Newsroom Categories: Press release

  • McDermott Advises NORD Holding on the sale of  its majority stake in OHRWERK

    McDermott Advises NORD Holding on the sale of its majority stake in OHRWERK

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises NORD Holding on the sale of its majority stake in OHRWERK

    Januar 24, 2025

    Read time: 3 min

    Munich, January 24, 2025 – With a team led by Holger Ebersberger and Hanno Witt McDermott Will & Emery has advised NORD Holding on the sale of their majority stake in the OHRWERK Group to Demant A/S, a world-leading hearing healthcare group.

    The OHRWERK Group was established in September 2020 by NORD Holding together with an experienced management team as a buy-and-build platform in the premium hearing acoustics market. Following the acquisition of the platform, the group expanded through a total of 17 acquisitions and several new openings to become one of the leading independent operators, now with 77 specialist stores across Germany.

    NORD Holding is a private equity and asset management company with assets under management of around EUR 4 billion. The focus of NORD Holding’s direct business is on the structuring and financing of corporate succession models, the acquisition of parts of groups/subsidiaries and the expansion financing of medium-sized companies. The fund investment division focuses on the micro and small cap segment of medium-sized European private equity funds.

    The McDermott team was led by partners Holger Ebersberger and Hanno Witt, and comprised partners Jana Grieb and Florian Schiefer, counsel Alexandra Prato and Laura Stammwitz as well as associates Nicole Kaps, Parsin Walsi, Lea Hachmeister and Lea Hauser.

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  • McDermott Advises NORD/LB on the Financing of the Merger of mps and MACH

    McDermott Advises NORD/LB on the Financing of the Merger of mps and MACH

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises NORD/LB on the Financing of the Merger of mps and MACH

    January 23, 2025

    Read time: 3 min

    Munich, January 23, 2025 – McDermott Will & Emery has advised NORD/LB on the financing of the merger of the German software providers mps public solutions (mps) and MACH Group. Both companies are part of the portfolio of the investment firm Main Capital, which will retain a majority stake in the merged entity.

    The merger will create a German powerhouse for financial management software for the (semi-)public sector under the MACH brand.

    mps founded in 1978, is a leading provider of software for public administration. Its core business is the development of financial management software in the municipal market.

    The MACH Group supports federal and state administrations, foundations, local authorities, churches and charities as well as colleges and universities with its range of software.

    The NORD/LB is one of the leading German commercial banks. As a public-law institution, it is part of the S-Finanzgruppe.

    McDermott had previously advised NORD/LB on financing Main Capital’s acquisition of mps.

    The McDermott team was led by partners Ludwig Zesch and Matthias Weissinger and comprised partner Steffen Woitz as well as associate Lorenz Schwojer.

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  • McDermott Represents Fulcrum Equity Partners in its Joint Investment in Pediatric Plus Partners

    McDermott Represents Fulcrum Equity Partners in its Joint Investment in Pediatric Plus Partners

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Fulcrum Equity Partners in its Joint Investment in Pediatric Plus Partners

    January 22, 2025

    Read time: 3 min

    International law firm McDermott Will & Emery represented Fulcrum Equity Partners (Fulcrum), an Atlanta-based growth equity firm that gives entrepreneurs capital and hands-on support, in an investment in Pediatrics Plus Partners (Pediatric Plus), a specialized pediatric healthcare provider. Fulcrum’s investment is in partnership with Leavitt Equity Partners and Western Governors University, working together as strategic investors to support the growth of Pediatric Plus.

    The McDermott team was led by Bernie Grondin and Chelsea Rogers with invaluable assistance from Nick Alarif.

    Read the announcement.

    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 solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

    Chelsea Rogers

    Partner

    Miami

    Nicholas F. Alarif

    Partner

    Washington, DC

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  • Schulte Advises Affiliate of Staple Street Capital in Acquisition of Jordan Health

    Schulte Advises Affiliate of Staple Street Capital in Acquisition of Jordan Health

    PRESS RELEASE

    Schulte Advises Affiliate of Staple Street Capital in Acquisition of Jordan Health

    January 22, 2025

    Read time: 3 min

    In a deal approved by the US Bankruptcy Court, Schulte Roth & Zabel advised AHS Acquisition Holdings, LLC (an affiliate of Staple Street Capital, a private equity firm focused on investing in middle market companies), in the $75 million acquisition of the assets of Jordan Health Products and its affiliates (a/k/a Avante Health).  

    Avante’s motion to authorize the sale to AHS Acquisition, the debtor’s stalking horse bidder and lender, was granted after a broad solicitation and marketing process, at the conclusion of which the AHS offer was deemed to be the highest and best offer Avante received. The approval to sell was followed by the negotiation and approval of a settlement agreement between Avante, its unsecured creditors committee and AHS. The settlement agreement resolved objections to the sale and AHS’s debtor-in-possession financing, and included terms providing for AHS to assume certain additional administrative claims. The going-concern sale, when completed, will preserve jobs for nearly 300 employees. 

