Firms reported 21 big deals to Law Week in our Q2 2024 survey, surpassing the number of deals reported in the first quarter of 2023.
Last year, firms reported 20 deals to Law Week in Q2. Economists this year predict slight growth at around 3% globally on the conservative end, while more optimistic market reports project 8 to 9% growth. Economists also seem to anticipate more modest consumer spending this year.
The following deals were submitted to Law Week by the firms who worked on them. Deal notes and details were edited for clarity, length and style.
Acquisition
CONFIDENTIAL
KO Law PC
Client: Havenly
Team: Kevin Gibson, partner; Charles Ciaccio, partner; Elizabeth Ho, attorney; Krystal Rushton, paralegal
Other parties: St. Frank
Notes: KO client Havenly, a female-led e-design platform and portfolio of home brands, recently acquired St. Frank, an online retailer focused on printed textiles and decor sourced from vintage deals and artisan businesses. This marks Havenly’s fourth acquisition in two years, following the acquisitions of Interior Define, The Inside and The Citizenry.
CONFIDENTIAL
KO Law PC
Client: ABOUT Healthcare
Team: Jennifer Rosenthal, partner; Dan Fredrickson, partner; Ryan Sykora, attorney; Logan DeSouza, attorney
Other parties: Edgility, an AI and analytics platform company
Notes: KO client ABOUT Healthcare, a portfolio company of Rubicon Technology Partners and a provider of SaaS-based hospital operations solutions for admission management and post-acute placement, recently acquired Edgility, an AI and analytics platform company that monitors and manages operations in real-time to optimize capacity, enhance patient progression and accelerate the discharge of patients.
CONFIDENTIAL
KO Law PC
Client: Stage
Team: Samantha Pjesky, attorney; John Kyed, attorney; Niki Vinod Schwab, attorney; Elizabeth Ho, attorney; Caitlyn Knudson, paralegal
Other parties: Verblio
Notes: KO client Stage, a female-led buyout private equity fund, recently acquired Verblio, which provides human-powered content creation augmented by artificial intelligence. According to the announcement, this acquisition will allow Verblio to continue to deliver written content to businesses and agencies more efficiently than ever.
CONFIDENTIAL
Holland & Hart
Client: Twin Enviro
Team: Amos Barclay, partner; Chris Wittels, associate; Denise Rahme, associate; James Spaanstra, partner; Lynn Kornfeld, partner; Natalie Cristo, associate; Peter Perla, partner; Conrad Kranz, associate; Margaret Master, associate; Jeremy Syz, partner; Arthur Hundhausen, partner; Kami Pomerantz, partner; Laurie Rogers, of counsel; Tim Percival, paralegal
Other parties: Apex Waste Solutions, a portfolio company of Kinderhook Industries, LLC represented by Sidley Austin LLP
Notes: Holland & Hart represented Twin Enviro, a Steamboat Springs-based provider of waste transportation, waste disposal and recycling services throughout the state in its sale to Apex Waste Solutions, a portfolio company of Kinderhook Industries, LLC.
$8 million
Sherman & Howard L.L.C.
Client: Pillar of Fire
Team: Bill Peffer, member; Elizabeth Farschon, associate
Other parties: Max Radio of Denver LLC represented by Steve Burke
Notes: Sherman & Howard assisted with the acquisition of a 2,000-ft.-tall Hoyt Radio Tower (the tallest structure in Colorado), related business assets, real estate and Federal Communications Commission licenses for Colorado FM stations 101.5 and 107.1, in a deal requiring approvals from the FCC, the National Oceanic and Atmospheric Administration and Adams County.
Debt finance
$1 billion
Gibson, Dunn & Crutcher LLP
Client: Blue Racer Midstream LLC
Team: Robyn Zolman, partner; Doug Rayburn, partner; Sarah Ediger, associate; Nicholas Linke, associate; Lauren Hernandez, associate
Other parties: RBC Capital Markets, LLC acted as representative of the initial purchasers. Latham & Watkins represented the initial purchasers.
Notes: Gibson Dunn represented Blue Racer Midstream, LLC on a Rule 144A offering of $500 million aggregate principal amount of 7.000% Senior Notes due 2029 and $500 million aggregate principal amount of 7.250% Senior Notes due 2032.
