Cadwalader

AlTi Tiedemann Global welcomes strategic investment of up to $450m from Allianz X and Constellation Wealth Capital

Retrieved on: 
Thursday, February 22, 2024

AlTi Global, Inc. (NASDAQ: ALTI), a leading independent global wealth and alternatives manager with approximately $68 billion in combined assets, today announced a strategic investment of up to $450 million by Allianz X and Constellation Wealth Capital (“CWC”).

Key Points: 
  • AlTi Global, Inc. (NASDAQ: ALTI), a leading independent global wealth and alternatives manager with approximately $68 billion in combined assets, today announced a strategic investment of up to $450 million by Allianz X and Constellation Wealth Capital (“CWC”).
  • CWC, an investment advisory firm specializing in making investments in industry-leading wealth managers, will invest $150 million.
  • AlTi will use the capital principally to fund its mergers and acquisitions (“M&A”) pipeline and organic growth activities.
  • Michael Tiedemann, Chief Executive Officer of AlTi Tiedemann Global, said:
    “This investment accelerates AlTi’s trajectory to become the leading global independent UHNW wealth management platform, with strategic and targeted expertise in alternatives.

AngioDynamics Announces Sale of PICC and Midline Product Portfolios to Spectrum Vascular for $45 Million

Retrieved on: 
Thursday, February 15, 2024

The transaction consists of AngioDynamics’ PICC, Midline and tip location products.

Key Points: 
  • The transaction consists of AngioDynamics’ PICC, Midline and tip location products.
  • This combined portfolio of products contributed approximately $43.5 million in annual sales during AngioDynamics’ fiscal year 2023.
  • These products contributed approximately $5.5 million in annual sales during AngioDynamics’ fiscal year 2023.
  • The divestiture of the PICC and Midline businesses, together with the discontinuance of the radiofrequency ablation and Syntrax businesses, will reduce full-year fiscal 2024 revenue by approximately $50 million.

Royer Cooper Cohen Braunfeld LLC Welcomes Two Business Professionals to Leadership Team

Retrieved on: 
Monday, November 13, 2023

PHILADELPHIA, Nov. 13, 2023 /PRNewswire-PRWeb/ -- Royer Cooper Cohen Braunfeld LLC (RCCB), a law firm offering a distinctive combination of practical business acumen, legal expertise and entrepreneurial passion, today announced the addition of two new business professionals to its leadership team. Gina N. Nardo has joined RCCB as Chief Financial Officer (CFO) and Director of Operations and Amy Schaffer has joined the firm as Director of Business Development.

Key Points: 
  • Gina N. Nardo named CFO and Director of Operations; Amy Schaffer joins as Director of Business Development
    PHILADELPHIA, Nov. 13, 2023 /PRNewswire-PRWeb/ -- Royer Cooper Cohen Braunfeld LLC (RCCB), a law firm offering a distinctive combination of practical business acumen, legal expertise and entrepreneurial passion, today announced the addition of two new business professionals to its leadership team.
  • Gina N. Nardo has joined RCCB as Chief Financial Officer (CFO) and Director of Operations and Amy Schaffer has joined the firm as Director of Business Development.
  • Ms. Schaffer is a distinguished legal professional with a proven track record in marketing and business development.
  • "I look forward to advancing strategic business development initiatives and supporting our attorneys' continued efforts to deliver RCCB's brand of elevated client engagement."

Provident Bank Welcomes Chao Huang as Assistant General Counsel, Investor Relations Specialist

Retrieved on: 
Tuesday, October 31, 2023

ISELIN, N.J., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Provident Bank , a leading New Jersey-based financial institution, is pleased to welcome Chao Huang as Assistant General Counsel, Investor Relations Specialist.

Key Points: 
  • ISELIN, N.J., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Provident Bank , a leading New Jersey-based financial institution, is pleased to welcome Chao Huang as Assistant General Counsel, Investor Relations Specialist.
  • In addition, he will support senior management in creating materials related to financial results and strategic objectives including those related to quarterly earnings, conferences, and Investor Day presentations.
  • “I am thrilled to welcome Chao to this important role on our legal team,” said Bennett MacDougall, General Counsel and Corporate Secretary.
  • Mr. Huang has more than 10 years’ experience in corporate litigation and transactional law related to finance and real estate.

Lantheus Announces Agreement to Sell RELISTOR® Royalties to HealthCare Royalty

Retrieved on: 
Thursday, August 3, 2023

HealthCare Royalty (“HCRx”) has acquired the tiered, sales-based royalty rights on worldwide net sales of RELISTOR while Lantheus retains the rights to future sales-based milestone payments.

Key Points: 
  • HealthCare Royalty (“HCRx”) has acquired the tiered, sales-based royalty rights on worldwide net sales of RELISTOR while Lantheus retains the rights to future sales-based milestone payments.
  • “The sale of the RELISTOR royalties unlocks significant value, which can be strategically channeled into our rapidly growing and evolving radiopharmaceutical business.
  • During the twelve-month period ended December 31, 2022, Lantheus reported $22.3 million in aggregate royalties derived from net sales of RELISTOR.
  • Foley Hoag LLP acted as legal advisor to Lantheus and Cadwalader, Wickersham & Taft LLP acted as legal advisor to HCRx in connection with the transaction.

AngioDynamics Announces Sale of Dialysis Product Portfolio and BioSentry Product to Merit Medical Systems for $100 Million

Retrieved on: 
Thursday, June 8, 2023

The transaction consists of AngioDynamics’ DuraFlow™, DuraMax®, Evenmore®, Schon XL®, Trio-CT® and Vaxel Plus Hemodialysis Catheter brands, and BioSentry™ Tract Sealant System Biopsy brand.

