Morgan, Lewis & Bockius

Axon Accelerates Real-Time Operations Solution with Strategic Acquisition of Fusus

Retrieved on:

Thursday, February 1, 2024

SCOTTSDALE, Ariz., Feb. 1, 2024 /PRNewswire/ -- Axon (Nasdaq: AXON), the global leader in connected public safety technologies, announced today it has acquired Fusus, a global leader in real-time crime center (RTCC) technology. This news builds upon a successful strategic partnership launched in May 2022, marking a decisive leap forward in Axon's mission to Protect Life. This acquisition also further catalyzes Axon's growing presence in retail, healthcare, private security and the federal space.

Key Points:

Fusus' technology propels Axon's real-time operations product roadmap, addressing critical challenges faced in public safety.
"The Fusus team's exceptional prowess will help us to unlock impactful real-time operations capabilities for public safety and businesses worldwide.
Just like Axon, Fusus and its products are built from the ground up with an explicit focus on ethical and equitable design.
Axon was advised by Morgan, Lewis & Bockius LLP and Fusus was advised by Willkie Farr & Gallagher LLP in connection with the transaction.

Freedom Holding Corp. Announces Completion of External Review of Allegations Made in Short-Seller Report

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Thursday, January 25, 2024

Legal, Commercial Building & Real Estate, Construction & Property, Finance, Banking, REIT, Professional Services, Other Construction & Property, Residential Building & Real Estate, Morgan, Lewis & Bockius, Bank statement, Hindenburg, Hindenburg Research, Sale, IPO, AML, JSC, Growth, Cryptocurrency

Freedom Holding Corp. (the “Company”) (Nasdaq: FRHC) today announced the conclusion of an external review commissioned by the independent members of its board of directors.

Key Points:

Freedom Holding Corp. (the “Company”) (Nasdaq: FRHC) today announced the conclusion of an external review commissioned by the independent members of its board of directors.
The review focussed on the Company’s main operating subsidiaries that were the subject of the allegations as well as on the Company’s affiliate Freedom Securities Trading, Inc. (“FST Belize”).
It was not possible to assess certain of the allegations in the Hindenburg Report because they were dated, vague, or lacking details.
The external review found generally that the allegations in the Hindenburg Report did not take account of important facts and were not supported by evidence.

Republic Capital Group Announces New Chief Operating Officer and Managing Director

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Thursday, January 11, 2024

Morgan, Lewis & Bockius, Head, General counsel, Insurance, Private practice, Partnership, HR, Information technology

NEW YORK, Jan. 11, 2024 /PRNewswire/ -- Republic Capital Group ("Republic"), a leading independent investment bank that focuses on the wealth and asset management industry and was recently named Boutique Investment Banking Firm of the Year by The M&A Advisor, is proud to announce the promotions of Jim Collins to Chief Operating Officer and Blake Cargill to Managing Director.

Key Points:

NEW YORK, Jan. 11, 2024 /PRNewswire/ -- Republic Capital Group ("Republic"), a leading independent investment bank that focuses on the wealth and asset management industry and was recently named Boutique Investment Banking Firm of the Year by The M&A Advisor, is proud to announce the promotions of Jim Collins to Chief Operating Officer and Blake Cargill to Managing Director.
As Chief Operating Officer, Jim will assume overall responsibility for Republic's operations.
As Managing Director, Blake will continue to work closely with clients while leading the execution of M&A engagements and developing relationships within the industry.
I'm honored to have them as partners," noted John Langston, Republic's Founder and Chief Executive Officer.

Integra LifeSciences Announces Definitive Agreement to Acquire Acclarent®

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Wednesday, December 13, 2023

Acclarent, CSS, Neurosurgery, LLP, Acquisition, Nose, Morgan, Lewis & Bockius, Integra, Integra LifeSciences, ENT, Ear

Acclarent is an innovator and market leader in ENT procedures and upon closing, Integra will be one of the leading providers of ENT products and technologies.