    The Schulte team was led by the Business Reorganization Group headed by co-chair Adam Harris with partner David Karp, special counsel Neil Begley and associates Reuben Dizengoff and Matt Hamparyan. Partner Joe Reich (Tax), special counsel Ross Karlik (M&A) and Scott Kareff (Intellectual Property) and associate Julia Cummings (M&A) assisted on the transaction. 

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    Adam C. Harris

    Partner

    New York – 919 Third Avenue

    Reuben E. Dizengoff

    Partner

    New York – 919 Third Avenue

    Joseph Reich

    Partner

    New York – 919 Third Avenue

    Scott M. Kareff

    Special Counsel

    New York – 919 Third Avenue

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  • Schulte Advises MGG Investment Group on Generali Investments’ $320M Acquisition of Majority Stake

    Schulte Advises MGG Investment Group on Generali Investments’ $320M Acquisition of Majority Stake

    PRESS RELEASE

    Schulte Advises MGG Investment Group on Generali Investments’ $320M Acquisition of Majority Stake

    January 22, 2025

    Read time: 3 min

    Schulte Roth & Zabel represented MGG Investment Group, a US private direct lending investment firm with over $6 billion in AUM, in the signing of a definitive agreement under which Generali Investments’ subsidiary, Conning & Company, will acquire a majority stake in MGG and its affiliates. Under the deal, Conning & Company will purchase 77% of MGG for $320 million at closing with additional amounts payable subject to the achievement of certain operating milestones. 

    This partnership with Generali marks an exciting new chapter for MGG, positioned to support the private direct lending firm’s future growth and enhance their capabilities in investment and capital formation. With an extensive network and local market presence that offers a wide range of sourcing opportunities, MGG provides senior secured loans and structured capital solutions to US middle market businesses.   

    The Schulte team was led by partners Ben Kozinn (M&A) and Jason Kaplan (IM), along with partners Lauren Troeller (M&A), Philippe Benedict (Tax), David Griffel (Tax), Max Garfield (Employment and Employee Benefits) and Ian Levin (Employment and Employee Benefits). The team also included special counsel Chris Freeman (IM), Adam Gartner (Employment and Employee Benefits) and Ngoc Pham Hulbig (M&A), and associates Mitchell DaSilva (M&A), Joseph D’Arco (M&A), Jina Choi (IM), Kelsey Gonzalez (Tax), Hannah Hollingsworth (Tax) and Evan Miller (IM).

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    Jason S. Kaplan

    Partner

    New York – 919 Third Avenue

    Philippe Benedict

    Partner

    New York – 919 Third Avenue

    David S. Griffel

    Partner

    New York – 919 Third Avenue

    Max Garfield

    Partner

    New York – 919 Third Avenue

    Ian L. Levin

    Partner

    New York – 919 Third Avenue

    Christopher D. Freeman

    Partner

    New York – 919 Third Avenue

    Adam B. Gartner

    Special Counsel

    New York – 919 Third Avenue

    Jina Choi

    Associate

    New York – 919 Third Avenue

    Kelsey L. Gonzalez

    Associate

    New York – 919 Third Avenue

    Hannah M. Hollingsworth

    Partner

    London – One Eagle Place

    Evan Miller

    Associate

    New York – 919 Third Avenue

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  • McDermott Welcomes Jayme Cassidy as Transactions Pro Bono Counsel

    McDermott Welcomes Jayme Cassidy as Transactions Pro Bono Counsel

    PRESS RELEASE

    McDermott Welcomes Jayme Cassidy as Transactions Pro Bono Counsel

    January 21, 2025

    Read time: 4 min

    International law firm McDermott Will & Emery welcomes Jayme Cassidy as its new transactions pro bono counsel in Miami. Jayme brings extensive experience and a deep commitment to pro bono work, having previously served in various leadership roles at prominent legal aid organizations.

    “We’re thrilled to welcome Jayme to our team,” said Paul Thompson, McDermott’s pro bono litigation partner. “Her extensive background in legal advocacy, dedication to promoting access to justice, and passion for pro bono work align perfectly with our commitment to giving back to the community.” “We look forward to working with Jayme to further expand our pro bono initiatives and to help us continue to make a meaningful impact,” said Elizabeth Lewis, the Firm’s pro bono and community service partner.

    As the Transactions Pro Bono Counsel, Jayme will be responsible for expanding the Firm’s pro bono efforts outside of litigation, working to developing new initiatives supporting small businesses, low-income entrepreneurs, nonprofits and nongovernmental organizations (NGOs) in underserved communities around the globe and engaging lawyers in our transactions, tax, private client and health practice groups.

