King & Spalding

Gamida Cell Announces Commencement of Restructuring Process Supported by Highbridge Capital Management

Retrieved on: 
Wednesday, March 27, 2024
RSA, Cell, Herzog, Fox & Ne'eman, Patient, LLP, Highbridge Capital Management, King & Spalding, Cooley LLP, Therapy, Bank

BOSTON and NEW YORK, March 27, 2024 (GLOBE NEWSWIRE) -- Gamida Cell Ltd. (Nasdaq: GMDA), a cell therapy pioneer working to turn cells into powerful therapeutics, today announced that it has entered into a Restructuring Support Agreement (the “RSA” or “transaction”) with certain funds managed by Highbridge Capital Management, LLC (“Highbridge”), the Company’s principal lender. The transaction is anticipated to provide Gamida Cell with a long-term financial runway and support the ongoing commercialization of Omisirge® (omidubicel-onlv) and is expected to be completed through a voluntary Israeli restructuring proceeding.

Key Points: 
  • “In March 2023, Gamida Cell embarked on an extensive strategic process to address its capital structure and liquidity constraints by partnering Omisirge with a third party,” said Abbey Jenkins, President and Chief Executive Officer of Gamida Cell.
  • The Company will receive $30 million of new capital from Highbridge on the effective date of the restructuring.
  • Gamida Cell will become a private company, wholly owned by Highbridge, and the Company’s outstanding ordinary shares are expected to be canceled.
  • “Despite Gamida Cell’s financial struggles, we believe in the potential of Omisirge to fulfill an important unmet need in stem cell transplant,” said Jonathan Segal, Co-Chief Investment Officer at Highbridge Capital Management.

Dude Perfect® and Highmount Capital® Announce Partnership Inclusive of Strategic Growth Capital

Retrieved on: 
Tuesday, April 9, 2024
ESPN, Growth, Sport, Entrepreneurship, Dallas International Film Festival, Dude, Partnership, Trust, General partnership, King & Spalding, 1,000,000, Athlete, Dude Perfect, System, Atmosphere

FRISCO, Texas, April 9, 2024 /PRNewswire/ -- Dude Perfect®, the leading family-friendly sports and entertainment group, and Highmount Capital®, a private investment firm focused on early growth-stage and middle market investments in transformative technology, media and growth-oriented platforms, today announced a strategic partnership to fuel Dude Perfect's growth and influence on and beyond traditional channels. The partnership includes a 9-figure growth capital investment, which Dude Perfect will use to pursue bold new opportunities and projects, add to their slate of creative partnerships, and build a robust management team to lead the group to new heights.

Key Points: 
  • The partnership includes a 9-figure growth capital investment, which Dude Perfect will use to pursue bold new opportunities and projects, add to their slate of creative partnerships, and build a robust management team to lead the group to new heights.
  • "The mission of Dude Perfect is to serve families with the most trusted entertainment on earth," said Coby Cotton from Dude Perfect.
  • "The name 'Dude Perfect' is synonymous with creative, fun, and wholesome entertainment at the intersection of sports and comedy.
  • CAA Evolution served as the exclusive financial advisor to Dude Perfect and King & Spalding acted as its legal advisor.

Pembina Pipeline Corporation Announces Significant Milestones Achieved on Cedar LNG

Retrieved on: 
Thursday, April 4, 2024
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Pembina Pipeline, PBA, CIBC, PPL, Haisla, Black & Veatch, Montney, British Columbia, MUFG Bank, Environment, Natural gas, Growth, Coastal GasLink Pipeline, Project, Notice, Partnership, Risk, FID, Knowledge, Environmental impact assessment, ARC Resources, Black, LLP, Carbon, King & Spalding, TSX, Engineering, Climate change, Hydrocarbon, Samsung Heavy Industries, CGL, ARC, WCSB, Haisla Nation, Capital, NGL, Multimedia, BC Hydro, Marketing, Government, NTP, Panama Canal, Economics, EPC

In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.

Key Points: 
  • In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.
  • Cedar LNG has secured a 20-year take-or-pay, fixed toll contract with ARC Resources for 1.5 million mtpa of LNG.
  • "We are proud to partner with Cedar LNG, the Haisla Nation and Pembina Pipeline who share our commitment to responsible energy development."
  • Once operational, Cedar LNG is expected to generate annual run-rate adjusted EBITDA of US$200 million to US$260 million, net to Pembina.

