AWARDS & RANKINGS / PRESS RELEASE
McDermott Named Law Firm of the Year Finalist by Florida Legal Awards
February 5, 2024
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Miami, February 5, 2024 – International law firm McDermott Will & Emery has been named a Law Firm of the Year finalist in the Daily Business Review’s Florida Legal Awards 2024. This is the first year in which the category was researched.
McDermott has also been shortlisted for ESG Impact in recognition of its commitment to social responsibility through client-focused efforts, pro bono work and charitable drives. Organizations the Firm supports include TransSOCIAL, National Veterans Legal Services Program and Legal Services of Greater Miami, among others.
In addition to the Firm recognitions, Partner Michael Bruno was selected as an On the Rise honoree, and Partner Arianne Plasencia was named the Diversity & Inclusion (Individual) winner.
The Daily Business Review’s annual legal awards recognize distinguished members of the Florida legal community in assorted areas of the law. Honorees will be recognized, and winners in finalist categories will be announced, at the Florida Legal Awards event in April.
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 Kadans Science Partner on the Development of an Office and Laboratory Building on the Biotech Campus in Mainz
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Kadans Science Partner on the Development of an Office and Laboratory Building on the Biotech Campus in Mainz
February 1, 2024
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Düsseldorf, Februaty 1, 2024 – McDermott Will & Emery advises the international science park and network operator Kadans Science Partner in connection with the development of an innovative research building on the Biotech Campus in Mainz, Germany.
In cooperation with the Technology Center Mainz (TZM), Kadans Science Partner will realize attractive office and laboratory space at the biotechnology and innovation location Mainz.
Kadans Science Partner supports innovative companies in the life sciences sector in their research and development by providing state-of-the-art infrastructure and specialized facilities. The company has been a portfolio company of Axa Investment Managers since 2020 and currently leases around 500,000 m² of space in six European countries.
The McDermott team is led by partner Thomas Beisken and comprised partners Philipp-Gerald Hammes, Alexa Ningelgen and Florian Schiefer as well as associates Carolin Irla and Tim Weill.
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McDermott Represents Qcells in its Historic Eight-Year Strategic Alliance with Microsoft
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Qcells in its Historic Eight-Year Strategic Alliance with Microsoft
January 30, 2024
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International law firm McDermott Will & Emery represented Qcells, a global leader in complete clean energy solutions, in its historic eight-year strategic alliance agreement with Microsoft Corp. (Microsoft), a global technology company and one of the world’s largest purchasers of renewable energy. QCells will supply Microsoft with 12 GW of solar modules and engineering, procurement, and construction (EPC) services – the equivalent of powering 1.8 million homes annually. The agreement will help decarbonize the grid and diversify the global clean energy supply chain.
The McDermott deal team was led by Debbie Harrison and Andrew Kim and included Phil Tingle, Seth Doughty and Princess Fuller.
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 Oka, The Carbon Insurance Company™ in Connection with Lloyd’s and US Platforms and Cloverly Partnership to Launch First-Ever Insured Carbon Credits
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Represents Oka, The Carbon Insurance Company™ in Connection with Lloyd’s and US Platforms and Cloverly Partnership to Launch First-Ever Insured Carbon Credits
January 30, 2024
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International law firm McDermott Will & Emery represented Oka, The Carbon Insurance Company™ (Oka) in its launch of a Lloyd’s syndicate-in-a-box and US service company providing first-of-its-kind insurance protections against carbon credit risks. McDermott represents Oka in all aspects of its business including the negotiation of terms with Asta Managing Agency Ltd, the managing agent of the Lloyd’s syndicate and the de novo development with Oka of its innovative insurance product intended to protect against certain reversal and invalidation risks to buyers in the voluntary carbon credit market.
