Newsroom Categories: Press release

  • McDermott Advises Main Capital Partners on the Acquisition and Financing of the Acquisition of procilon Group from Harald Quandt Industriebeteiligungen

    McDermott Advises Main Capital Partners on the Acquisition and Financing of the Acquisition of procilon Group from Harald Quandt Industriebeteiligungen

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises Main Capital Partners on the Acquisition and Financing of the Acquisition of procilon Group from Harald Quandt Industriebeteiligungen

    December 17, 2024

    Read time: 3 min

    Munich/Dusseldorf, December 17, 2024 – McDermott Will & Emery has advised Main Capital Partners on the acquisition and financing of the acquisition of procilon Group, a leading German provider of software for secure communication and digital signatures. The seller is Harald Quandt Industriebeteiligungen GmbH.

    As a strategic partner, Main Capital will support procilon in its next phase of growth. procilon’s current management team will work closely with Main Capital to drive the company’s next phase of growth.

    The acquisition is Main Capital’s fourth platform investment since the launch of its new fund MC VIII in April 2024.

    The procilon group headquartered in Leipzig, Germany, was founded in 2001 and today advises more than 2,200 companies, organizations and public authorities on all matters related to information security and data protection.

    Main Capital Partners is a leading software investor in the DACH region, the Benelux countries, the Nordic countries and the United States. Main Capital manages assets of around EUR 6 billion and maintains an active portfolio of more than 50 software groups.

    McDermott regularly advises Main Capital on transactions, including financings.

    The McDermott team was led by partners Hanno Witt and Holger H. Ebersberger and included partners Matthias Weissinger, Dustin Schwerdtfeger, Florian Schiefer, and Alexa Ningelgen, counsel Alexandra Prato, Laura Stammwitz, Claus Färber and Marcus Fischer as well as associates Manuel Weiß, Nicole, Kaps, Marion Dalvai-König, Armin Teymouri, Julia Külzer, Tim Oliver Weill, Matthias M. Bosbach, Romy Lanz, Julian Jäger, Andreas H. Janßen, and Tobias Meyer-Hotting.

    About Us

    Dustin Schwerdtfeger

    Partner

    Düsseldorf

    Dr. Florian Schiefer

    Partner

    Frankfurt

    Dr. Alexa Ningelgen

    Partner

    Düsseldorf

    Alexandra Prato

    Counsel

    Munich

    Dr. Laura Stammwitz

    Partner

    Frankfurt

    Dr. Claus Färber

    Counsel

    Munich

    Marcus Fischer

    Counsel

    Frankfurt

    Dr. Manuel Weiß

    Counsel

    Munich

    Nicole Kaps

    Associate

    Munich

    Marion Dalvai-König

    Associate

    Munich

    Dr. Armin Teymouri

    Associate

    Munich

    Julia Külzer

    Associate

    Munich

    Matthias Bosbach

    Associate

    Düsseldorf

    Andreas H. Janßen

    Associate

    Cologne

    You may also like

  • Schulte Advises Soros Fund Management in Acquisition of BuzzFeed’s “Hot Ones” 

    Schulte Advises Soros Fund Management in Acquisition of BuzzFeed’s “Hot Ones” 

    PRESS RELEASE

    Schulte Advises Soros Fund Management in Acquisition of BuzzFeed’s “Hot Ones” 

    December 17, 2024

    Read time: 3 min

    Schulte Roth & Zabel represented Soros Fund Management in a consortium’s $82.5 million acquisition of BuzzFeed’s First We Feast, the production company behind the popular interview show “Hot Ones”. This transaction will allow First We Feast to become an independent multi-platform media company.  

    First We Feast will continue to produce “Hot Ones” episodes without major changes, using the investment from the sale to develop new content franchises and explore future collaborations with other creators. 

    The Schulte team was led by the M&A and Securities Group headed by partner Mike Flynn, special counsel Lauren Troeller and associate Mitchell DaSilva. They were assisted by partners Ted Keyes (Environmental; Insurance), Alex Kim (Intellectual Property), Ian Levin (Employment and Employee Benefits), Joseph Reich (Tax), Greg Ruback (Finance) and Julian Wise (Real Estate), along with special counsel Adam Gartner (Employment and Employee Benefits) and John Doherty (M&A) and associates Steven Appel (Intellectual Property), Julia Cummings (M&A), Joe D’Arco (M&A), Lance Kodish (Real Estate), Sarah Reichek (M&A) and Hannah Hollingsworth (Tax).

