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McDermott Represents Globis Acquisition Corp. in $300 Million De-SPAC Transaction with Forafric Agro Holdings Limited
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Globis Acquisition Corp. in $300 Million De-SPAC Transaction with Forafric Agro Holdings Limited
December 29, 2021
Read time: 3 min
International law firm McDermott Will & Emery represented Globis Acquisition Corp. (Nasdaq: GLAQ), a special purpose acquisition company (SPAC), in connection with its de-SPAC transaction with Forafric Agro Holdings Limited, a leading African agribusiness and milling industry leader with a complete range of flour and semolina, and secondary processing products such as pasta and couscous. The purchase price for the transaction is approximately $300 million.
- The transaction was announced on December 20, 2021 and is expected to close in early 2022, subject to customary approvals and satisfaction of conditions.
- Upon the closing of the transaction, the parties intend that Globis will change its jurisdiction of incorporation to Gibraltar, be renamed Forafric Global PLC, and become the first Moroccan based company to list on a US Exchange.
- The McDermott team was led by Mark Selinger, Bob Cohen, Harold Davidson and Scott Regan and included Dan Woodard, Ana Koff, Adam Perlman, Leigh Ratino, Steve Hadjilogiou, Keith Hagan, Alex Lee, Hendrik Viaene and Ty Carson.
- Read Globis Acquisition’s press release here.
About UsMcDermott 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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The Justice for Greenwood Foundation Calls for a Formal Investigation of the 1921 Tulsa Race Massacre by the US Department of Justice
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McDermott Advises the Herbarom Group on the its Capital Opening to Bpifrance and BNP Paribas Développement
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McDermott Advises the Herbarom Group on the its Capital Opening to Bpifrance and BNP Paribas Développement
December 22, 2021
Read time: 3 min
McDermott Will & Emery has advised the Herbarom Group, a French manufacturer of organic cosmetics and food supplements, on the initial opening of its capital to Bpifrance and BNP Paribas Développement.
The arrival of these new minority shareholders will enable the group to make further acquisitions, and to develop its burgeoning business; designing, manufacturing and distributing organic products made from natural ingredients and plant extracts.
The McDermott team that advised the Herbarom group comprised:
Guillaume Kellner, partner, Antoine Ricol, counsel, and Claire Barra, associate, on corporate aspects.
About UsMcDermott 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 Recognized by Financial Times as One of the Most Innovative Law Firms for Business of Law
AWARDS & RANKINGS / PRESS RELEASE
McDermott Recognized by Financial Times as One of the Most Innovative Law Firms for Business of Law
December 21, 2021
Read time: 3 min
International law firm McDermott Will & Emery is pleased to announce that it has been ranked among the top five Most Innovative Law Firms for Business of Law as part of the Financial Times Innovative Lawyers North America Awards. Chairman Ira Coleman was also named the Most Innovative Law Firm Leader.
Cited several times throughout this year’s North America Innovative Lawyers report, McDermott was highly regarded for its investment in people, technology and processes to advance internal and client-facing innovation. Initiatives such as billable mindfulness credit for associates, guided meditation and happiness surveys are just a few of the ways the Firm has integrated wellness into its identity and culture.
In recognition of Ira’s Most Innovative Law Firm Leader honor, Financial Times stated, “Ira Coleman stood out for his response to the most pressing challenge facing law firms: how to attract, retain and engage employees. As he has shown, investment in their health and well-being can also drive business growth.”
In addition to the two honors noted above, McDermott was named a finalist in the Innovation in People and Skills category on behalf of its Career Services Program, which was designed to provide lawyers, lawyer-alumni and select friends of the Firm with information and resources to fuel professional success and happiness.
This year’s North America Innovative Lawyers report highlights the firms and in-house teams who use innovative approaches to deliver exceptional value to business and society. The report also highlights outstanding leaders and individuals bringing innovation to the practice of law.
About UsMcDermott 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 Bolsters Private Equity Practice with Finance Talent
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McDermott Bolsters Private Equity Practice with Finance Talent
December 21, 2021
Read time: 4 min
International law firm McDermott Will & Emery is pleased to announce the addition of Samantha Koplik as partner in its Transactions Practice Group based in New York. Sam is a recognized finance lawyer in the market and a trusted advisor to some of New York’s most prominent private equity firms across a broad range of financing matters.
“We know clients are eager to execute on deals and leverage current market trends, making Sam a fantastic addition to our New York team,” Harris Siskind, global head of the transactions practice, said. “In addition to her deep technical knowledge in acquisition finance for private equity firms, we are thrilled to welcome her leadership in our growing New York office.”
Sam focuses her practice on leveraged finance transactions for private equity firms, strategic buyers, institutional investors, biotech/pharma companies, private debt funds and other providers and consumers of debt financing. She advises clients on a broad range of domestic and cross-border financing transactions, including acquisition financing, recapitalizations, strategic capital raises, restructurings and exits. She also provides general financing and corporate advice to a number of private equity portfolio companies and other operating companies across various industries in the United States and multiple other jurisdictions.
“I am excited to join McDermott’s powerhouse private equity practice, and I look forward to strengthening and supporting its impressive platform over the next many years,” Sam said. “This move provides incredible opportunities for my clients to work with a highly-skilled, dynamic and growing team.”
