Newsroom Categories: Press release

  • McDermott Comment | UK Restructuring Regime Retains Appeal Almost Two Years On From Brexit-Prompting Recognition Conundrum

    PRESS RELEASE

    McDermott Comment | UK Restructuring Regime Retains Appeal Almost Two Years On From Brexit-Prompting Recognition Conundrum

    June 30, 2022

    Read time: 2 min

    Aymen Mahmoud, a partner at law firm McDermott Will & Emery, said:

    “The analysis and decision-making of the English courts has long been regarded as among the strongest in the world. Combined with the modernization of the English law restructuring toolkit over the last couple of years, the rulings made by the English courts continue to place the UK as a very strong forum for any restructuring. Whilst Brexit may have had a more immediate effect of uncertainty on whether or not to use the English courts, recent case law has helped to diminish that uncertainty.”

     

    About Us

    Aymen Mahmoud

    Partner

    London – 22 Bishopsgate

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  • SRZ Announces NAPW to Host 2022 Brooks Burdette Fellow

    SRZ Announces NAPW to Host 2022 Brooks Burdette Fellow

    PRESS RELEASE

    SRZ Announces NAPW to Host 2022 Brooks Burdette Fellow

    June 30, 2022

    Read time: 4 min

    Schulte Roth and Zabel LLP is proud to announce that the firm’s 2022 Brooks Burdette Fellow will work exclusively with the National Advocates for Pregnant Women (“NAPW”), a non-profit advocacy organization which works to ensure that women do not lose their constitutional and human rights as a result of pregnancy.

    The firm’s Executive Committee created the Fellowship in honor of Brooks Burdette, SRZ’s late litigation partner who was a long-time Chair of the Pro Bono Committee, and whose commitment to public interest work was exemplary. Since the inception of the Fellowship in 2009, past host organizations have included The Lawyers Committee for Civil Rights Under Law, Human Rights First, Sanctuary for Families, The Innocence Project, and, last year, the Asian American Legal Defense and Education Fund.

    This year’s Fellow will be announced in August and will be fully embedded with NAPW (virtually or otherwise) for six-months, while continuing to receive full pay and benefits as an SRZ employee. An SRZ pro bono client since 2015, NAPW has been working at the intersection of criminal justice and reproductive justice for over 20 years, defending the rights of pregnant people against criminalization because of pregnancy. SRZ has served as their “outside general counsel” on matters related to employment, real estate and other general corporate matters. We also recently partnered with them to research and draft the timely multi-disciplinary guide for professionals, Confronting Pregnancy Criminalization.

    NAPW is tracking a rapid acceleration of criminalization as the constitutional right to access abortion was overturned and fetal personhood laws are used to control pregnant people with wanted and unwanted pregnancies in new and insidious ways. The Fellow will support NAPW’s urgent work documenting cases and trends across the country, helping to respond to increased inquiries from individuals facing investigations or arrests, providing amicus briefs, legislative hearings and policy advocacy, rapid response resources to criminal defense attorneys on the ground, and conducting legal research and writing in support of criminal defense litigation in which NAPW is directly involved. 

    SRZ will continue to support NAPW and the Fellow with ongoing pro bono work during the Fellowship.

    About Us
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  • McDermott Represents Merck in the Launch of Merck Digital Sciences Studio

    McDermott Represents Merck in the Launch of Merck Digital Sciences Studio

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Merck in the Launch of Merck Digital Sciences Studio

    June 29, 2022

    Read time: 3 min

    International law firm McDermott Will & Emery represented Merck (NYSE: MRK), a premier research-intensive biopharmaceutical company, in its launch of the Merck Digital Sciences Studio (MDSS), to enable the generation of innovative technologies for drug discovery and development. MDSS will support early-stage biomedical startups with direct investment, access to powerful Azure Cloud computing and opportunities to pilot their technologies in collaboration with discovery and clinical scientists at Merck.

    • Following the product launch announcement June 29, 2022, Merck is accepting applications for 12 spots for the first MDSS cohort.
    • Todd Finger served as counsel to Merck.
    • Read Merck’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.

    Todd Finger

    Partner

    New York – One Vanderbilt Avenue

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  • McDermott Advised Ardian on the Signing of an Agreement to Acquire an Equity Stake in SERMA Group Alongside Management

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advised Ardian on the Signing of an Agreement to Acquire an Equity Stake in SERMA Group Alongside Management

    June 29, 2022

    Read time: 3 min

    McDermott Will & Emery has advised Ardian, a leading global private equity firm, on the signing of a memorandum of understanding to acquire an equity stake in SERMA Group, a leading independent European provider of consulting and services in electronic technologies, embedded systems and information systems.

