M&AElite US Firms Scoop Roles on $6.8B Merger of IP Giants
Private-equity owned CPA Global is set to merge with rival IP management business Clarivate in a multi-billion dollar cross-border deal.
July 30, 2020 at 07:42 AM
3 minute read
Latham & Watkins and Davis Polk & Wardwell are advising on the tie-up of transatlantic intellectual property management companies CPA Global and Clarivate in a deal worth $6.8 billion.
Latham is advising CPA Global, a portfolio company of U.S. private equity heavyweight Leonard Green & Partners, on the deal, which is expected to close in the final quarter of 2020.
In a statement Clarivate said that the merger would strengthen the combined business in key geographies given "the strength of CPA Global in Europe and Clarivate in North America and Asia".
The cross-border Latham deal team is being led by London corporate partners David Walker and Linzi Thomas, with New York partners Howard Sobel, John Giouroukakis, and Eyal Orgad.
The deal is a repeat mandate for Latham in advising Leonard Green, with Linzi Thomas having advised the private equity firm on its acquisition of CPA Global in summer 2017 from Cinven, and the 2019 merger between CPA Global and the ipan/Delegate group.
Thomas commented in a statement: "This combination between CPA Global and Clarivate shows significant global deals can still happen, notwithstanding the limitations of COVID-19 to in person meetings and travel. We are seeing M&A activity returning, with a number of substantial deals in the pipeline."
Davis Polk, meanwhile, is acting as legal adviser to Clarivate, which is headquartered between Philadelphia and London. New York corporate partners Joseph Hall and Daniel Brass are leading the firm's team, which is made up of four more partners across the New York and Washington D.C. offices.
Skadden also took a role on the transaction to advise one of the minority shareholders in CPA, Castik Capital, with a team led from the firm's London, Brussels and New York offices by corporate partner Richard Youle and counsel Steven Hannah.
Earlier in July, Latham & Watkins topped the global M&A value tables in new data from Mergermarket that showed the extent to which the coronavirus pandemic has impacted the M&A markets.
The U.S. firm has also recently bolstered its London corporate offering by bringing in a new partner, John Guccione, from OMERS Infrastructure, where he was managing director of legal.
|Read More
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Linklaters Sees Latest Partner Exit as UK Leveraged Finance Partner Walks To Simpson Thacher
2 minute read
Ex-Dewey & LeBoeuf Banking Lawyer on Trial in Germany’s Cum-Ex Tax Scandal
DLA Piper & Hogan Lovells Expand German Construction and Property Practices
2 minute read
White & Case, Cleary Among Firms Gearing Up for Biggest London IPO Since 2022
3 minute readLaw Firms Mentioned
Trending Stories
- 1Womans Suit Alleging Negligence to Sex Trafficking by Hotel Tossed by Federal Judge
- 2Dog Gone It, Target: Provider of Retailer's Mascot Dog Sues Over Contract Cancellation
- 3Lululemon Faces Legal Fire Over Its DEI Program After Bias Complaints Surface
- 4Plaintiff Gets $500K Policy Limit Without Surgery
- 5Philadelphia Bar Association Executive Director Announces Retirement
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
