DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Enfinity Global in its Acquisition of 400 MW Solar Projects Owned by Affiliates of Capital Dynamics
January 12, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented Enfinity Global Inc., a US-based leading renewable energy and sustainability services company, and its affiliated companies, in the acquisition of a 400 MW operational utility-scale solar portfolio, marking a milestone in the expansion of the company in the US. The project includes 28 solar projects across three states from certain affiliates of Capital Dynamics, Inc.
McDermott also handled the structuring, negotiation and documentation of a senior secured credit facility with a subsidiary of Enfinity Global as the borrower, Nomura Securities International Inc., as sole lead arranger and bookrunner, Nomura Corporate Funding Americas, Commonwealth Bank of Australia, Zions Bankcorporation and Bayerische Landesbank, New York Branch, as lenders, and Deutsche Bank Trust Company Americas as the administrative agent. The facilities were used to finance a portion of the purchase price of the aforementioned acquisition and other corporate purposes. AB Car Val also provided funding for the transaction.
The McDermott team was led by Edward Zaelke, Lloyd MacNeil, Allison Perlman and Jeronimo Soares de Sousa and included Heather Cooper, Matt Evola, Jacob Hollinger, Neil Levy, Stephanie Lim, Alexandra Scheibe, Rachel Rosen and Kate Williams.
Read Enfinity Global’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 Represents Brit Insurance in its $400 Million Sale of Ambridge Group to Amynta
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Brit Insurance in its $400 Million Sale of Ambridge Group to Amynta
January 12, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented Brit Insurance Holdings Limited, in its sale of Ambridge Group, the managing general underwriter operations of Brit, for $400 million to Amynta Agency Inc., a premier insurance services company with more than $3.5 billion in total managed premiums. The transaction includes the sale of Brit Insurance USA Holdings, Inc. and its subsidiaries as well as Ambridge Europe and its subsidiaries. With this transaction, the businesses will enter into a multi-year agreement for Brit to be a significant capacity partner to Ambridge.
The transaction is expected to close Q2 2023 subject to regulatory approval.
The cross-border deal team was led by Michael Halsband, Christopher Stacker, Smith Alpert and Leigh Solomon and included Eleanor West, John Lutz, Jared Bryant, Kevin Cummings, Sarah Gabbai, Jed Gordon, Andrew Granek, Caitlin Harrington, Gregory Heltzer, Kathy Schumacher, Melis Solaksubasi, Michelle Strowhiro and Erin Turley.
Read Brit’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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McDermott Advised the Founder of Groupe Lacour in Connection with its Entry into Exclusive Negotiations with Carlyle for the Sale of a Majority Stake
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advised the Founder of Groupe Lacour in Connection with its Entry into Exclusive Negotiations with Carlyle for the Sale of a Majority Stake
January 12, 2023
Read time: 2 min
McDermott Will & Emery advised the founder of Groupe Lacour, a French software company in the automotive aftermarket sector, in connection with its entry into exclusive negotiations for the sale of a majority stake in Groupe Lacour to Carlyle.
The McDermott team that advised the Lacour Group comprised :
– Grégoire Andrieux, Managing Partner, Stanislas Offroy and Jean-Baptiste Afchain, associates, on the corporate aspects,
– Côme de Saint-Vincent, counsel, and Fanny Le Pogam, associate, on the tax aspects,
– Abdel Abdellah and Naré Arshakyan, associates, on employment law aspects
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McDermott Advises Shareholders of Lobster, a No-Code Software Solutions Company, on the Sale of a Majority Stake to FSN Capital VI
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Shareholders of Lobster, a No-Code Software Solutions Company, on the Sale of a Majority Stake to FSN Capital VI
January 11, 2023
Read time: 3 min
Düsseldorf, January 11, 2023 – International law firm McDermott Will & Emery advised the shareholders of the Lobster Group on the sale of a majority stake to FSN Capital VI in the form of a structured auction process. The transaction includes a re-investment of the former majority shareholders in the Lobster group and is subject to approval from relevant authorities. The closing is expected in the first quarter of 2023.
Founded in 2002, Lobster is a leading provider of no-code software solutions for data integration and process automation. Headquartered in the district of Starnberg, Germany, and with local presences in the DACH region, the UK, France, Benelux, and Scandinavia, the company employs over 250 people serving more than 1,500 customers across a broad range of industries, including logistics, retail and manufacturing.
