DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott advised Five Arrows Growth Capital (FAGC) on Padoa’s new financing round
February 10, 2022
Read time: 3 min
Paris, February 10, 2022 – McDermott Will & Emery has advised Five Arrows Growth Capital (FAGC), a management company affiliated with Rothschild & Co Merchant Banking, in a new round of financing for Padoa, a pioneer in the digitalisation of occupational health.
The aim of this round of financing is to accelerate the expansion and development of preventive health care in the corporate world, while enabling it to continue investing in research and development.
The McDermott team that advised Five Arrows Growth Capital (FAGC) was composed of:
- Grégoire Andrieux, managing partner, Diana Hund, partner, Marie-Muriel Barthelet, counsel, and Claire Barra, associate, on corporate aspects;
- Pierre-Arnoux Mayoly, partner, Aurélien Jugand, counsel, and Clarisse de Roux, associate, as well as the McDermott team in London: Aymen Mahmoud, partner, and Giulia Venanzoni, associate, on financing aspects.
- Antoine Vergnat, partner, and Côme de Saint-Vincent, counsel, on the tax aspects;
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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Seven McDermott Lawyers Named to BTI’s Client Service All-Stars 2022 List
AWARDS & RANKINGS / PRESS RELEASE
Seven McDermott Lawyers Named to BTI’s Client Service All-Stars 2022 List
February 8, 2022
Read time: 3 min
International law firm McDermott Will & Emery is proud to announce that seven lawyers were named to BTI Consulting Group’s Client Service All-Stars 2022 list. BTI conducts the longest-running independent study to find and celebrate the lawyers that top legal decision-makers say deliver the absolute best client service.
McDermott lawyers recognized as BTI Client Service All-Stars include:
- David Rosenbloom (Healthcare Litigation)
- Michael Morgan (Cybersecurity and Data Privacy)
- Edward Zacharias (Information Privacy and Cybersecurity)
- John Finston (Insurance Transactions and Regulatory)
- Ashley Fischer (Healthcare Antitrust)
- Brad Dennis (Healthcare Transactions)
- Christopher Olson (Corporate and Healthcare)
Now in its 21st year of publication, BTI Client Service All-Stars draws solely on in-depth interviews as part of BTI’s ongoing Annual Survey of General Counsel. This year, BTI probed more than 350 top legal decision-makers at large organizations with $700 million or more in revenue. You can read the BTI Client Service All-Stars 2022 report 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—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 Recognized as part of Turnaround & Workouts’ Successful Restructuring of the Year Award
AWARDS & RANKINGS / PRESS RELEASE
McDermott Recognized as part of Turnaround & Workouts’ Successful Restructuring of the Year Award
February 8, 2022
Read time: 3 min
International law firm McDermott Will & Emery is proud to announce that it has been recognized as part of Turnaround & Workouts’ 2021 Successful Restructuring of the Year Award.
Business Restructuring partners Kristin Going and Charles Gibbs acted as lead counsel to CBL & Associates Properties, Inc. (“CBL”) Creditors Committee in the CBL chapter 11 bankruptcy. As one of the largest mall real estate investment trusts in the United States, CBL filed bankruptcy after losing significant revenue due to mall closings as a result of the COVID-19 pandemic. CBL emerged from chapter 11 on November 1, 2021 with a significantly improved capital structure and a lowered cost of capital, having reduced its funded debt and preferred obligations by approximately $1.7 billion.
Turnarounds & Workouts is a news magazine for corporate restructuring professionals such as bankruptcy attorneys, financial advisers, turnaround managers, investment bankers, distressed investors, claims traders, trustees, academics and business journalists. Annually, the publication honors the most Successful Restructurings from the year prior.
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—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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Schulte Roth & Zabel LLP Advises Associated Materials in Merger with SVPGlobal
PRESS RELEASE
Schulte Roth & Zabel LLP Advises Associated Materials in Merger with SVPGlobal
February 2022
Read time: 3 min
Schulte Roth & Zabel LLP is advising Associated Materials in connection with a proposed merger with affiliates of Strategic Value Partners (“SVPGlobal”), pursuant to a definitive Merger Agreement dated Jan. 25, 2022. After completion of the transaction, Associated Materials will be a portfolio company of SVPGlobal.
Associated Materials is a vertically integrated building products company with $1.6 billion in annual revenues and a market leader in vinyl windows, vinyl and composite cladding and metal siding and trim. Associated Materials introduced its Alside brand in 1947 and today owns leading brands, including Gentek Building Products, Mezzo and Regency windows, ASCEND and ALIGN composite cladding, Charter Oak and Sequoia Select vinyl siding, and Sierra Steel and Satinwood metal siding. Associated Materials has over 4,400 employees and operates 125 of its own Alside and Gentek distribution centers in the United States and Canada, along with 11 manufacturing facilities.
