Willkie Farr & Gallagher

Permira Announces Substantial Investment in PharmaCord

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星期四, 六月 6, 2024

Professional Services, Health, Finance, Clinical Trials, Pharmaceutical, Biotechnology, Slate, SVB Securities, Organization, Centerview Partners, Growth, LLP, Jefferies Group, Willkie Farr & Gallagher, Pharmaceutical industry

Permira, the global investment firm, and PharmaCord LLC (“PharmaCord”), a leading provider of patient services for the pharmaceutical industry, today announced that a company backed by the Permira funds has signed a definitive agreement to make a substantial investment in PharmaCord.

Key Points:

Permira, the global investment firm, and PharmaCord LLC (“PharmaCord”), a leading provider of patient services for the pharmaceutical industry, today announced that a company backed by the Permira funds has signed a definitive agreement to make a substantial investment in PharmaCord.
Founder and Chief Executive Officer Nitin Sahney and the management team will continue to lead PharmaCord and will remain significant investors in the Company alongside the Permira funds.
“We are very excited to partner with a leading, growth-oriented, technology-focused investment firm like Permira to help us broaden our tech-enabled offerings and support our ambitious expansion efforts,” said Nitin Sahney, Founder and CEO of PharmaCord.
Jefferies LLC and Leerink Partners acted as financial advisors to Permira and Skadden, Arps, Slate, Meagher & Flom LLP acted as Permira’s legal counsel.

Levine Leichtman Capital Partners and ICG Announce Strategic Partnership with Law Business Research

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星期三, 五月 22, 2024

Professional Services, Legal, Finance, Partnership, Willkie Farr & Gallagher, Intellectual property, Risk, LBR, Growth, MBL, ICG

Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, and ICG, the global asset manager, announced today a strategic partnership with Law Business Research (“LBR”).

Key Points:

Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, and ICG, the global asset manager, announced today a strategic partnership with Law Business Research (“LBR”).
Under the arrangement, LLCP will return significant capital to its investors while remaining a shareholder alongside ICG.
LBR is a technology-driven information services business powering the global legal, intellectual property and governance, risk, and compliance markets.
We are excited to continue our successful journey with LLCP and to work with the ICG team to realize the full potential of our business.

Appgate Announces Comprehensive Recapitalization Process, Positioning Company for Long-Term Growth and Innovation

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星期一, 五月 6, 2024

Appgate (OTCMKTS: APGT, “the Company”), the secure access company, today announced a comprehensive restructuring plan designed to enhance its financial position and drive sustainable growth and performance.

Key Points:

Appgate (OTCMKTS: APGT, “the Company”), the secure access company, today announced a comprehensive restructuring plan designed to enhance its financial position and drive sustainable growth and performance.
This support is part of a broader commitment from Magnetar and other investors to aid Appgate through the restructuring phase, which is ultimately aimed at helping the company emerge debt-free.
The restructuring will not impact current or future operations, customer commitments, or trade partnerships, which are expected to continue seamlessly.
Appgate has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently known by Appgate.

Bruker Completes Asset Acquisition of NanoString Business

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星期一, 五月 6, 2024

Research, Science, Goldman Sachs, Corporation, BRKR, Uncertainty, NanoString Technologies, AlixPartners, Willkie Farr & Gallagher, Acquisition, Morgan, Lewis & Bockius, Growth

Bruker Corporation (Nasdaq: BRKR) today announced that it has closed its asset acquisition of the business of NanoString Technologies, Inc. , headquartered in Seattle, Washington, a leading provider of life-science research solutions for spatial transcriptomics and gene expression analysis.

Key Points:

Bruker Corporation (Nasdaq: BRKR) today announced that it has closed its asset acquisition of the business of NanoString Technologies, Inc. , headquartered in Seattle, Washington, a leading provider of life-science research solutions for spatial transcriptomics and gene expression analysis.
Under the asset purchase agreement, Bruker has now acquired substantially all of the assets and rights associated with NanoString’s business, including the nCounter®, GeoMx®, CosMx™ and AtoMx™ product lines, for approximately $392.6 million in cash, and the assumption of certain liabilities.
Due to significant business disruption and uncertainty, Bruker is not yet in a position to give financial guidance on the NanoString business for 2024, but Bruker expects to add this business to Bruker’s guidance by 2025 and beyond.
NanoString is represented by Willkie Farr & Gallagher LLP as counsel, AlixPartners LLP as restructuring advisor and Perella Weinberg Partners L.P. as restructuring investment banker.

Bruker to Acquire the NanoString Business in an Asset Deal

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星期一, 四月 22, 2024

Under the asset purchase agreement, Bruker expects to acquire substantially all of the assets and rights associated with NanoString’s business, including the nCounter®, GeoMx®, CosMx™ and AtoMx™ product lines, for approximately $392.6 million in cash, and the assumption of certain liabilities.

Key Points:

Under the asset purchase agreement, Bruker expects to acquire substantially all of the assets and rights associated with NanoString’s business, including the nCounter®, GeoMx®, CosMx™ and AtoMx™ product lines, for approximately $392.6 million in cash, and the assumption of certain liabilities.
NanoString is a provider of life science tools for discovery and translational research with leading solutions for spatial transcriptomics and gene expression analysis.
Following the closing, the NanoString business will become part of the Bruker Spatial Biology business.
By 2026, Bruker expects the NanoString business to have rebounded and to be near break-even with resumed revenue growth and margin improvements, also taking advantage of deal synergies, as Bruker is not acquiring NanoString’s public company overhead in this asset deal.

