AWARDS & RANKINGS / PRESS RELEASE
McDermott Shortlisted for M&A Advisor of the Year by The Insurer
May 14, 2024
Read time: 4 min
May 14, 2024 – International law firm McDermott Will & Emery has been shortlisted for M&A Advisor of the Year as part of The Insurer‘s Program Manager Awards 2024. This is the second consecutive year that the Firm has been named a finalist.
Led by Partners Michael Halsband and Mike Byrne, McDermott’s insurance transactions team has substantial experience advising strategics and private equity firms in the sale, purchase, merger and disposition of insurance companies, program managers, producers, managing general agents (MGAs) and wholesalers.
Within the research timeframe, McDermott’s insurance transactions team represented:
- Bain Capital Insurance Fund and Emerald Bay Risk Solutions, in the formation of a new property and casualty hybrid insurance platform for long-term MGA platform partnerships.
- Aon plc, a leading global professional services firm, in its $13 billion acquisition of NFP, a leading middle market property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor, from funds affiliated with NFP’s main capital sponsor, Madison Dearborn Partners, and funds affiliated with HPS Investment Partners.
- Ryze Claim Solutions, a full-service residential and commercial claims management business, in its recapitalization by Bain Capital Insurance, the dedicated investing unit of Bain Capital.
- Oka, The Carbon Insurance Company™, in the launch of a Lloyd’s syndicate-in-a-box and US service company providing first-of-its-kind insurance protections against voluntary carbon credit risks.
- Strategic Risk Solutions, the world’s largest independent insurance company manager, in its recapitalization with Integrum Holdings LP, an investment firm focused on partnering with technology-enabled services companies in the financial and business services sectors.
- Arthur J. Gallagher & Co., in its purchase of Eastern Insurance Group, LLC, a subsidiary of Eastern Bank offering commercial property and casualty insurance and personal lines insurance, as well as employee benefits consulting, to clients throughout the northeastern US.
- Brit Insurance Holdings, a global specialty insurer and reinsurer, in the sales of Scion Underwriting Services, Brit USA, Ambridge Europe and their subsidiaries to Amynta Group.
McDermott is a proud sponsor of the Program Manager Conference & Awards 2024. Michael Halsband will be speaking at the conference as a moderator on the panel “M&A, Capital and Capacity.”
View the list of finalists here.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective 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.
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McDermott Advises Aream on the Formation of a Joint Venture with Eiffel Investment
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Aream on the Formation of a Joint Venture with Eiffel Investment
May 14, 2024
Read time: 3 min
Frankfurt, May 14, 2024 – McDermott Will & Emery’s German energy and infrastructure team has advised Aream Group on the formation of a joint venture with Eiffel Investment Group represented by the Eiffel Transition Infrastructure Fund.
The new joint venture named Aream Solar Ventures will develop solar PV and battery storage (BESS) projects with an envisaged capacity of more than 500 MWp in Germany over the course of the coming years. Eiffel has acquired 49% of the Aream portfolio and will finance the majority of the future development costs, whereas Aream will provide the operational management of the joint venture.
Aream Group, founded in 2005, is an investment and asset manager for institutional investors and industrial clients with a focus on sustainable infrastructure in the renewable energy sector. With a transaction volume of more than €2.5 billion, Aream is one of the leading asset managers in this market.
The Eiffel Investment Group manages assets of six billion euros and finances infrastructure for the energy transition via private debt and private equity. Its clients include institutional investors such as insurance companies, investment funds, pension funds, banks, large family offices and public investors. Eiffel Transition Infrastructure is an infrastructure fund managed by Eiffel with capital of €200 million. Aream Solar Ventures is the fund’s sixth investment in Europe.
The McDermott team was led by partner Maximilian Uibeleisen and comprised partner Benedikt von Schorlemer, counsel Holger Mlynek and Simon Groneberg as well as associates Jan Ischreyt and Constanze Götz.
