DLA Piper

PKF Clear Thinking Awarded 'Section 363 Sale of the Year' by 18th Annual Turnaround Awards

Retrieved on: 
Friday, March 29, 2024
Bankruptcy, Authentic Brands Group, Ropes & Gray, Sale, LLP, Bankruptcy Code, Piper, Rockport (company), DLA Piper, PKF

CRANFORD, N.J., March 29, 2024 /PRNewswire-PRWeb/ -- PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, is proud to announce that it has been awarded the "Section 363 Sale of the Year ($50MM to $100MM)" by the 18th Annual Turnaround Awards for its contribution to the sale of Rockport to Authentic Brands Group. Organized by The M&A Advisor, the awards recognize the leading distressed transactions, restructuring and refinancing deals, products and services, firms, and professionals in the United States and international markets.

Key Points: 
  • "We're extremely proud to receive this honor, especially alongside so many other standout firms and professionals who are doing transformative M&A work," said Joseph Marchese, Partner at PKF Clear Thinking.
  • "We're extremely proud to receive this honor, especially alongside so many other standout firms and professionals who are doing transformative M&A work," said Joseph Marchese, Partner at PKF Clear Thinking.
  • PKF Clear Thinking's engagement with the sale began in June 2023, when Marchese was appointed Chief Restructuring Officer of The Rockport Company, LLC.
  • With the support of Michael Wesley, Partner at PKF Clear Thinking, and Jackie Reinhard, Partner at PKF O'Connor Davies, PKF Clear Thinking supported the global footwear brand as it began voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware.

USQRisk and Ascend Analytics Close Breakthrough Energy Storage Insurance Structure to Encourage Clean Energy Investment

Retrieved on: 
Tuesday, March 12, 2024
Zipper, Market, Real estate, Benchmarking, Projection, Risk, UBS, Policy, Insurance, USQ, CAC, ERCOT, DLA Piper, Cryptocurrency

NEW YORK, March 12, 2024 /PRNewswire-PRWeb/ -- USQRisk, LLC ("USQ"), the international managing general agent specializing in alternative risk transfer solutions, and Ascend Analytics, LLC ("Ascend"), an industry-leading energy software and consulting firm, announce the launch of an innovative solution to provide more efficient financing for utility-scale energy storage projects.

Key Points: 
  • "This new insurance offering creates greater opportunities for the clean energy industry to gain access to more efficient financing for utility-scale energy storage projects," said USQRisk President Michael Zipper.
  • "Now, institutional investors have a more effective tool to demonstrate revenue certainty and reduce financing risk, thereby expanding the potential for the development of energy storage projects."
  • By utilizing these platforms to provide benchmarking and projection data, USQ can structure, price, and tailor the revenue protection coverage to meet the unique needs of individual utility-scale energy storage projects.
  • "With this innovative insurance solution, we are able to improve revenue stability across the entire lifecycle of our energy storage assets, and guard against negative energy price fluctuations."

Akari Therapeutics and Peak Bio Announce Definitive Agreement to Merge as Equals Creating an Expanded Pipeline That Features a Novel Antibody Drug Conjugate (ADC) Toolkit

Retrieved on: 
Tuesday, March 5, 2024
Therapy, DLA Piper, Leukotriene B4, NEI, C5, CNV, OTC, Inflammation, Bayer, Choroidal neovascularization, ADC, Risk, AATD, American depositary receipt, Geographic atrophy, Haematopoietic system, Patient, Autoimmunity, McKinsey & Company, Hot game, LTB4, Cancer, Pharmaceutical industry

Following closing, the company will have an expanded pipeline that contains multiple compelling assets spanning early and late development stages.

Key Points: 
  • Following closing, the company will have an expanded pipeline that contains multiple compelling assets spanning early and late development stages.
  • An assessment of the pipeline is planned, including program prioritization, updated timelines, near-term value creation opportunities, and other considerations.
  • Key highlights of the merger include:
    The merged pipeline features a robust ADC toolkit with novel payload and linker technologies.
  • Goodwin Procter LLP is serving as legal advisor to Akari and DLA Piper LLP is serving as legal advisor to Peak Bio.

Akari Therapeutics and Peak Bio Announce Definitive Agreement to Merge as Equals Creating an Expanded Pipeline That Features a Novel Antibody Drug Conjugate (ADC) Toolkit

Retrieved on: 
Tuesday, March 5, 2024
Therapy, DLA Piper, Leukotriene B4, NEI, C5, CNV, OTC, Inflammation, Bayer, Choroidal neovascularization, ADC, Risk, AATD, American depositary receipt, Geographic atrophy, Haematopoietic system, Patient, Autoimmunity, McKinsey & Company, Hot game, LTB4, Cancer, Pharmaceutical industry

Following closing, the company will have an expanded pipeline that contains multiple compelling assets spanning early and late development stages.

