DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott advises sponsors on financing the acquisition of Hublo
August 18, 2025
Read time: 3 min
International law firm McDermott Will & Schulte advised Five Arrows Manager SAS (as sponsor) and Axis Arbor (as debt advisor) in connection with a financing made available by Morgan Stanley and McQuarie Group for the Sponsor’s acquisition of Hublo.
Hublo is a company focused on transforming healthcare by improving how human resources are managed within healthcare organizations. They offer a SaaS platform designed to help healthcare facilities recruit, manage, and retain staff, ultimately freeing up caregivers to focus on patient care. Founded in 2016, Hublo serves thousands of institutions and over a million caregivers across various sectors like public hospitals, private clinics, and social care.
Five Arrows is the investment arm of Rothschild & Co, its corporate private equity business focuses on investing in middle market companies across Europe and North America.
The cross-border from McDermott was led by partner and European head of finance Aymen Mahmoud and included counsel Giulia Venanzoni, both in London. Associate Clarisse de Roux also advised in Paris.
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
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McDermott Represents H.I.G. WhiteHorse in the close of $5.9 billion WhiteHorse Middle Market Lending Fund IV
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents H.I.G. WhiteHorse in the close of $5.9 billion WhiteHorse Middle Market Lending Fund IV
August 18, 2025
Read time: 3 min
International law firm McDermott Will & Schulte represented H.I.G. WhiteHorse, the direct lending credit affiliate of H.I.G. Capital (H.I.G.), a leading global alternative asset management firm with $70 billion of capital under management, in the formation of H.I.G. WhiteHorse Middle Market Lending Fund IV (Fund IV). Fund IV closed with $5.9 billion* of assets and continues H.I.G.’s strategy of originating senior secured loans across the U.S. middle market.
The McDermott team was led by partner Ian Schwartz and included partner Erica Moscarello and associates Matthew Stern, Lauren Dehasque, Jonathan Chasin, Cheng-Hau Kee, and Brett Podell. Partner Kevin Hall and associate Anthony Teng advised on tax matters. Partner Todd Solomon advised on ERISA matters.
* Reflects total investable assets, including equity commitments in related vehicles and expected leverage.
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 investment funds and institutional investors through their full lifecycle.
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
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McDermott represents Lee Equity and Solaris Health in the sale of Solaris Health to Cardinal Health’s MSO, The Specialty Alliance
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott represents Lee Equity and Solaris Health in the sale of Solaris Health to Cardinal Health’s MSO, The Specialty Alliance
August 14, 2025
Read time: 3 min
International law firm McDermott Will & Schulte represented Lee Equity Partners and Solaris Health in the sale of Solaris Health to Cardinal Health’s (NYSE:CAH) multi-specialty management services organization (MSO) platform, The Specialty Alliance.
The acquisition of Solaris Health, the country’s leading urology MSO, adds over 750 providers to The Specialty Alliance and bolsters the platform’s leadership in the urology therapeutic area. At the transaction’s close, Cardinal Health MSO platforms will reach ~3,000 providers in 32 states.
The McDermott team was led by Joel Rush, Michael Hacker, Alexander Clavero, and Joseph Parise, with invaluable assistance from Jerry Sokol, Jacob Weissman, Liz Hattrup, Nicole Waitzman, Elaine Kao, Jenna Young, Jonathan Hague, Nicolas Alarif, Rachel Byrd, Alivia Combe-DuQuet, Eric Carstens, Kiana Lozzi, Kevin Hall, Jamie Gelfman, Mary Waller, Andrew Granek, Nick Paul, Graham Hyman, Myriem Bennani, Lauren Salas Mationg, Kate Williams, Abygail Hoey, Allison Wilkerson, Ty Carson, and Brian Mead.
The transaction is expected to close by the end of calendar year 2025, subject to required physician and regulatory approvals.