    Jayme joins from the National Institute for Trial Advocacy (NITA), where she promoted the development of legal skills nationwide for nonprofit advocates and law firm lawyers. Prior to NITA, Jayme served as the executive director of the Pennsylvania Legal Aid Network and the chief diversity, equity, inclusion, pro bono and professional development officer of Legal Services of Greater Miami (LSGMI). While at LSGMI, Jayme developed its innovative transactional pro bono program, which brings lawyers from law firms and in-house legal departments together to serve small businesses in their communities.

    Jayme also serves as a leader in pro bono and legal aid nationally, sitting on the American Bar Association (ABA) Standing Committee on Legal Aid and Indigent Defense and chairing the ABA Business Law Section’s Committee on Pro Bono.

    “I’m honored to join McDermott and contribute to its outstanding pro bono program,” said Jayme. “I can’t wait to collaborate with my new colleagues to further our shared mission of providing high-quality legal services to underserved communities.”

    McDermott’s pro bono program is focused on providing legal services to displaced persons around the world; fighting wrongful convictions; and supporting nonprofits, small businesses, and entrepreneurs from traditionally marginalized communities globally. In 2024 alone, the Firm volunteered more than 80,000 hours and achieved a remarkable 95% participation rate among its US lawyers.

    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 solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

    Paul M. Thompson

    Partner

    Washington, DC

    Elizabeth P. Lewis

    Partner

    Chicago

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  • McDermott Appoints New Antitrust Practice Group Leadership

    McDermott Appoints New Antitrust Practice Group Leadership

    PRESS RELEASE

    McDermott Appoints New Antitrust Practice Group Leadership

    January 21, 2025

    Read time: 5 min

    International law firm McDermott Will & Emery is pleased to announce the appointment of new leaders for its global Antitrust Practice Group. The Firm’s international antitrust lawyers provide effective, coordinated counsel on antitrust and competition laws across all sectors of the economy, including healthcare and life sciences; food and beverage; technology; building materials; aerospace and defense; and other industries.

    The leadership group now consists of:

    • Ryan Tisch, Washington, DC, global head of McDermott’s Antitrust Practice Group: Ryan provides strategic antitrust counsel for boards of directors, chief executive officers, and key business stakeholders as they navigate government regulations around the world. He has secured approvals for significant mergers facing review in multiple jurisdictions, including some of the largest mergers in the communications, manufacturing, technology, and food and beverage industries.
    • Jon Dubrow, Washington, DC, US head of McDermott’s Antitrust Practice Group: Jon is a strategic advisor who serves clients across a host of interrelated antitrust issues, including mergers and acquisitions (M&A) clearance, counseling, investigations, and litigation. He leads the defense of mergers, acquisitions, and joint ventures before the US Department of Justice, the Federal Trade Commission, and other international competition authorities.
    • Christian Krohs, Düsseldorf, Cologne, European head of McDermott’s Antitrust Practice Group: Christian advises clients on all aspects of antitrust and competition law, including litigation and proceedings before German and EU courts, coordination of complex projects before antitrust authorities worldwide, as well as compliance programs and investigations.

    “I’m pleased to have Ryan, Jon, and Christian leading our preeminent global Antitrust Practice Group, and we thank our partner, Ray Jacobsen, for his many contributions in leading practice over the years and look forward to continuing to work with Ray as a key member of our team,” said Alva Mather, global head of McDermott’s Regulatory Practice Group. “We counsel clients throughout the entire lifecycle of transactions, and we are well positioned for the anticipated upswing in M&A activity in 2025. We’re prioritizing growth and remain committed to bringing top-notch practitioners in M&A, antitrust litigation, and investigations to serve our clients.”

    ABOUT McDERMOTT’S ANTITRUST PRACTICE GROUP

    McDermott delivers regulatory and compliance acumen in a number of key areas, including antitrust and competition, alcohol regulatory, government contracts, government and lobbying strategies, international trade, and privacy and cybersecurity. More than 100 lawyers strong, with team members based in the US and Europe, the Regulatory Practice Group is recognized globally in Chambers, Legal 500, and Best Law Firms. Recognized as a global leader in competition law, our antitrust practice is ranked among the top 25 firms in the GCR 100: Global Elite Rankings. Chambers notes of our interdisciplinary regulatory practice that “the nuance of the team’s knowledge on specific areas is impressive” and “the client service is excellent, responsive, and importantly, practical.” With international reach, we give companies across sectors and jurisdictions a leg up on evaluating and navigating risk and turning potential liabilities into business opportunities.

