Newsroom Categories: Press release

  • McDermott advised MBO & Co and Amundi Private Equity Funds on the sale of Groupe Arcado to Groupe Chevrillon

    McDermott advised MBO & Co and Amundi Private Equity Funds on the sale of Groupe Arcado to Groupe Chevrillon

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott advised MBO & Co and Amundi Private Equity Funds on the sale of Groupe Arcado to Groupe Chevrillon

    July 7, 2022

    Read time: 2 min

    Paris, July 7, 2022 – McDermott Will & Emery advised MBO & Co and Amundi Private Equity Funds, on the sale of Arcado, a key player on the speciality cured meats and sausages markets, to Groupe Chevrillon. The management team has reinvested.

    The McDermott team that advised the sellers comprised:

    • Grégoire Andrieux, managing partner, Stanislas Offroy and Alexandre Bomet associates, on the corporate aspects;
    • Côme de Saint-Vincent, counsel, on the tax aspects.
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  • McDermott Advised Fabernovel on its Acquisition by EY Consulting

    PRESS RELEASE

    McDermott Advised Fabernovel on its Acquisition by EY Consulting

    July 6, 2022

    Read time: 2 min

    Paris, July 06, 2022 – McDermott Will & Emery advised the partners of Fabernovel, a leading digital transformation and innovative service creation consultancy, on its acquisition by EY Consulting.

    Their ambition: to become the leader in the convergence of digital and ecological transitions in Europe.

    Through this strategic combination, EY Consulting and Fabernovel are strengthening their respective positions as leaders in strategic transformation and innovation consulting.

    The McDermott team that advised Fabernovel comprised:

    • Fabrice Piollet, Partner, Maxime Fradet, Counsel, and Alexandre Bomet, associate on the corporate aspects of the transaction;
    • Antoine Vergnat, Partner, Romain Desmonts, Counsel, Fanny Le Pogam, tax associate;
    • Stanislas Chenu and Clarisse De Roux, associates, on financing.
    About Us

    Fabrice Piollet

    Partner

    Paris

    Antoine Vergnat

    Partner

    Paris

    Maxime Fradet

    Partner

    Paris

    Romain Desmonts

    Partner

    Paris

    Alexandre Bomet

    Associate

    Paris

    Fanny Le Pogam

    Associate

    Paris

    Stanislas Chenu

    Counsel

    Paris

    Clarisse de Roux

    Associate

    Paris

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  • McDermott Secures Chapter 11 Confirmation for Gulf Coast Health Care, LLC

    McDermott Secures Chapter 11 Confirmation for Gulf Coast Health Care, LLC

    PRESS RELEASE

    McDermott Secures Chapter 11 Confirmation for Gulf Coast Health Care, LLC

    July 6, 2022

    Read time: 4 min

    Washington, DC (July 6, 2022) – International law firm McDermott Will & Emery represented Gulf Coast Health Care, LLC (Gulf Coast) and its affiliates (collectively with Gulf Coast, the Debtors) in its chapter 11 bankruptcy cases, which culminated in confirmation of their chapter 11 plan on June 27, 2022. Acting as Debtors’ counsel in these heavily contested chapter 11 cases pending before the Honorable Judge Karen Owens in the United States Bankruptcy Court for the District of Delaware (the Court), McDermott achieved this significant success for its client, former operators of 28 skilled nursing facilities in the southeastern United States.

    The Debtors filed for chapter 11 on October 14, 2021, with the goal of transferring the operations of all of their skilled nursing facilities to new operators and winding down Gulf Coast’s operations. Shortly following the chapter 11 filing, the Debtors obtained court approval of a management and operations transfer agreement with their largest landlord to transition 24 of the Debtors’ skilled nursing facilities to a new manager, as well as two operations transfer agreements with their other landlord to transition the operations of their remaining four facilities.

    The Debtors engaged in hard-fought negotiations with the Official Committee of Unsecured Creditors throughout the chapter 11 cases. The Debtors also faced plan confirmation opposition with objections from several tort plaintiffs as well as the United States and the Office of the United States Trustee for the District of Delaware.

    Following a multi-day evidentiary hearing on confirmation of the Plan, on June 27, 2022, the Court confirmed the Debtors’ plan of liquidation. Following emergence, three trusts will be formed to assist with the claims reconciliation and distribution processes and wind up Gulf Coast’s affairs: a liquidating trust, a litigation claimants trust and a general unsecured claims trust.

    The McDermott restructuring team was led by  Daniel Simon, David Hurst and Emily Keil and included Natalie Rowles, Daniel Thomson,  Jake Jumbeck,  Brandon White,  Darren Yang, and  Cathy Greer.  Timothy Hoeffner,  Jason Gerstein, and Katharine Suominen provided litigation support and corporate/finance support was provided by Riley Orloff and Nathan Barnett; and transactional tax support was provided by  Gary Karch  and  Michael Wilder.

