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DLA Piper advises SalesLoft in its US$100 million Series E financing

DLA Piper represented Atlanta-based start-up SalesLoft in its recent US$100 million Series E financing led by Owl Rock Capital, with participation from Insight Partners, HarbourVest, and Emergence.

SalesLoft’s sales engagement platform helps industry-leading companies generate more revenue and deliver better experiences to their customers. DLA Piper also advised SalesLoft in its US$70 million Series D round in 2019. The company has now raised a total of US$245 million and is valued at US$1.1 billion.

“We were proud to again partner with SalesLoft in its latest financing round, bringing our wide-ranging experience advising high-growth technology companies on complex transactions to achieve a successful result. We look forward to supporting SalesLoft in its success as it expands its customer base and continues to transform the sales industry,” said Jeffrey Leavitt, the DLA Piper partner who led the firm’s deal team.

“Working with Jeff and the DLA Piper team has been a phenomenal experience. The team provides an exceptional level of support and guidance, and their attention to detail and professionalism ensured that closing this financing round was a smooth and efficient process,” said Kyle Porter, CEO of SalesLoft.

“DLA Piper brings a business-oriented approach to every matter they take on, and Jeff’s background as a former VC and entrepreneur himself gives him a unique ability to understand and prioritise the business issues we care about. The firm’s focus and responsiveness was a key factor in helping us secure this funding and move our goals forward. We were extremely pleased to partner with them once again,” said Chad Gold, CFO of SalesLoft.

In addition to Leavitt (Atlanta), the DLA Piper team advising SalesLoft included partners Stacy Paz (Silicon Valley), Julia Kovacs and Jennifer Kashatus (both of Washington, DC); and associates Puja Vadodaria and Mario Bolaños (both of Atlanta).

DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers in the US who provide strategic counsel to emerging companies in high-growth industries, including biotech, manufacturing, communications, software and semiconductors. Over the last three years, DLA Piper has completed more than 2,100 financings totalling over US$31 billion.

DLA Piper’s global Technology sector lawyers work across practice areas and offices to support technology clients – from start-ups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.

Kirkland Welcomes Antitrust Partner Andrea Agathoklis Murino

Kirkland & Ellis LLP is pleased to announce that Andrea Agathoklis Murino has joined the Firm as a partner in the Antitrust & Competition Group. Ms. Murino will be based in the Firm’s Washington, D.C., office.

“Andrea is a talented antitrust attorney and leader in the legal community with an impressive record representing clients in successful clearances for proposed transactions, merger litigation and other antitrust and competition matters,” said Jon A. Ballis, Chairman of Kirkland’s Executive Committee. “Her arrival bolsters our strong antitrust team, and will help us continue to meet clients’ needs for sophisticated competition counsel on their complex mergers and acquisitions.”

Ms. Murino has private and public sector experience securing clearances for proposed transactions before the Antitrust Division of the U.S. Department of Justice, the U.S. Federal Trade Commission, state attorneys general, and international competition law enforcement agencies. She has successfully represented hundreds of clients through all aspects of transaction-related investigations, including high-profile Second Requests and dozens of intensive public and non-public investigations. She also has experience representing clients in merger litigation, consumer protection matters and numerous other competition matters, including dominant firm conduct, competitor collaborations, and distribution practices. Her clients include companies in the healthcare, pharmaceuticals, technology, financial services, telecommunications, medical devices, consumer products, hospitality, real estate and retail industries.

Chambers USA: America’s Leading Lawyers for Business, The Legal 500 U.S. and Who’s Who Legal Competition have recognised her as a top lawyer. She is active in the ABA’s Section of Antitrust Law, presently serving as an editor of Antitrust Magazine. As a member of the American Health Lawyers Association, Ms. Murino has led webinars to educate lawyers on developments at the intersection of healthcare and antitrust law.

Ms. Murino joins Kirkland from Goodwin Procter LLP, where she was co-chair of the Antitrust & Competition Practice. Previously, she was an attorney advisor to former FTC Chairman and Commissioner William Kovacic, and served as a counsel to two assistant attorneys general for antitrust at the Department of Justice.

Ms. Murino holds a law degree from The George Washington University Law School and a bachelor’s degree from American University.

