market private asset specialist with more than $38 billion in assets under management, as special regulatory counsel in a definitive agreement to combine with FS Investments, a pioneer in the democratization of alternative investments with more than $35 billion in assets under management.
The combined company will have more than $73 billion in assets under management, including a significant permanent capital base, and a robust distribution platform. Together, Portfolio Advisors and FS Investments will meet increasing investor demand for alternatives with a diversified suite of alternative investment solutions for both institutional and individual investors.
Founded in 1994 to serve institutional investors, Portfolio Advisors offers a variety of innovative investment solutions across private equity, private credit and private real estate. The firm manages a broad range of strategies including direct, secondary, and primary investments and junior and senior credit. Portfolio Advisors also provides institutional clients customized discretionary and non-discretionary portfolio management across its core strategies. Most recently, Portfolio Advisors launched its MVP Private Markets Fund, a registered private equity fund with more than $500 million in assets, which is structured for both wealth management and institutional clients.
The SRZ team was led by partner Marc Elovitz, and included partners Larry Natke and David Nissenbaum; special counsel Shawn McCune; and associate Faith Pang.
SRZ also serves as regular fund counsel to numerous of Portfolio Advisors private investment funds.
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McDermott Adds Depth to Healthcare Practice with Partner Rehire in Washington
PRESS RELEASE
McDermott Adds Depth to Healthcare Practice with Partner Rehire in Washington
January 31, 2023
Read time: 4 min
International law firm McDermott Will & Emery is pleased to announce the return of partner Nicholas (Nick) Alarif to the Healthcare Practice Group in Washington, DC. Previously a partner at the Firm and most recently serving as in-house counsel to the country’s largest nonprofit health system, Nick’s practice primarily focuses on healthcare regulatory matters with an emphasis on fraud and abuse and other healthcare compliance situations.
“Nick rejoins and further strengthens our best-in-class fraud and abuse team, which had a number of powerful additions last year, including Denise Burke and Lester Perling,” said McDermott’s Global Head of Healthcare Jerry Sokol. “We are excited that Nick enjoyed working at McDermott and has chosen us for his return to Big Law. His choice is a testament to the quality of our healthcare practice and the strength of our culture and the bonds we have with each other.”
Nick focuses his practice on healthcare regulatory and fraud and abuse matters, including the physician self-referral or Stark law, False Claims Act, the Federal Anti-Kickback statute and other healthcare compliance matters. He also advises clients on the complex legal and factual issues surrounding Medicare Parts A–D reimbursement and other Centers for Medicare & Medicaid Services payment policies. With his combination of in-house, federal government and law firm experience, Nick provides well-rounded and actionable counsel to healthcare clients, with business objectives and compliance at the forefront.
“I rejoined McDermott for multiple reasons, but at the top of my list are the extraordinary lawyers at the firm. Nowhere else matches the overall legal acumen of the team combined with the extraordinary culture within McDermott,” Nick adds.
Prior to rejoining McDermott, Nick was a system director and senior corporate counsel for one of the country’s largest nonprofit health systems. In addition to his in-house experience, Nick held roles at the Centers for Medicare and Medicaid Services where he focused on Stark Law matters and at the US Department of Health and Human Services Office of Medicare Hearings and Appeals as an Attorney Advisor. He received his BS from the University of Delaware and his JD from American University, Washington College of Law.
Nick is the most recent addition to the Firm’s healthcare practice, following the arrival of Denise and Lester, as well as partners Alya Sulaiman and Heili Kim and counsel Purnima Boominathan.
McDermott is the nation’s leading healthcare law firm and the only healthcare practice to receive top national rankings from U.S. News – Best Lawyers “Best Law Firms,” Chambers USA, The Legal 500 US and Law360. The practice was also recognized by Chambers as “Healthcare Team of the Year” in 2010, 2013, 2017, 2019 and 2022. McDermott has also held the top spot in PitchBook’s League Tables as the most active firm for healthcare private equity since 2017.
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 US Conference of Mayors in Fight to Preserve Local Governments’ Ability to Address Gun Violence in Their Communities
PRESS RELEASE
McDermott Represents US Conference of Mayors in Fight to Preserve Local Governments’ Ability to Address Gun Violence in Their Communities
January 30, 2023
Read time: 4 min
International law firm McDermott Will & Emery, along with lawyers at the Institute for Constitutional Advocacy & Protection at Georgetown University Law Center, filed an amicus brief on behalf of the United States Conference of Mayors (USCM) in National Association for Gun Rights and Susan Goldman v. City of Highland Park, Illinois, in the US District Court for the Northern District of Illinois. The brief supports the city of Highland Park as it works to maintain the legal flexibility necessary to regulate access to assault-style weapons and high-capacity magazines that lead to mass shootings and political violence.
USCM argues in its brief that addressing the increase in mass shootings and political violence requires regulatory flexibility, specifically for local governments, which are impacted uniquely by these events. In New York State Rifle & Pistol Association v. Bruen, the Supreme Court of the United States recognized the need for local governments to be able to innovate to protect their constituents, and the Court preserved flexibility for cities and states to regulate new and dangerous weapons. The brief explains that without this regulatory flexibility, local governments will be paralyzed in the face of a growing epidemic of gun violence.
“The legal issues in this case underscore societal safety issues at play for local governments across the United States—something that directly impacted the city of Highland Park on July 4, 2022,” said Jeffrey Stone, litigation partner and chairman emeritus at McDermott. “We are proud of the significant work put forward on this important issue on behalf of USCM.”
Read the full amicus brief and the USCM’s press release.
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 Advises Pathpoint, Inc. in the $12.5 Million Follow-on Investment from Caffeinated Capital
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Pathpoint, Inc. in the $12.5 Million Follow-on Investment from Caffeinated Capital
January 30, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented Pathpoint, Inc., a provider of digital insurance wholesale brokerage services, in its capital raise of an additional $12.5 million from existing investors, led by Caffeinated Capital. The investment, which will support Pathpoint’s continued build out of its wholesale broking operations, includes the purchase of Pathpoint’s Series A Preferred Stock and a Warrant to purchase Series AA Preferred Stock.
The transaction was announced on January 26, 2023.
The McDermott deal team was led by Michael Halsband and included Mike Byrne, Diego Gómez-Cornejo, Elaine Kao, Josh Cohrs, Joanna Lin and Chloe Curtis.
Read Pathpoint’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 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
