Newsroom Categories: Press release

  • McDermott Represents Merck GHI in its Investment in M2GEN

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Merck GHI in its Investment in M2GEN

    March 23, 2021

    Read time: 3 min

    International law firm McDermott Will & Emery represented Merck Global Health Innovation Fund (Merck GHI), a corporate healthcare venture capital fund, in its investment to recapitalize M2GEN, a leading oncology data and informatics platform focused on transforming cancer care. Clayton, Dubilier & Rice (CD&R) served as the lead investor alongside Merck GHI and McKesson Ventures. The financial terms of the transaction were not disclosed.

    • The transaction closed on March 17, 2021.
    • Todd Finger of McDermott Will & Emery acted as legal advisor to Merck GHI.
    • Green Shoots Consulting, LLC served as advisor to Merck GHI.
    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—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.

    Todd Finger

    Partner

    New York – One Vanderbilt Avenue

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  • McDermott Advises Friedrich Vorwerk Group SE on its IPO and listing on the Frankfurt Stock Exchange

    McDermott Advises Friedrich Vorwerk Group SE on its IPO and listing on the Frankfurt Stock Exchange

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises Friedrich Vorwerk Group SE on its IPO and listing on the Frankfurt Stock Exchange

    March 23, 2021

    Read time: 3 min

    Frankfurt, March 23, 2021 – McDermott Will & Emery advises Friedrich Vorwerk Group SE as issuer counsel in connection with its initial public offering and listing on the Regulated Market of the Frankfurt Stock Exchange.

    A total of 9.2 million shares were placed at a price of €45 per share. The offering comprised 2.0 million new shares from a capital increase and 7.2 million from the holdings of existing shareholders MBB SE and ALX Beteiligungsgesellschaft mbH, including an over-allotment facility of 1.2 million. The total placement volume thus amounts to €414 million. The first trading day on the Regulated Market of the Frankfurt Stock Exchange is expected to be March 25, 2021.

    Friedrich Vorwerk is a leading fully integrated solution provider for critical on-shore energy transportation and transformation infrastructure for the natural gas, electricity and hydrogen markets. Friedrich Vorwerk plans to use the expected primary gross proceeds of €90 million of the offering to significantly expand its business over the next few years, particularly in the electricity and clean hydrogen markets.

    McDermott has a long-standing client relationship with the medium-sized, family-run business MBB SE, having already advised MBB´s subsidiary Aumann AG on its IPO on the Frankfurt Stock Exchange in 2017.

    The team advising Friedrich Vorwerk Group SE is led by Frankfurt partners Simon Weiß and Joseph W. Marx (both Capital Markets) and included partner Philipp Grenzebach (Corporate – Dusseldorf), senior counsel Edwin C. Laurenson (Capital Markets – San Francisco, New York) as well as associates Isabelle Müller (Corporate – Frankfurt), Elena Platte (Corporate – Frankfurt), Christoph Schäfer (Corporate – Frankfurt) and Tom Schäfer (Corporate – Düsseldorf).

    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 — 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. Philipp Grenzebach

    Partner

    Düsseldorf, Frankfurt

    Isabelle Suzanne Gvero

    Counsel

    Frankfurt

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  • McDermott Advises on Financing the Acquisition by Texthelp of The Lingit Group, a Global Leader in Cloud-Based Assistive Technology and Learning Analytics for Education

    McDermott Advises on Financing the Acquisition by Texthelp of The Lingit Group, a Global Leader in Cloud-Based Assistive Technology and Learning Analytics for Education

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises on Financing the Acquisition by Texthelp of The Lingit Group, a Global Leader in Cloud-Based Assistive Technology and Learning Analytics for Education

    March 23, 2021

    Read time: 3 min

    McDermott Will & Emery advised the lenders on financing the acquisition of The Lingit Group, a leading educational software company, by Texthelp, an existing portfolio group of Five Arrows Principal Investments. Texthelp and Lingit will work together to bring tools to students in more countries, making an impact on even more people’s lives.

    The Lingit Group develops and provides assistive technology to individuals with reading and writing disabilities. The Lingit Group is the largest European provider within this area and provides products both through partners and its own presence in the Nordic and West-European regions.

    Founded in 1996, Texthelp has established itself as the global pioneer and leader in cloud-based assistive technology and learning analytics for the education and corporate sectors. The company has supported 30 million students and employees worldwide with reading, writing, and numeracy as well as productivity challenges, including those with dyslexia or working in a second language. Current customers include some of the largest school districts in North America and Australia, schools and businesses across the UK and the Middle East as well as Government and Fortune 500 organizations.

    Five Arrows Principal Investments is the private equity arm of Rothschild & Co that focuses on investing in lower-middle market companies in Western Europe.