    About Us

    Theodore A. Keyes

    Partner

    New York – 919 Third Avenue

    Ian L. Levin

    Partner

    New York – 919 Third Avenue

    Joseph Reich

    Partner

    New York – 919 Third Avenue

    Gregory D. Ruback

    Partner

    New York – 919 Third Avenue

    Julian M. Wise

    Partner

    New York – 919 Third Avenue

    Adam B. Gartner

    Special Counsel

    New York – 919 Third Avenue

    Lance M. Kodish

    Counsel

    New York – 919 Third Avenue

    Hannah M. Hollingsworth

    Partner

    London – One Eagle Place

    You may also like

  • Schulte Advises Hildene Under $311 Million TruPS Securitization

    Schulte Advises Hildene Under $311 Million TruPS Securitization

    PRESS RELEASE

    Schulte Advises Hildene Under $311 Million TruPS Securitization

    December 16, 2024

    Read time: 2 min

    Schulte Roth & Zabel advised Hildene Structured Advisors, LLC, an affiliate of Hildene Capital Management, LLC, a diversified institutional asset manager focused on asset-based and credit opportunities, in its sixth new issue securitization of trust-preferred securities (TruPS ). The $311 million transaction is backed by collateral that Hildene obtained from liquidations of earlier securitizations and on the secondary market and the issue’s largest tranche received a “AAA” rating from the Kroll Bond Rating Agency and a “Aaa” rating from Moody’s Investors Service Inc.

    Schulte’s Finance Group was led by partners Adam Singer and Daniel Oshinsky, with associates Matt Arace and Kelly Sloan, Tax partner Andi Mandell and Tax associate Hannah Hollingsworth.

    About Us

    Adam M. Singer

    Partner

    New York – 919 Third Avenue

    Daniel V. Oshinsky

    Partner

    New York – 919 Third Avenue

    Matthew A. Arace

    Associate

    New York – 919 Third Avenue

    Hannah M. Hollingsworth

    Partner

    London – One Eagle Place

    You may also like

  • McDermott Represents Pango Group in its Merger with Total Security to Form Point Wild

    McDermott Represents Pango Group in its Merger with Total Security to Form Point Wild

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Pango Group in its Merger with Total Security to Form Point Wild

    December 13, 2024

    Read time: 3 min

    International law firm McDermott Will & Emery represented Pango Group, a holding company that acquires and operates a portfolio of cybersecurity brands, in its merger with Total Security, a provider of award-winning antivirus protection. The new company will be rebranded as Point Wild, a holding company operating a portfolio of cybersecurity solutions for consumers and enterprises of all sizes.

    The McDermott team was led by Alexei Cowett with invaluable assistance from Christine Kretkowski, Courtney Wagner, Michael Bruno, Aroma Sharma, Graham Hyman, Meredith Schwartz, Ryan Tisch, Mélissa Hui, Austin Mooney, Alexis Gonzalez, Alex Lee, Stéphane Dionnet, Jennifer Hill, Andrew Kratenstein, Timothy (Ty) Carson, John Ying, Andrew Liazos, Stephania Sanon, Dawn Peacock, Matthew King, Sophia Niemyski, Sarah Bro, Mark Bilut, Stephanie Stein, Daniel Woodard, Larissa Mussi and Ed Pisacreta.

    Read Point Wild’s press release.

    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.

    Alexei Cowett

    Partner

    Washington, DC, New York – One Vanderbilt Avenue

    Christine Corkran Kretkowski

    Partner

    Washington, DC

    Michael J. Bruno

    Partner

    Miami

    Aroma Sharma

    Partner

    San Francisco

    Graham J. Hyman

    Law Clerk

    New York – One Vanderbilt Avenue

    Ryan C. Tisch

    Partner

    Washington, DC

    Alex Cheng-Yi Lee

    Partner

    Washington, DC

    Stéphane Dionnet

    Partner

    Brussels

    Jennifer D. Hill

    Associate

    Atlanta

    Andrew B. Kratenstein

    Partner

    New York – One Vanderbilt Avenue

    Timothy (Ty) Carson

    Counsel

    Washington, DC

    Andrew C. Liazos

    Partner

    Boston, New York – One Vanderbilt Avenue

    Matthew R King

    Partner

    Los Angeles

    Sarah Bro

    Partner

    Orange County, Los Angeles

    Mark A. Bilut

    Partner

    Chicago

    Daniel L. Woodard

    Partner

    New York – One Vanderbilt Avenue

    Larissa Mussi

    Associate

    Dallas

    You may also like

  • McDermott Represents Theresia Gouw in Equity Investment in the NFL’s Buffalo Bills

    McDermott Represents Theresia Gouw in Equity Investment in the NFL’s Buffalo Bills

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Theresia Gouw in Equity Investment in the NFL’s Buffalo Bills

    December 13, 2024

    Read time: 4 min

    The transaction:
    International law firm McDermott Will & Emery represented Theresia Gouw, co-founder and managing partner of venture capital firm Acrew Capital, in her equity investment in the Buffalo Bills of the National Football League (NFL). This transaction was confirmed by the Buffalo Bills on December 11, 2024.