    About Us

    McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. With more than 20 locations on three continents, our team works seamlessly across practices, industries and geographies 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.

    Daniel M. Simon

    Partner

    Atlanta

    David R. Hurst

    Partner

    Wilmington

    Emily C. Keil

    Partner

    Chicago

    Natalie A. Rowles

    Associate

    New York – One Vanderbilt Avenue

    Jake Jumbeck

    Associate

    Chicago

    Riley T. Orloff

    Partner

    New York – One Vanderbilt Avenue

    Nathan E. Barnett

    Partner

    Wilmington

    Gary C. Karch

    Counsel

    Chicago

    Michael J. Wilder

    Partner

    Washington, DC

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  • McDermott Will & Emery advised Swiss Life on the purchase of the 73,200 sqm site in Düsseldorf from METRO PROPERTIES

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Will & Emery advised Swiss Life on the purchase of the 73,200 sqm site in Düsseldorf from METRO PROPERTIES

    July 5, 2022

    Read time: 3 min

    Düsseldorf, July 05, 2022 – McDermott Will & Emery has advised Swiss Life on the purchase of a 73,200 m² site in Düsseldorf from METRO PROPERTIES.

    The site acquired by Swiss Life Asset Managers is currently part of METRO Campus. Swiss Life Asset Managers will reshape the inner-city area under a new name and develop an urban quarter. In addition to apartments, there will be space for commercial areas for restaurants and stores as well as space for age-appropriate living and care. Public spaces, a daycare center and an elementary school are also an integral part of the planning – all combined to meet the highest ESG standards. The transaction was notarized on June 30, 2022 by Droste + Haibt notary’s office in Düsseldorf.

    Advisors to Swiss Life – McDermott Will & Emery: Dr. Ulrich Flege and Dr. Jens Ortmanns (Partner, both Lead advisors, Real Estate, Düsseldorf), Dr. Florian Schiefer (Partner, Tax, Frankfurt am Main), Dr. Alexa Ningelgen (Partner, Public Law, Düsseldorf), Alina Affeld (Associate, Real Estate, Düsseldorf) and Dr. Lukas Wasylow-Neuhaus (Associate, Public Law, Düsseldorf).

    Advisors Metro – Clifford Chance: Reinhard Scheer-Hennings (Partner, Lead), Philip Heinzel (Senior Associate) and Maximilian Sablotny (Associate).

    About Us

    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.

    Dr. Ulrich Flege

    Partner

    Düsseldorf

    Dr. Jens Ortmanns

    Partner

    Düsseldorf, Cologne

    Dr. Alexa Ningelgen

    Partner

    Düsseldorf

    Alina Affeld

    Associate

    Düsseldorf

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  • McDermott Represents Cleveland Clinic in Centerline Biomedical $33 Million Series B Equity Financing

    McDermott Represents Cleveland Clinic in Centerline Biomedical $33 Million Series B Equity Financing

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Cleveland Clinic in Centerline Biomedical $33 Million Series B Equity Financing

    July 1, 2022

    Read time: 3 min

    International law firm McDermott Will & Emery represented Cleveland Clinic, a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education, which led the $33 million Series B equity financing of Centerline Biomedical, Inc., a private medical technology company. This funding will help propel the company into new surgical applications, accelerate its commercial sales and add to its growing clinical evidence repository.

    About Us

    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.

    Kristian A. Werling

    Partner

    Chicago

    Aroma Sharma

    Partner

    San Francisco

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  • McDermott Represents Iron Path Capital in its Platform Acquisiton with Capitol Pain Institute

    McDermott Represents Iron Path Capital in its Platform Acquisiton with Capitol Pain Institute

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Iron Path Capital in its Platform Acquisiton with Capitol Pain Institute

    July 1, 2022

    Read time: 3 min

    International law firm McDermott Will & Emery represented Iron Path Capital, a private equity firm focused on healthcare and specialty industrials, in connection with its platform acquisition of Austin Pain Acquisition, LLC and its subsidiary 9600 Feet Holdings, LLC, an organization providing management and other support services to interventional pain management provider, Capitol Pain Institute (CPI). This partnership will create a physician-led consolidation platform focused on delivering the highest quality care for patients with chronic pain. This transaction was announced June 23, 2022.

    The McDermott deal team was led by Krist Werling and David Ivill with key support from Joe Parise and Hunter Sharp. The cross-practice team included John Zukin, Brad Burcroff, Selina Ibarra, Alex Ruiz, Kwabena Yeboah, Jeffrey Holdvogt, Brian Mead, Jennifer Mikulina, Thomas DaMario, Jonathan Salm, Li Wang, Morgan Pollard, Tony Maida, Adetoro Olugbemi, Scott Weinstein, Jared Bryant, Caitlin Harrington, John Parker and Robin Riley.