NanoString Technologies to Be Acquired by Bruker Corporation

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星期三, 四月 17, 2024

Biotechnology, Other Health, Health, Science, Research, Goldman Sachs, Sale, Bankruptcy, Cancer, LLP, NanoString Technologies, AlixPartners, Willkie Farr & Gallagher, Neurology, United States bankruptcy court, Acquisition, Gene expression

NanoString Technologies, Inc. (“NanoString” or “the Company”), a leading provider of life science tools for discovery and translational research, today announced that substantially all of its assets will be acquired by Bruker Corporation (“Bruker”), a global life science analytical instrument company, for approximately $392.6 million in cash consideration, plus the assumption of certain liabilities.

Key Points:

NanoString Technologies, Inc. (“NanoString” or “the Company”), a leading provider of life science tools for discovery and translational research, today announced that substantially all of its assets will be acquired by Bruker Corporation (“Bruker”), a global life science analytical instrument company, for approximately $392.6 million in cash consideration, plus the assumption of certain liabilities.
The acquisition by Bruker validates NanoString’s market-leading technology and ensures continuity of NanoString’s business operations and product development initiatives for customers and substantially all of its employees.
As a global leader in the life science analytical instrument industry, Bruker is uniquely positioned to ensure ongoing customer access to NanoString’s innovations,” said Brad Gray, President and CEO of NanoString.
Bruker is represented by Morgan Lewis & Bockius LLP as counsel and Goldman Sachs & Co. LLC as financial advisor.

Resideo to Acquire Snap One to Expand Presence in Smart Living Products and Distribution

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星期一, 四月 15, 2024

The transaction will combine ADI's strong position in security products distribution and Snap One's complementary capabilities in the smart living market and innovative Control4 technology platforms, which is expected to drive increased value for integrators and financial returns.

Key Points:

The transaction will combine ADI's strong position in security products distribution and Snap One's complementary capabilities in the smart living market and innovative Control4 technology platforms, which is expected to drive increased value for integrators and financial returns.
Demand for connected technology products continues to grow, and Resideo is the right owner to drive our expansion.
A Strong Position Across Multiple Attractive Categories: The acquisition will combine Snap One's capabilities for smart living integrators with ADI's complementary position in adjacent security products distribution.
Snap One generated 66% of sales from proprietary products in 2023 and these offerings typically carry significantly higher gross margin than third-party products.

SageSure to Acquire GeoVera MGA, Including GeoVera’s Industry-Leading Underwriting Franchise in Residential Earthquake Risk

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星期二, 四月 9, 2024

Professional Services, Residential Building & Real Estate, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, Ares Management, Partnership, Wind, E&S, Willkie Farr & Gallagher, MGA, Reinsurance

Upon the transaction’s completion, SageSure will assume the underwriting operations of GeoVera MGA’s best-in-class residential earthquake franchise.

Key Points:

Upon the transaction’s completion, SageSure will assume the underwriting operations of GeoVera MGA’s best-in-class residential earthquake franchise.
With the addition of the GeoVera MGA’s deep earthquake expertise, the transaction will further enhance SageSure’s robust catastrophe risk underwriting capabilities and accelerate its entrance into new markets, including Oregon and Washington.
“We are excited to enter into an agreement that solidifies SageSure as one of the leading underwriters of catastrophe-exposed property risk in the US.
“We are proud to partner with SageSure on this innovative transaction,” said John Forney, President and CEO of GeoVera.

Bending Spoons to Acquire StreamYard, Leader in Live-Streaming and Video-Recording Solutions

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星期二, 四月 9, 2024

Entertainment, Apps, Applications, Technology, Online, Audio, Video, Software, Internet, Bending Spoons, LionTree, KPMG, Willkie Farr & Gallagher, Acquisition

Technology company Bending Spoons today confirmed it has agreed to acquire StreamYard Top Corp (also known as Hopin), which owns and operates the products StreamYard, Streamable, and Superwave.

Key Points:

Technology company Bending Spoons today confirmed it has agreed to acquire StreamYard Top Corp (also known as Hopin), which owns and operates the products StreamYard, Streamable, and Superwave.
With millions of users worldwide, StreamYard has powered the live-streaming and recording of more than 60 million videos to date.
“We admire what the StreamYard team has built and look forward to leveraging our know-how and technologies to help its solutions reach new heights going forward,” said Bending Spoons co-founder and CEO, Luca Ferrari.
For the acquisition, Bending Spoons was assisted on legal matters by Willkie Farr & Gallagher, and with its financial and tax due diligence by KPMG.

Cerity Partners Announces Combination with Agility to Offer Outsourced Chief Investment Officer Capability

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星期一, 四月 8, 2024

Element, CIO, Organization, Growth, Partnership, Research, Perella Weinberg Partners, UHNW, Willkie Farr & Gallagher, Management

NEW YORK, April 8, 2024 /PRNewswire/ -- Cerity Partners, a leading independent wealth management firm in the U.S., announced today that it is combining with Denver-based Agility, a provider of outsourced chief investment officer ("OCIO") solutions for endowments, foundations, family offices, corporations, healthcare organizations, and other clientele. Upon closing, Agility will form Cerity Partners OCIO.

Key Points:

The addition of Denver-based Agility will expand Cerity Partners' capabilities through outsourced chief investment officer services to non-profit organizations, UHNW individuals, and family offices.
NEW YORK, April 8, 2024 /PRNewswire/ -- Cerity Partners, a leading independent wealth management firm in the U.S., announced today that it is combining with Denver-based Agility, a provider of outsourced chief investment officer ("OCIO") solutions for endowments, foundations, family offices, corporations, healthcare organizations, and other clientele.
Agility's investment team will establish an OCIO investment committee within Cerity Partners.
Broadhaven Capital Partners served as financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to Cerity Partners.