Former SF USAO Securities Fraud Chief Joins Covington

Douglas Sprague, former chief of the San Francisco U.S. Attorney’s Office Economic Crimes and Securities Fraud section, has joined Covington & Burling’s litigation group as a partner, further strengthening the firm’s highly regarded white collar practice. He will be resident in Covington’s San Francisco office.

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Emerging growth and venture capital lawyer Jonathan Axelrad joins DLA Piper in San Francisco

DLA Piper announced today that Jonathan Axelrad has joined the firm’s Corporate and Finance practice as a partner in the San Francisco office.

Axelrad represents emerging growth companies throughout their life cycle. He also represents venture capital and private equity funds that invest in early-stage companies, assisting in financings, mergers and acquisitions, and corporate governance issues.

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Nossaman Expands Public Pensions and Investments Practice in California With Ashley Dunning and Michael Toumanoff

Nossaman LLP is pleased to announce the addition of Ashley Dunning and Michael Toumanoff to the Firm’s Public Pensions and Investments Practice Group. Ms. Dunning will be based in the Firm’s San Francisco office as a Partner and Co-Chair of the Public Pensions and Investments Group, and Mr. Toumanoff will be based in the Firm’s Los Angeles office as Of Counsel. Both join from Manatt Phelps & Phillips.

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OnDeck Raises $200 Million in IPO, Valued at $1.3 Billion

​On Deck Capital, Inc., a leading online platform for small business lending, priced its initial public offering at $20 per share on December 16, 2014, valuing the company at $1.3 billion – the largest venture-backed tech company IPO in New York based on market cap at pricing. The closing of the offering is expected to occur on December 22, 2014, subject to customary closing conditions.

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Goodwin Procter Advises Charlesbank on Acquisition of Varsity Brands

Goodwin Procter attorneys recently advised private equity firm Charlesbank Capital Partners on its completed acquisition of Varsity Brands, a portfolio of brands that promote student participation in academics and athletics. The transaction will help ensure that Varsity Brands has the capital structure, resources, and financial flexibility to build its presence while delivering on its mission to elevate school pride and student achievement.

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Kirkland Advises CHS Capital and Royall & Company in Sale of Royall & Company to Advisory Board Company

Kirkland & Ellis LLP advised CHS Capital and Royall & Company in the sale of Royall & Company, the higher education industry leader in strategic, data-driven student engagement and enrollment management solutions, to the Advisory Board Company (NASDAQ: ABCO), a global, insight-driven technology, research, and services provider. Under the terms of the agreement, the Advisory Board will purchase Royall for $850 million, consisting of $750 million in cash and $100 million in Advisory Board stock.

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Ropes & Gray Represents Belden Inc. in $710 Million Acquisition of Tripwire

Ropes & Gray advised Belden Inc. in its acquisition of Tripwire, a leading provider of advanced cybersecurity solutions, for $710 million. Based in St. Louis, Belden is a global leader in signal transmission solutions for mission-critical applications. The transaction was announced Dec. 9 and is expected to close in the first quarter of 2015, subject to customary closing conditions.

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Orrick Advises SunEdison and TerraForm on $2.4 Billion Acquisition of First Wind

Orrick, Herrington & Sutcliffe LLP acted as M&A counsel for long-time client SunEdison, Inc. (“SunEdison”) and its yieldco, TerraForm Power, Inc. (“Terraform”), in the acquisition of First Wind Holdings, LLC (“First Wind”), a leading developer, owner and operator of U.S. wind and solar energy projects, for approximately $2.4 billion, with a $1.9 billion upfront payment and an up to $510 million earn-out. The transaction marks SunEdison’s entry into the U.S. wind energy sector, building on its position as a leading global solar energy developer.

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