Ropes & Gray

Former Assistant U.S. Attorney Sarah Walters Joins Ropes & Gray

Retrieved on: 
Tuesday, April 30, 2024
Ropes & Gray, Lawyer, Woman, Private practice, Justice, Fraud, False Claims Act, FCA, Accounting, AUSA, Financial Times, Practice of law

Sarah is praised by Chambers for her "sophisticated representation of health care and financial services sector clients in complex criminal and civil litigation."

Key Points: 
  • Sarah is praised by Chambers for her "sophisticated representation of health care and financial services sector clients in complex criminal and civil litigation."
  • Sarah brings a deep track record of experience to Ropes & Gray and its clients.
  • Sarah represents clients in industries where Ropes & Gray is a powerhouse, including health care, life sciences, private equity and asset management.
  • "Sarah is a brilliant attorney who joins a brilliant team," said managing partner David Djaha.

Eversource Energy Announces Execution of Definitive Agreement with Ørsted to Sell Sunrise Wind

Retrieved on: 
Friday, April 19, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Goldman Sachs, Sale, Public, Climate change, Eversource Energy, Weather, Risk, Innovation system, Natural gas, Security (finance), Ropes & Gray, Carbon, Development, Public expenditure, Wind, Public policy, Terrorism, Confidentiality, Renewable energy

Eversource Energy (NYSE: ES) (“Eversource”) today announced it has finalized definitive documents regarding its previously announced agreement to sell its 50 percent ownership stake in the 924-megawatt Sunrise Wind project to Ørsted.

Key Points: 
  • Eversource Energy (NYSE: ES) (“Eversource”) today announced it has finalized definitive documents regarding its previously announced agreement to sell its 50 percent ownership stake in the 924-megawatt Sunrise Wind project to Ørsted.
  • Eversource will remain contracted, under a separate construction management agreement, to lead the onshore construction of the Sunrise Wind project following the closing.
  • “We’re proud of the work we have already accomplished for Sunrise Wind and look forward to assisting Ørsted and the State of New York in advancing this important clean energy project through our continued onshore support,” said Joe Nolan, Chief Executive Officer and President of Eversource Energy.
  • Sunrise Wind was subsequently selected by New York State in February 2024 to move forward with contract negotiations with NYSERDA.

Tillman Infrastructure Secures $1 Billion in Financing to Drive Growth

Retrieved on: 
Thursday, April 25, 2024
Chase Bank, MUFG Bank, Oliver Cromwell, WISP, HPS, JPMorgan Chase, Communication, Ropes & Gray, Investment banking, CoBank, Banco Santander, Sullivan & Cromwell, Sumitomo Mitsui Banking Corporation, Internet service provider

NEW YORK, April 25, 2024 /PRNewswire/ -- Tillman Infrastructure, LLC ("Tillman Infrastructure"), a leading provider of wireless communication infrastructure, today announced the successful completion of a financing package totaling $1 billion.

Key Points: 
  • NEW YORK, April 25, 2024 /PRNewswire/ -- Tillman Infrastructure, LLC ("Tillman Infrastructure"), a leading provider of wireless communication infrastructure, today announced the successful completion of a financing package totaling $1 billion.
  • The proceeds will be used to refinance existing loans and provide additional growth capital to support its wireless carrier and wireless infrastructure service provider (WISP) customers' infrastructure needs.
  • "The Tillman Infrastructure team continues to deliver industry leading solutions for our customers," said Suruchi Ahuja, CEO of Tillman Infrastructure.
  • Tillman Infrastructure is a portfolio company of Tillman Global Holdings, a U.S. based private investment firm that invests in, owns, and operates digital and energy infrastructure businesses.

DOJ Senior Trial Counsel Amy Kossak Joins Ropes & Gray's Government Enforcement Team

Retrieved on: 
Tuesday, April 9, 2024
Ropes & Gray, Lawyer, Woman, Justice, Female, FCA, DOJ, Band I, Medicare, Assistant, Fraud, Government, False Claims Act

WASHINGTON, April 9, 2024 /PRNewswire/ -- Global law firm Ropes & Gray is expanding its renowned government enforcement group with Amy Kossak, who joins the firm as a partner in Washington, D.C. from the U.S. Department of Justice.

Key Points: 
  • Ropes & Gray's team is recognized for helping its clients mitigate potential FCA liability, navigate enforcement actions, and resolve litigation.
  • She was a formidable leader in matters for the DOJ spanning the pharmaceutical, biotech, health care and insurance industries.
  • "Amy's experience and practical, business-focused approach will help grow and continue to distinguish Ropes & Gray's litigation & enforcement practice.
  • Amy is the second partner to join Ropes & Gray's global litigation & enforcement practice in the last four weeks.

CoreRx, Inc. Completes Acquisition of Societal CDMO, Inc.

Retrieved on: 
Monday, April 8, 2024
Smith, LLP, Acquisition, Therapy, Ropes & Gray, Eastern Time Zone, Society

Following the completion of the tender offer, CoreRx completed the acquisition of Societal CDMO through the previously planned second-step merger under Section 321(f) of the Pennsylvania Business Corporation Law of 1988.

Key Points: 
  • Following the completion of the tender offer, CoreRx completed the acquisition of Societal CDMO through the previously planned second-step merger under Section 321(f) of the Pennsylvania Business Corporation Law of 1988.
  • As a result of the merger, Societal CDMO became a wholly-owned subsidiary of CoreRx.
  • The common stock of Societal CDMO will be delisted from the Nasdaq Capital Market.
  • Raymond James & Associates, Inc. served as financial advisor, and Goodwin Procter LLP served as legal advisor to Societal CDMO.