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
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McDermott Advises Barings On Financing Of Zenchef And CoverManager
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Barings On Financing Of Zenchef And CoverManager
August 11, 2025
Read time: 3 min
International law firm McDermott Will & Schulte advised Barings in connection with its financing of Zenchef and CoverManager, two providers of digital solutions for restaurants who have joined forces to create a leading European restaurant revenue management platform.
Zenchef, launched in 2011 in France and backed by PSG since 2022, delivers a comprehensive software suite for the restaurant industry, covering online reservations, venue operations, marketing automation, and payment processing. The platform has a strong presence across Europe, with leading positions in France, Belgium, and the Netherlands.
Founded in 2015, CoverManager is headquartered in Spain and offers digital solutions for reservations and guest management. Its services extend beyond restaurants to include nightclubs and beach clubs, with a footprint spanning Europe and Latin America.
The strategic combination has resulted in a leading platform serving a network of more than 36,000 restaurants in over 20 countries, and handling more than 650 million guest experiences each year.
Barings is a $456+ billion global asset management firm (1) that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.
The McDermott team was led by partner and European head of finance, Aymen Mahmoud and included counsel Giulia Venanzoni, with senior associate Christopher Smith and associates Bethany Drayton and Jonathan Bryant.
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
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McDermott secures jury verdict for Kaiser Aluminum
PRESS RELEASE
McDermott secures jury verdict for Kaiser Aluminum
August 11, 2025
Read time: 4 min
A team from international law firm McDermott Will & Schulte secured a jury verdict on behalf of Kaiser Aluminum Warrick, LLC (Kaiser) in a trial against US Magnesium, LLC (US Magnesium) in the United States District Court for the Southern District of New York.
On Friday, July 25, the jury returned a verdict for Kaiser, rejecting US Magnesium’s defenses that it was relieved of its obligation to supply Kaiser with magnesium based on purported catastrophic equipment failures and the purported inability to make repairs due to alleged COVID-related supply chain issues. As a result, as per a judgment entered by the Court on August 8, US Magnesium is required to reimburse Kaiser for the approximately $55 million in higher magnesium costs that Kaiser had to pay other magnesium suppliers because of US Magnesium’s failure to meet its supply obligations to Kaiser plus approximately $12.9 million in pre-judgment interest.
“We are pleased with the jury’s verdict in this case, and gratified that they swiftly rejected US Magnesium’s defenses,” said Andrew Kratenstein, New York co-lead of McDermott’s Litigation Practice Group, who led the case. “We look forward to continuing to support Kaiser moving forward as it seeks to enforce the judgment that we obtained.”
In addition to Kratenstein, McDermott’s team included partners Monica Asher and Timothy Cramton and associates Sindi Cela and Jessica Wisniewski who worked together with co-counsel Tre Fischer at Jackson Walker LLP.
Kaiser is an indirect, wholly owned subsidiary of Kaiser Aluminum Corporation, a leading producer of aluminum products used in the food and beverage packaging industry.
This judgment was rendered in Kaiser Aluminum Warrick, LLC v. US Magnesium LLC (No. 22-cv-03105, S.D.N.Y.).
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
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McDermott represents Declaration Partners in its acquisition of a majority stake in CP Group
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott represents Declaration Partners in its acquisition of a majority stake in CP Group
August 11, 2025
Read time: 3 min
International law firm McDermott Will & Schulte represented Declaration Partners (Declaration), a private investment firm, in its acquisition of a majority stake in CP Group, a leading designer, manufacturer, and integrator of advanced material recovery facilities and sorting technologies.
CP Group is a platform for growth, with both organic growth drivers and potential add-on acquisition opportunities for Declaration.
The cross-border McDermott team was led by Tom Conaghan and Nate Wolfe, with substantial assistance from Michael Kim, and Amber Bolden.
Anh Lee led the acquisition financing, with the assistance of Matt Celentano, Josh Stein, Sam Scaletta, Mattison Johnston, and Aileen Requejado.
Kate Vera Coverdale and Aly Francini led on executive compensation and management incentive matters.