Sam received her BA from Vassar College and her JD from New York University School of Law. Sam joins from Dechert, where she served as a pro bono practice leader for the New York office.
McDermott has expanded its ranks across the Transactions Practice Group globally, adding a total of 139 lawyers in 2021 alone, with another year of growth projections as client demand rises across private equity, capital markets, mergers and acquisitions and project finance, among other sectors.
About UsMcDermott 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 imat-uve on the Sale of a Majority Stake in the Group to CTI
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises imat-uve on the Sale of a Majority Stake in the Group to CTI
December 20, 2021
Read time: 3 min
Frankfurt a.M., December 20, 2021 – McDermott Will & Emery has advised imat-uve Group GmbH and its shareholders on the sale of a majority stake in the group to Centre Testing International Co., Ltd. (CTI).
The transaction, which also involves imat-uve’s subsidiaries in China, USA, South Africa, and Mexico, was preceded by a prior restructuring of the Chinese holdings. Managing Director Hans-Willi Müller will continue to hold an interest in imat-uve after the transaction has been completed and will be represented on the group’s management board.
Imat-uve is a design and development service provider for the automotive industry headquartered in Mönchengladbach, Germany, with subsidiaries in Stuttgart, the USA, Mexico, China, and South Africa.
CTI, headquartered in Shenzen, is considered a pioneer and market leader in the TIC (Testing, Inspection, Certification) industry, providing testing and inspection services for industrial and consumer goods companies as well as life science and trade-related testing services.
The team advising imat-uve Group was led by Norman Wasse, comprised Partners Gudrun Germankowski, Christian Rolf, Oliver Hahnelt, Counsel Nikolas Koutsós, Christian Krohs, Deniz Tschammler and Heiko Kermer, as well as Associates Marion von Grönheim, Ding Han, Lukas Deutzmann and Ilva Woeste.
About UsMcDermott 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 prow-ess to bear in every matter for our clients and the people they serve.
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McDermott Advises Meiogenix on its USD 13 million Series A Financing Round
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McDermott Advises Meiogenix on its USD 13 million Series A Financing Round
December 17, 2021
Read time: 3 min
McDermott Will & Emery advised Meiogenix on the closing of a USD 13 million (EUR 11 million) Series A financing round led by Sofinnova Partners, participated in by Genoa Ventures, Bpifrance, Casdin Capital and Alexandria Venture Investments.
Meiogenix is an agriculture biotech company which uses chromosome editing to expand genetic diversity in food and agriculture.
The Meiogenix platform hones in on the USD 50 billion commercial seed market, and in particular on essential crops like corn, wheat, rice, soybeans and tomatoes.
The McDermott team that advised Meiogenix comprised:
Anthony Paronneau (partner) and Laetitia de Dinechin, Ludivine Rabreau and Pascaline Sagot (associates).
About UsMcDermott 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 North Atlantic Acquisition Co. in De-SPAC with TeleSign and $1.3B IPO Intent
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents North Atlantic Acquisition Co. in De-SPAC with TeleSign and $1.3B IPO Intent
December 16, 2021
Read time: 3 min
International law firm McDermott Will & Emery represented the North Atlantic Acquisition Corporation (NAAC), a publicly traded special (NASDAQ: NAAC) purpose acquisition company (SPAC), in its business combination with TeleSign, a leader in digital identity and CPaaS software solutions for global enterprises. TeleSign intends to go public at an enterprise value of $1.3 billion, and with this transaction, the company expects to accelerate its investment and fund its growth.
- The transaction was announced on December 16, 2021 and is expected to close in Q2 2022.
- The McDermott team was led by Ari Edelman and included Meir Lewittes, John Robert Jordan Wampler, Caroline Samuelson, Eric Klee, David Saunders, Michelle Strowhiro, Erin Turley, and Brian Tratner.
- Read NAAC and TeleSign’s combined press release.
About UsMcDermott 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 Sterling Partners on Investment in Lecturio
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Sterling Partners on Investment in Lecturio
December 16, 2021
Read time: 3 min
Frankfurt a.M., December 16, 2021 – McDermott Will & Emery has advised US private equity investor Sterling Partners on the acquisition of a stake in the Lecturio Group. Lecturio raised a total of 40 million euros in fresh capital as part of a financing round in which Sterling Partners was joined by other new and existing stakeholders.
Lecturio, founded in Leipzig in 2008, is an e-learning provider that distributes video-based learning concepts for the fields of law, medicine, taxes and business.
Chicago-based investment management platform Sterling Partners focuses on the education sector, among others.
The transaction is another example of McDermott Will & Emery’s experience in the technology and e-learning segment. “e-learning is a market of the future – not only the pandemic has proven that,” said Dr. Michael Czielsa, Partner at McDermott in Frankfurt. “Lecturio has been successful in the market for years – a highly interesting and strategically convincing investment for Sterling Partners. We gladly contributed our expertise.” A team around Dr. Michael Cziesla has already advised, among others, the shareholders of karriere tutor GmbH on the sale to Findos Investor GmbH and the subsequent re-investment by the sellers.
The team advising Sterling Partners was led by Michael Cziesla and comprised Partners Gregory R. Metz and Florian Lechner, Counsel Christian Marzlin as well as Associates Isabelle Müller, Lisa Schickling, and Greg C. Berson.
About UsMcDermott 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 prow-ess to bear in every matter for our clients and the people they serve.
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