    This transaction follows McDermott advising on the financing of Five Arrows’ acquisition of Texthelp earlier this year.

    The McDermott team was led by finance partner Aymen Mahmoud, supported by associate Nicholas Jupp and trainee Ryan Clarke.

    Debt advisors, Axis Arbor Partners advised Five Arrows Principal Investments.

    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—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.

    Aymen Mahmoud

    Partner

    London – 22 Bishopsgate

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  • McDermott advises Ampersand on investment in BioEcho Life Sciences

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott advises Ampersand on investment in BioEcho Life Sciences

    March 23, 2021

    Read time: 3 min

    Frankfurt a.M., March 23, 2021 – McDermott Will & Emery advised Ampersand Capital Partners on the acquisition of a minority stake in BioEcho Life Sciences GmbH.

    BioEcho Life Sciences GmbH, founded in 2016 in Cologne, Germany, develops and markets nucleic acid purification solutions for molecular diagnostics and life science research. The company’s CE-marked viral RNA extraction kit recently played a critical role in simplifying the evaluation of SARS-CoV-2 testing in Europe.

    Founded in 1988, U.S. private equity investor Ampersand Capital Partners specializes in growth investments in the healthcare and life sciences sectors. With offices in Boston and Amsterdam, Ampersand currently manages more than $2 billion in assets.

    McDermott regularly advises Ampersand. Led by Frankfurt partner Michael Cziesla, the transaction once again documents McDermott`s special expertise in the healthcare sector. BioEcho Life Sciences GmbH and its shareholders were advised by Hamburg-based corporate boutique Pier11.

    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. Christian Marzlin

    Partner

    Frankfurt

    Florian Lechner

    Partner

    Frankfurt

    Kristian A. Werling

    Partner

    Chicago

    Dr. Heiko Kermer

    Partner

    Frankfurt

    Michael J. Bruno

    Partner

    Miami

    Alejandro Ruiz

    Partner

    San Francisco

    Christian Krohs, LL.M. (Aberdeen)

    Partner

    Düsseldorf, Cologne

    Isabelle Suzanne Gvero

    Counsel

    Frankfurt

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  • Schulte Stands with the Asian Community

    Schulte Stands with the Asian Community

    PRESS RELEASE

    Schulte Stands with the Asian Community

    March 2021

    Read time: 2 min

    Schulte has joined the National Asian Pacific American Bar Association (NAPABA) and members of the legal and business communities to denounce anti-Asian hate, violence and racism. The rise in anti-Asian attacks is unacceptable. Xenophobia, hate crimes and racist violence have no place in our society. We stand in solidarity with our colleagues who are members of Asian and Asian-American communities and with those communities at large. We unequivocally condemn racism and violence. Sadly, there is much progress to be made. Schulte has always advocated for justice and equality and we will continue the fight against all forms of discrimination.

    About Us
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  • McDermott Expands Global Litigation Capabilities to Help Clients Tackle Increasing Business Intricacies

    McDermott Expands Global Litigation Capabilities to Help Clients Tackle Increasing Business Intricacies

    PRESS RELEASE

    McDermott Expands Global Litigation Capabilities to Help Clients Tackle Increasing Business Intricacies

    March 18, 2021

    Read time: 5 min

    International law firm McDermott Will & Emery is pleased to announce the arrival of litigation partners Julian André (Los Angeles) and Nathan Bull (New York). Their collective experience strengthens the Firm’s already sought-after capabilities in commercial, white-collar and securities litigation.

    “We are pleased to add Nathan and welcome back Julian to our rapidly diversifying and growing litigation practice. They each bring the experience, skillset and legal prowess required to help clients overcome their most pressing legal challenges,” David Rosenbloom, global head of McDermott’s Litigation Practice Group, said. “Julian and Nathan have the kind of skills and judgment that are instrumental in helping clients resolve disputes quickly and effectively, and ultimately to partner with clients to achieve the business objectives that propel their success.”

    Julian began his legal career at McDermott, first as an associate and later as a partner in the Litigation group. He returns to the Firm after spending six years at the US Attorney’s Office for the Central District of California, where he handled high-profile white-collar criminal and fraud cases.

    “I rejoined McDermott to deliver the highest level of service to clients facing criminal or civil government enforcement actions and investigations,” Julian said. “I will also have the pleasure of working alongside an incredible roster of trial lawyers, many whom I have known since being a summer associate 15 years ago. Returning to private practice at McDermott feels like coming home.”

    Julian will advise clients in government prosecutions, enforcement actions and investigations, and civil litigation in state, federal and appellate courts. He is an experienced trial lawyer and appellate advocate. While at the US Attorney’s Office, Julian investigated and prosecuted complex financial crimes including securities fraud, healthcare fraud, bank fraud, education fraud, Coronavirus Aid, Relief and Economic Security (CARES) Act fraud, bankruptcy fraud, import/export crimes, tax evasion and money laundering. Julian also served as the office’s securities fraud coordinator and led its Education Fraud Task Force. During his prior time at McDermott, he represented clients in intellectual property and patent cases, False Claims Act investigations, class actions and securities litigation matters.