Mark Bilut provided valuable assistance on environmental matters, and Patrick Ryan and Dan O’Neil led the charge on employee benefits issues. Caitlin Drott, Laurie Baddon, Kelly Holloway, and Joan-Elise Carpentier handled the labor, employment, and immigration matters. Hudson Todd provided support on tax matters.
Jennifer Mikulina, Nickou Oskoui, and James Oehler provided invaluable support on intellectual property matters, and Stephanie Stein led the real estate workstream. Allison Scher Bernbach provided invaluable investment advisor regulatory advice.
Additional support was provided by Tommy McGee, Emmy Clode, Max Kuttner, and Galen Spielman.
Kate Vera Coverdale is the relationship partner for Declaration Partners.
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
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McDermott’s intellectual property practice recognized in Managing IP’s IP Stars 2025
AWARDS & RANKINGS / PRESS RELEASE
McDermott’s intellectual property practice recognized in Managing IP’s IP Stars 2025
August 8, 2025
Read time: 4 min
August 8, 2025 – International law firm McDermott Will & Schulte intellectual property practice has been recognized in Managing IP‘s IP STARS 2025 for its outstanding work in patent and trademark disputes, prosecution, and International Trade Commission (ITC) litigation. The Firm achieved strong rankings nationwide and in key jurisdictions globally, including California, the District of Columbia, France, Germany, Illinois, and Massachusetts.
Seventeen lawyers were also named IP Stars, a recognition given to those highly regarded by their peers and clients in patent and trademark law.
National Rankings:
- Patent disputes – Tier 3
- Trade mark prosecution – Tier 3
- ITC litigation – Tier 3
Other Rankings:
- California – Recommended in Trade mark prosecution, Patent disputes, and Trademark disputes.
- District of Columbia – Recommended in Patent disputes, Patent prosecution and Trademark disputes
- Illinois – Recommended in Trade mark
- Massachusetts – Recommended in Patent disputes
- Germany – Other Notable Firms in Patent disputes – law firms
Lawyers Recognized as IP STARS:
- Sarah Bro –Trade mark star and Copyright star (NEW)
- Doug Carsten – Patent star (NEW)
- Frédéric Chevallier – Patent star (NEW)
- Sarah Chapin Columbia – Patent star
- Art Dykhuis – Rising Star
- Syed Fareed – Patent star
- William Gaede – Patent star
- Henrik Holzapfel – Notable practitioner
- Charles Larsen – Patent star
- Christina Martini – Trade mark star
- Kevin Meek – Patent star
- Jennifer Mikulina – Trade mark star
- Judy Mohr – Patent star
- Shane Nichols – Patent star
- Bhanu Sadasivan – Patent star
- Margaret Sampson – Patent star and Transactions star
- Ahsan Shaikh – Patent star
- Thomas Steindler – Patent star
View our full ranking results.
ABOUT MANAGING IP’s IP STARS
Founded in 1990, Managing IP is the leading source of news and analysis on all IP developments worldwide. The IP Stars survey covers more than 80 countries, and the rankings are based on extensive research among IP practitioners. The tables rank firms in tiers or as highly recommended or recommended in each market based on the feedback received.
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,400+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
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McDermott Advises Oaktree On $125 Million Term Loan Facility To Oxford Biomedica
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Oaktree On $125 Million Term Loan Facility To Oxford Biomedica
August 7, 2025
Read time: 3 min
McDermott Will & Schulte advised funds managed by Oaktree Capital Management, L.P. (“Oaktree”) in connection with a new four-year term loan facility of up to $125 million provided to OXB (LSE: OXB), a leading cell and gene therapy contract development and manufacturing organization (CDMO).
The facility includes $60 million in initial funding, the majority of which was used to refinance OXB’s existing $50 million loan facility with Oaktree. The agreement also provides for an additional $25 million available to support future business needs, and a further $40 million contingent on the achievement of certain revenue milestones.