Oka’s partnership with Cloverly, the leading digital platform for climate action, is first to market with a new brand of credit that reduces the risk of carbon offsetting. The premium credits — available exclusively to 300+ global enterprises through Cloverly — come pre-wrapped in Oka insurance, providing reversal and invalidation protections for buyers of the carbon credits. Cloverly’s innovative platform together with Oka’s risk infrastructure creates a seamless and more secure route to climate action.
The McDermott deal team was led by Michael Halsband and Mike Byrne and included Ryan Smethurst, Jacob Hollinger, Andrea Best, Ellie West, Sarah Gabbai, Amber Adair, Leigh Solomon and Leila Fujiwara.
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 HYUNDAI on Strategic Investment in FLAXRES
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises HYUNDAI on Strategic Investment in FLAXRES
January 30, 2024
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Frankfurt, January 25, 2024 – McDermott Will & Emery has advised the Korean HYUNDAI Corporation on the acquisition of a strategic stake in FLAXRES GmbH, headquartered in Dresden, Germany, from FLAXTEC GmbH. Both companies have been portfolio companies of the German-Dutch management holding company econnext AG since 2021.
FLAXRES GmbH, founded in 2017, is a technology provider for the pure separation of composite materials, in particular for the recycling of photovoltaic modules.
HYUNDAI Corporation was established in 1976 as an import and export trading house of HYUNDAI Group. It has grown as a representative general trading company in Korea with excellent results in international trade focusing on heavy chemical products, overseas investment, and energy & resource development fields.
The McDermott team was led by partner Florian Lechner and counsel Christian Marzlin and comprised partners Heiko Kermer, Steffen Woitz and Deniz Tschammler, counsel Laura Stammwitz as well as associates Lisa Schickling, Sönke Wassermann and Alexandra Heberle.
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Profiting From Data: Schulte partners Peter Greene and Ben Kozinn featured on Eagle Alpha podcast
PRESS RELEASE
Profiting From Data: Schulte partners Peter Greene and Ben Kozinn featured on Eagle Alpha podcast
January 30, 2024
Read time: 2 min
Schulte Roth & Zabel partners Peter Greene and Ben Kozinn were recently featured on Eagle Alpha‘s “Profiting From Data” podcast. They reviewed the most prominent legal themes from 2023 and provided their perspectives on what to expect in 2024. Peter and Ben also examined the increased regulatory demand placed on consumers of alternative data, continued SEC scrutiny on alternative data containing material nonpublic information and the need for firms to adopt and apply robust due diligence policies and procedures.
Listen to the podcast here.
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McDermott Comment | Evergrande: Crisis-Hit Chinese Property Giant Ordered To Liquidate
PRESS RELEASE
McDermott Comment | Evergrande: Crisis-Hit Chinese Property Giant Ordered To Liquidate
January 29, 2024
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Peter Lu, Global Head of China Practice at law firm McDermott Will & Emery, said:
“This case is also important in the context of the new Hong Kong and Chinese mainland reciprocal enforcement of judgments regime which took effect today. I am confident the relevant parties have already started to consider how to use the new regime to their advantage. Litigating in Hong Kong that is directly enforceable in mainland China, is a sensible strategy I would advise my clients to follow.”
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McDermott Advises Main Capital on the Acquisition of a Majority Stake in Buchner & Partner
DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Advises Main Capital on the Acquisition of a Majority Stake in Buchner & Partner
Januar 25, 2024
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Munich, January 25, 2024 – McDermott Will & Emery has advised Main Capital Partners on the acquisition of a majority stake in software provider Buchner & Partner GmbH.
The management team around company founder Ralf Buchner continues to hold a significant minority stake in the company and will work closely together with Main Capital Partners in the next growth phase.
Founded in Kiel, Germany, in 1991, Buchner & Partner GmbH develops software solutions for practice management, primarily for patient and prescription management, invoicing and personnel management. With approx. 160 employees, the company serves around 45,000 physiotherapists, occupational therapists, speech therapists, podiatrists and other medical professionals.