The deal is led by SRZ Partners Daniel Eisner and Kristine Manoukian, with the full deal team including:
Partners Seth R. Henslovitz, Ian L. Levin, Joseph Reich, Ronald E. Richman, Gregory D. Ruback, Gary Stein and Michael E. Swartz; Of Counsels Howard B. Epstein and Ronald B. Risdon; Special Counsels Michael G. Cutini, Adam B. Gartner, Scott A. Gold, Scott M. Kareff, Theodore A. Keyes, Gregory L. Kinzelman and Amiel Y. Mandel; Associates Jamie I. Freedman, Jacob A. Gach, Matthew L. Saathoff, Aaron Schwed and Sheuvaun F. Vernon; Law Clerks Abigail B. Castaldi and William J. Sobel; and former Schulte lawyer Jennifer A. Gordon.
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McDermott Advises Sirius Petroleum On OML 65 JV Partnership And Obtaining A $200m Financing Facility For Phase 1 Development On The OML 65
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Sirius Petroleum On OML 65 JV Partnership And Obtaining A $200m Financing Facility For Phase 1 Development On The OML 65
February 7, 2022
Read time: 4 min
McDermott Will & Emery is advising Sirius Petroleum PLC, an Africa focused oil & gas production and development company, in relation to its acquisition of a shareholding in the joint venture company, COPDC Petroleum Development Company Limited, which has executed agreements with NNPC (Nigeria National Petroleum Corporation) regarding the development of the OML 65 licence, onshore Nigeria, and the obtaining of a senior loan facility from Trafigura Pte Ltd of up to $200 million. The loan will be used for Phase 1 of the development of 51 million barrels of proven and probable reserves on the OML 65 licence.
OML 65 is a producing onshore block with 2P reserves of 51 mmbbls, according to a Gaffney Cline & Associates CPR:
- The existing producing field, Abura, has been in production since the 1970s, has been ascribed 16.2 mmbbls remaining 2P reserves [1] and is currently producing c.8,500 bopd.
- OML 65 also contains two further discovered and appraised fields, Woodpile and Osaka, which have not been developed to date and will form part of the forward work programme. The two discovered fields contain an estimated 34.9 mmbbls additional 2P reserves1.
- The existing production facilities and infrastructure servicing the Abura field are capable of handling up to 40,000 bopd.
Sirius Petroleum is an Africa-focused oil and gas development, production and exploration company, building a range of diversified producing and development assets. Its strategy to acquire oil & gas assets which require funding to support the further development of existing production, develop appraised assets and future exploration assets, both offshore and onshore. Sirius works with a range of indigenous and international operational and funding partners.
The McDermott Will & Emery team is led by finance partner Mark Fine and corporate counsel Elisabeth Moseley and the team includes senior associates Nicholas Jupp and Marta Wrobel and associate Ryan Clarke.
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 CHW Acquisition Corporation in $350 Million De-SPAC With Wag!
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents CHW Acquisition Corporation in $350 Million De-SPAC With Wag!
February 3, 2022
Read time: 3 min
International law firm McDermott Will & Emery represented CHW Acquisition Corporation (CHW), a publicly traded (NASDAQ: CHWA) special purpose acquisition company (SPAC), in its de-SPAC transaction with Wag Labs, Inc. (Wag!), an American pet services marketplace company powering a mobile-first technology platform that enables on-demand and scheduled dog walking, training, and other pet care services.
- The transaction was announced on February 3, 2022 and is expected to close in the second quarter of 2022, subject to customary approvals and satisfaction of conditions.
- Upon closing, the combined company will be named Wag! Group Co. and will be listed on the Nasdaq Global Market (NASDAQ) with the ticker symbol “PET.”
- McDermott team was led by Ari Edelman and Harold Davidson and included Nicole Yoon, Ana Koff, Adam Perlman, Eric Klee, Caroline Sandy, Samantha Koplik, Darren Yang, Brian Tratner, Yuxin Jin, Tim Shuman, John Robert, Alex Lee, Michelle Strowhiro, Abigail Kagan, Dawn Peacock, Erin Turley, Ty Carson, Michael Halsband, Michael Byrne, Amanda Kane, Sarah Bro, Nickou Oskoui, David Saunders, Daphne Trotter and Jessica Bragg.