OXB is a UK-headquartered, global quality and innovation-led CDMO dedicated to advancing cell and gene therapy through the development and manufacture of viral vector solutions. OXB has a strategic footprint with state-of-the-art facilities in the UK, the US and France with end-to-end capabilities across all development phases, from construct and plasmid design through to commercial-scale GMP manufacturing.
Oaktree is a leading provider of debt and royalty financing for the global life sciences industry. Since 2020, funds managed by Oaktree have committed over $5 billion across 41 investments for companies across the healthcare spectrum.
The McDermott team was led by Aymen Mahmoud, London-based partner and European Head of Finance, and Riley Orloff, partner in New York, with support from Christopher Smith, senior associate in London.
This transaction underscores McDermott’s cross-border capabilities in advising on complex financing arrangements in the life sciences sector.
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
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McDermott represents Vouch Inc. in the sale of its specialist Insurtech business to the Hiscox Group
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott represents Vouch Inc. in the sale of its specialist Insurtech business to the Hiscox Group
August 6, 2025
Read time: 3 min
International law firm McDermott Will & Schulte represented Vouch Inc. (Vouch), in the sale of its specialist insurtech business to Hiscox Group, the Bermuda based and London Stock Exchange listed (LSE:HSX) global specialist insurer. In the transaction, Hiscox is set to acquire Corix Insurance Services, LLC, Vouch’s technology-enabled MGA and Vouch Insurance Company, an Illinois-domiciled stock insurance company. The transaction is subject to customary closing conditions and regulatory approvals.
Hiscox is accelerating its growth through this strategic acquisition that enhances its broker platform with cutting-edge technology. As part of the deal, Vouch will remain independent and will focus on risk management for tech-forward industries, while partnering with Hiscox in a multi-year distribution agreement.
The McDermott team was led by Michael Halsband with invaluable assistance from Chris Stacker and Katie Yonover, and included Mike Byrne, John Lutz, Andrew Granek, Wondha Cadet, Nickou Oskoui, Heidi Steele, Jeffrey Holdvogt, Scott Kenkel, Brian Mead, David Saunders, Sarah Bro, Brad Cohen, Alivia DuQuet, Yuxin Jin, Alexa Sakni, and Alexis Biegen.
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
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McDermott adds cross-border asset recovery partner in San Diego
PRESS RELEASE
McDermott adds cross-border asset recovery partner in San Diego
August 6, 2025
Read time: 3 min
McDermott Will & Schulte is pleased to announce Daniel (Dan) Pascucci has joined the firm as a partner in the Litigation Practice Group, based in San Diego. Dan joins from Mintz, where he served as Co-Chair of the Cross-Border Asset Recovery practice and brings experience in complex cross-border asset recovery, fraud investigations, and high-stakes litigation.
Dan represents clients in international judgment enforcement, fraud recovery, and asset tracing matters, often involving litigation funders and multinational stakeholders. He performs asset recovery from prominent US and international tax shelters in the world’s most complex multinational fraud schemes. Additionally, Dan is well versed in alternative dispute resolution strategies, having successfully handled dozens of high-stakes arbitrations under both domestic and international rules.
“Dan is a standout litigator whose cross-border enforcement and fraud recovery experience will be a tremendous benefit to our clients,” said Josh Simon, Global Head of McDermott’s Litigation Practice Group. “His practice aligns seamlessly with our strengths in bankruptcy, cryptocurrency, and international arbitration, as well as global privacy and tax matters. Dan is joining at an ideal time, as we’ve just combined with Schulte Roth & Zabel and are continuing to build a world-class litigation platform.”
In addition to asset and fraud recovery, Dan supports clients across a range of industries in false advertising, unfair competition, RICO, and fraud disputes. He frequently performs investment diligence and asset recovery for litigation investment funds.
“McDermott’s global reach, collaborative culture, and commitment to innovation make it the ideal place to grow my practice,” Dan said. “I’m eager to deliver first-rate client service on the new McDermott Will & Schulte platform.”
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