    Read Iron Path Capital’s press release.

    McDermott’s private equity practice is among the top four most active PE law firms globally and in the US with more than 160 dedicated private equity lawyers in 21 locations globally. In addition to being Pitchbook’s top Healthcare PE firm for a fifth consecutive year and fifth in both IT and financial services private equity, we are named Energy & Industrials Law Firm of the Year (Large Cap) by The Deal, Top 10 in PE Buyouts by MergerMarket and Top 10 in US Mid-Market by Bloomberg. Learn more about our PE practice by visiting pe.mwe.com.

    About Us

    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.

    Kristian A. Werling

    Partner

    Chicago

    David S. Ivill

    Partner

    New York – One Vanderbilt Avenue

    Joseph M. Parise

    Partner

    Boston

    Hunter R. Sharp

    Partner

    Chicago

    John Zukin

    Partner

    Chicago

    Alejandro Ruiz

    Partner

    San Francisco

    Jeffrey M. Holdvogt

    Partner

    Chicago

    Brian Mead

    Partner

    Chicago

    Morgan A. Pollard

    Partner

    Atlanta

    Tony Maida

    Partner

    New York – One Vanderbilt Avenue

    Caitlin M. Harrington

    Associate

    Chicago

    John B. Parker

    Law Clerk

    Atlanta

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  • SRZ Represented CarVal Investors L.P. in Successful AllianceBernstein Acquisition of CarVal

    SRZ Represented CarVal Investors L.P. in Successful AllianceBernstein Acquisition of CarVal

    PRESS RELEASE

    SRZ Represented CarVal Investors L.P. in Successful AllianceBernstein Acquisition of CarVal

    July 1, 2022

    Read time: 3 min

    Schulte Roth & Zabel represented CarVal Investors in the successful completion of AllianceBernstein L.P. and AllianceBernstein Holding L.P.’s previously announced acquisition of CarVal. CarVal is a leading global private alternatives investment manager with approximately $15 billion in assets under management. The acquisition brings complementary private markets capabilities to AB’s Private Alternatives business and expands AllianceBernstein’s private markets platform to nearly $50 billion in assets under management. The acquisition was previously announced March 17, 2022.

    SRZ’s team was led by partners Larry Natke and David Nissenbaum and associate Matthew Saathoff.

    The complete team includes partners Marc Elovitz, Nick Fagge, David Griffel, Ian Levin, Anna Maleva-Otto, Daniel Oshinsky, Joseph Reich, Leonora Shalet and Gary Stein; special counsels Adam Gartner, Jill Guzzetti, Scott Kareff and Gregory Kinzelman; associates Christopher Avellaneda, Bridgett Bauer, Craig Epstein, Hannah Hollingsworth, Farzaan Ijaz, Nikki Nikova, Michael Periatt, Jacob Shulman, David Soerensen, Vincent Vitarelli and Grace Willingham; and law clerks Vera Lee, Ryan Newbrough, Matthew Schwartz and Matthew Wager.

    About Us

    David Nissenbaum

    Partner

    New York – 919 Third Avenue

    Marc E. Elovitz

    Partner

    New York – 919 Third Avenue

    Nick Fagge

    Partner

    London – One Eagle Place

    David S. Griffel

    Partner

    New York – 919 Third Avenue

    Ian L. Levin

    Partner

    New York – 919 Third Avenue

    Daniel V. Oshinsky

    Partner

    New York – 919 Third Avenue

    Joseph Reich

    Partner

    New York – 919 Third Avenue

    Adam B. Gartner

    Special Counsel

    New York – 919 Third Avenue

    Scott M. Kareff

    Special Counsel

    New York – 919 Third Avenue

    Christopher S. Avellaneda

    Partner

    New York – 919 Third Avenue

    Bridgett S. Bauer

    Associate

    Miami

    Hannah M. Hollingsworth

    Partner

    London – One Eagle Place

    Vincent Vitarelli

    Associate

    New York – 919 Third Avenue

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  • McDermott Launches Austin Office with Prominent Intellectual Property Group

    McDermott Launches Austin Office with Prominent Intellectual Property Group

    PRESS RELEASE

    McDermott Launches Austin Office with Prominent Intellectual Property Group

    June 30, 2022

    Read time: 4 min

    International law firm McDermott Will & Emery is pleased to announce the opening of a new office in Austin, Texas, with a team of eight intellectual property (IP) partners: Kevin Meek, Syed Fareed, Stephen Hash, Paula Heyman, Brian Oaks, Margaret Sampson, Nick Schuneman and Brett Thompsen.

    “Austin is a vibrant and exciting market for both clients and top talent and we are delighted to be part of its strong growth trajectory—it’s a natural fit for us.” said Ira Coleman, McDermott’s Chairman. “In addition to this fantastic group of intellectual property expertise, there is also wonderful alignment with our power alley practices—particularly technology, healthcare and litigation—that we very much look forward to building on.”