    Why it matters:
    The transaction marks the first time that the Pegula family, which controls the Buffalo Bills, has taken on additional investors. Ms. Gouw is one of 10 new limited partners added to the Bills ownership group in a funding round led by Arctos Partners in one of the first-ever investments by private equity in the NFL under rules adopted in August 2024. Other investors include luminaries from the sports and entertainment industries.

    Commenting on the transaction, Ms. Gouw said: “Like many other Bills fans, the team means so much to me and my family. When we moved to Western New York, joining Bills Mafia really gave us an instant sense of belonging. Our family has been fortunate to be part of this community over many decades and multiple generations, and we are thrilled to deepen our relationship.”

    The McDermott cross-practice team was led by Julie Kwon with substantial assistance from Tom Conaghan, Greg Berson, Daniel Hatten, Eric Cunningham, Thomas McGee, Brittany Esser, Kristine Suh, and Hudson Todd.

    Julie Kwon is the relationship partner for Theresia Gouw.

    Read the Bills’ press release.

    About McDermott’s Family Office Capital & Investment Strategies (FOCIS) Group
    FOCIS is a multi-practice team that draws on the experience of our Private Client, Tax, and Transactional lawyers to provide creative and holistic solutions across all levels of a family wealth structure with respect to direct investing across all industries, including sports and entertainment. We take a comprehensive and multi-level approach to achieve enhanced economic returns through optimal planning for families, returns that might otherwise be lost when working with external advisors with a narrower lens.

    About McDermott’s Sports Law Group
    For more than 30 years, McDermott has represented owners, investors, players, teams, and sports venues around the world in various leagues – including the Association of Tennis Professionals (ATP), Major League Baseball, Major League Soccer (MLS), National Basketball Association (NBA), National Hockey League, National Football League (NFL), and PGA TOUR – handling their most critical transactional and non-transactional matters. With legal experience ranging from individual investments in teams and the purchase and sale of franchises to solving critical tax, real estate, intellectual property, and labor law problems, our sports lawyers leverage top-tier M&A, tax, and private client talent to provide a problem-solving and client-focused approach to complicated sports law matters in the rapidly evolving sports world.

    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.

    Julie Miraglia Kwon

    Partner

    Silicon Valley, San Francisco

    Thomas P. Conaghan

    Partner

    Washington, DC, New York – One Vanderbilt Avenue

    Greg C. Berson

    Partner

    Washington, DC

    Daniel Hatten

    Partner

    New York – One Vanderbilt Avenue

    Eric Cunningham

    Associate

    Washington, DC

    Thomas W. McGee

    Associate

    Washington, DC

    Brittany T. Esser

    Associate

    New York – One Vanderbilt Avenue

    Kristine Suh

    Counsel

    Los Angeles

    Hudson Todd

    Partner

    Nashville

    You may also like

  • McDermott Advises Kadans Science Partner on the Acquisition  of a Project Development in Berlin

    McDermott Advises Kadans Science Partner on the Acquisition of a Project Development in Berlin

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises Kadans Science Partner on the Acquisition of a Project Development in Berlin

    December 2024

    Read time: 3 min

    Düsseldorf, December 13, 2024 – McDermott Will & Emery has advised Kadans Science Partner on the acquisition of a property in the Charlottenburg district of Berlin. This strategically important transaction marks Kadans Science Partners’ entry into the Berlin market.

    On the 9,037 square meter site at Franklinstrasse 8, Kadans Science Partners is developing a state-of-the-art laboratory and office building under the brand name “Plus Ultra Berlin” together with the project developer ACCUMULATA. In addition to its central location on the Charlottenburg campus and its proximity to the Technical University of Berlin, the site scores particularly well due to its direct waterfront location. Completion is expected in the second half of 2028.