    Ardian’s Expansion team first acquired a stake in SERMA Group in 2015 and participated in the company’s growth, notably through new acquisitions and the creation of the “SERMA Safety & Security” branch.

    This new transaction with Ardian’s Expansion team, SERMA Group’s management and employees, who remain the majority shareholders, heralds heavy investment once again in the company’s capital.

    Chequers Capital and Bpifrance also remain minority shareholders, alongside Ardian, the reference financial shareholder.

    The objective of Ardian’s Expansion team is to support SERMA Group in a new stage of its development, as the company is solidly positioned in niche applications (high value-added electronic components and systems) in a number of high growth sectors and has full control over the value chain (design, test, production, maintenance and training).

    The McDermott team that advised Ardian comprised :

    • Grégoire Andrieux, Fabrice Piollet, partners, and Boris Wolkoff, associate, on corporate aspects;
    • Antoine Vergnat, Côme de Saint-Vincent, counsel, and Fanny Le Pogam, associate, on the tax aspects;
    • Frédéric Pradelles, partner, and Mary Hecht, associate, on the antitrust aspects;
    • Pierre-Arnoux Mayoly, partner, Antoine Venier and Clarisse De Roux, associate, on the financing aspects.
    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.

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  • McDermott Represents Doral Renewables in Indiana-Based 400MW Solar Project

    McDermott Represents Doral Renewables in Indiana-Based 400MW Solar Project

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Doral Renewables in Indiana-Based 400MW Solar Project

    June 27, 2022

    Read time: 3 min

    International law firm McDermott Will & Emery represented Doral Renewables in the closing of its construction project financing for the Mammoth North project, a 400MW Solar project located in Starke County, Indiana.

    The Mammoth North project is the first phase of Doral’s Mammoth Solar project. It is also developing the nearby Mammoth Central and Mammoth South projects which, together with Mammoth North, will bring 1.3GW of capacity to market as the largest integrated photovoltaic solar electricity generating facility in the U.S.

    The transaction was announced June 14, 2022 and the project is slated to enter commercial operation in 2023.

    The McDermott project finance team was led by Chris Gladbach on the project’s development and Robert da Silva Ashley on the project’s financing, with assistance from Elle Hayes, Dominique Torsiello, Allison Perlman, Andrew Klimaszewski and Jeronimo Soares de Sousa. The financing included a significant tax equity investment, with Joel Hugenberger and Heather Cooper leading McDermott’s tax team with assistance from Seth Doughty and André Smith.

    The McDermott deal teams were supported by key contributions from other Firm specialist teams, including Carl Fleming, Lynn Kamarck, Tyler Kimberly and Chris Benedik on international trade, export controls and customs matters; David Tewksbury on federal energy regulatory matters; Jacob Hollinger on environmental regulatory and permitting matters; Nathan Barnett on Delaware corporate matters; Jane Byrne on R&W policy insurance matters; and Alexandra Scheibe and Rachel Rosen on derivatives and hedging matters.

    Read Doral Renewable’s press release.

    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.

    Christopher Gladbach

    Partner

    Washington, DC

    Elle Hayes

    Partner

    Miami

    Andrew Klimaszewski

    Associate

    Los Angeles

    Joel A. Hugenberger

    Partner

    New York – One Vanderbilt Avenue

    Heather Cooper

    Partner

    Miami

    Seth B. Doughty

    Partner

    Los Angeles

    Carl J. Fleming

    Partner

    Washington, DC

    David G. Tewksbury

    Partner

    Washington, DC

    Jacob Hollinger

    Partner

    New York – One Vanderbilt Avenue

    Nathan E. Barnett

    Partner

    Wilmington

    Rachel Rosen

    Partner

    New York – One Vanderbilt Avenue

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  • McDermott Represents Woodland Midstream II (“Woodland”) in Connection with Woodland’s Execution of a Definitive Agreement to Sell Certain Subsidiaries to DCP James Lake Holding LLC for $160 Million

    McDermott Represents Woodland Midstream II (“Woodland”) in Connection with Woodland’s Execution of a Definitive Agreement to Sell Certain Subsidiaries to DCP James Lake Holding LLC for $160 Million

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Woodland Midstream II (“Woodland”) in Connection with Woodland’s Execution of a Definitive Agreement to Sell Certain Subsidiaries to DCP James Lake Holding LLC for $160 Million

    June 27, 2022

    Read time: 3 min

    International law firm McDermott Will & Emery represented Woodland Midstream II, LLC (“Woodland”), a portfolio company of Texas-based private equity firm EIV Capital, LLC, in connection with Woodland’s execution of a Membership Interest Purchase Agreement to sell certain subsidiaries of Woodland that own and operate Permian Basin gas gathering and processing assets to DCP James Lake Holding LLC, a subsidiary of DCP Midstream, LP.  The transaction is valued at $160 million, subject to certain customary adjustments.