    “We’re focused on growth across McDermott’s IP, transactions and litigation practices, with parallel concentration across the technology, health and life sciences industries,” Michael S. Poulos, McDermott’s head of strategy, added. “We’re excited that this tailor-made IP group is launching McDermott in Austin and have no doubt that we will have more expansion developments to announce in the very near term.”

    This group follows a series of strategic IP partner hires throughout 2021 including Simon Roberts, Jason Leonard, Maxwell “Mac” Fox, Douglas H. Carsten and Adam W. Burrowbridge.

    “Opening an office in the Western District of Texas allows us to take full advantage of the growing influx of patent case filings in Texas since the largest percentage of all district court patent litigation cases are now filed in Texas,” William Gaede, head of McDermott’s Global Intellectual Property Practice Group, noted. “This team of elite practitioners boosts our practice’s strength in both IP litigation and IP transactions and is a bold move advancing our remarkable IP practice into an industry powerhouse. We are excited to see what the coming months bring as we welcome the team to our global IP platform.”

    Kevin Meek will be appointed as the office managing partner of the new office. Health partner Amanda K. Jester will also relocate from our Dallas to Austin office at opening.

    “This is an incredible opportunity for this team to lay the foundation of a new office in a booming IP market and the Firm has given us the platform and support to make this both a near term and long-term success,” Kevin said. “Our group was initially attracted to McDermott’s global reach and the sophisticated legal talent of our new colleagues, and once we began conversations with the Firm, there were simply too many current and prospective client- and cross-practice synergies to count. We knew right away that joining McDermott just made sense.”

    The Austin launch brings McDermott’s total global office locations to 22. Read more about the Austin office.

    About Us

    McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. With more than 20 locations on three continents, our team works seamlessly across practices, industries and geographies 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.

    Ira J. Coleman

    Chairman

    Miami

    William Gaede

    Partner

    Silicon Valley, San Francisco

    Amanda Jester

    Partner

    Austin

    Syed K. Fareed

    Partner

    Austin

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  • McDermott Represents BQ Energy in Sale to CleanCapital

    McDermott Represents BQ Energy in Sale to CleanCapital

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents BQ Energy in Sale to CleanCapital

    June 30, 2022

    Read time: 3 min

    International law firm McDermott Will & Emery represented BQ Energy, LLC (BQE), a national leader in landfill and brownfield renewable energy development, in its sale to CleanCapital, an industry-leading clean energy investment platform. This purchase will further help fund the development of projects in BQE’s substantial long-term pipeline, deploying capital to projects that not only advance the energy transition but also put underutilized and polluted land to new use with myriad climate and community-related benefits.

    About Us

    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.

    Debra A. Harrison

    Partner

    Washington, DC

    Nathan E. Barnett

    Partner

    Wilmington

    Elle Hayes

    Partner

    Miami

    Joel A. Hugenberger

    Partner

    New York – One Vanderbilt Avenue

    Gregory Weigand

    Counsel

    Miami, New York – One Vanderbilt Avenue

    Brian J. Tiemann

    Partner

    Chicago

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  • McDermott Represents Prime Therapeutics in its $1.35 Billion Acquisition of Magellan RX

    McDermott Represents Prime Therapeutics in its $1.35 Billion Acquisition of Magellan RX

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Prime Therapeutics in its $1.35 Billion Acquisition of Magellan RX

    June 30, 2022

    Read time: 3 min

    International law firm McDermott Will & Emery represented Prime Therapeutics LLC, a pharmacy benefits manager, in its $1.35 billion definitive agreement with Centene Corporations to acquire Magellan RX Management, a division of Magellan Health, Inc., a next-generation pharmacy organization that is delivering meaningful solutions to the people they serve.

    • The transaction was announced on May 5, 2022, and subject to regulatory approvals, is expected to close in late 2022.
    • Combining Prime’s fully transparent and channel-independent model with Magellan Rx’s industry-leading portfolio of medical pharmacy solutions is expected to create a new specialty drug management model — one that uniquely aligns and integrates with providers and harnesses the patient and provider relationship to meet patients where they are in their care journey.
    • The McDermott corporate team was led by Mark Mihanovic and Diego Gomez-Cornejo. The relationship partner for Prime Therapeutics is Jeremy Earl. The regulatory team was led by Mimi Alexandre and Steve Wu and Dan Powers provided antitrust support.
    • Read Prime’s press release here.
    About Us

    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.

    Mark J. Mihanovic

    Partner

    Silicon Valley, Los Angeles

    Jeremy Earl

    Partner

    Washington, DC

    Mimi Alexandre

    Partner

    Washington, DC

    Stephen Wu

    Partner

    Chicago

    Daniel Powers

    Partner

    Washington, DC

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