    Kadans Science Partner supports companies in the sectors of life sciences & health, food, energy & digital economy in their research and development by providing state-of-the-art infrastructure and specialized facilities. The company has been part of the Axa Investment Managers portfolio since 2020 and serves over 400 clients in 27 science clusters in six countries.

    The McDermott team was led by partner Thomas Beisken and comprised partners Philipp-Gerald Hammes, Alexa Ningelgen and Florian Schiefer as well as counsel Marcus Fischer and associates Carolin Irla and Tim Weill.

    About Us

    Thomas A. Beisken, LL.M.

    Partner

    Düsseldorf

    Philipp-Gerald Hammes

    Partner

    Düsseldorf

    Dr. Alexa Ningelgen

    Partner

    Düsseldorf

    Dr. Florian Schiefer

    Partner

    Frankfurt

    Marcus Fischer

    Counsel

    Frankfurt

    Carolin Irla

    Associate

    Düsseldorf

    You may also like

  • McDermott Advises Cilcare on a EUR40 Million Series A Financing Round

    McDermott Advises Cilcare on a EUR40 Million Series A Financing Round

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises Cilcare on a EUR40 Million Series A Financing Round

    December 13, 2024

    Read time: 2 min

    McDermott Will & Emery has advised Cilcare, a biotech company specializing in hearing sciences, on the completion of a EUR 40 million Series A round to accelerate the development of innovative treatments for early hearing loss.

    The round brought together new investors SHIONOGI & CO LTD, Sprim Global Investments Pte. Ltd, as well as long-standing investors Sofilaro, ARIS, SudPME and UVM Health Capital.

    This financing will enable Cilcare to initiate two Phase 2a clinical trials in 2025, in Europe and the United States, for its lead candidate, CIL001, a treatment targeting cochlear synaptopathy.

    The McDermott team on this transaction comprised :

    • Emmanuelle Trombe, Partner
    • Shirin Deyhim, Partner
    • Hugo Lamour and Natacha Vasak, associates
    About Us

    Hugo Lamour

    Associate

    Paris

    Natacha Vasak

    Associate

    Paris

    You may also like

  • McDermott Advises Arkolia Shareholders on the Sale of their Stake to Mirova and BNP Paribas Asset Management

    McDermott Advises Arkolia Shareholders on the Sale of their Stake to Mirova and BNP Paribas Asset Management

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises Arkolia Shareholders on the Sale of their Stake to Mirova and BNP Paribas Asset Management

    December 12, 2024

    Read time: 3 min

    McDermott Will & Emery has advised all Arkolia shareholders on the sale of a majority stake to a consortium composed of Mirova and BNP Paribas Asset Management.

    Arkolia is a French company and a major player in the renewable energies sector. Mirova Energy Transition Fund 6 and (MET6)1 and BNP Paribas Low Carbon Transition Infra Equity Fund I have committed to invest in the company’s growth alongside Arkolia co-founder and Chairman Jean-Sébastien Bessière, who will remain a shareholder.

    The transaction is pending on regulatory approvals, which are expected to be completed in the first half of 2025.

    The McDermott team on this transaction comprised :

    • Corporate
      Guillaume Kellner, partner
      Stanislas Offroy, counsel
      Auriane Tournay, associate
    • Regulatory
      Laurent Ayache, Partner
    • Competition
      Frédéric Pradelles, Partner
      Mary Hecht, Associate
    About Us
    You may also like

  • McDermott Once Again Ranked in GCR 100: Global Elite Among Top 25 Global Antitrust & Competition Leaders

    McDermott Once Again Ranked in GCR 100: Global Elite Among Top 25 Global Antitrust & Competition Leaders

    AWARDS & RANKINGS / PRESS RELEASE

    McDermott Once Again Ranked in GCR 100: Global Elite Among Top 25 Global Antitrust & Competition Leaders

    December 12, 2024

    Read time: 3 min

    December 12, 2024 – International law firm McDermott Will & Emery has once again been recognized as a global leader in competition law, with its Antitrust & Competition Practice Group landing among the top 25 in Global Competition Review’s GCR 100: Global Elite rankings. The listing spotlights the world’s best competition practices that perform notable work on multiple continents.

    In addition, McDermott received several jurisdictional rankings, maintaining an Elite ranking in United States: Illinois and a Recommended ranking United States: Washington, DC. The Firm has regained a Recommended ranking in Germany and received first-time Recommended rankings in both the Brussels and Belgium categories.

    Key lawyers (as ranked and recommended in the editorial):

    View the full GCR 100: Global Elite 2025 rankings.

