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Latham advises NVIDIA on US$40 Billion acquisition of Arm

Latham & Watkins LLP represents NVIDIA in its acquisition of Arm Limited (Arm) from SoftBank in a cash and stock deal valued at up to US$40 billion. The combination brings together NVIDIA’s leading AI computing platform with Arm’s vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets. SoftBank will remain committed to Arm’s long-term success through its ownership stake in NVIDIA, expected to be under 10 percent.

The Latham deal team is led by M&A partners Josh Dubofsky and Charles Ruck in Silicon Valley and New York and Ed Barnett and Farah O’Brien in London, with associates Saad Khanani, Amro Suboh, Hector Sants, Stephanie Isaia, Oliver Cohen, Rachelle Polsky, Michael O’Halloran, Andria Varnavides, Angharad Simon, and Saavan Shah. San Francisco partner Joshua Holian, Brussels partner Sven Völcker, Washington, D.C. partner Les Carnegie, and London partners David Little and Charles Claypoole advised on regulatory matters with counsels Rita Motta, Jana Dammann, and Annie Froehlich, and associates Sophia Bertran, Natasha Pardawala, Giuditta Caldini, Alexandra Luchian, Niklas Brüggemann, and Rob Price.

Advice was also provided on tax matters by Washington, D.C. partner Nicholas DeNovio and London partner Sean Finn, with associates Pierce Pandolph, Aoife McCabe, and Jared Grimley; on intellectual property matters by London partner Deborah Kirk and Silicon Valley partner Anthony Klein, with associates Arielle Singh, Kirsty Watkins, Grace Erskine, and Elva Cullen; and on benefits and employment matters by London partner Catherine Drinnan, Paris partner Matthias Rubner, Munich partner Tobias Leder, and San Francisco partner Julie Crisp, with associates James Robinson, Adam Ray, Romain Nairi, and Agathe Flandre; on real estate matters by London partner Quentin Gwyer with associate Danni Davies; and on environmental matters by London partner Paul Davies with counsel Michael Green. Additional advice on the transaction was provided by counsels Rachel Alpert and Daniel Smith, and associates Jason Despain, Yasmina Vaziri, and Marcus Tomlison.

Duane Morris Cannabis Industry Group Recognised by Business Insider

Duane Morris has been named a top law firm for cannabis law by Business Insider. The publication reached out to 29 players in the cannabis industry, from VCs to start-ups to multistate operators, to get their take on the best law firms in the industry.

Firm Profile from the Publication

Founded: 1904

Involved in cannabis: 2015

Recommended by: Panther Opportunity Fund, Salveo Capital

About: Duane Morris’ cannabis industry group, which has been around since 2015, is led by Seth A. Goldberg (Philadelphia), Tracy Gallegos (San Francisco/Las Vegas) and Paul P. Josephson (Cherry Hill, NJ).

Their clients range from those directly cultivating and selling cannabis products to investors in the industry. A spokesperson for the firm said that the group advises clients in a variety of areas, including regulatory, intellectual property, and litigation law.

If you would like to find out more information, please visit the Business Insider website (subscription required).

Berry Appleman & Leiden LLP promotes Kelli J. Duehning to partner

We are pleased to announce that Kelli J. Duehning has been named a partner at Berry Appleman & Leiden LLP. Ms. Duehning joined BAL in 2017 after a 17-year career with the Department of Homeland Security U.S. Citizenship and Immigration Services (USCIS) and the Department of Justice Immigration and Naturalisation Service (INS). She practices out of the San Francisco office where she concentrates on government relations and compliance legal services as they relate to all U.S. employment-based corporate immigration matters. Ms. Duehning currently provides legislative/policy updates, immigration program management, and compliance legal advice to some of BAL’s most high-profile clients and is a key leader in the firm’s compliance practice. Kelli is a subject matter expert in her field and is a frequent speaker at local and national continuing legal education courses, as well as industry-related seminars and conferences.

Ms. Duehning is a member of the Federal Bar Association: Immigration Law Section and Northern District of CA Chapters. She earned her Juris Doctorate at the Mitchell Hamline School of Law and her dual Bachelor of Arts degrees in Psychology and Behavioral Science and Law from the University of Wisconsin-Madison. She is admitted to the State Bar of Minnesota.

John Maselli joins Corporate practice in Northern California

DLA Piper announced today that John Maselli has joined the firm’s Corporate practice as a partner in Northern California, based in the San Francisco office.

Maselli advises private equity sponsors, venture capital firms, portfolio companies and strategic acquirers and targets in connection with planning and executing domestic and cross-border mergers and acquisitions, including leveraged buyouts, asset sales, tender offers, spinoffs and carveouts, take privates, and growth equity and early-stage investments. He also advises clients in connection with joint ventures and leveraged recapitalisations, as well as general corporate, securities law and commercial matters.