$600 million
Gibson, Dunn & Crutcher LLP
Client: Vail Resorts, Inc.
Team: Robyn Zolman, partner; Aaron Adams, partner; Sarah Ediger, associate; Alexis Levine, associate
Other parties: BofA Securities, Inc. acted as representative of the initial purchasers. Cahill Gordon & Reindel LLP represented the initial purchasers.
Notes: Gibson Dunn advised Vail Resorts, Inc. on a private offering of $600 million aggregate principal amount of 6.50% Senior Notes due 2032.
$287.5 million
Perkins Coie LLP
Client: Pacira BioSciences, Inc.
Team: Jason Day, partner; Ned Prusse, partner; Jonathan Schulman, partner; Ben Dale, associate; Danielle Buckles, associate
Other parties: Jefferies LLC; J.P. Morgan Securities LLC; Barclays Capital Inc.; Piper Sandler & Co.; RBC Capital Markets, LLC; Fifth Third Securities, Inc.; H.C. Wainwright & Co., LLC; Raymond James & Associates, Inc.; U.S. Bancorp Investments, Inc. represented by Latham & Watkins LLP
Notes: Represented Pacira BioSiences in its 2.125% Convertible Senior Notes due 2029 and related capped call transaction in a private placement pursuant to Rule 144A under the Securities Act of 1933.
$500 million
Perkins Coie LLP
Client: Amcor plc
Team: Jason Day, partner; Jonathan Schulman, partner; Ben Dale, associate
Other parties: Citigroup Global Markets Inc.; Wells Fargo Securities, LLC; J.P. Morgan Securities LLC; Mizuho Securities USA LLC; TD Securities (USA) LLC; Deutsche Bank Securities Inc.; PNC Capital Markets LLC; Standard Chartered Bank represented by Sullivan & Cromwell
Notes: Represented Amcor plc and its subsidiaries in its SEC-registered offering of $500 million 5.450% Guaranteed Senior Notes due 2029.
500 million euros
Perkins Coie LLP
Client: Amcor plc
Team: Jason Day, partner; Jonathan Schulman, partner; Ben Dale, associate
Other parties: Citigroup Global Markets Limited; Wells Fargo Securities International Limited; BNP Paribas HSBC Bank plc; Merrill Lynch International Banco Bilbao Vizcaya Argentaria, S.A.; ING Bank N.V.; J.P. Morgan Securities plc represented by Sullivan & Cromwell
Notes: Represented Amcor plc and its subsidiaries in its SEC-registered offering of 500 million euros 3.950% Guaranteed Senior Notes due 2032.
Disposition
CONFIDENTIAL
Sherman & Howard L.L.C.
Client: Starbarks, LLC
Team: Bill Peffer, member; Ryan Christ, member; Vince Luparell, associate; Elizabeth Farschon, associate
Other parties: Best Friends Pet Care, Inc. represented by McGuire Woods LLP
Notes: Sale of pet care business and lease of related real property to a private-equity-backed buyer.
CONFIDENTIAL
Sherman & Howard L.L.C.
Client: Luxxbox USA, Inc.
Team: Bill Peffer, member; Taylor John, associate
Other parties: Panzeri Carlo S.R.L. represented by Miller & Martin and PedersoliGattai
Notes: Sale of acoustic and industrial lighting design and manufacturing business to Panzeri, an Italian private-equity-backed lighting brand, involving negotiation of rollover equity, stockholder agreement and seller’s employment agreement as CEO of the post-closing platform.
Equity finance
$1 billion
Gibson, Dunn & Crutcher LLP
Client: Atmos Energy Corporation
Team: Robyn Zolman, partner; Darius Mehraban, partner; Adam Lapidus, of counsel; Sarah Ediger, associate; Lauren Hernandez, associate
Other parties: Norton Rose Fulbright represented the initial purchasers
Notes: Gibson Dunn advised Atmos Energy Corporation in connection with the establishment of a $1 billion At-the-Market equity offering program, which allows for both traditional and forward sales of common stock.
