Shearman & Sterling

OpSec Group, a Global Leader in Brand Protection Solutions, to Go Public on Nasdaq Through Proposed Business Combination with Investcorp Europe Acquisition Corp I

Retrieved on: 
Wednesday, April 26, 2023
Online Privacy, Data Management, Security, Technology, Software, Internet, Online, Slate, Credit Suisse, Heart, LLP, Intellectual property, Zacco, Music, Shearman & Sterling, CS, Multimedia, Tobacco, IP, Social media, Operations security, Government, Cayman Islands, Selva, Prospectus, EBITDA, Acquisition, Skadden, Arps, Slate, Meagher & Flom, Engineering, Citigroup, Sport, Growth, Security (finance), Environment, Investcorp, Shearman, Sales, Retail, Online shopping, Video game

OpSec Group, a global leader in brand protection solutions and intellectual property (IP) management, and Investcorp Europe Acquisition Corp I (Nasdaq: IVCB) (“Investcorp Europe”), a special purpose acquisition company, today announced they have entered into a definitive business combination agreement that would result in OpSec Group becoming a public company.

Key Points: 
  • OpSec Group, a global leader in brand protection solutions and intellectual property (IP) management, and Investcorp Europe Acquisition Corp I (Nasdaq: IVCB) (“Investcorp Europe”), a special purpose acquisition company, today announced they have entered into a definitive business combination agreement that would result in OpSec Group becoming a public company.
  • Upon closing of the proposed business combination, the newly combined company will operate as OpSec Group.
  • View the full release here: https://www.businesswire.com/news/home/20230426005421/en/
    OpSec Group is a global leader in the management and protection of brands and intellectual property.
  • On April 18, 2023, OpSec Group acquired Zacco, a leading intellectual property management and protection company, headquartered in Copenhagen, Denmark.

Shearman & Sterling elects Adam S. Hakki as Senior Partner

Retrieved on: 
Thursday, April 6, 2023
Legal, Professional Services, Shearman & Sterling, Fintech, Recruitment, Metal, Health, Lawsuit, Public Citizen Litigation Group, Telecommunications, Chambers, The American Lawyer, Lawyer, Chambers and Partners, Mining, Partnership, Growth, Ageing, Transport, Adam, Shearman, Management

Shearman & Sterling is pleased to announce that, as previewed last month, the partners of the firm have elected Adam S. Hakki as the firm’s Senior Partner and new leader, effective today.

Key Points: 
  • Shearman & Sterling is pleased to announce that, as previewed last month, the partners of the firm have elected Adam S. Hakki as the firm’s Senior Partner and new leader, effective today.
  • Adam is the 17th Senior Partner in the firm’s 150-year history.
  • Adam succeeds David J. Beveridge, who served as the firm’s Senior Partner since 2018.
  • Supported by a strong management and business services team in his role as Senior Partner, Adam will continue to actively represent and advise clients alongside his leadership duties.

ALJ REGIONAL HOLDINGS, INC. ANNOUNCES A SPECIAL STOCKHOLDER MEETING

Retrieved on: 
Tuesday, April 11, 2023
Agreement, Plan, Shearman & Sterling, OTC Markets Group, Regulation D, ALJ, Legislative Reorganization Act of 1970, Shearman, OTC, Special, NewCo, Corporate action, Holding company

NEW YORK, April 11, 2023 /PRNewswire/ -- ALJ Regional Holdings, Inc. (OTC PINK: ALJJ) (the "Company") announced that it will be holding a special meeting (the "Special Meeting") of stockholders on May 10, 2023 at the offices of Shearman & Sterling LLP, located at 1460 EL Camino Real, 2nd Floor, Menlo Park, CA 94025.

Key Points: 
  • NEW YORK, April 11, 2023 /PRNewswire/ -- ALJ Regional Holdings, Inc. (OTC PINK: ALJJ) (the "Company") announced that it will be holding a special meeting (the "Special Meeting") of stockholders on May 10, 2023 at the offices of Shearman & Sterling LLP, located at 1460 EL Camino Real, 2nd Floor, Menlo Park, CA 94025.
  • A proxy statement containing proposals for the Special Meeting will be mailed to the stockholders as of the record date of the Special Meeting, March 31, 2023, on or about April 13, 2023.
  • The Board unanimously recommends that the stockholders vote "FOR" the proposal to approve the Reorganization and "FOR" each of the other proposals to be voted upon at the Special Meeting.
  • The Company encourages all stockholders to read the proxy statement, mailed to all record holders as of the record date and available on the website of OTC Markets at https://www.otcmarkets.com as well as our website at www.aljregionalholdings.com .

