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White & Case advises on Nordnet’s SEK 10.378 billion IPO

Global law firm White & Case LLP has advised Carnegie Investment Bank AB, J.P. Morgan Securities plc and Citigroup Global Markets Limited, as joint global coordinators, and ABG Sundal Collier AB, Joh. Berenberg, Gossler & Co. KG, DNB Bank ASA, Sweden branch and Skandinaviska Enskilda Banken AB (publ), as joint bookrunners, on the SEK 10.378 billion initial public offering (IPO) and Nasdaq Stockholm listing of Nordnet.

Founded in 1996, Nordnet is a leading pan-Nordic digital savings and investments platform. It was one of Sweden’s first internet brokers and later expanded its operations to include banking and pension services. Nordnet is now primarily active in three business areas: savings and investments, pensions and loans.

The shares of Nordnet started trading on Nasdaq Stockholm on 25 November 2020.  The offering was substantially over-subscribed, attracting very strong interest from large Swedish and international institutional investors as well as the general public in Sweden, Norway, Denmark and Finland. The market capitalisation of Nordnet, based on the IPO price of SEK 96 per share, is approximately SEK 24 billion.  As a result of the IPO, Nordnet will have more than 32,000 shareholders.

The White & Case team which advised on the transaction was led by partners Johan Thiman (Stockholm) and Mikko Hulkko (Helsinki) and included partners Chad McCormick (Houston) and Martin Järvengren (Stockholm), counsel Doron Loewinger (London) and associates Christoffer Nilmén, Antonia Severin, Christian Meijling and Johanna Wagner (all Stockholm), Thomas Killeen (Helsinki), Laura Kitchen (London) and Michael Rodgers (Houston).

Bert Greene named Duane Morris Austin office managing partner

Duane Morris LLP has appointed Bert Greene managing partner of its Austin office. Since its opening in 2017, the Austin office has been run by Houston office managing partner Thomas W. Sankey.

“After three short years, we now have a growing nucleus of extremely talented lawyers in Austin, resulting in an office geared to become an even greater force in this high-tech hub,” said Matthew A. Taylor, Chairman and CEO of Duane Morris. “Tom has done an amazing job spearheading the strategic growth of the firm’s presence in Texas. I know Bert will take the baton and run with it in Austin as we continue to propel our growth in the city and state.”

“I’m honoured to lead an office that has made such a major impact on the firm in such a short period of time,” said Greene. “I look forward to working with my colleagues in Austin, throughout Texas and around the firm to keep building the momentum we have established here.”

Greene’s practice is focused on the enforcement and procurement of intellectual property rights, with a primary emphasis on patent litigation and trade secret litigation. His litigation clients have included large and small technology companies, energy and chemical companies, and retailers in cases involving a diverse array of technologies. Greene has represented both patent holders and accused infringers in numerous federal jurisdictions across the country. He also has experience with patent prosecution, opinion work, portfolio management, copyright litigation, and trademark litigation. Greene has also handled numerous pro bono cases on behalf of asylum applicants in U.S. immigration court.

Greene is a graduate of the University of Texas School of Law (J.D., with honours, 2004), where he was managing editor of the Texas Intellectual Property Law Journal, and the University of Texas at Austin (B.S., chemical engineering, with highest honours, 1998).

About the Duane Morris Austin Office

Duane Morris attorneys have longstanding ties to the Texas legal and business communities and have been practicing law in the state for many years. The opening of the firm’s Austin office in October 2017 further aligned Duane Morris’ domestic footprint with the robust high-technology and energy sectors in Texas. Clients benefit from the firm’s presence in the Texas capital and in Houston, along with the firm’s global breadth of services and experience representing public entities, large corporations, middle-market companies, emerging-growth companies and entrepreneurs.

Texas Super Lawyers recognises two Eversheds Sutherland partners

Eversheds Sutherland is pleased to announce that Partners Scott R. McLaughlin and Lino Mendiola III have been selected as top attorneys in the state by Super Lawyers. The designations are the result of an annual survey conducted by the publication, which focuses on professional achievement and peer recognition.

Mr. McLaughlin, a partner in the Houston office, is widely recognised as an authority for bet-the-company labour and employment cases. A “go-to” litigator for clients facing trade secret, fiduciary, discrimination, wage and hour, and “C-Suite” matters, he also has deep traditional labour experience, having handled litigation against unions, union elections supervised by the National Labour Relations Board, strikes and many labour arbitrations. Mr. McLaughlin regularly files lawsuits under the Computer Fraud and Abuse Act to recover information misappropriated by departing employees and has vast related experience in gathering, securing and preserving electronic evidence. He also has extensive experience in conducting internal sexual harassment, discrimination and fraud investigations, and provides day-to-day labour and employment advice and counsel to clients. With a national litigation practice, Mr. McLaughlin has a successful track record for defending Fortune 200 companies in multimillion-dollar claims before state and federal courts in numerous trials and arbitrations.

Mr. Mendiola, a partner in the Austin office and member of the US Executive Committee, advises clients in both litigation and transactional matters involving energy and regulatory law with a focus on the Texas electric energy market. With more than 24 years of commercial and regulatory litigation experience, Mr. Mendiola represents utilities, private equity investors and other clients in state and federal court and before the Public Utility Commission of Texas and other state agencies. He also advises clients on the regulatory aspects of complex energy transactions, including infrastructure development, asset sales and joint ownership arrangements. Additionally, Mr. Mendiola frequently counsels clients on state and federal contracting and procurement law, and advises governments and businesses on procurement and contracting matters, such as DBE/HUB/MBE/WBE regulatory compliance, supplier diversity program development, and issues relating to diversity, inclusion and affirmative action. He is nationally recognised in designing, implementing and defending affirmative action programs and routinely offers legal advice in disputes involving procurement policies.

