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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.

Leading private equity partner joins Latham in the Bay Area

Latham & Watkins LLP is pleased to announce that Eric Schwartzman has re-joined the firm as a partner in the Corporate Department and member of the Mergers & Acquisitions and Private Equity Practices. He will practice from the firm’s Bay Area offices, advising private equity sponsors and their portfolio companies, strategic corporate acquirers, and target companies on sophisticated transactions, including mergers, acquisitions, dispositions, take-privates, carve-outs, restructurings, and joint ventures.

Schwartzman is particularly focused on representing private equity clients in sophisticated deals in the technology industry and its many subsectors. His experience also spans the telecommunications, consumer, energy, media and entertainment, financial services, healthcare, industrials, manufacturing, and retail sectors.

“We are thrilled to welcome Eric back to Latham as a partner in our premier global M&A and Private Equity Practices,” said Marc Jaffe, Global Chair of Latham & Watkins’ Corporate Department. “Continuing to build out these practices globally, nationwide, and particularly in the Bay Area is a strategic focus of the firm, as we are deeply committed to growing in line with our clients’ needs. Eric’s vast experience in the technology sector further underscores that commitment as we see our private equity clients increasingly focused on deals in the tech space.”

Tad Freese, Office Managing Partner of Latham & Watkins in Silicon Valley, added: “Eric’s skill set and experience leading complex transactions on behalf of private equity clients are perfectly aligned with our strong M&A and Private Equity Practices in the Bay Area. He is widely recognised as a preeminent private equity M&A lawyer and will be of tremendous benefit not only to clients in California but across Latham’s global platform.”

“Latham’s integrated global platform, private equity capabilities, substantial industry experience, and collaborative culture are all second to none. I am thrilled to re-join this world class firm where I grew up as a lawyer and made partner, to contribute to its continued growth and to serve our clients not only in the Bay Area, but across the United States and globally,” said Schwartzman.

Schwartzman re-joins Latham from Cooley in San Francisco. He previously practiced from Latham’s New York office both as an associate and partner from 2001-2012. He is the latest addition to an extensive group of prominent partners who have recently joined Latham’s Mergers & Acquisitions and Private Equity Practices, including Neal Reenan and Ian Bushner, who joined the firm in March, and Kate Withers, who joined in April.

Eric Schwartzman received his JD, magna cum laude, from Syracuse University College of Law and graduated Order of the Coif.

Accountancy giant names new boss for Scotland

PwC has unveiled a new boss for its operation in Scotland. The firm has unveiled Claire Reid as the successor to long-standing Scottish chairman Lindsay Gardiner, who has stepped down after seven years in the role.

Ms Reid, until recently head of assurance for PwC in Scotland, becomes the first female to hold the post.

And she comes to the role with a strong background in technology. Ms Reid joined PwC in 1998 and in the earlier part of her career with the firm was based in Silicon Valley, California, where she worked with a number of high-profile technology clients.

On returning to the UK she worked to establish and develop PwC’s relationship with Oracle, a cloud computing partner, going on to help build the firm’s cyber security operation, during a 10-year spell in London.

Ms Reid, who has a degree in international business and modern languages from the University of Strathclyde, returned to her hometown of Glasgow in 2016 to become head of assurance and lead the firm’s technology risk practice across the UK.

Ms Reid said: “I am truly honoured to take on the role as regional leader for Scotland. It’s great to be back home in Scotland, working with local organisations and supporting them to prosper and grow across the region.

“Scotland has a dynamic and thriving economy with lots of great opportunity for business, our communities and the people of Scotland.

“I am really excited to build on our recent success and on our investment in Scotland. With my background in technology and digital change, I look forward to bringing continued energy and focus to this topic for our region.”

Mr Gardiner meanwhile will continue to work within the firm’s audit business. Mr Gardiner said: “Leading our wider team in Scotland for the last seven years has been a privilege and great fun. A lot has changed in that time, both in the way we deliver services for our clients, and in the firm itself.

“We now work, in some respects, for the majority of listed companies based in Scotland, have developed our oil and gas and financial services centres of excellence and significantly grown our services to locally-based private organisations and across the public sector.

“We now have more than 900 staff in Scotland and we have opened our new offices in Edinburgh and Aberdeen.”

Trianz recognised as ‘Best Management Consulting Firm’ by Forbes

Trianz, a global digital transformation consulting and technology services firm, has achieved its second consecutive year recognition as one of ‘America’s Best Management Consulting Firms’ by Forbes in its 4th annual listing comprising 218 firms.

This year’s list, like last year’s, spotlights Trianz once again for its best-in-class advisory excellence. Forbes collaborated with the business intelligence and analytics company, Statista, to assess firms’ performances.

Trianz’ business theme, ‘Digital Evolution Simplified,’ reflects its commitment to helping organisations across industries overcome dynamic digital age challenges through simple, yet effective, techniques. The firm collaborates with business and technology leaders to transition their organisations into digital enterprises by delivering industry-leading Cloud, Analytics, Digital, Infrastructure, and Security solutions, in addition to superior Managed Services that ensure long-term success. The firm’s unique delivery model, collaborative consulting approach, and its ability to deploy impactful, game-changing technologies together provide superior value to clients.

The 2019 list was tallied based on a two-phase study comprising an expert survey (partners and project managers from management consultancies) and a client survey covering senior executives, who have previously worked with management consultancies.

Expressing their delight, Co-Presidents at Trianz, Rollen Roberson and Ganeshan Venkateshwaran said, “Being named among ‘America’s Best Management Consulting Firms’ in this year’s Forbes/ Statista list makes us proud and happy indeed. The pride comes from this honor being reflective of our clients’ and peers’ favorable opinion of us. The happiness, of course, is a function of our value proposition being re-validated by Forbes / Statista for two straight years — that we are delivering on our commitment to create meaningful business impact.”

“At Trianz, we hold receiving objective feedback in high esteem. Especially since it motivates us to constantly drive successful business results and a competitive advantage for our clients. Being ranked in a list of such stature for two consecutive years is truly encouraging,” added Prashant Bhavaraju, Vice President for Marketing at Trianz.

About Trianz

Trianz simplifies digital evolutions through effective strategies and excellence in execution. Collaborating with business and technology leaders, we help formulate and execute operational strategies to achieve intended business outcomes by bringing the best of consulting, technology experiences and execution models. Powered by knowledge, research, and perspectives, we enable clients to transition to a digital enterprise by leveraging Cloud, Analytics, Digital, Infrastructure and Security paradigms. With offices in Silicon Valley, Washington DC Metro, Rosemont, Chicago, Austin, Boston, Denver, Irvine, Raleigh, San Francisco, Seattle, New York, Dubai, Bengaluru, Hyderabad and Chennai, we serve Fortune 1000 and emerging organisations across industries globally. For more information, visit https://www.trianz.com/