    About GCR 100 

    The GCR 100 Global Elite, compiled by Global Competition Review’s editorial staff, covers more than 300 firms world-wide and spotlights the top 25 global competition practices. The country chapters recognize the best firms in each individual jurisdiction. The Global Elite reflects how multinational practices perform on the world stage.

    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.

    Stéphane Dionnet

    Partner

    Brussels

    Jon B. Dubrow

    Partner

    Washington, DC

    Joel R. Grosberg

    Partner

    Washington, DC

    Raymond A. Jacobsen , Jr.

    Partner

    Washington, DC

    Carina Kant, LL.M. (Lausanne)

    Partner

    Düsseldorf, Cologne

    Christian Krohs, LL.M. (Aberdeen)

    Partner

    Düsseldorf, Cologne

    Dr. Laura Stammwitz

    Partner

    Frankfurt

    Ryan C. Tisch

    Partner

    Washington, DC

    Stephen Wu

    Partner

    Chicago

    You may also like

  • McDermott Named Most Innovative Law Firm in North America by Financial Times

    McDermott Named Most Innovative Law Firm in North America by Financial Times

    AWARDS & RANKINGS / PRESS RELEASE

    McDermott Named Most Innovative Law Firm in North America by Financial Times

    December 10, 2024

    Read time: 4 min

    December 10, 2024 – International law firm McDermott Will & Emery has been recognized as the Most Innovative Law Firm as part of the Financial Times Innovative Lawyers Awards North America 2024. The Firm received the highest honor of the awards program, securing the top ranking based on a cumulative score derived from nominations and survey responses. These assessments evaluated innovation in legal practice, technology utilization, people policies, social responsibility, and financial growth.

    Highlighted within the 2024 Innovative Lawyers report, “[McDermott] is making significant investments in its push to explore how generative AI is affecting how the law is practiced. McDermott has a long record of doing things differently. It was one of the first US law firms to organize itself to align with industry sectors rather than around legal practice areas. The result was its current dominant position in healthcare. With revenues just shy of $2bn in 2023, according to The American Lawyer, McDermott is one of the fastest growing law firms in the US.”

    McDermott was recognized in multiple categories:

    • Standout | Practice of Law: Pro Bono – Children’s Rights, along with pro bono partners McDermott Will & Emery and Bass, Berry & Sims PLC, successfully settled a lawsuit requiring the Tennessee Department of Children’s Services to support immigrant children in foster care by addressing their immigration-related needs. Read the full article, “Tennessee Agrees to Provide Immigration Services to Foster Youth in State Care.”
    • Highly Commended | Practice of Law: Energy Transition – An interdisciplinary McDermott team, led by Michael Halsband and Michael Byrne, represented Oka, The Carbon Insurance Company™, in all aspects of its launch of a Lloyd’s syndicate-in-a-box and a US-based managing general agent to offer and administer a first-of-its-kind carbon credit insurance policy. Read the legal case study, “Bolstering Climate Action: Carbon Protect™ Insurance Reduces Risk in Carbon Markets.”
    • Commended | Practice of Law: Healthcare & Life Sciences – A McDermott team, led by John Callahan, represented Geisinger Health in its sale to Risant Health. This historic transaction required more than 400 federal and state regulatory approvals and involved an AI-assisted review of 30,000 contracts in three weeks – McDermott’s largest and fastest AI review to date. Read the full article, “McDermott Represents Geisinger Health in Inaugural Transaction with Risant Health, Kaiser Foundation Hospitals.”
    • Commended | Business of Law: Data – McDermott’s knowledge management team launched a “What’s Market” study, analyzing over 100 legal data points from private equity health transactions. Using eBrevia AI models, the study encompasses information from more than 780 McDermott-negotiated deals closed between 2020 and Q2 2024. Read the full article, “Business of law: case studies.”
    • Top 10 | Innovative Practitioner – As the Head of Strategy for McDermott’s healthcare practice and Co-Head of the digital health practice, Lisa Mazur helps her clients pursue innovative digital health solutions with an eye toward proactive, practical compliance and creative legal solutions. Read the full article, “Practitioners: ten types of legal pioneer.”

    View the 2024 report.

    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.

    Ira J. Coleman

    Chairman

    Miami

    Michael R. Halsband

    Partner

    New York – One Vanderbilt Avenue

    H. Michael Byrne

    Partner

    New York – One Vanderbilt Avenue

    John M. Callahan

    Partner

    Chicago

    Paul M. Thompson

    Partner

    Washington, DC

    Lisa Mazur

    Partner

    Chicago

    You may also like