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McDermott Represents Bayou Midstream in the Sale of its Operating Subsidiaries to Bridger Pipeline
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Bayou Midstream in the Sale of its Operating Subsidiaries to Bridger Pipeline
May 13, 2024
Read time: 3 min
International law firm McDermott Will & Emery represented Bayou Midstream, LLC (Bayou), a portfolio company of EIV Capital, LLC, in its sale of Bayou’s operating subsidiaries to Bridger Pipeline LLC. Bayou’s subsidiaries own and operate crude oil gathering, storage and transportation assets and a strategic sand transloading terminal in the western Bakken Basin.
EIV and Bayou partnered in 2018 to pursue midstream opportunities in the Rockies. Through greenfield development, organic growth and the integration of a strategic acquisition, Bayou developed a system transporting over 55,000 barrels of crude oil per day and transloading approximately 45,000 tons of sand per month.
The McDermott deal team was led by Kevin Brophy and Ming Lei and included Alex Farr, Jacob Hollinger, Sarah Nabors, Jack Langlois, Marisa (Reese) Poncia, Ty Carson, Robert Lamkin and Heidi Steele.
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.
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Schulte Roth & Zabel Strengthens Tax Group, Private Fund Capabilities with Addition of James McCann as Partner
PRESS RELEASE
Schulte Roth & Zabel Strengthens Tax Group, Private Fund Capabilities with Addition of James McCann as Partner
May 13, 2024
Read time: 4 min
Schulte Roth & Zabel is proud to announce the addition of James McCann as a partner in the Tax Group in New York.
Jim has extensive experience with the tax aspects of structuring, launching and operating private investment funds, including advising on transactions and matters relating to management companies and their principals. He also works with numerous family offices associated with current and former private fund managers, and advises clients on tax issues involving transactions, financings and reorganizations, with a particular emphasis on cross-border matters.
“Jim’s depth of experience working with clients across the full lifecycle of fund formation and operations make him an ideal complement to our practice,” said Andi Mandell, co-head of Schulte’s Tax Group. “His history of leadership and team building will also allow us to continue to expand our team to meet the needs of some of the most sophisticated and innovative clients operating in the private capital space.”
“The lawyers in our Tax Group, who are widely known as among the top practitioners in their field, work from the upper tier to the portfolio company level and are an integral part of our collaborative and strategic approach,” said David Efron, co-managing partner of Schulte. “We look forward to Jim’s contributions to this esteemed team.”
“I’m very excited to join Schulte,” said Jim. “It’s a one-of-a-kind opportunity to work with a wide range of uniquely experienced practitioners and to bring my knowledge to one of the world’s leading private investment fund-focused teams.”
Jim graduated from Rutgers University with a B.A. and obtained his J.D. from Cornell University School of Law.
He is the latest partner to join Schulte, which added a number of new partners in the last year, including Julia Beskin, Tim Gilman, Chris Gerson and John Nowak (Litigation); Michael Didiuk (Investment Management); and David Curtiss and Damian Petrovic (M&A and Securities).
Schulte’s Tax Group helps private capital clients navigate a wide array of specialized and interlocking tax considerations. From fund formation to deployment to exit, transactions, financings and other relevant matters and issues, the team draws on an encyclopedic knowledge of fund structures to develop solutions that fit both innovative investment strategies and the different tax compliance requirements of a wide range of investors.
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McDermott Lawyers, Legal Professionals Named to 2023 Capital Pro Bono Honor Roll
AWARDS & RANKINGS / PRESS RELEASE
McDermott Lawyers, Legal Professionals Named to 2023 Capital Pro Bono Honor Roll
Read time: 5 min
May 10, 2024 – International law firm McDermott Will & Emery is pleased to announce that 79 lawyers and legal professionals have been listed on the District of Columbia Courts’ 13th annual Capital Pro Bono Honor Roll. Of those recognized, 37 were listed on the High Honor Roll.
The Capital Pro Bono Honor Roll recognizes District of Columbia Bar members and others authorized to perform pro bono legal work who completed 50 hours or more of pro bono service during the previous calendar year. Those who performed 100 hours or more of pro bono work are included in the High Honor Roll.