Key Points:

Acclarent is an innovator and market leader in ENT procedures and upon closing, Integra will be one of the leading providers of ENT products and technologies.
“This acquisition presents Integra with a rare opportunity to become a key player in the ENT segment.
Acclarent’s culture of pioneering technologies aligns with Integra’s legacy of innovation to transform care and restore patients’ lives,” said Jan De Witte, president and chief executive officer of Integra LifeSciences.
Goldman, Sachs & Co. is serving as exclusive financial advisor and Morgan, Lewis & Bockius LLP is acting as legal advisor to Integra.

Bullish Acquires CoinDesk from Digital Currency Group

Retrieved on:

Monday, November 20, 2023

Bullish , the fastest growing regulated, institutional digital assets exchange led by Tom Farley, announced today that it has acquired CoinDesk, the integrated media, events and index platform for the future of finance, from Digital Currency Group (DCG).

Key Points:

Bullish , the fastest growing regulated, institutional digital assets exchange led by Tom Farley, announced today that it has acquired CoinDesk, the integrated media, events and index platform for the future of finance, from Digital Currency Group (DCG).
CoinDesk will continue to be led by Kevin Worth and the existing management team and operate as an independent subsidiary within Bullish.
View the full release here: https://www.businesswire.com/news/home/20231120856497/en/
“With its acclaimed editorial coverage, premier events and market-leading data and indices, CoinDesk continues to shape the global crypto and blockchain ecosystem,” said Tom Farley, CEO of Bullish.
CoinDesk Media provides news and analysis on the price movements, technologies, companies and people shaping the evolution of the bitcoin and digital currency ecosystem.

NEW STATE CAPITAL PARTNERS ACQUIRES AGILITY RECOVERY SERVICES

Retrieved on:

Thursday, November 30, 2023

Acquisition, Risk management, Morgan, Lewis & Bockius, Insurance, Stifel, Health, Government, Estado Novo, Agility

LARCHMONT, N.Y., Nov. 30, 2023 /PRNewswire/ -- New State Capital Partners ("New State"), a middle-market private equity firm that partners with entrepreneurially minded management teams, announced today its acquisition of Agility Recovery Services ("Agility" or "the Company"). Agility serves as a transformative add-on to New State's existing business continuity platform, which includes AFIMAC Global Inc. ("AFIMAC"), a leading provider of staffing, emergency response, security, and risk management services. Terms of the transaction were not disclosed. New State initially invested in AFIMAC in August 2022.

Key Points:

LARCHMONT, N.Y., Nov. 30, 2023 /PRNewswire/ -- New State Capital Partners ("New State"), a middle-market private equity firm that partners with entrepreneurially minded management teams, announced today its acquisition of Agility Recovery Services ("Agility" or "the Company").
Headquartered in Atlanta, GA, Agility Recovery Services has served blue-chip customers in banking, insurance, government, healthcare, and professional services for over three decades.
Mr. San Fratello brings over two decades of executive leadership in business services and emergency response to Agility.
Morgan, Lewis & Bockius acted as legal advisors, Raymond James provided financial advisory services and Piper Sandler provided debt advisory services to New State.

Netrality Data Centers Secures $380M Sustainability-Linked Loan to Support Energy-Efficiency

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Tuesday, November 28, 2023

The SLL will fuel data center expansion projects that embody sustainable designs and implement infrastructural measures to support the reduction of power usage effectiveness ("PUE") levels across Netrality's portfolio.

Key Points:

The SLL will fuel data center expansion projects that embody sustainable designs and implement infrastructural measures to support the reduction of power usage effectiveness ("PUE") levels across Netrality's portfolio.
The SLL is comprised of a $125 million initial term loan, a $145 million revolving credit facility, and a $110 million delayed draw term loan.
"TD Securities was pleased to support Netrality as a Sustainability Structuring Agent on the sustainability-linked credit facility.
Andrew Weisberg, Kerrick Seay, and Chiara Eramo of White & Case LLP, represented Netrality Data Centers in the transaction.