- Read CHW’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, 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 Advises Engie on the Sale of Culturespaces to IDI and the Chevrillon Group
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Engie on the Sale of Culturespaces to IDI and the Chevrillon Group
February 3, 2022
Read time: 3 min
McDermott Will & Emery is advising Engie, a global leader in energy & related services, on an agreement to sell Culturespaces to the consortium formed by IDI and the Chevrillon group, alongside the management team.
Culturespaces is a French specialist in the full scale management of cultural venues, and a global pioneer in the establishment of digital art centers and immersive exhibitions.
This transaction is the next step in the implementation of Engie’s strategic plan, initially presented in May 2021, and is also part of the Group’s strategic plan to refocus its activities on its energy-related core business.
By backing Culturespaces with financial partners, the transaction should allow the development efforts made by Engie and the management team in the development of the company to go from strength to strength.
The McDermott team that advised Engie comprised:
- Bertrand Delafaye, partner, Louis Feuillée and Shurong Qu, associates, on corporate aspects
- Laurent Ayache, partner, and Charlotte Michellet, Counsel, on regulatory aspects
- Jilali Maazouz, partner and Nicolas Chaubet, associate, on employment law
Paris est le principal bureau, en dehors des Etats-Unis, du cabinet international McDermott Will & Emery. Les 80 avocats du bureau parisien apportent, par un accompagnement juridique d’excellence, une véritable valeur ajoutée aux entreprises, à leurs dirigeants et aux institutions publiques et privées.
Nous sommes régulièrement primés pour la qualité, la cohérence et la créativité des solutions que nous proposons. McDermott figure notamment dans les classements Chambers & Partners Europe et Legal 500 EMEA.
McDermott Will & Emery est l’un des plus importants cabinets d’avocats internationaux. Il compte plus de 1200 avocats et est implanté dans 20 bureaux en Amérique du Nord et en Europe. Véritable plate-forme intégrée, McDermott permet à ses différentes équipes à travers le monde de collaborer étroitement et régulièrement.
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McDermott Advises Startup Frichti and its Founders on its Sale to Gorillas
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Startup Frichti and its Founders on its Sale to Gorillas
February 3, 2022
Read time: 3 min
McDermott Will & Emery advised Frichti, a pioneer in food delivery in France, and its founders on its entry into exclusive discussions that should lead to an acquisition by Gorillas, a leading German player in the field of food delivery.
Among the first foodtech businesses in France, Frichti launched in Paris in 2015 and focused on delivering ready-to-eat meals. It expanded into groceries in 2018 and started its own label.
The McDermott team that advised Frichti and its founders comprised Grégoire Andrieux, Managing Partner, Maxime Fradet, counsel, and Antonia Teleman, associate, on corporate aspects.
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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Schulte Secures Release of a Terminally Ill Client in Partnership with the Innocence Project
PRESS RELEASE
Schulte Secures Release of a Terminally Ill Client in Partnership with the Innocence Project
February 2022
Read time: 3 min
Schulte is honored to have partnered with the Innocence Project to secure the early release of our terminally ill client after 27 years of incarceration. A ruling in New Hampshire state court granted a motion filed by the Innocence Project and SRZ to suspend the remainder of our client’s sentence.
As a result of the diligence of the Innocence Project and Schulte, our client will be able to live out the remainder of his life with his family. This is a significant victory for not just our client, but for the larger role of discretion in criminal sentencing.
The SRZ team consisted of Litigation Special Counsel Aislinn K. Affinito and Associate Steven R. Fisher, and Finance & Derivatives Law Clerk Mitchell E. McCloy.
SRZ has partnered with the Innocence Project for more than 15 years to render pro bono legal services and looks forward to our continued this partnership in the future.
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SRZ represented Deer Park Road Management Company in the formation of Flywheel SFR Fund I LP
PRESS RELEASE
SRZ represented Deer Park Road Management Company in the formation of Flywheel SFR Fund I LP
February 2022
Read time: 3 min
Schulte Roth & Zabel LLP represented Deer Park Road Management Company (“Deer Park Road”), an alternative investment manager, in the formation of Flywheel SFR Fund I LP (the “Fund”), a closed-end real estate fund that will pursue a single-family rental strategy. Schulte’s Investment Management, M&A, Real Estate and Finance & Derivatives teams handled the negotiation of a seed investment in the Fund by an institutional investor, Deer Park Road’s equity investment in the Fund’s property manager, the negotiation of the Fund’s property management agreement and the negotiation of a revolving credit facility.
The team was led by Heather Wyckoff, other team members included David Weintraub, Seth Henslovitz, Larry Natke, Greg Ruback, David Griffel, David Wermuth, Meg Carey, Lauren Exnicios, Amiel Mandel, Aaron Schwed, Irem Karacal, David Cohen, and Andi Mandell.
