DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Lorient Capital in Close of $225 Million Oversubscribed Fund II
October 4, 2021
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McDermott Will & Emery provided legal counsel to Lorient Capital, a private investment firm focused exclusively on the healthcare industry, in the formation of Lorient Healthcare Fund II , which closed with aggregate capital commitments of $225 million.
The McDermott team was led by partner Ian Schwartz, head of the Firm’s Investment Funds Group, and includes partner Erica Moscarello and associates Louie Gaudio and Matthew Stern. Partners Alex Ruiz and Kevin Hall and associate Emily Mussio advised on tax matters.
The Investment Funds Group at McDermott is a global leader in representing investment fund sponsors and institutional investors and provides sophisticated counsel to its clients across the full spectrum of investment fund issues and transactions. The Investment Funds Group is embedded in McDermott’s global private equity practice with attorneys who serve as lead counsel to institutional investment funds and investors through their full lifecycle.
Read Lorient’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—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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Partner Ian Levin Named Chair of the Emory University School of Law Advisory Board
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McDermott Advises DIC Asset on Acquisition of ‘Bonnanova’ Office Property
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises DIC Asset on Acquisition of ‘Bonnanova’ Office Property
September 30, 2021
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Frankfurt a.M., September 30, 2021 – McDermott Will & Emery has advised DIC Asset AG on the acquisition of ‘Bonnanova’. The property complements the open-ended special fund “GEG Public Infrastructure II”. The transfer of the property is planned for the turn of the year.
The established office building Bonnanova is located at Godesberger Allee 83-91 in Bonn’s federal district. The property has around 18,600 m² and is fully leased to the public sector via the Bundesanstalt für Immobilienaufgaben (BImA). The office building is currently undergoing extensive modernization. The total investment costs are around 95.2 million euros.
The McDermott Team was led by Thomas Beisken in Düsseldorf (Real Estate), supported by Kian Tauser (Tax, Frankfurt), Alexa Ningelgen (Public Law), Christian Krohs (Antitrust) and Marcus Fischer (Tax, Frankfurt). Philipp Hammes, Alina Affeld (both Real Estate), Florian Schiefer (Tax), Claudia Benz (Corporate, both Frankfurt), Elif Üzümovlia (Public Law), Carina Kant (Antitrust)
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 Advises Alcentra On The Refinancing Of Brainlabs
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Alcentra On The Refinancing Of Brainlabs
September 30, 2021
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McDermott Will & Emery advised Alcentra on the refinancing of Livingbridge Enterprise LLP’s portfolio company Brainlabs including advising Alcentra on the acquisition financing to support a bolt-on acquisition by Brainlabs of the Canadian company MediaNet Inc.
Brainlabs is one of the fastest growing digital marketing agencies globally. MediaNet is a programmatic agency predominantly based in Canada and North America.
Founded in 2002, Alcentra is one of Europe’s largest and longest tenured managers of private debt with over $40bn of assets under management (including accounts managed by Alcentra NY, LLC, Alcentra Limited and assets managed by Alcentra personnel for affiliates under dual officer arrangements). Strategies include senior loans, high yield bonds, direct lending, structured credit, distressed debt and multi-strategy credit. Alcentra has grown its European Direct Lending business to c.$11 billion AUM over the past six years and its third vintage of funds represents c.€6 billion of investable capital.
The McDermott team was led by partner Mark Fine and supported by associates Nicholas Jupp and 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 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 Advises Consortium of Lenders on Financing for Acquisitions Including Allocate Software, A Leading International Provider Of Human Capital Management Solutions
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Consortium of Lenders on Financing for Acquisitions Including Allocate Software, A Leading International Provider Of Human Capital Management Solutions
September 29, 2021
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McDermott Will & Emery advised a consortium of lenders including Blue Owl, Golub Capital, Guggenheim Partners and Partners Group, as first and second lien lenders, on their provision for acquisition purposes, including the acquisition of Allocate Software.
Allocate Software is a leading international provider of Human Capital Management solutions, supporting the operational and administrative needs of health, care, defence and commercial sectors. Allocate Software is headquartered in the United Kingdom, with nearly 700 employees, including over 200 in research, development, and product management functions.
Blue Owl Capital is an alternative asset manager that provides investors access to direct lending and GP capital solutions strategies through a variety of vehicles.
Golub Capital is a credit asset manager based in the United States with over $40 billion of capital under management.
Guggenheim Partners is a global investment and advisory financial services firm that engages in investment banking, asset management, capital markets services, and insurance services.
Partners Group is a leading global private markets firm with USD 119 billion in assets under management, including USD 26 billion in private debt. The firm employs more than 1,500 professionals across 20 offices worldwide.
Commenting on the transaction, partner Aymen Mahmoud, said:
“We are thrilled to have worked with our clients and the sponsors on this matter to deliver a complex financing package across the capital structure. This transaction showcases the strength of the finance offering at McDermott involving a highly sought after target and a number of leading mid-market lenders.”
The McDermott team was led by partner Aymen Mahmoud and included partner Mark Fine with associates Giulia Venanzoni and Nicholas Jupp.