Acorda Therapeutics and Merz Announce Signing of “Stalking Horse” Asset Purchase Agreement

Retrieved on: 
Monday, April 1, 2024
Health, Neurology, Other Health, General Health, Clinical Trials, Pharmaceutical, Biotechnology, SVB Securities, Bankruptcy, Neurotoxin, Multiple sclerosis, Patient, King & Spalding, Merz, Sale, Perella Weinberg Partners, LLP, Security (finance), United States bankruptcy court, Morgan Stanley, Ernst & Young, DSM-IV codes, Therapy, Acorda Therapeutics

Acorda Therapeutics, Inc. (Nasdaq: ACOR) (“Acorda” or “the Company”) today announced that it has entered into an asset purchase agreement with Merz Therapeutics to purchase substantially all of the assets of Acorda, including the rights to INBRIJA, AMPYRA, and FAMPYRA for $185 million.

Key Points: 
  • Acorda Therapeutics, Inc. (Nasdaq: ACOR) (“Acorda” or “the Company”) today announced that it has entered into an asset purchase agreement with Merz Therapeutics to purchase substantially all of the assets of Acorda, including the rights to INBRIJA, AMPYRA, and FAMPYRA for $185 million.
  • Merz Therapeutics, a leader in the field of neurotoxins, is a business of the global family-owned company Merz, headquartered in Frankfurt am Main, Germany.
  • The decision to file for Chapter 11 protection follows a lengthy strategic review during which the Company explored a wide range of strategic options.
  • Upon court approval, Acorda expects to minimize the impact of the bankruptcy process on its employees, customers, patients, and other key stakeholders.

Ronald Hewitt Joins Seward & Kissel’s Global Banking and Corporate Trust Group

Retrieved on: 
Monday, March 18, 2024
Finance, Consulting, Banking, Professional Services, Legal, Government, Russell Johnston, Private, Seward & Kissel, King & Spalding, University, Lawsuit, Kirkland & Ellis, Covington & Burling, Trustee, Multimedia, Kelley Drye & Warren

Seward & Kissel LLP announced today that Ronald A. Hewitt , formerly with Covington & Burling LLP, has joined the firm’s New York office as a partner in the Global Banking and Corporate Trust Group .

Key Points: 
  • Seward & Kissel LLP announced today that Ronald A. Hewitt , formerly with Covington & Burling LLP, has joined the firm’s New York office as a partner in the Global Banking and Corporate Trust Group .
  • View the full release here: https://www.businesswire.com/news/home/20240318527179/en/
    Ronald Hewitt Joins Seward & Kissel’s Global Banking and Corporate Trust Group (Photo: Business Wire)
    In a tenure spanning nearly two decades at Covington, Hewitt represented institutional clients in all aspects of finance, corporate restructuring, capital markets, and derivative transactions, as well as related regulatory compliance.
  • “Ron’s breadth of expertise in non-distressed and distressed financial transactions immediately strengthens our team in the Global Banking and Corporate Trust Group,” said Jim Cofer , managing partner of Seward & Kissel.
  • “Ron’s commercial approach to solving complex issues and his focus on delivering elite client service squarely align with the group’s core values,” added Gregg Bateman , head of Seward & Kissel’s Global Banking and Corporate Trust Group.

Ridgewood Infrastructure Announces Structured Equity Investment in MN8 Energy, One of America's Largest Privately Owned Solar Energy Companies

Retrieved on: 
Monday, April 1, 2024
Partnership, EV, MN8, King & Spalding, Wells Fargo, Growth, Investment, Environment, Renewable energy

NEW YORK, April 1, 2024 /PRNewswire/ -- Ridgewood Infrastructure LLC ("Ridgewood"), a leading investor in essential infrastructure in the U.S., today announced a strategic investment in MN8 Energy, LLC ("MN8"), one of America's largest independent U.S. solar energy producers.

Key Points: 
  • NEW YORK, April 1, 2024 /PRNewswire/ -- Ridgewood Infrastructure LLC ("Ridgewood"), a leading investor in essential infrastructure in the U.S., today announced a strategic investment in MN8 Energy, LLC ("MN8"), one of America's largest independent U.S. solar energy producers.
  • This investment will help facilitate the ongoing growth of MN8's portfolio of solar, storage, and EV charging projects.
  • "Ridgewood Infrastructure is committed to investing in companies that lead the way in sustainability-focused infrastructure.
  • Our investment in MN8 reflects our dedication to supporting renewable energy initiatives that not only benefit the environment but also offer long-term, sustainable solutions for communities," said Michael Albrecht, Managing Partner of Ridgewood Infrastructure.