    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.

    Jacob Hollinger

    Partner

    New York – One Vanderbilt Avenue

    Heidi J. Steele

    Partner

    Chicago

    Andrew B. Kratenstein

    Partner

    New York – One Vanderbilt Avenue

    Eric Orsic

    Partner

    Chicago

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  • SRZ Represents JANA Partners in Cooperation Agreement with Board of Mercury Systems, Inc.

    SRZ Represents JANA Partners in Cooperation Agreement with Board of Mercury Systems, Inc.

    PRESS RELEASE

    SRZ Represents JANA Partners in Cooperation Agreement with Board of Mercury Systems, Inc.

    June 24, 2022

    Read time: 2 min

    Schulte Roth & Zabel LLP represented JANA Partners in its agreement with Mercury Systems, Inc. which saw Mercury Systems Inc. add new independent directors to its Board of Directors. JANA owns more than 5% of the common stock in Mercury Systems Inc., a leader in trusted, secure mission-critical technologies for aerospace and defense.

    The Schulte team advising JANA Partners was led by partner Ele Klein, chair of the firm’s M&A and Securities Group and co-chair of its global Shareholder Activism Group and included associates Sean Brownridge, Danny Goldstein and Abraham Schwartz.

    Read the article in The Deal here.

    About Us

    Ele Klein

    Partner

    New York – 919 Third Avenue

    Daniel A. Goldstein

    Counsel

    New York – 919 Third Avenue

    Abraham Schwartz

    Partner

    New York – 919 Third Avenue

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  • McDermott Represents Sterling Partners in Platinum Dermatology and West Dermatology Merger

    McDermott Represents Sterling Partners in Platinum Dermatology and West Dermatology Merger

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Sterling Partners in Platinum Dermatology and West Dermatology Merger

    June 23, 2022

    Read time: 3 min

    International law firm McDermott Will & Emery represented Sterling Partners (Sterling), a diversified investment management platform, in its business combination with Sun Capital Partners (Sun Capital), a leading healthcare services investor, to merge Sun Capital’s portfolio company, West Dermatology and Sterling’s portfolio company, Platinum Dermatology Partners.

    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.

    Gregory R. Metz

    Partner

    Chicago

    Michael P. McStay

    Partner

    Chicago

    Matthew Stern

    Associate

    New York – One Vanderbilt Avenue

    Adam J. Rogers

    Partner

    Miami

    Ashley M. Fischer

    Partner

    Chicago

    Stacey L. Callaghan

    Partner

    Chicago

    Callee Donovan

    Associate

    Boston

    Sarah Reis

    Associate

    Boston

    Sarah Bro

    Partner

    Orange County, Los Angeles

    Allison Wilkerson

    Partner

    Dallas

    Mark A. Bilut

    Partner

    Chicago

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  • McDermott Advises SüdBG on Acquiring a Stake in Freight Service Provider Sovereign Speed

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises SüdBG on Acquiring a Stake in Freight Service Provider Sovereign Speed

    June 23, 2022

    Read time: 3 min

    Frankfurt, June 23, 2022 — McDermott Will & Emery advised Süd Beteiligungen GmbH (SüdBG) on the acquisition of a stake in Sovereign Speed Holding GmbH. The transaction is subject to approval by the antitrust authorities.

    The current shareholders Karim El-Sayegh and Martin Araman will continue to hold a significant stake in the company. Long-time CEO Frank Liebelt is joining the group of shareholders.

    Sovereign Speed Holding GmbH, founded in 1998 in Hamburg, offers freight services in the B2B sector in Europe. With around 770 employees at 14 locations, the company generates a revenue of over €100 million.

    Süd Beteiligungen GmbH, based in Stuttgart, is a wholly owned subsidiary of Landesbank Baden-Württemberg (LBBW). SüdBG has been supporting medium-sized companies for over 40 years with equity solutions in the context of succession planning, growth financing and changes of shareholders.

