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Corporate Dealmaking
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Chambers USA 2010 on Duane Morris' Corporate Practice:"This midmarket practice is adept at advising on corporate transactions for private equity funds and both public and private companies across the United States. Its experience of traditional acquisitions and the sale of portfolio companies is balanced out by work for entrepreneurs, particularly in the venture capital space. A good proportion of its recent workload has had cross-border and international aspects. Sources say: 'This firm has real clout and is cost-effective.'"
"One of The PrivateBank's primary goals is to work closely with our clients to understand their challenges and goals and to create appropriate solutions based on their needs. We like to work with Duane Morris because of their shared commitment to a relationship-based way of doing business. Our Duane Morris lawyers knew just how to handle a $150 million syndicated financing, easily navigating through the issues presented by the complexity of the deal and its 36 borrowers and 60 parcels of real estate spread over 20 states. The financing and related public offering were done in a way that gave our client great confidence." JEFF STEELE |
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Recent transactions of significance involving Duane Morris transactional lawyers include:US Airways $11 billion merger with American Airlines, as long-time counsel to US Air with regard to governmental and legal matters in Pennsylvania Heineken's $4.6 billion bid for Asia Pacific Breweries, strengthening its foothold in Southeast Asia and China NASDAQ-traded REIT American Realty Capital's reverse merger to acquire its non-traded REIT, resulting in a combined company with an enterprise value of $3.2 billion Groupon's $950 million offering of Series G preferred stock, representing a lead member of the investor group Australian Graincorp Ltd's $665 million acquisition of United Malt Zynga Game Network's $500 million late-stage venture capital raise, representing major members of the investor group Cephalon's acquisition of Ception Therapeutics for $350 million and up to $500 million in milestone payments, representing Ception Sunoco's $350 million sale of its polypropylene subsidiary to Brazil petrochemical giant Braskem SA The Jones Financial Companies', parent of Edward Jones, $320 million revolving line of credit, including an accordion feature, provided by a multibank syndicate Stryker's acquisition of Orthovita in a $316 million all-cash tender offer for all outstanding common stock, followed by a second-step merger to acquire any remaining shares, representing Orthovita Atlantic Industrial's $257.2 million sale to Atlantic Holdings, laying the groundwork for future growth Lehigh Gas Partners' $138 million IPO, including $250MM real estate-based bank financing and restructuring of businesses and assets owned by the wholesale motor fuel distributor |
Duane Morris is a global growth sponsor of the Association for Corporate Growth, joining with this global organization to champion middle-market private investment.Complex Financial Transactions
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"Having the right legal representation in a high-profile matter is important, especially when there are multiple parties and significant issues and dollars at stake. The City of Chicago CAROLE BROWN |
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Chambers USA 2012 on Duane Morris' Banking & Finance Practice:"Duane Morris handles the full range of corporate and M&A transactions, with particular expertise in venture capital, private equity investments, securities offerings and defense against takeovers … this well-regarded group continues to develop its already significant presence in the life sciences sector, and is now increasingly active representing emerging growth companies and venture capital funds. Clients repeatedly note the team's value, quality and competitive pricing." |
selected Duane Morris to act as our counsel in Chicago's issuance of $793 million in new-money, refunding and Build America bonds, Chicago's first use of the federal stimulus bonding program. The transaction marks one of the largest bond deals in Chicago's recent history. 