Latham & Watkins advises Tencent Music on its investment in Wave

Latham & Watkins advised Tencent Music Entertainment Group (“Tencent Music” or “TME”), the leading online music entertainment platform in China, on its minority equity investment in Wave, the market leader in interactive virtual entertainment experiences. The deal will enable TME to air Wave experiences in China across all of its platforms including QQ Music, Kugou Music, Kuwo Music, and WeSing.

Additionally, this collaboration will allow the two companies to develop virtual concert content for TME Live, an innovative live performance brand under TME, which pioneers the integration of offline concerts with an online experience.

The Latham deal team was led by Hong Kong corporate partner Frank Sun, with Beijing associate Jason Zhao. Advice on CFIUS matters was provided by Washington, D.C. partner Steven Croley, counsel Rachel Alpert, and associate Tahura Lodhi; and on IP matters by Hong Kong associate Kieran Donovan.

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 partner named Washington, DC trailblazer

Duane Morris partner Michael E. Barnicle has been named a Washington, DC trailblazer by National Law Journal. The inaugural list honours individuals who are “truly agents of change.”

In law school, Michael Barnicle read about U.S. military veterans who were not receiving the benefits they deserved. He was so upset that he started a free legal clinic to help veterans obtain what the government owned them. But that wasn’t enough. “I said, ‘well, if I’m going to walk the walk and talk the talk. …'” He enlisted in the U.S. Army, where he became a paratrooper and served in Iraq. The experience informs his private practice, in which he facilitates government contracts – including defence contracts – for his clients. “I’m a bridge a lot of times,” spanning the worlds of business and the military. “I speak (both) languages and that really facilitates difficult things.”

Barnicle entered the Army through a pilot program that provided legal advisers to military commanders in areas of conflict. “The more difficult the place in the world, the more difficult the legal problems.” In the four years since he left the Army, Barnicle became a partner at Duane Morris and helped create the firm’s government contracts and international trade practice group. His client list includes many defence contractors, and at least half his practice involves international markets. Although attached to the firm’s Washington office, Barnicle works mostly out of Chicago. “Federal government contracts don’t have geographic limitations.”

During the COVID-19 pandemic, Barnicle has spent much of his time “helping suppliers think creatively to work with both the federal and state governments” to maintain the supply chain for medicines and medical equipment. When the pandemic subsides, he will resume working with technology companies that he thinks are key to supporting military operations. “They’re kind of the new Lockheeds and the new Raytheons and the new large defence industrial base contractors. It’s really important that they understand how to work with the government.”

Baker McKenzie forms Global Task Force on Racial and Ethnic Diversity

Leading global law firm Baker McKenzie announces new Global Race & Ethnicity Task Force which will work across the Firm’s 77 offices in 46 countries and in concert with our efforts at a regional level, to help implement and operationalise programs to advance racial and ethnic diversity.

The Task Force will be led by Miguel Noyola based in our Chicago office and members include Claudia Benavides (Bogota), Anna Brown (New York), Sunny Mann (London), Anna Mello (Rio de Janeiro), Yoshiaki Muto (Tokyo), Veleka Peeples-Dyer (Washington DC), Joyce Smith (San Francisco), Kate Stonestreet (London) and Constanze Ulmer-Eilfort (Munich).

The Task Force will oversee allyship and anti-racism training; sponsorship of our Black colleagues and members of other underrepresented racial and ethnic groups; and a review of our recruitment and client programs. This work will also closely be connected to our program on social mobility and diverse pipeline efforts and will help progress other important D&I programs.

Constanze Ulmer-Eilfort, Chair of the Firm’s Global Diversity & Inclusion Committee commented: “Advancing Racial and Ethnic diversity has always been one of our most important D&I priorities and this Task Force will strive to effect change and to really make a difference. As a Firm we are proud of what we have achieved together on gender diversity and on LGBT+ inclusion. We can and must also make similar progress on racial and ethnic diversity.

“Change starts from within, and we must all embrace the need for change together. We are encouraging everyone to learn, reflect and work to become a more active ally. We need to open our minds and our hearts to the experiences of our Black community — there is so much for us to learn, to understand, and to reflect upon before change happens.”

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