In a joint letter to the honorees, Chief Judge Anna Blackburne-Rigsby of the DC Court of Appeals and Chief Judge Anita Josey-Herring of the DC Superior Court wrote:
As chief judges, we are acutely aware of the significant obstacles faced by individuals with limited resources who all too frequently must represent themselves in proceedings, often against represented parties. We salute you for using your time, talents, and expertise to ensure that those who cannot afford an attorney have meaningful access to justice.
High Honor Roll
- Theodore Alexander
- Tipanun (Fon) Bisalbutr
- Abbey Bowe
- Emily Curran
- Marissa Hill Daley
- Kelsey Dietrich
- Grayson Dimick
- Caitlin Drott
- Matt Evola
- Carl Fleming
- Jennifer Geetter
- Jonathan Henry
- Sarah Hogarth
- Ian Howard
- Paul Hughes
- MaryKathryn Hurd
- Graham Hyman
- Karis Jackson
- Michael Kimberly
- Marina Leary
- Jessica Longoria
- Andrew Lyonsberg
- Sydney McDermott
- Adetoro Olugbemi
- Sebastian Orozco Segrera
- Marisa Poncia
- Maria Cristina Rosales del Prado
- Kavya Rallabhandi
- Joshua Revilla
- Peter (Mac) Routh
- Bailey Sanders
- Peter Scheyer
- Karen Sealander
- Charlie Seidell
- Paul Thompson
- Dominique Torsiello
- Fabiola Díaz Vera
Honor Roll
- Ignacio Zabala Alonso
- Christopher Bruno
- Samuel Ashworth
- Eleanor Atkins
- Daniel Bell
- Greg Berson
- Anindita Bruce
- Eric Carstens
- Eric Cunningham
- Claire Danberg
- Charles Darantiere
- Robert Duffy
- Joshua Ellenberg
- Jonathan Ende
- Llewelyn Engel
- Eugene Goldman
- Joel Grosberg
- Debra Harrison
- Elizabeth Hummel
- Cathy Lee
- Robert Louthian, III
- Austin Mooney
- Sam Crockett Neel
- Vincent Norwood
- William Paige
- Daniel Powers
- Samuel Preston
- Scott Regan
- Rebecca Richard
- Lisa Rumin
- Kerry Alan Scanlon
- Danielle Scheer
- Courtney Seams
- Christopher Shoemaker
- Amanda Smith
- Kevin Spencer
- Connor Suozzo
- Jake Vallen
- Christopher Watts
- Jacob Weissman
- Madeleine Wettach
- Jeremy White
At the heart of McDermott’s pro bono practice is a dedication to ensuring equal access to justice for all. The Firm partners with nonprofits and community-based organizations to advocate for asylum seekers; champion human and civil rights; and fight for housing, education, food, benefits and economic justice for individuals in its communities. In 2023 alone, the Firm’s lawyers volunteered more than 70,000 hours.
The District of Columbia Courts, with assistance from the D.C. Access to Justice Commission and the D.C. Bar Pro Bono Center, established the Capital Pro Bono Honor Roll as part of the 2011 National Celebration of Pro Bono. Honorees reflect a diverse cross-section of the legal community in Washington, DC, hailing from 166 firms, solo practices, federal and local government agencies, corporations, associations and public interest organizations.
Learn more about the Capital Pro Bono Honor Roll.
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.
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Schulte Advises HealthpointCapital in Acquisition of SteriCUBE Holdings, Inc.
PRESS RELEASE
Schulte Advises HealthpointCapital in Acquisition of SteriCUBE Holdings, Inc.
May 9, 2024
Read time: 2 min
Schulte Roth & Zabel represented HealthpointCapital, the leading private equity firm focused exclusively on musculoskeletal healthcare, in the acquisition of a majority stake in SteriCUBE Holdings, Inc. and its patented, environmentally friendly Multiple Tray Sterilization System technology that sterilizes instrument-holding trays used in orthopedic and cardiac surgeries.
The Schulte team was led by partners Daniel Eisner and Joseph Reich with associates Jake Gach and Mario Kranjac.