    The McDermott team was led by partner Michael Cziesla and included partners Heiko Kermer, Christian Rolf, and Alexa Ningelgen, counsel Christian Marzlin and Marcus Fischer, as well as associates Isabelle Müller, Lisa Schickling, Lukas Wasylow-Neuhaus, Lene Niemeier and Tim Weill plus further team members from McDermott’s offices in France and the UK.

    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. Heiko Kermer

    Partner

    Frankfurt

    Dr. Alexa Ningelgen

    Partner

    Düsseldorf

    Dr. Christian Marzlin

    Partner

    Frankfurt

    Marcus Fischer

    Counsel

    Frankfurt

    Isabelle Suzanne Gvero

    Counsel

    Frankfurt

    Lene Niemeier

    Associate

    Düsseldorf

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  • McDermott Expands its Global Energy and Infrastructure Practice with the Addition of a Project Development Partner in London

    McDermott Expands its Global Energy and Infrastructure Practice with the Addition of a Project Development Partner in London

    PRESS RELEASE

    McDermott Expands its Global Energy and Infrastructure Practice with the Addition of a Project Development Partner in London

    June 20, 2022

    Read time: 5 min

    International law firm McDermott Will & Emery announced today the appointment of Shah Jahan Khandokar as a partner in its global Energy & Infrastructure Practice in London. Shah Jahan joins the Firm’s 50-plus strong global energy team operating across jurisdictions and helping clients resolve complex issues arising from both macro trends and local issues within the industry.

    Shah Jahan is a project development lawyer with extensive experience in energy and infrastructure projects advising across the full energy spectrum.

    He joins from Hogan Lovells where he served as a member of the Firm’s energy and natural resources leadership team.

    “As global energy markets continue to offer opportunities to our clients, we are very pleased to further strengthen our UK and global energy & infrastructure platform with his hire,” said Hamid Yunis, Managing Partner of McDermott’s London office. “Shah Jahan is a talented and energetic lawyer with good international projects experience and will be a great asset helping our clients make the most of the high levels of transactional activity in both conventional and renewable energy markets.”

    “Shah Jahan’s appointment in London will further bolster our global energy offering as we continue to focus on guiding our clients through the challenges of the highly-specialized energy sector, added Harris Siskind, global head of McDermott’s transactions practice. “We are excited to welcome Shah to our dedicated, full-service team delivering coordinated counsel around the world and looking after our clients’ transactional and regulatory needs.”

    Shah Jahan has broad experience in a range of energy subsectors including conventional power, renewables, hydrogen, oil and gas, LNG, and trading. He focuses on international energy projects, advising foreign investors/sponsors, lenders, and host governments in multiple jurisdictions including Africa, Asia and the Middle East. His clients include multilateral organisations such as the World Bank Group, power developers, international energy companies, mining companies and trading houses.

    He has advised on a variety of high value low-carbon projects, including advising a consortium led by BP and SOCAR on one of the world’s largest energy projects, the US$40 billion Shah Deniz 2 gas project in Azerbaijan, advising the lenders in connection with the Kingdom of Saudi Arabia’s US$1 billion Sudair 1,500 MW solar PV plant and representing multiple sponsors and lenders in relation to Egyptian FiT projects (solar and wind totaling US$1.5 billion. He also recently advised the Government of Uzbekistan and the International Finance Corporation on the procurement of the Sirdarya 1,200 – 1,600 MW CCGT power plant and a host government on the procurement of CCUS projects, and continues to advise the management company of an emerging markets energy platform in its US$500 million fund raising and the sponsors of several Asian energy and infrastructure projects.

    “I am delighted to be joining McDermott as it continues to build out its robust energy offering,” said Shah Jahan. “The Firm’s impressive global platform, which includes numerous low-carbon and infrastructure specialists, and its truly international mindset will allow me to offer my clients superb support at a time when the sector is undergoing huge growth and volatility in equal measure.”

    Shah Jahan is ranked by Legal 500 and Best Lawyers as a Rising Star and One to Watch, respectively. He is the most recent addition to the Firm’s rapidly growing Energy & Infrastructure practice, joining a group of several energy industry heavy hitters such as Clarinda Tjia-Dharmadi, and Merrick White in Singapore, Denmon Sigler, Jack Langlois, Jibin Luke, Kevin Brophy and Andy Lehman in Houston, Marcus Helt in Dallas and Parker Lee, Jim Salerno, Robert da Silva Ashley and Emeka Chinwuba in New York.

    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 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.

     

    Shah Jahan H. Khandokar

    Partner

    London – 22 Bishopsgate

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