Akoustis Appoints Michelle L. Petock, CEO of W Greig & Company, to its Board of Directors

Retrieved on: 
Thursday, March 23, 2023
IDM, Morgan Stanley, LLP, Wi-Fi, George, University, Shearman & Sterling, IEEE 802.11be, Calendar, Globalization, Audit committee, Holland, Investment, WLP, Citigroup, George Washington University Law School, CBRS, United Kingdom, Growth, Holland & Knight, Shearman, BAW, Mobile phone, Management, Wi-Fi 6

Ms. Petock will serve on the Strategic Development Committee and the Audit Committee of the Company’s board of directors.

Key Points: 
  • Ms. Petock will serve on the Strategic Development Committee and the Audit Committee of the Company’s board of directors.
  • Petock is a welcome addition to our board given her extensive accomplishments in finance, operations, tax and corporate law.
  • Ms. Petock currently serves as the Chief Executive Officer of W Greig & Company, an investment platform which invests and manages the capital of a single-family office.
  • Ms. Petock commented, “It is a great privilege to join the Akoustis board of directors.

Tech+IP Announces New BlackBerry Patent Deal to Sell Substantially All of Its Non-Core Patents and Applications

Retrieved on: 
Tuesday, March 21, 2023
BlackBerry Limited, Shearman & Sterling, IP, Oliver Cromwell, BlackBerry, Patent, Sullivan & Cromwell, Investment, TSX, BB, NYSE, Mobile phone, Cryptocurrency

"While those in the industry know this process has been running for some time, stated Ed Fish, co-Founder and Managing Director of Tech+IP Advisory, what is noteworthy is the quality of these patents -- important to many markets but non-core to BlackBerry's business – and the robust, long-term process we spearheaded with the internal BlackBerry team that was able to withstand the serial shocks of the war in Ukraine, post-COVID disruptions, inflation, and a significant uncertainty regarding liquidity in the markets capped by prominent U.S. and global bank failures."

Key Points: 
  • https://www.prnewswire.com/news-releases/blackberry-announces-new-patent...
    The deal includes close to 32,000 patents and applications relating primarily to mobile devices, messaging and wireless networking and excludes patents and applications that are necessary to support BlackBerry's current core business operations and a set of non-core patent families relating to mobile devices, primarily standards essential patents.
  • The newly announced deal needs to obtain Canadian and U.S. regulatory approvals.
  • The team at Tech+IP leading the firm's advisory role for BlackBerry also included Bojan Marijanovic, Adi Hrustanovic, Chuck Fish and numerous others.
  • Sullivan & Cromwell served as legal counsel for BlackBerry, and Shearman Sterling for Tech+IP' in its first fairness opinion portion of the work.

QuisLex COO Sirisha Gummaregula to Receive Lifetime Achievement Award

Retrieved on: 
Wednesday, March 15, 2023
The National Law Journal, Private law, Shearman, Woman, Shearman & Sterling, University of Madras, Six Sigma, Character, Northwestern University Pritzker School of Law, Corporate lawyer, Sigma, Quest Diagnostics, University, Management

NEW YORK, March 15, 2023 (GLOBE NEWSWIRE) -- QuisLex , a leading alternative legal services provider long recognized as a pioneer in the industry, is proud to announce company chief operating officer Sirisha Gummaregula will be recognized this month with a lifetime achievement award as part of the Legalweek Leaders in Tech Law Awards .

Key Points: 
  • NEW YORK, March 15, 2023 (GLOBE NEWSWIRE) -- QuisLex , a leading alternative legal services provider long recognized as a pioneer in the industry, is proud to announce company chief operating officer Sirisha Gummaregula will be recognized this month with a lifetime achievement award as part of the Legalweek Leaders in Tech Law Awards .
  • The 2023 Lifetime Achievement Award acknowledges career achievement and leadership in moving the legal technology profession forward through innovation.
  • Gummaregula was selected for the award for her innovative tech-driven approach to changing the way legal services are delivered and for her numerous outside-the-box solutions for clients’ most pressing business issues.
  • Gummaregula is a lawyer by training, graduating from the University of Madras and Northwestern University School of Law.

Aeries Technology Enters Into Definitive Merger Agreement with Worldwide Webb Acquisition Corp (NASDAQ: WWAC)

Retrieved on: 
Monday, March 13, 2023
Technology, Finance, Consulting, Other Technology, Business, Professional Services, Asset Management, Data Management, Other Professional Services, Security (finance), HR, Private equity, Journal of Business Finance & Accounting, Environment, Business process management, Portfolio company, Equity, Digital transformation, Culture, Acquisition, Worldwide, Shearman, Shearman & Sterling, Growth, Automation, Roth Capital Partners, Vista Equity Partners, Private, Quaternary, Management, Video game, Aeris (airline)

I could not be more thrilled to work with the Aeries Technology team and look forward to a very successful partnership.” – Daniel Webb, CEO of Worldwide Webb Acquisition Corp.