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 Comment | Caffe Nero CVA Challenge Trial Begins
PRESS RELEASE
McDermott Comment | Caffe Nero CVA Challenge Trial Begins
September 29, 2021
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Aymen Mahmoud, partner at law firm McDermott Will & Emery, said:
“The CVA is a compromise arrangement which is designed to bind minority creditors to an arrangement made with a majority and so it is likely that the courts will uphold the effect of a CVA absent material cause to do so. That the court examined the case with due attention as to whether the threshold for unwinding the CVA is an important test case and shows that the courts will consider CVA challenges on their merits but here we have an example where the threshold for overruling a CVA has not been met and that threshold is necessarily high. Notably, it is also clear that there was potential for investment in the Caffe Nero group around the time of the CVA and it is not known how much the existence of a CVA featured as a consideration for the investor and indeed whether the absence of a CVA would have reduced appetite for such investment.”
Mark Fennessy, partner at law firm McDermott Will & Emery, added:
“The Caffe Nero case is another setback for landlords seeking to challenge CVAs and restructuring plans following the decisions in New Look, Regis and Virgin Active. Landlords seeking to challenge CVAs on the basis of unfair prejudice or material irregularity need to carefully assess their options in the light of these decisions.”
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Sarah Chapin Columbia Named Go To Lawyer for Intellectual Property by Massachusetts Lawyers Weekly
AWARDS & RANKINGS / PRESS RELEASE
Sarah Chapin Columbia Named Go To Lawyer for Intellectual Property by Massachusetts Lawyers Weekly
September 28, 2021
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International law firm McDermott Will & Emery is pleased to share that Boston-based partner Sarah Chapin Columbia has been named a Go To Lawyer for Intellectual Property by Massachusetts Lawyers Weekly.
Over the last decade, Sarah has led more than a dozen patent infringement and invalidity trials across several jurisdictions, and she is one of very few patent litigators recognized as a Fellow in the American College of Trial Lawyers. Sarah previously served as head of McDermott’s global IP practice for more than 10 years.
You can read more about Sarah’s recognition in the special edition of Lawyers Weekly.
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 Receives Tax Impact Deal of the Year Recognition from International Tax Review
AWARDS & RANKINGS / PRESS RELEASE
McDermott Receives Tax Impact Deal of the Year Recognition from International Tax Review
September 24, 2021
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International law firm McDermott Will & Emery has been recognized with International Tax Review’s Tax Impact Deal of the Year award as part of the Americas Tax Awards. Led by partner Timothy Shuman, McDermott represented Coty in its announced disposition of a 60% stake in its professional beauty business to KKR.
The Firm was additionally shortlisted for US Tax Firm of the Year; Tax Compliance and Reporting Firm of the Year; North America Tax Firm of the Year; and Diversity & Inclusion Firm of the Year. On the D&I front, McDermott was noted for its Tax in the City® initiative – a forum for women tax professionals to connect and discuss technical tax issues in a collegial and confidential setting through roundtable study group events around the country.
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The Deal Names McDermott Energy & Industrials Law Firm of the Year
AWARDS & RANKINGS / PRESS RELEASE
The Deal Names McDermott Energy & Industrials Law Firm of the Year
September 24, 2021
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International law firm McDermott Will & Emery has been recognized as the Energy & Industrials Law Firm of the Year (Large Cap) as part of The Deal Awards 2021.
The Firm was highlighted for its work on behalf of The Sterling Group, an operationally focused private equity firm, and its portfolio company, Construction Supply Group, in connection with a combination transaction with the construction and industrial business of HD Supply Holdings Inc. (NASDAQ: HDS), known as White Cap. McDermott was also noted for its representation of Chevron Corporation as special tax counsel in its acquisition of Noble Energy.
In addition to receiving the Energy & Industrials Law Firm of the Year (Large Cap) recognition, the Firm was shortlisted in the Most Innovative (Large Cap) and Energy & Industrials – Deal (Large Cap) categories.
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 Represents Dutch Bros. Coffee Co-Founder in $550 Million IPO
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Dutch Bros. Coffee Co-Founder in $550 Million IPO
September 24, 2021
Read time: 3 min
International law firm McDermott Will & Emery represented Travis Boersma, the Co-Founder of Dutch Bros. Coffee (NYSE: BROS), an Oregon-based operator and franchisor of 470 drive-thru coffee shops located in 11 states, in its $550 million initial public offering (IPO). This is the largest ever IPO originating in Oregon.
- This IPO issued on September 15, 2021.
- Proceeds from the IPO were valued at approximately $556 million before underwriting discounts, commissions and other offering expenses.
- The McDermott team was led by Tom Conaghan and Neil Kawashima and included Lindsey Reighard, John Prinzivalli, Gary Karch, Lindsay Heyen, Michael Wilder and Polly Plimpton.
Dutch Bros. Coffee was founded in 1992 by brothers Dane and Travis Boersma who left their family’s dairy farm to start selling coffee out of pushcarts around Downtown Grants Pass. By 2018, the company had more than 400 coffee stands in Oregon, California, Washington, Idaho, Nevada, Colorado, New Mexico, Utah and Arizona. In 2020, Dutch Bros. Coffee expanded to the Southern US with locations opening in Oklahoma and Texas.
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.