“John’s broad M&A and private equity experience will make him an invaluable resource for our clients,” said Victoria Lee, global co-chair of DLA Piper’s Technology sector. “He has handled complex cross-border transactions across a range of sectors, including technology, healthcare, cybersecurity, life sciences and real estate, and his wide range of industry experience will deliver important value to domestic and international companies alike.”

“John adds significant depth to our transactional capabilities in Northern California and will help us better meet the needs of clients engaging in strategic transactions across our global platform,” said Bradley Gersich, co-chair of the firm’s Northern California Corporate and Securities practice. “We are excited to have him on our team.”

Maselli is the latest addition to the firm’s Corporate practice, which has also recently welcomed partners Thomas Gaynor, Jinjian Huang and Khoa Do in Northern California, as well as Stephen Ballas and Stephen Reil in Los Angeles.

Maselli received his J.D. from the University of Pennsylvania Carey Law School and his B.A. from the University of Southern California.

Women in Healthcare Leadership Collaborative Powers Forward

The Women in Healthcare Leadership Collaborative, an exclusive leadership initiative for women in-house attorneys, compliance officers, business leaders and other professionals in the healthcare industry who have the talent and drive to advance their careers.

Sheppard Mullin is a full service law firm with approximately 1000 attorneys working in 15 offices worldwide.

The Women in Healthcare Leadership Collaborative will host its next program in New York on January 23, 2020 and it will be streamed live in the firm’s San Francisco office.

16 Sheppard Mullin New York attorneys named as “New York Super Lawyers” and an additional 17 Sheppard Mullin New York attorneys named “Rising Stars”.

The San Francisco office has grown to more than 100 attorneys since its founding in 1981, now the third largest of Sheppard Mullin’s 15 global offices.

Our lawyers are thought leaders, with 19 ranked by The Legal 500 United States, 20 in Best Lawyers in America and 15 as Northern California Super Lawyers.

The law firm was recently recognised by Law360 as a California Powerhouse, with several San Francisco victories and deals contributing to this honour.

It will feature a lively roundtable discussion with Sheppard Mullin healthcare attorneys Christine Clements, Bevin Newman, Allison Fulton and Kathleen Stratton on “A View from the Capitol: 2020 Healthcare Policy, Legal and Regulatory Predictions.”

Audax Private Equity announces recapitalisation of the Chartis Group

Audax Private Equity (“Audax”) today announced that it has recapitalised, in partnership with management, The Chartis Group, LLC (“Chartis” or the “Company”). Headquartered in Chicago, IL, and previously a portfolio company of RLH Equity Partners, Chartis is a leading provider of advisory consulting and software analytics to hospitals, health systems, and other healthcare organisations around the world. Founded in 2001, Chartis’ mission is to materially improve the delivery of healthcare by providing thought leadership, advisory, innovation, and analytics services to healthcare organisations. The Chartis management team will continue to lead the Company and, together with the Chartis consultants and employees, maintain a significant ownership position.

Ken Graboys, Chief Executive Officer of Chartis, said, “We are excited to partner with Audax and for the opportunity it provides us to continue to achieve meaningful growth and expand our impact on global healthcare. Audax brings the resources and capital to support the growth of our next generation of practice offerings, and to make strategic acquisitions.”

Young Lee, Managing Director at Audax, said, “Chartis has earned an outstanding reputation in the healthcare consulting industry demonstrated by the transformational results delivered to clients, extraordinarily talented people, and strong firm culture. We are excited to join the team as they continue to build on this success.”

Tim Mack, Managing Director at Audax, said, “We look forward to partnering with the Chartis team as they continue to provide innovation and improvements for healthcare systems, and pursue strategic add-on acquisitions and partnerships.”

Terms of the transaction were not disclosed. Lincoln International LLC acted as exclusive financial advisor and Winston & Strawn LLP served as legal counsel to Chartis. Ropes & Gray LLP served as counsel to Audax.

About the Chartis Group

The Chartis Group (“Chartis”) provides comprehensive advisory services and analytics to the healthcare industry. With expertise in strategic planning, performance excellence, informatics and technology, and health analytics, Chartis helps leading academic medical centers, integrated delivery networks, children’s hospitals and healthcare service organisations achieve transformative results. Chartis has offices in Atlanta, Boston, Chicago, New York, Minneapolis, Portland and San Francisco. For more information, visit https://www.chartis.com/

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $24 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $5 billion in more than 125 platforms and 770 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimise operations, and significantly increase equity value. With more than 240 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website https://www.audaxgroup.com/