Ridgewood Infrastructure Announces Structured Equity Investment in MN8 Energy, One of America's Largest Privately Owned Solar Energy Companies

Retrieved on: 
Monday, April 1, 2024
Partnership, EV, MN8, King & Spalding, Wells Fargo, Growth, Investment, Environment, Renewable energy

NEW YORK, April 1, 2024 /PRNewswire/ -- Ridgewood Infrastructure LLC ("Ridgewood"), a leading investor in essential infrastructure in the U.S., today announced a strategic investment in MN8 Energy, LLC ("MN8"), one of America's largest independent U.S. solar energy producers.

Key Points: 
  • NEW YORK, April 1, 2024 /PRNewswire/ -- Ridgewood Infrastructure LLC ("Ridgewood"), a leading investor in essential infrastructure in the U.S., today announced a strategic investment in MN8 Energy, LLC ("MN8"), one of America's largest independent U.S. solar energy producers.
  • This investment will help facilitate the ongoing growth of MN8's portfolio of solar, storage, and EV charging projects.
  • "Ridgewood Infrastructure is committed to investing in companies that lead the way in sustainability-focused infrastructure.
  • Our investment in MN8 reflects our dedication to supporting renewable energy initiatives that not only benefit the environment but also offer long-term, sustainable solutions for communities," said Michael Albrecht, Managing Partner of Ridgewood Infrastructure.

J.F. Lehman & Company Completes Acquisition of Mission Microwave

Retrieved on: 
Thursday, March 14, 2024
Bucs, Growth, Entrepreneurship, Gallium nitride, SMBC, Swap, King & Spalding, Ka band, Government, Barings LLC, Management

Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce that an investment affiliate has acquired Mission Microwave Technologies, LLC ("Mission" or the "Company").

Key Points: 
  • Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce that an investment affiliate has acquired Mission Microwave Technologies, LLC ("Mission" or the "Company").
  • Founded in 2014 and headquartered in Cypress, CA, Mission is a leading provider of Solid-State Power Amplifiers (SSPAs) and Block Upconverters (BUCs) to the satellite communications market.
  • Utilizing advanced gallium nitride (GaN) transistors, unique power combining technology and novel full-system designs, Mission provides the industry's most efficient, lightweight, and compact high-power devices.
  • KippsDeSanto & Co. served as financial advisor to Mission, and Phillips Lytle provided legal counsel to Mission and its majority equity holders.

J.F. Lehman & Company Completes Acquisition of Mission Microwave

Retrieved on: 
Thursday, March 14, 2024
Bucs, Growth, Entrepreneurship, Gallium nitride, SMBC, Swap, King & Spalding, Ka band, Government, Barings LLC, Management

Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce that an investment affiliate has acquired Mission Microwave Technologies, LLC ("Mission" or the "Company").

Key Points: 
  • Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce that an investment affiliate has acquired Mission Microwave Technologies, LLC ("Mission" or the "Company").
  • Founded in 2014 and headquartered in Cypress, CA, Mission is a leading provider of Solid-State Power Amplifiers (SSPAs) and Block Upconverters (BUCs) to the satellite communications market.
  • Utilizing advanced gallium nitride (GaN) transistors, unique power combining technology and novel full-system designs, Mission provides the industry's most efficient, lightweight, and compact high-power devices.
  • KippsDeSanto & Co. served as financial advisor to Mission, and Phillips Lytle provided legal counsel to Mission and its majority equity holders.

Seward & Kissel Appoints Kevin Neubauer as Co-Head of the Firm’s Investment Management Group

Retrieved on: 
Monday, March 4, 2024
Professional Services, Legal, Finance, Consulting, Banking, Accounting, Private equity, Goldberg, Growth, Lawsuit, Seward & Kissel, Government, Private, Kelley Drye & Warren, Kirkland & Ellis, Organization, King & Spalding, Russell Johnston, Providence Equity

Seward & Kissel is pleased to announce that Kevin Neubauer has been named co-head of the firm’s Investment Management Group, effective March 1.

Key Points: 
  • Seward & Kissel is pleased to announce that Kevin Neubauer has been named co-head of the firm’s Investment Management Group, effective March 1.
  • He succeeds Robert Van Grover , who served in the role for more than 10 years and will remain an active partner in the Investment Management Group.
  • “Kevin has repeatedly demonstrated his ability to be an effective leader, both with respect to client matters and strategic firm initiatives,” said Seward & Kissel managing partner Jim Cofer .
  • Neubauer, who was elevated to partner at Seward & Kissel in 2020, originally joined the firm in 2009.