Rhythm Pharmaceuticals Secures $150 Million in Convertible Preferred Stock Financing

Retrieved on: 
Monday, April 1, 2024
Patient, Sale, LLP, Investment, Latham & Watkins, Ropes & Gray, MC4R, Security (finance)

The transaction is expected to close on or about April 15, 2024, subject to the satisfaction of customary closing conditions.

Key Points: 
  • The transaction is expected to close on or about April 15, 2024, subject to the satisfaction of customary closing conditions.
  • Holders of the Preferred Stock will be entitled to a 6% cumulative annual dividend, commencing on the second anniversary of closing.
  • The Preferred Stock will vote with the common stock on an as-converted basis, subject to satisfaction of certain antitrust-related conditions.
  • The Company has agreed to grant the investors certain registration rights with respect to the common stock underlying the Preferred Stock.

Leading Providers of Early Childhood Education Training Join Forces to Serve Industry Needs

Retrieved on: 
Tuesday, March 26, 2024
Certification, Education, Child, CDA, StraighterLine, Sale, Acquisition, PST, Council, Curriculum, American Progress, National Association, Ropes & Gray, CCEI, Nursing

This acquisition expands StraighterLine’s early childhood education training and certification solutions as ProSolutions Training (PST) joins ChildCare Education Institute (CCEI) as the newest subsidiary under StraighterLine.

Key Points: 
  • This acquisition expands StraighterLine’s early childhood education training and certification solutions as ProSolutions Training (PST) joins ChildCare Education Institute (CCEI) as the newest subsidiary under StraighterLine.
  • “Now more than ever, there is a great need for qualified early care and education workers across the nation.
  • We are excited to join together to provide the best-in-class early childhood training and certification services to upskill this industry,” said Shweta Kabadi, interim CEO of StraighterLine.
  • Founded in 2008, ProSolutions Training offers more than 120 individual online professional development training courses, multi-course packages, and certificates in early care and education.

CoreRx, Inc. Completes Acquisition of Societal CDMO, Inc.

Retrieved on: 
Monday, April 8, 2024
Biotechnology, Manufacturing, Other Manufacturing, Health, Pharmaceutical, Smith, LLP, Acquisition, Therapy, Ropes & Gray, Eastern Time Zone, Society

CoreRx, Inc. (“CoreRx”) today announced that it has completed its acquisition of Societal CDMO, Inc. (“Societal CDMO”) (Nasdaq: SCTL), a contract development and manufacturing organization dedicated to solving complex formulation and manufacturing challenges primarily focused on small molecule therapeutics.

Key Points: 
  • CoreRx, Inc. (“CoreRx”) today announced that it has completed its acquisition of Societal CDMO, Inc. (“Societal CDMO”) (Nasdaq: SCTL), a contract development and manufacturing organization dedicated to solving complex formulation and manufacturing challenges primarily focused on small molecule therapeutics.
  • Following completion of the tender offer, CoreRx completed the acquisition of Societal CDMO through the previously planned second-step merger under Section 321(f) of the Pennsylvania Business Corporation Law of 1988.
  • As a result of the merger, Societal CDMO became a wholly owned subsidiary of CoreRx.
  • Raymond James & Associates, Inc. served as financial advisor and Goodwin Procter LLP served as legal advisor to Societal CDMO.

Choate Welcomes Three Private Equity Partners

Retrieved on: 
Wednesday, March 13, 2024
Partner, Growth, Private equity, Lowenstein Sandler, Ropes & Gray, Chambers and Partners, Chairperson, Equity (finance), Financial services

BOSTON, March 13, 2024 (GLOBE NEWSWIRE) -- Choate Hall & Stewart announced today that Chris Henry, Andy Erdmann, and Sabrina Cua joined the Firm as partners in its Private Equity Group.

Key Points: 
  • BOSTON, March 13, 2024 (GLOBE NEWSWIRE) -- Choate Hall & Stewart announced today that Chris Henry, Andy Erdmann, and Sabrina Cua joined the Firm as partners in its Private Equity Group.
  • Andy and Sabrina, also formerly partners at Lowenstein Sandler, bring an additional combined 30 years of experience in private equity, public M&A and capital markets transactions.
  • Choate has extensive experience in private equity (including launching one of the first private equity funds in the early 1980s) and has a reputation for being strategic, commercially minded, and results oriented.
  • We are excited to introduce our clients to Choate, and to add to the growth of the Private Equity practice.”

The Rawlings Group Announces Growth Investment from New Mountain Capital

Retrieved on: 
Tuesday, April 2, 2024
Insurance, Data Analytics, Finance, Health, Asset Management, Health Technology, Professional Services, Health Insurance, Growth, Private equity, Philosophy, Artificial intelligence, LLP, AI, DeBevoise, Martha Plimpton, Investment, Multimedia, Ropes & Gray, Barclays

The Rawlings Group (“Rawlings” or the “Company”), a leading coverage analytics provider ensuring payment accuracy on behalf of its health plan clients, today announced a strategic investment from affiliates of New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with approximately $50 billion in assets under management.

Key Points: 
  • The Rawlings Group (“Rawlings” or the “Company”), a leading coverage analytics provider ensuring payment accuracy on behalf of its health plan clients, today announced a strategic investment from affiliates of New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with approximately $50 billion in assets under management.
  • New Mountain is partnering with the Rawlings management team to support the next phase of growth for the Company, including investments in artificial intelligence, product development, and expansion into new markets and capabilities.
  • With the help of our new partners, the company will continue its growth and success on behalf of health insurers,” said Ryan Little, CEO of The Rawlings Group.
  • AMB Investment Bank served as financial advisor and Ropes & Gray LLP served as legal advisor to New Mountain Capital.