Established in 1999, FSN Capital Partners is a leading Northern European private equity firm and investment advisor to the FSN Capital Funds, with €4 billion under management. FSN Capital Funds make control investments in growth-oriented Northern European companies.
The McDermott team was jointly led by partner Uwe Goetker and counsel Germar Enders and furthermore included partners Norman Wasse, Oliver Hahnelt, counsel Nikolas Koutsós, partners Sebastian Bonk, Thomas Gennert, Christian Krohs, counsel Carina Kant, partners Christian Masch, Renate Prinz, Deniz Tschammler, Nina Siewert, counsel Marcus Fischer as well as associates Benjamin Maciejewski, Robert Feind, Sebastian Gerstner, Matthias Weingut, Markus Cejka, Sebastian Klein, Tjark Pogoda and Max Küttner.
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 and SAGE Work on a National Bill of Rights for LGBTQ+ Older Adults
PRESS RELEASE
SRZ and SAGE Work on a National Bill of Rights for LGBTQ+ Older Adults
January 11, 2023
Read time: 2 min
In June 2022, the Biden Administration issued its first-ever Presidential Executive Order (EO) that includes a focus on LGBTQ+ older adults. The EO directed the U.S. Department of Health and Human Services to publish a long-term care “Bill of Rights for LGBTQI+ Older Adults” and new guidance on nondiscrimination protections for older people in long-term care settings.
To ensure that the EO’s advancements are ultimately enshrined in a law passed by Congress, SRZ worked with our partner SAGE to research the feasibility and components of a national Long-Term Care Bill of Rights. SAGE has begun sharing our concept with contacts on Capitol Hill and at the White House.
Learn more about SAGE here.
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McDermott Advised Innate Pharma on the Expansion of its Collaboration with Sanofi in the Field of Oncology
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advised Innate Pharma on the Expansion of its Collaboration with Sanofi in the Field of Oncology
January 9, 2023
Read time: 2 min
McDermott Will & Emery advised Innate Pharma on the expansion of its collaboration with Sanofi. Sanofi is licensing a natural killer (NK) cell engager program targeting B7H3 from Innate’s ANKETTM (Antibody-based NK Cell Engager Therapeutics) platform. Sanofi will also have the option to add up to two additional ANKETTM targets. Upon candidate selection, Sanofi will be responsible for all development, manufacturing and commercialization.
The McDermott team that advised Innate Pharma comprised:
· Emmanuelle Trombe, partner, Katya Ascher, Counsel, and Caroline Noyrez, associate, on Life Sciences aspects
· Frédéric Pradelles, partner, on Competition aspects
· Côme de Saint Vincent, Counsel, on tax aspects
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McDermott Advised Former Frichti Shareholders and Founders in Getir’s Acquisition of Gorillas
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advised Former Frichti Shareholders and Founders in Getir’s Acquisition of Gorillas
January 6, 2023
Read time: 3 min
McDermott Will & Emery has advised some shareholders of Gorillas in the recent acquisition of the German start-up by Turkish unicorn, Getir.
Alven, Felix Capital, Eurazeo and the founders of Frichti – Julia Bijaoui and Quentin Vacher – former shareholders of Frichti who became shareholders of Gorillas following the merger of the two groups at the beginning of 2022, continue the adventure of consolidation of quick commerce by becoming shareholders of Getir, now the largest European player.
This acquisition reaffirms Getir’s long-term commitment and dedication to the sector, especially in enabling better service to its customers.
The McDermott team that advised the former shareholders and founders of Frichti/Gorillas included Grégoire Andrieux, Managing Partner, and Maxime Fradet, Counsel, on the corporate aspects of the transaction.
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McDermott Represents S&S Activewear in its Sale of Ouray Sportswear to L2 Brands
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents S&S Activewear in its Sale of Ouray Sportswear to L2 Brands
January 5, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented S&S Activewear, the leading distributor of apparel and accessories in the United States and Canada, in its sale of Ouray Sportswear, a supplier for quality apparel and headwear to destination, collegiate, golf and corporate channels, to L2 Brands, a leading designer, manufacturer and marketer of custom apparel and headwear.