Palisade Infrastructure Acquires Rainier Connect and Announces Name Change to Lightcurve

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Wednesday, November 8, 2023

Washington State, Morgan, Lewis & Bockius, Acquisition, Transaction, Consolidated Communications, Internet, Fiber, Digital divide, Stream TV, Investment, Internet service provider, Cryptocurrency, Palisade, Light curve

TACOMA, Wash., Nov. 8, 2023 /PRNewswire-PRWeb/ -- Palisade Infrastructure has completed the acquisition of 100% of the equity interests in Mashell, Inc., the parent company of Rainier Connect (the "Transaction"). Palisade will take on both the ownership and operations of Rainier Connect.

Key Points:

TACOMA, Wash., Nov. 8, 2023 /PRNewswire-PRWeb/ -- Palisade Infrastructure has completed the acquisition of 100% of the equity interests in Mashell, Inc., the parent company of Rainier Connect (the "Transaction").
Palisade will take on both the ownership and operations of Rainier Connect.
Lightcurve's dedicated team, supported by Palisade Infrastructure, will invest in high-speed, reliable fiber optic networks, earning trust in our communities and providing fast, dependable internet."
Changing the name to Lightcurve represents the next chapter of the journey and marks the beginning of significant investments in the fiber optic internet infrastructure.

Lumentum Announces Completion of Cloud Light Acquisition

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Tuesday, November 7, 2023

Telecommunications, Networks, Internet, Hardware, Data Management, Engineering, Technology, Manufacturing, Cloud, Wilson Sonsini Goodrich & Rosati, Morgan, Lewis & Bockius, LLP, Professional corporation, Artificial intelligence, BofA Securities, Cryptocurrency

“I am excited to add Cloud Light’s high-speed optical transceiver products, differentiated technology, and talented team to Lumentum,” said Alan Lowe, Lumentum President and CEO.

Key Points:

“I am excited to add Cloud Light’s high-speed optical transceiver products, differentiated technology, and talented team to Lumentum,” said Alan Lowe, Lumentum President and CEO.
The transaction consideration was paid in cash from Lumentum’s balance sheet and the assumption and substitution of outstanding unvested Cloud Light options.
During this call, Lumentum management will also provide an update on the Cloud Light transaction.
Morgan, Lewis & Bockius LLP served as legal advisor to Cloud Light.

Cara Therapeutics Announces up to $40.0 Million Non-Dilutive Financing Agreement with HealthCare Royalty

Retrieved on:

Thursday, November 2, 2023

Itch, Morgan, Lewis & Bockius, CSL Vifor, Atopic dermatitis, Therapy, Patient, Cooley LLP, Pharmaceutical industry

STAMFORD, Conn., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Cara Therapeutics, Inc. (Nasdaq: CARA), a commercial-stage biopharmaceutical company leading a new treatment paradigm to improve the lives of patients suffering from pruritus, today announced it has entered into a Royalty Interest Purchase and Sale Agreement (the agreement) with HealthCare Royalty (HCRx).

Key Points:

STAMFORD, Conn., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Cara Therapeutics, Inc. (Nasdaq: CARA), a commercial-stage biopharmaceutical company leading a new treatment paradigm to improve the lives of patients suffering from pruritus, today announced it has entered into a Royalty Interest Purchase and Sale Agreement (the agreement) with HealthCare Royalty (HCRx).
“Importantly, this financing is expected to extend our cash runway into 2025.”
Under the terms of the agreement, Cara will receive an initial payment of $17.5 million, less certain expenses.
In addition, if KORSUVA achieves certain specified 2024 performance levels in Japan, Cara will receive a $2.5 million milestone payment.
The aggregate royalty payments to HCRx are capped at 2.0x the payments to Cara if received before the end of 2029.