Key Points: 
  • I could not be more thrilled to work with the Aeries Technology team and look forward to a very successful partnership.” – Daniel Webb, CEO of Worldwide Webb Acquisition Corp.
  • The business combination values Aeries Technology at an implied market capitalization of $656 million, assuming no redemptions by Worldwide Webb Acquisition Corp. and including $50 million of additional capital.
  • The board of directors of both Aeries Technology and Worldwide Webb Acquisition Corp. have each approved the proposed transaction.
  • Norton Rose Fulbright and Shearman & Sterling are representing Aeries Technology and Worldwide Webb Acquisition Corp., respectively, as legal counsel.

Qualtrics to be Acquired by Silver Lake and CPP Investments for $12.5 Billion

Retrieved on: 
Monday, March 13, 2023
Professional Services, Data Management, Technology, Software, Finance, Artificial Intelligence, Internet, Investment, AI, SAP, Silver, CPP, XM, Sale, Shearman & Sterling, Goldman Sachs, Barclays Capital Inc. v. Theflyonthewall.com, Inc., RTÉ Executive Board, CPP Investment Board, SAP SE, Simpson Thacher & Bartlett, Shearman, Growth, Ecosystem, Latham & Watkins, SE, Morgan Stanley, Partnership, Security (finance), Cryptocurrency, Management, Video game, Financial adviser, Qualtrics

Silver Lake and its co-investors, together with CPP Investments, will acquire 100% of the outstanding shares Silver Lake does not already own, including the entirety of SAP’s majority ownership interest.

Key Points: 
  • Silver Lake and its co-investors, together with CPP Investments, will acquire 100% of the outstanding shares Silver Lake does not already own, including the entirety of SAP’s majority ownership interest.
  • Under the terms of the agreement, Qualtrics shareholders, including SAP, will receive $18.15 per share in cash.
  • “Silver Lake’s belief in our vision and their amazing track record of helping founders and management teams speaks for itself.
  • “This is a landmark transaction for Silver Lake, reflecting our confidence in the team and their vision.

SAP Agrees to Sell its Stake in Qualtrics as part of Qualtrics Acquisition by Silver Lake and CPP Investments

Retrieved on: 
Monday, March 13, 2023
Qualtrics, Supervisory board, Investment, NYSE, SAP, Silver, CPP, XM, Sale, Acquisition, RTÉ Executive Board, CPP Investment Board, SAP SE, Barclays, Shearman, Shearman & Sterling, Maple syrup, Cryptocurrency

WALLDORF, Germany, March 13, 2023 /PRNewswire/ -- SAP SE (NYSE: SAP), today announced it has agreed to sell all of its 423 million shares of Qualtrics International Inc. as part of the acquisition of Qualtrics by funds affiliated with Silver Lake (collectively, "Silver Lake") as well as Canada Pension Plan Investment Board (CPP Investments).

Key Points: 
  • WALLDORF, Germany, March 13, 2023 /PRNewswire/ -- SAP SE (NYSE: SAP), today announced it has agreed to sell all of its 423 million shares of Qualtrics International Inc. as part of the acquisition of Qualtrics by funds affiliated with Silver Lake (collectively, "Silver Lake") as well as Canada Pension Plan Investment Board (CPP Investments).
  • SAP intends to remain a close go-to-market and technology partner, servicing joint customers and continuing to contribute to Qualtrics' success."
  • The agreement resulted from a robust process that was initiated on January 26 and identified the joint proposal by Silver Lake and CPP Investments as most attractive.
  • Barclays acted as financial advisor to SAP on the transaction, Shearman & Sterling acted as SAP's legal advisor.

ClearPath Energy Secures Innovative Portfolio Financing and Partnership with Brookfield

Retrieved on: 
Friday, March 10, 2023
Alternative Energy, Energy, Other Energy, Entrepreneurship, Shearman & Sterling, Brookfield (corporation), ClearPath Foundation, Partner (business rank), Community solar, Renewable energy

ClearPath Energy ("ClearPath"), a Boston and New York based Energy Transition Platform and Renewable Energy developer, owner and operator, announced today the closing of an innovative facility with a direct lending infrastructure fund managed by Brookfield Asset Management (“Brookfield”).

Key Points: 
  • ClearPath Energy ("ClearPath"), a Boston and New York based Energy Transition Platform and Renewable Energy developer, owner and operator, announced today the closing of an innovative facility with a direct lending infrastructure fund managed by Brookfield Asset Management (“Brookfield”).
  • The capital will allow ClearPath to expand its existing 2 gigawatt pipeline further while accelerating the progression of late-stage development assets into construction and operations.
  • The proceeds will be used to support the construction and operations of ClearPath’s robust and rapidly growing renewable energy portfolio across the United States.
  • Allen & Overy LLP served as legal counsel to ClearPath and Shearman Sterling LLP served as legal counsel to Brookfield.