The transaction closed on December 30, 2022 and was announced on January 3, 2023.
The McDermott team was led by Ann Marie Brodarick and Jake Townsend and included Nick Greiner, Garrett Moores, Ellie Atkins, Mark Bilut, Jed Gordon, Jennifer Mikulina, Jeffrey Holdvogt, Brian Mead, David Neville, David Saunders and Daniel Zucker.
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 Lovell Minnick Partners and National Auto Care in Sale to APCO Holdings, LLC
PRESS RELEASE
SRZ Advises Lovell Minnick Partners and National Auto Care in Sale to APCO Holdings, LLC
January 5, 2023
Read time: 3 min
Schulte Roth & Zabel LLP advised Lovell Minnick Partners (LMP) and National Auto Care (NAC) in connection with the sale of NAC to APCO Holdings, LLC (APCO), a portfolio company of Ontario Teachers’ Pension Plan.
LMP is a private equity firm focused on investments in financial services, financial technology, and related business services. NAC is a leading distributor and administrator of finance & insurance (F&I) products to auto, powersport and RV dealerships, credit unions and numerous other financial institutions. APCO is a leading provider and administrator of F&I products for the auto industry.
The sale marks the completion of a successful partnership between LMP and NAC that began more than four years ago. During that time, NAC has rapidly expanded its business through a combination of organic growth initiatives and strategic acquisitions. Completing 21 acquisitions since 2020, NAC has diversified into new product lines, geographies and service offerings. The acquisitions were part of NAC’s strategic plan to develop a vertically integrated business model, with administration and direct distribution capabilities that allow it to act as a “one-stop-shop” for its dealership and financial partners.
The Schulte Roth & Zabel team representing LMP and NAC was led by partner Brian Miner, co-chair of the firm’s M&A and Securities Group, and M&A associates Ryan Post, Matt Saathoff, Faith Pang, Nikki Nikova, William Sobel, Rachel DiSciullo and Sarah Winkelstein. The team also included partners Melissa Goldstein (Regulatory), Alex Kim (IP), Ian Levin (Executive Compensation), Joseph Reich (Tax) and Gregory Ruback (Finance); special counsels Adam Gartner (Executive Compensation), Ngoc Pham Hulbig (Antitrust), Ted Keyes (Insurance) and Amiel Mandel (Real Estate); associates Steven Appel (IP), Hannah Hollingsworth (Tax) and Aaron Schwed (Real Estate); and law clerk Jessica Berman (Tax).
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McDermott Represents Argo Blockchain in Two Strategic Transactions with Galaxy Digital Holdings
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Argo Blockchain in Two Strategic Transactions with Galaxy Digital Holdings
January 4, 2023
Read time: 3 min
International law firm McDermott Will & Emery represented Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK), a global leader in cryptocurrency mining, in two strategic transactions: a subsidiary sale of its Helios facility in Dickens County, Texas to Galaxy Digital Holdings, Ltd. (Galaxy), a digital asset and blockchain leader providing institutions, startups and qualified individuals access to the crypto economy, for $65 million and the refinancing of its asset-backed loans with a new, $35 million asset-backed loan from Galaxy.
These transactions reduced Argo’s indebtedness by $41 million, strengthening its balance sheet and liquidity position. Argo will maintain ownership of all mining machines, and Galaxy will host Argo’s fleet of Bitmain S19J Pros at the Helios facility.
The McDermott corporate team was led by Darren Azman, Chuck Gibbs and Jack Langlois and included Evan Belosa, Kevin Brophy, Richard Call, Sarah Engle, Joseph Evans, Alex Farr, Steven Hadjilogiou, Shawn Helms, Jacob Hollinger, Abigail Kagan, Maris Kandestin, Robert Lamkin, Jibin Luke, Heidi Steele, Eric Seitz, Blake Wong, Raja Chatterjee, Ian Sebastian Gall, Jane Gerber, David Giattino, Andrew Granek, Ming Lei, Sarah Nabors, Nick Paul, Shelby Perry, Natalie Rowles, Jennifer Schein, Brandon White, Grayson Williams and Kate Williams. The McDermott finance team was led by Riley Orloff, Darren Yang and Robin Riley.
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.