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McDermott Advises Myonex on its Acquisition of Creapharm’s Pharmaceutical Services Business
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Myonex on its Acquisition of Creapharm’s Pharmaceutical Services Business
May 8, 2024
Read time: 3 min
McDermott Will & Emery advised Myonex, a leading global clinical trial supply company, on its acquisition of Creapharm’s pharmaceutical services business.
This transaction combines capabilities and flexibility to serve pharmaceutical and biotech companies in both clinical and commercial stages, including companies managing Advanced Therapies.
The McDermott team that advised Myonex comprised:
- Emmanuelle Trombe, partner, Dr. Deniz Tschammler, partner (Frankfurt), Natacha Vasak and Caroline Noyrez, associates, on Corporate aspects
- Jilali Maazouz, partner, and Naré Arshakyan, associate, on Employment law aspects
- Sabine Naugès, partner, and Benoit Feroldi, associate, on Regulatory aspects
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.
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McDermott Represents an Affiliate of Driftwood Hospitality in Four Transactions
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents an Affiliate of Driftwood Hospitality in Four Transactions
May 7, 2024
Read time: 3 min
International law firm McDermott Will & Emery represented an affiliate of Driftwood Hospitality in four separate transactions in April 2024:
- As mezzanine lender in connection with a mezzanine loan in the principal amount of $35,800,000, in conjunction with a mortgage loan in the principal amount of $92,000,000 for the Miami 3 portfolio, which includes three hotels throughout Miami, FL.
- As mezzanine lender in connection with a mezzanine loan in the principal amount of $30,000,000, in conjunction with a mortgage loan in the principal amount of $270,000,000 for the Dallas Sheraton, the largest hotel in Texas.
- As borrower in connection with a mortgage loan in the principal amount of $33,000,000 for the Sheraton Park City hotel in Park City, Utah.
- As borrower in connection with a mortgage loan in the principal amount of $29,000,000 for the Marriott Research Triangle Park hotel in Durham, North Carolina.
The McDermott team was led by Scott Weinberg with assistance from Jeff Ruskin, Leenor Gold, Ed Pisacreta, Alison Mackenzie, Megan Vallerie, Danny Min, Robert Mower and Hayley Yandoli.
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.
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Schulte hosts Private Equity Boot Camp
PRESS RELEASE
Schulte hosts Private Equity Boot Camp
May 7, 2024
Read time: 2 min
Schulte Roth & Zabel recently hosted an interactive Private Equity Boot Camp where attendees gained valuable insight into the structuring and execution of private equity transactions. Topics covered included tax and governance considerations, due diligence matters, purchase agreement terms and negotiating tips, and acquisition finance fundamentals.
The event was led by Schulte partners Chris Bell, Ben Kozinn, Ian Levin, Damian Petrovic, Joseph Reich and Greg Ruback, as well as special counsel Lauren Troeller.
Learn more about the firm’s Private Equity Group.
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McDermott Represents Sunland Medical Foundation in its Sale to Columbia Medical Center of Plano Subsidiary, L.P.
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Sunland Medical Foundation in its Sale to Columbia Medical Center of Plano Subsidiary, L.P.
May 3, 2024
Read time: 3 min
International law firm McDermott Will & Emery advised Sunland Medical Foundation (Sunland) d/b/a Trinity Regional Medical Center Sachse and its wholly owned subsidiary, 4750 GHW Bush Land Holdings LLC, through its chapter 11 process. Sunland completed a successful sale and confirmation of assets and transferred its operations to Columbia Medical Center of Plano Subsidiary, L.P., a wholly owned subsidiary of HCA Healthcare, Inc. (NYSE: HCA), one of the nation’s leading healthcare providers.
The McDermott team was led by Marcus Helt with assistance from Jack Haake, Greg Fosheim, Natalie Rowles, Grayson Williams, Debbie Green and Rebecca Trickey.
Sunland’s chief restructuring officer, interim manager and financial advisor was Meadowlark Advisors led by Jonathan Nash with assistance from Cooper Crouse, Matthew Lupton and Dillon Zwick. SC&H Capital was Sunland’s investment banker led by Ken Mann and Hank Waida.
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.