$25.2 million
KO Law PC
Client: SOCRadar
Team: Kevin Gibson, partner; Ryan Sykora, attorney; Logan DeSouza, attorney; Brooke Eckert, attorney; Krystal Rushton, paralegal
Other parties: The round was led by PeakSpan Capital with participation from Oxx
Notes: KO client SOCRadar, a provider of enterprise-grade, end-to-end threat intelligence and brand protection, recently announced the successful completion of its $25.2 million Series B funding round. The funding will primarily be used to expand in the U.S., strengthen the company’s presence in the European Union, continue to penetrate the managed service provider and managed security services provider markets, invest in research and development and continue to utilize artificial intelligence to enhance threat detection, response and automated remediation capabilities.
$3.5 million
Perkins Coie LLP
Client: Energous Corporation
Team: Ned Prusse, partner; David Dedyo, partner
Other parties: H.C. Wainwright & Co., LLC represented by Haynes and Boone, LLP
Notes: Represented Energous Corporation in its common stock at-the-market offering program.
CONFIDENTIAL
Perkins Coie LLP
Client: Weather Investment Corp.
Team: Jessica Batzell, partner; Jackie Wilcox, counsel; Ebony Morris, associate
Other parties: Smartrend Manufacturing Group Inc.; Co-counsel was Osler, Harkin & Harcourt represented by Taylor McCaffrey LLP
Notes: U.S. counsel for Weathervane Investments for their investment in Smartrend Manufacturing Group Inc.
$500,000
KO Law PC
Client: Calorify
Team: John Gaddis, partner; John Kyed, attorney; Sara Richissin, paralegal
Other parties: The investors included Santa Clara Ventures, Santa Cruz Ventures, Vaigai Ventures, HealthTech Capital and angel investors
Notes: KO client Calorify, a metabolic testing startup, recently announced that it raised nearly $500,000 in a pre-seed round to expand its work with clinical trials, medical practices and professional sports teams. With the funding, Calorify plans to execute its go-to-market plan for its metabolic testing kit that the company has created and commercialized to get accurate energy expenditure measurements powered by doubly labeled water.
Other
CONFIDENTIAL
KO Law PC
Client: HarperDB
Team: Jon Taylor, partner; Ryan Sykora, attorney; Michael Wysolmerski, attorney; Chris Ignelzi, paralegal
Other parties: Serent Capital
Notes: KO client HarperDB, a leading distributed systems platform, recently announced a significant growth investment from Serent Capital. HarperDB’s platform combines database, caching, application and streaming functions into a single technology to improve performance and lower cost for global backend services. Serent Capital is a growth-focused private equity firm that invests in founder-led B2B software, SaaS and technology companies.
$15 million
KO Law PC
Client: Innovius Capital
Team: Jennifer Rosenthal, partner; Logan DeSouza, attorney; Cory Helton, attorney
Other parties: SewerAI
Notes: KO client Innovius Capital, a venture capital firm based in San Francisco, recently led SewerAI’s Series B, a $15 million funding round, along with other investors. SewerAI, which sells cloud-based, AI-powered subscription products designed to streamline field inspections and data management of sewer infrastructure, has now raised $25 million total. The latest funding will enable the company’s go-to-market and product portfolio expansion, AI model training and hiring.
$10.3 million
Holland & Hart
Client: Comrit Investments I, LP
Team: Amos Barclay, partner; Denise Rahme, associate
Notes: Holland & Hart represented Comrit Investments I, LP in five tender offers for shares of non-traded REITs. These offers resulted in the aggregate purchase by Comrit of approximately $10.3 million in common equity of various non-traded REITs.
$59.5 million
Holland & Hart
Client: Vertical Harvest, Inc.
Team: Amos Barclay, partner; George Singer, partner; Eric Dante, of counsel; Stu Knight, associate; Jeremy Syz, partner; Lori Argall, paralegal; Tim Percival, paralegal
Notes: Holland & Hart represented Vertical Harvest, a developer of sustainable local food solutions via hydroponic, vertical, controlled environmental agriculture, in connection with its project financing to complete construction of its 52,000-square-foot indoor farm in Westbrook, Maine. The $59.5 million project financing included components from multiple government-backed programs, including the Department of Agriculture’s Rural Energy for America Program, or REAP, and the USDA’s Business & Industry Loan Guarantees program, as well as the State of Maine’s newly adopted Commercial Property Assessed Clean Energy, or C-PACE, program.