Main Capital Partners is a leading software investor with over €2.2 billion in assets under management and an active portfolio of more than 40 software companies in the DACH region, the Benelux and Nordic countries and the USA.
McDermott Will & Emery regularly acts as advisor to Main Capital Partners in transactions.
The McDermott team was led by partner Hanno M. Witt (Private Equity, Munich) and comprised partners Dustin Schwerdtfeger (Corporate Finance, Düsseldorf), Deniz Tschammler (Commercial/Regulatory, Frankfurt), Christian Rolf (Frankfurt), Thomas Gennert, Gudrun Germakowski (both Düsseldorf; all Employment) and Christian Masch (IP/IT, Munich), counsel Christian Marzlin (Private Equity, Frankfurt), Marcus Fischer (Tax, Frankfurt), Claus Färber (IP/IT, Munich) as well as associates Nicole Kaps, Berfin Sahin (both Private Equity, Munich), Matthias M. Bosbach, Romy Lanz (both Finance, Düsseldorf), Simon Apelojg (IP/IT, Munich), Lukas Deutzmann (Cologne/Düsseldorf), Ilva Woeste (Frankfurt; both Employment), Dr. Lea Hachmeister (Healthcare/Regulatory, Frankfurt).
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Schulte advises White Hat Capital Partners in $45 million investment and stock exchange with Comtech Telecommunications
PRESS RELEASE
Schulte advises White Hat Capital Partners in $45 million investment and stock exchange with Comtech Telecommunications
January 25, 2024
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Schulte Roth & Zabel advised White Hat Capital Partners LP (“White Hat”) in a $45 million investment in Comtech Telecommunications Corp. (“Comtech” or the “Company”), a global technology company. This investment will enhance Comtech’s financial flexibility and support its strategic initiatives in satellite ground station infrastructure and next-generation terrestrial and wireless solutions.
White Hat is an investment firm focused on sustainable value creation in technology companies serving mission-critical applications, and funds affiliated with Magnetar, an alternative investment manager with over $14 billion of assets under management.
As part of the deal, White Hat and Magnetar purchased a new series of convertible preferred stock and exchanged all outstanding shares of Comtech’s existing convertible preferred stock for shares of the new series of convertible preferred stock.
The Schulte team was led by partner Ele Klein, co-chair of the firm’s M&A and Securities Group, with M&A and Securities special counsel Ryan Post and Clara Zylberg.
Read the press release here.
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McDermott Welcomes Private Equity Partner in New York
PRESS RELEASE
McDermott Welcomes Private Equity Partner in New York
January 23, 2024
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International law firm McDermott Will & Emery welcomes Julia Boyd as a partner in its Transactions Practice Group in New York. Julia is well known in the New York private equity space and regularly advises on a variety of cross-border transactions.
“We expect a very busy 2024 for private equity transactions across several industries, including healthcare, energy and technology,” said Harris Siskind, global head of McDermott’s Transactions Practice Group. “Julia brings experience in these ‘power alley’ areas, and we’re thrilled she has chosen McDermott.”
Julia represents private equity, private credit and venture capital funds in addition to portfolio companies in complex corporate transactions. She counsels clients across industries on domestic and international mergers, asset and stock acquisitions, leveraged buyouts, bolt-ons, private equity and venture capital investments, growth equity financings, recapitalizations, corporate restructurings and dispositions.
Julia also represents clients in connection with governance, executive compensation and other corporate and commercial matters. Her clients come from a wide range of industries, including healthcare, technology, education, financial services, entertainment, consumer goods, manufacturing and general industrials.
“McDermott’s deep private equity bench and industry-leading healthcare and life sciences practices present compelling opportunities to collaborate across practice groups and provide more strategic counsel to clients,” said Julia.
Passionate about promoting justice, diversity, equity and inclusion, Julia co-founded Senior Women in Private Equity (SWIPE), an informal network of senior female investment professionals in private equity, private credit and venture capital firms. SWIPE has over 3,500 members globally.
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.