Key Points: 
  • Following closing, the company will have an expanded pipeline that contains multiple compelling assets spanning early and late development stages.
  • An assessment of the pipeline is planned, including program prioritization, updated timelines, near-term value creation opportunities, and other considerations.
  • Key highlights of the merger include:
    The merged pipeline features a robust ADC toolkit with novel payload and linker technologies.
  • Goodwin Procter LLP is serving as legal advisor to Akari and DLA Piper LLP is serving as legal advisor to Peak Bio.

Sheppard Mullin Continues Real Estate Practice Growth With Partner in Los Angeles

Retrieved on: 
Monday, March 4, 2024
Commercial Building & Real Estate, Construction & Property, Legal, Professional Services, Lazarus, Love, City attorney, Economic development, Real estate, DLA Piper, Rocky, City, Biophysical environment, Harvard University, Commerce, Government, Columbia Law School, Delgadillo, Lawyer

Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Rockard (“Rocky”) Delgadillo has joined the firm as a partner in the Real Estate, Energy, Land Use & Environmental practice group in Los Angeles.

Key Points: 
  • Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Rockard (“Rocky”) Delgadillo has joined the firm as a partner in the Real Estate, Energy, Land Use & Environmental practice group in Los Angeles.
  • Delgadillo has more than 30 years of experience in real estate transactions, economic development and government.
  • Prior to his tenure as Los Angeles City Attorney, Delgadillo was the Deputy Mayor of Los Angeles for Economic Development, where he helped spur the development of jobs in emerging neighborhoods.
  • Sheppard Mullin Real Estate, Energy, Land Use & Environmental practice group co-leader Keith Garner added, "Rocky’s deep roots and vast business and governmental network in Los Angeles cannot be overstated.

QT Imaging Holdings Announces Completion of Business Combination with GigCapital5

Retrieved on: 
Monday, March 4, 2024
Health, General Health, Acquisition, Bangladesh Technical Education Board, Hospital, Injection, Breast cancer, DLA Piper, Artificial intelligence, BPM, FDA, Growth, Radiation, Private, Annual general meeting, QT, Safety, Attention, Partner, Physics, PPE, Mammography, Business analyst, QTI, GIA, Patient, Radiation exposure, United, LLP, Software, Research, MRI, Partnership, Medical imaging

QT Imaging Holdings, Inc. a medical device company engaged in the research, development, and commercialization of innovative body imaging systems using low frequency sound waves, and GigCapital5, Inc. (“GigCapital5”; Nasdaq: GIA, GIAFW), a Private-to-Public Equity (PPE)™ entity also known as special purpose acquisition company (“SPAC”), today announced the completion of their previously announced business combination (the “Business Combination”).

Key Points: 
  • QT Imaging Holdings, Inc. a medical device company engaged in the research, development, and commercialization of innovative body imaging systems using low frequency sound waves, and GigCapital5, Inc. (“GigCapital5”; Nasdaq: GIA, GIAFW), a Private-to-Public Equity (PPE)™ entity also known as special purpose acquisition company (“SPAC”), today announced the completion of their previously announced business combination (the “Business Combination”).
  • The Business Combination was approved at the Annual Meeting of GigCapital5’s stockholders on February 20, 2024.
  • Upon completion of the Business Combination, the combined company changed its name to QT Imaging Holdings, Inc. (“QT Imaging”).
  • The QT Imaging Breast Acoustic CT™ Scanner, with its already granted FDA clearance as adjunct to mammography, sets a new standard in breast imaging excellence.

Alter Domus secures strategic investment from Cinven

Retrieved on: 
Monday, March 4, 2024
Banking, Asset Management, Professional Services, Finance, Goldman Sachs, DLA Piper, Financial services, Supervisory board, Growth, Permira, Enterprise value, Commercial, AUA, PwC, Corporate services, Piper, Partnership, Cryptocurrency

Alter Domus, a leading global provider of end-to-end tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, today announced that it has secured a new strategic investment from Cinven.

Key Points: 
  • Alter Domus, a leading global provider of end-to-end tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, today announced that it has secured a new strategic investment from Cinven.
  • Through the transaction, Cinven will support the long-term strategic growth of Alter Domus, working in close partnership with the founders of Alter Domus and Permira, who will continue to be significant shareholders.
  • Their continued involvement and investment in the firm is a huge endorsement for Alter Domus as a business, its global growth strategy to date and its future potential.
  • The investment from Cinven is a significant milestone in the development of Alter Domus as it continues along this trajectory.