Key Points: 
  • The transaction consists of AngioDynamics’ DuraFlow™, DuraMax®, Evenmore®, Schon XL®, Trio-CT® and Vaxel Plus Hemodialysis Catheter brands, and BioSentry™ Tract Sealant System Biopsy brand.
  • This combined portfolio of products contributed approximately $32 million in sales in AngioDynamics’ Fiscal Year 2023.
  • AngioDynamics intends to use net proceeds to eliminate its existing debt and support further strategic investments in growth and profitability.
  • Piper Sandler is serving as financial advisor, and Parr Brown Gee & Loveless is serving as legal advisor to Merit Medical Systems.

Litigator Boosts NYC Entertainment, Media & Sports Law Practice

Retrieved on: 
Wednesday, January 18, 2023

NEW YORK, Jan. 18, 2023 /PRNewswire/ -- Albert J. Soler, a seasoned and experienced litigator in entertainment, media, and intellectual property has joined the firm as Partner in Scarinci Hollenbeck's New York City office. 

Key Points: 
  • Seasoned Intellectual Property Attorney and Litigator Albert J. Soler Expands Scarinci's NYC Entertainment, Media, and Sports Law Practice
    NEW YORK, Jan. 18, 2023 /PRNewswire/ -- Albert J. Soler, a seasoned and experienced litigator in entertainment, media, and intellectual property has joined the firm as Partner in Scarinci Hollenbeck's New York City office.
  • As a litigator, Mr. Soler has represented clients in numerous corporate, commercial, and securities matters including breach of contract disputes, investigations by government and regulatory agencies, corporate compliance and more.
  • Prior to joining the firm, Mr. Soler was a litigator at Cadwalader, Wickersham & Taft in New York, NY, and founder of entertainment law firm Soler Legal, LLC.
  • You can learn more about Mr. Soler's background and legal practice at: www.scarincihollenbeck.com/attorneys/albert-j-soler
    This press release was originally published at: https://scarincihollenbeck.com/firm-news/albert-soler-joins-nyc-entertai...

Litigation Partner Rebecca Avrutin Foley Joins Raines Feldman in New York

Retrieved on: 
Tuesday, November 22, 2022

Raines Feldman is pleased to announce that Rebecca Avrutin Foley has joined the firm as a partner in the New York office.

Key Points: 
  • Raines Feldman is pleased to announce that Rebecca Avrutin Foley has joined the firm as a partner in the New York office.
  • Rebecca is a wonderful addition to our firm and fits in well with our collegial atmosphere that has become our cultural trademark, said Jonathan Littrell, Raines Feldmans Managing Partner.
  • With the addition of Rebecca and Los Angeles Partner Clif McFarland in Los Angeles, Raines Feldman has further expanded its capabilities in the litigation, real estate and environmental, land use and natural resources arena.
  • With offices in Los Angeles, Orange County, and New York, Raines Feldman has been strategically expanding its roster of lawyers across its practices nationwide.

CREFC Welcomes Real Estate Industry to Annual Miami Conference January 8-11, 2023

Retrieved on: 
Tuesday, November 8, 2022

MIAMI, Nov. 8, 2022 /PRNewswire/ -- The CRE Finance Council (CREFC), the industry trade association that exclusively represents the $5 trillion commercial and multifamily real estate finance industry, will host its annual Miami Conference on January 8-11, 2023. CREFC's premier event will gather nearly 2,000 finance professionals to discuss the topics, trends and challenges most pressing for industry participants in the year ahead, with this year's program focusing on matters such as housing affordability, outlook on office assets and upcoming regulation. Jonathan Pollack, Global Head of Structured Finance at Blackstone, will open the conference, sharing his outlook on the state of the real estate capital markets.

Key Points: 
  • "We are thrilled to be hosting our annual January Conference again this year in Miami," said Lisa Pendergast, Executive Director, CREFC.
  • "Since reconvening in-person, our conference attendees have benefitted from the various panels and networking opportunities and the spirited discussions that add value to our community.
  • CREFC is excited and grateful to have Cadwalader as the Partner Sponsor for this year's January Conference.
  • CREFC promotes liquidity, transparency, and efficiency in the commercial real estate finance markets, and acts as alegislative and regulatory advocatefor the industry, playing a vital role in setting market standards and best practices, and providingeducationfor market participants.

Raines Feldman Continues to Attract Top New York Talent as Leaders of Elite Corporate and Bankruptcy Boutiques Reunite

Retrieved on: 
Tuesday, September 20, 2022

Raines Feldman continues its rapid expansion in New York with the recent addition of three additional partners and boutique firm leaders to its newly opened Midtown office, further strengthening the firms bankruptcy and corporate practice groups.

Key Points: 
  • Raines Feldman continues its rapid expansion in New York with the recent addition of three additional partners and boutique firm leaders to its newly opened Midtown office, further strengthening the firms bankruptcy and corporate practice groups.
  • In 2014, she founded Callari Partners LLP which ultimately grew to seven attorneys, including former Cadwalader attorney David Forsh who has also joined Raines Feldman as a partner.
  • Gregg Shulklapper, a former Willkie alum and colleague of Callari, has also joined Raines Feldman as a partner in the firms corporate practice group.
  • Other recent additions include former Reed Smith corporate partner Mitchell Cohen in Los Angeles, and former Troutman Pepper corporate partner Derek Dundas in Orange County.