    “I am thrilled to join McDermott,” Nathan said. “It is a privilege to be part of a team of outstanding litigators helping to resolve the increasingly sophisticated issues faced by our clients, including many important organizations fueling today’s economy.”

    Nathan’s practice focuses on complex securities and commercial litigation in state and federal courts throughout the United States, with an emphasis on corporate control contests, shareholder class actions and derivative suits, as well as matters involving complex financial instruments.

    Nathan regularly advises clients on high-profile matters regarding mergers and acquisitions, securities laws, corporate governance, activism and complex contractual disputes. He also has extensive experience in a variety of regulatory and enforcement matters before various federal and state entities and regulatory bodies, including with respect to insider trading and market manipulation investigations.

    Nathan joins McDermott after more than 16 years at Cadwalader, Wickersham & Taft LLP, where he was a partner in its Global Litigation Group.

    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—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.

    Julian L. André

    Partner

    Los Angeles

    Nathan Bull

    Partner

    Miami, New York – One Vanderbilt Avenue

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  • McDermott Advises Art-Invest on the Acquisition of the Office Property Abraham-Lincoln-Park 1 in Wiesbaden

    McDermott Advises Art-Invest on the Acquisition of the Office Property Abraham-Lincoln-Park 1 in Wiesbaden

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises Art-Invest on the Acquisition of the Office Property Abraham-Lincoln-Park 1 in Wiesbaden

    March 16, 2021

    Read time: 3 min

    Düsseldorf/Frankfurt, March 16, 2021 – McDermott Will & Emery advised Art-Invest Real Estate on the acquisition of an office property in Wiesbaden, Germany. Art-Invest acquired the property “Abraham-Lincoln-Park 1” on behalf of a managed fund.

    The office property, built in 2002, has a lettable area of around 27,000 sqm and is mostly let to R+V Versicherung.

    Art-Invest Real Estate is a long-term oriented investor, asset manager and developer of real estate, headquartered in Cologne, whose investments span the entire return and risk spectrum in the office, retail, hotel, residential and data center sectors. With assets under management of around €7 billion, Art-Invest Real Estate is now one of the largest office and hotel project developers in Germany.

    McDermott has already advised Art-Invest Real Estate on various real estate transactions in the recent past, e.g. on the sales of “Fürst & Friedrich” in Düsseldorf, “Kaiserhof” in Cologne and “Neuer Kanzlerplatz” building complex in Bonn.

    The McDermott team advising Art-Invest Real Estate was led by Jens Ortmanns and Maximilian Clostermeyer, and included Kian Tauser, Frank Müller, Dustin Schwerdtfeger, Alexa Ningelgen as well as associates Elena Platte, Tina Zeller, Florian Schiefer and Claudia Benz.

    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 — 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. Jens Ortmanns

    Partner

    Düsseldorf, Cologne

    Dr. Kian Tauser

    Partner

    Frankfurt

    Frank Müller

    Partner

    Frankfurt

    Dustin Schwerdtfeger

    Partner

    Düsseldorf

    Dr. Alexa Ningelgen

    Partner

    Düsseldorf

    Tina Happ

    Associate

    Frankfurt

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  • McDermott Represents Wellspring Capital Management in its Acquisition of HealthPro Heritage

    McDermott Represents Wellspring Capital Management in its Acquisition of HealthPro Heritage

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Wellspring Capital Management in its Acquisition of HealthPro Heritage

    March 17, 2021

    Read time: 3 min

    International law firm McDermott Will & Emery represented Wellspring Capital Management LLC, a New York-based private equity firm, in connection with its acquisition of HealthPro Heritage, a leading provider of outsourced and managed rehabilitation therapy services to skilled nursing facilities, assisted living communities, continuing care retirement communities and home nursing agencies. This transaction was completed on March 9, 2021.

    McDermott has represented Wellspring in connection with its acquisitions of Cadence Petroleum Group, Paragon Films, Lucky Strike Entertainment, and Center for Diagnostic Imaging. McDermott also represented Wellspring Capital Management in the sale of its portfolio company Help at Home. Most recently, McDermott represented Wellspring’s portfolio company Center for Diagnostic Imaging in its acquisition of Smart Choice MRI and U.S. MRI.