GigCapital5, Inc. Announces Closing Date for Business Combination With QT Imaging

Retrieved on: 
Thursday, February 29, 2024
Professional Services, Medical Supplies, Health, Medical Devices, Finance, General Health, Banking, Acquisition, DLA Piper, BPM, FDA, Growth, Private, QT, Partner, PPE, Business analyst, GIA, LLP, Diagnosis, Research, Partnership, Management

GigCapital5, Inc. (“GigCapital5”; Nasdaq: GIA), a Private-to-Public Equity (PPE)™ entity also known as special purpose acquisition company (“SPAC”), today announced that the completion of their previously announced business combination (the “Business Combination”) with QT Imaging, Inc. (“QT Imaging”), a technology company engaged in an innovative automated breast imaging system producing high-resolution transmission ultrasound images, will take place on March 4, 2024.

Key Points: 
  • GigCapital5, Inc. (“GigCapital5”; Nasdaq: GIA), a Private-to-Public Equity (PPE)™ entity also known as special purpose acquisition company (“SPAC”), today announced that the completion of their previously announced business combination (the “Business Combination”) with QT Imaging, Inc. (“QT Imaging”), a technology company engaged in an innovative automated breast imaging system producing high-resolution transmission ultrasound images, will take place on March 4, 2024.
  • Upon completion of the Business Combination, the combined company will change its name to QT Imaging Holdings, Inc. (“QT Imaging Holdings”).
  • QT Imaging is a medical device company engaged in the research, development and commercialization of innovative body imaging systems using low energy sound.
  • Brown Rudnick LLP is serving as legal counsel and BPM LLP is serving as auditor to QT Imaging.

DLA Piper Advises Arlington Capital Partners in the Formation of Defense Manufacturing Company “Keel”

Retrieved on: 
Thursday, February 29, 2024
Legal, Defense, Other Manufacturing, Finance, Contracts, Consulting, Professional Services, Manufacturing, Engineering, DLA Piper, Air force, Nate, Arlington Capital Partners, Army, Navy, Piper, DLA, Shipbuilding

DLA Piper advised Arlington Capital Partners (Arlington), a Washington, DC-area private investment firm specializing in government regulated industries, in the formation of Keel Holdings, (Keel), a leading manufacturer of complex structures for the highest priority programs within the Navy, Army, and Air Force.

Key Points: 
  • DLA Piper advised Arlington Capital Partners (Arlington), a Washington, DC-area private investment firm specializing in government regulated industries, in the formation of Keel Holdings, (Keel), a leading manufacturer of complex structures for the highest priority programs within the Navy, Army, and Air Force.
  • The company was formed through the merger of existing Arlington portfolio company Pegasus Steel with the newly completed acquisitions of Metal Trades and Merrill Technologies Group.
  • With more than one million square feet of manufacturing floor space and approximately 700 employees, Keel will offer its customers a vertically integrated suite of design, engineering, fabrication, machining, integration, assembly, finishing, and surface treatment capabilities across its nine facilities in Michigan and South Carolina.
  • The Company’s locations include a facility strategically located with direct frontage to deep water that allows for large module delivery by barge to submarine and aircraft carrier customers.

VIA optronics AG Announces Conclusion of Internal Review and Provides Management Update

Retrieved on: 
Wednesday, February 28, 2024
Software, Technology, Audio, Video, Hardware, DLA Piper, Supervisory board, Fraud, Documentation, Adviser, BDO

As previously disclosed on November 17, 2023, the Company’s continuing internal review process resulted in a further delay of the filing of its form 20-F for the year ended December 31, 2022, with the U.S. Securities & Exchange Commission.

Key Points: 
  • As previously disclosed on November 17, 2023, the Company’s continuing internal review process resulted in a further delay of the filing of its form 20-F for the year ended December 31, 2022, with the U.S. Securities & Exchange Commission.
  • Chief Executive Officer Roland Chochoiek commented, “We are pleased that the internal review process was finalized, and that the findings were disclosed and presented to our Supervisory Board.
  • As we have stated previously, our leadership takes these matters seriously and we believe the actions we’ve taken to address these findings support this.
  • Accordingly, on February 23, 2024, the Supervisory Board terminated the service agreement between Mr. Eichner and VIA for “cause” and revoked the appointment of Mr. Eichner as a member of VIA’s Management Board, effective immediately.