    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 solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

    Ryan C. Tisch

    Partner

    Washington, DC

    Jon B. Dubrow

    Partner

    Washington, DC

    Christian Krohs, LL.M. (Aberdeen)

    Partner

    Düsseldorf, Cologne

    Alva C. Mather

    Partner

    Washington, DC

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  • McDermott Advises NORD Holding on the Acquisition of HKS health solutions and on the Financing of the Acquisition

    McDermott Advises NORD Holding on the Acquisition of HKS health solutions and on the Financing of the Acquisition

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises NORD Holding on the Acquisition of HKS health solutions and on the Financing of the Acquisition

    January 21, 2025

    Read time: 3 min

    Munich, January 21, 2025 – With a team led by Holger Ebersberger and Thomas Diekmann, McDermott Will & Emery advised NORD Holding on the acquisition of HKS health solutions GmbH (HKS). McDermott also advised on the financing of the acquisition, with the Private Equity Finance team led by Matthias Weissinger.

    The acquisition of HKS is part of the formation of 1Q Health Group, which – following the acquisition of ABJ alive GmbH in 2024 – continues NORD Holding’s European buy-and-build strategy in the market for high-quality dietary supplements and pharmaceuticals. The HKS founders, Benjamin Hawlik, Markus Koisser and Dirk Sachon, will reinvest and remain active as management board members.

    HKS, created in 2021 through the merger of three specialized companies, is active in the areas of contract manufacturing of high-quality dietary supplements and pharmaceuticals, trading in more than 1,500 raw materials, and distribution of private labels under the umbrella brand HAWLIK.

    NORD Holding is a private equity and asset management company with assets under management of around EUR 4 billion. The focus of NORD Holding’s direct business is on the structuring and financing of corporate succession models, the acquisition of parts of groups/subsidiaries and the expansion financing of medium-sized companies. The fund investment division focuses on the micro and small cap segment of medium-sized European private equity funds.

    McDermott advised NORD Holding already on the acquisition of ABJ alive.

    The McDermott team was led by Holger Ebersberger, Thomas Diekmann, and Matthias Weissinger, and included Julia Külzer, Parsin Walsi, Alexandra Prato, Franziska Sauer, Tim Becker, Florian Schiefer, Carina Kant, Jana Grieb, Christian Lebrecht, Lea Hachmeister, Christian Rolf, Janek Joosten, Steffen Woitz, Claus Färber, Ettore Scandale, and Emma Greselin.

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  • McDermott Represents Eurazeo on Refinancing of The Relevance Group

    McDermott Represents Eurazeo on Refinancing of The Relevance Group

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Eurazeo on Refinancing of The Relevance Group

    January 21, 2025

    Read time: 3 min

    Frankfurt, January 21, 2025 – McDermott Will & Emery advised Eurazeo Global Investor as lender in the refinancing of The Relevance Group (TRG).

    The Relevance Group is a European group of companies founded in Hamburg in 2022. With more than 290 experts in Germany, Switzerland and the Netherlands TRG offers solutions in the field of data-driven sales and marketing optimization.

    Since its foundation as a buy-and-build platform through Ufenau Capital Partners’ acquisition of Datalogue GmbH, TRG has successfully integrated six additional companies into its portfolio, significantly strengthening the Group’s sales power and service portfolio. TRG now plans to expand into Central and Eastern Europe, Scandinavia and the Iberian Peninsula.

    TRG is part of the portfolio of the Ufenau VII German Asset Light, SLP fund of the Swiss investor group Ufenau Capital Partners. Since 2011, Ufenau has invested in more than 380 service companies in Europe, and has around €3 billion in assets under management.

    Eurazeo is a global investment company with €35.5 billion in assets under management, invested in more than 600 companies. The firm is listed on Euronext Paris and runs offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg, Shanghai, Seoul, Singapore and Sao Paulo.

    McDermott has previously advised Eurazeo as a lender in several financing projects, such as the financing of an acquisition of shares in the management consultancy UNITY AG by Deutsche Beteiligungs AG (DBAG) and the financing of the AOE Group.

    The McDermott team was led by partner Alexander Klein and included partner Matthias Weissinger and associate Michael Spirk.

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  • McDermott Comment | Pizza Hut UK Franchise Holder HWS Saved In Pre-Pack Sale To Directional Capital

    McDermott Comment | Pizza Hut UK Franchise Holder HWS Saved In Pre-Pack Sale To Directional Capital

    PRESS RELEASE

    McDermott Comment | Pizza Hut UK Franchise Holder HWS Saved In Pre-Pack Sale To Directional Capital

    January 17, 2025

    Read time: 2 min

    Alex Wood, restructuring and insolvency partner law firm McDermott Will & Emery, said:

    “There continues to be distress in the hospitality, leisure and retail sector which can impact even household names like Pizza Hut. However, this shows that with the help of expert advisers, businesses can be saved and the pre-packaged administration can be an important part of an accelerated M&A process.”

     

    About Us

    Alexander Wood

    Partner

    London – 22 Bishopsgate

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