Duane Morris launch Meals for Healthcare Heroes program

Duane Morris’ Meals for Healthcare Heroes program provided meals for more than 20,000 medical professionals in 16 cities. Duane Morris’ COVID-19 Strategy Team established the initiative, funded by donations from Duane Morris attorneys and staff, to honour healthcare workers and support local restaurants.

The medical facilities and restaurants included:

  • Atlanta: Piedmont Hospital, Kale Me Crazy
  • Austin: St. David’s Medical Center, Rudy’s
  • Baltimore: University of Maryland Medical Center, Miss Shirley’s
  • Boca Raton: Boca Raton Regional Hospital, Shake Shack
  • Boston: Beth Israel Deaconess Medical Center, Saltie Girl
  • Chicago: Saint Anthony Hospital, Wishbone Chicago
  • Houston: Ben Taub Hospital, Los Tios
  • Los Angeles: Memorial Hospital of Gardena, Panda Express
  • Miami: Doctors Hospital – Baptist Health South Florida, Chick-fil-A
  • Newark: Saint Michael’s Medical Center, SuzyQue’s BBQ & Bar
  • New York: Mount Sinai West, Shake Shack
  • Philadelphia: Children’s Hospital of Philadelphia, Murray’s Deli
  • Pittsburgh: UPMC Shadyside, Market Street Grocery
  • San Diego: Stepping Stone of San Diego, Sisters Pizza
  • San Francisco: Laguna Honda Hospital, West of Pecos
  • Wilmington: ChristianaCare, Olympic Subs and Steaks

About the Duane Morris COVID-19 Strategy Team

The Duane Morris COVID-19 Strategy Team advises clients on all aspects of the legal issues and implications of the COVID-19 pandemic including contractual, employment, insurance and healthcare issues. Duane Morris attorneys are fielding inquiries and providing advice in a wide range of areas, including human resources, travel and transportation, immigration and border entry, hospital and healthcare operations, medical and pharmaceutical supply, FDA, food handling and preparation, OSHA, ADA compliance, data privacy, HIPAA, environmental and EPA, international transactions, shipping, supply chain and logistics, financial reporting, insurance liability, real estate issues, including landlord and tenant matters, and all types of contracts and quasi-contracts. Duane Morris has established a blog dedicated to COVID-19 issues and is distributing Alerts and sharing information via webinars and media interviews.

Norton Rose advises consortium of banks on $500m bond issuance

Global law firm Norton Rose Fulbright has advised Australia and New Zealand Banking Group Limited, Citigroup Global Markets Limited, Emirates NBD Bank PJSC, Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch, J.P. Morgan Securities plc and Société Générale as joint lead managers on a US$500 million bond issuance by Emirates NBD Bank PJSC.

The notes are due February 2025 and were issued off Emirates NBD Bank PJSC’s $12,500,000,000 Euro Medium Term Note Programme, which was updated in July 2019 and on which Norton Rose Fulbright also advised.

The Dubai-based Norton Rose Fulbright team was led by head of debt capital markets for the Middle East, Gregory Man, with assistance from senior associate, Ganna Vlasenko.

Gregory Man commented: “We are proud to have been involved in this transaction. This deal builds on Norton Rose Fulbright’s track record of advising on notable bond transactions in the region and once again provided us with the opportunity to represent many of our leading financial institutions clients.”

About Norton Rose Fulbright

We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 3,700 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, the Middle East and Africa.

Recognised for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through our global risk advisory group, we leverage our industry experience with our knowledge of legal, regulatory, compliance and governance issues to provide our clients with practical solutions to the legal and regulatory risks facing their businesses.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg.

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BoyarMiller advises on the acquisition of Amtel, LLC

BoyarMiller provided legal counsel to Houston-based Amtel Partners, LLC in the purchase of Amtel, LLC, which closed on August 30, 2019. Amtel Partners was led by CEO Andy Priest and President Jeff Bookout.

Based in Grapevine, Texas, Amtel is a leading T-Mobile Premium Retailer (TPR) with 152 locations across multiple U.S. geographies, including Texas, California, Indiana, Ohio, Kentucky, New York and Massachusetts. Amtel is led by long-tenured wireless retail industry veterans who manage a team of highly talented, store-level employees that deliver world-class customer service and leading T-Mobile system operational performance.

“We specifically sought out attorneys that would be deal makers and not deal killers. Bill Boyar came highly recommended from the investment banking community and proved to be creative and a deal maker, for sure,” said Priest. “Bill’s relationships with banks and his experience with credit agreements really helped to get us across the finish line. We look forward to growing the company and to furthering the relationship with Bill and BoyarMiller.”

The BoyarMiller team included co-founding Shareholder Bill Boyar, Senior Associate Cyrus Chin and Associate Alex Parker. The transaction was financed through a senior credit facility provided by Amegy Bank, Woodforest National Bank and Bank of Texas. GulfStar Group served as the financing and structuring advisor to Amtel Partners in the debt placement.

“We are grateful to have had the opportunity to work with Andy Priest and his team, and the GulfStar team led by Scott Winship and Brian Lobo, to complete this capital formation and acquisition. It was a true team effort to overcome several challenges and get the transaction closed. I am particularly proud of the work our BoyarMiller team did to get us to closing,” said Boyar.

If you would like to find out more information, please visit: https://www.boyarmiller.com/