    The McDermott corporate team was led by Frank Steinherr, Jarrett Szczesny and Ana Koff and included a health team led by Monica Wallace, Roy Larson and Daniel Zucker; with additional support from Jennifer Mikulina, Heidi Steele, Ben Curtis, Michelle Strowhiro, Scott Regan, Amanda Enyeart, Vanessa Barmack, Greg Heltzer, Ryan Smethurst, Daphne Trotter, Eleanor Atkins, Evelyn Atwater, Emma Chapman, Matt Evola, Gregory Fosheim, M. Brian Hall, Kevin May, Leigh Ratino, Caroline Reigart, Cody Ruegger, Marjorie Soto, Rick Stepanovic, Jordan Wampler, Li Wang and Jessica Hirshon.

    The McDermott finance team was led by Anh Lee and included Usama Ibrahim, Rohit Sengupta and Atoosa Nowrouzi.

    McDermott Will & Emery has over 100 private equity lawyers and was recently ranked by Pitchbook in its 2020 league tables as #3 in PE in the US and #5 in PE globally.

    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—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.

    Frank P. Steinherr

    Partner

    New York – One Vanderbilt Avenue

    Jarrett Szczesny

    Partner

    Chicago

    Ana A. Hubert

    Partner

    New York – One Vanderbilt Avenue

    Monica Wallace

    Partner

    Chicago

    Heidi J. Steele

    Partner

    Chicago

    Benton Curtis

    Partner

    Miami

    Amanda Enyeart

    Partner

    Chicago

    Gregory E. Heltzer

    Partner

    Washington, DC

    Ryan S. Smethurst

    Partner

    Washington, DC

    Eleanor B. Atkins

    Partner

    Washington, DC

    M. Brian Hall ,IV

    Partner

    Washington, DC

    Caroline Reignley

    Partner

    Washington, DC

    Anh B. Lee

    Partner

    Chicago

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  • McDermott Advises Gimv and CSP on their Growth Investment in Digital Learning Platform sofatutor

    McDermott Advises Gimv and CSP on their Growth Investment in Digital Learning Platform sofatutor

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises Gimv and CSP on their Growth Investment in Digital Learning Platform sofatutor

    March 17, 2021

    Read time: 3 min

    Munich/Frankfurt, March 17, 2021 – McDermott Will & Emery has advised private equity investors Gimv and CSP as members of a consortium led by EMERAM Capital Partners on their growth investment in the digital company sofatutor.

    Counting more than one million customers, sofatutor operates the largest digital learning platform in German-speaking countries for grades 1 to 12.

    Gimv is a European investment company and listed at the Brussels Euronext. Gimv manages a portfolio of more than 50 investments realizing an overall turnover of more than €2.5 billion.

    CSP investment S. à r.l. is a European investment manager, providing lending solutions to European small- and midsized companies. Based in Luxembourg, CSP is focusing on long term debt, subordinated debt, mezzanine debt, silent participations and minority equity.

    Advisor Gimv:
    McDermott Will & Emery, Munich: Dr. Nikolaus von Jacobs, Dr. Germar Enders (Counsel; Private Equity/M&A), Daniel von Brevern (Antitrust, Düsseldorf), Marcus Fischer (Counsel, Tax, Frankfurt), Christoph Coenen (Finance, Frankfurt); Andrea Stockhorst (Regulatory, Frankfurt)

    Advisor CSP lnvestment S.à r.l.:
    McDermott Will & Emery, Frankfurt: Dr. Oliver Hahnelt, LL.M., Dr. Nikolas Koutsós (Counsel; Finance), Dr. Michael Cziesla (Private Equity/M&A), Dr. Nina Siewert (Tax, Frankfurt); Associate: Isabelle Müller (Private Equity/M&A)

    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 — 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.

    Marcus Fischer

    Counsel

    Frankfurt

    Christoph Coenen

    Partner

    Frankfurt

    Isabelle Suzanne Gvero

    Counsel

    Frankfurt

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  • McDermott Comment | Virgin Active Secures Stay On Landlord Claim Pending UK Restructuring Plans

    McDermott Comment | Virgin Active Secures Stay On Landlord Claim Pending UK Restructuring Plans

    PRESS RELEASE

    McDermott Comment | Virgin Active Secures Stay On Landlord Claim Pending UK Restructuring Plans

    March 17, 2021

    Read time: 2 min

    Mark Fine, partner at law firm McDermott Will & Emery, said:

    “This decision from the High Court does not come as a great surprise and is in line with the modernisation of the UK’s legislative regime around insolvency and governance which seeks to provide stability and work in tandem with public policy to protect companies as a going concern. Cooperation of all stakeholders is seen as crucial in order to see some businesses come through difficult times and decisions, such as extending the temporary ban on commercial landlords issuing statutory demands and winding up petitions against commercial tenants who have not paid their rent during the pandemic, back-up this sentiment.”

    About Us

    Mark Fine

    Partner

    London – 22 Bishopsgate

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