orrick french us tech companies group - q1 2016
Post on 07-Apr-2017
222 Views
Preview:
TRANSCRIPT
ORRICK TECHNOLOGY COMPANIES GROUP
SUPPORTING INNOVATIVE COMPANIES
FRANCE – USA
2016
Leading Technology Practice
• Orrick is passionate about entrepreneurship and supporting the success of early ventures. We provide:
In-depth experience of and a focus on representing technology companies;
A network of strong investors and other relationships;
Capabilities that adapt to the needs of clients as they grow; and
Strategic Global resources, and
Strategic approaches.
1
Technology Companies face unique challenges
Financing IP Protection “Bet the Company”Technology Transactions
AdditionalFinancing
AddressingGlobal Markets
ExitStrategies
FormativeCounseling
Litigation – Swordand Shield
Success leads to even more challenges
Strong Cross-Office Collaboration
We have lawyers 100% dedicated to technologycompanies located throughout our offices in theUnited States, Asia and Europe. We provideseamless on-the-ground coverage for technologytransactions throughout the world.
Tech Companies Group PlatformProviding a single consistent voice –consolidated advice that leverages the entireknowledge base we have built up as yourcounsel. Our cooperative approach enablesus to select the best team possible to staffeach matter.
A unique worldwide Tech Companies Groupplatform
2
Our strong ties with the French Startupsscene
3
In 2015, the Technology Companies Grouphelped its clients raise over $5.67 billion inventure financing through +250 transactionsthroughout the world.
With a seasoned team of technology lawyersbased throughout our offices in Europe, theUS, and Asia, Orrick provides seamless on-the-ground coverage for technologytransactions throughout the world.
Orrick has developped a unique French-UScross-border practice specialized in Flipsand croos border Exits for French companiesin the US and IPOs.
Our multidisciplinary team of lawyerscombines deep experience and commitmentto high-growth businesses with a broadglobal platform that adapts to the needs ofour clients as they grow.
Capital Finance – Groupe Les Echos, 4 May 2015
Our Clients and Network
4
Orrick represents more than 1500 technology companies worldwide, including:
Our lawyers also work with or represent more than 100 venture capital firms that have funded ourclients, including:
• Know how to close a sale
» We have represented technology companies in their recent sales to the following “serialacquirers”:
Exit StrategiesTechnology M&A
5
• Know what motivates potential buyers
» Our lawyers have advised strategic buyers such as:
EliteDailyAcquisition byDailyMail.com
Seller’s Counsel
Representative Technology M&A TransactionsRecent Sell-Side Technology Engagements
6
Terms Not Disclosed
Posterous Inc.Acquisition by
Seller’s Counsel
InstagramAcquisition by
Seller’s Counsel
$1 Billion $1.2 Billion
Yammer, Inc.Acquisition by
Microsoft
Seller’s Counsel
Terms Not Disclosed
Jybe, Inc.Acquisition by
Yahoo!
Seller’s Counsel
$600 million
Neolane S.A.Acquisition by
Adobe
Seller’s Counsel
Terms Not Disclosed
GoodreadsAcquisition by
Amazon
Seller’s Counsel
Symphony TelecaAcquisition by
HarmanInternational Industries, Inc.
Seller’s Counsel
$780 Million Terms Not Disclosed
Shutl LimitedAcquisition by
eBay
Seller’s Counsel
$3.2 Billion
Nest Labs, Inc.Acquisition by
Seller’s Counsel
eNovanceAcquisition by
RedHat
Seller’s Counsel
$89 millionTerms Not Disclosed
La FourchetteAcquisition byTripAdvisor
Seller’s Counsel
Terms Not Disclosed
Terms Not Disclosed
TOA TechnologiesAcquisition by
Oracle
Seller’s Counsel
Terms Not Disclosed
Delamaison,fr.Acquisition of Groupe Adeo (Leroy
Merlin)
Sellers’ Counsel
Edmond de RothchildPartners
Sale ofTVN to
Harmonic Inc.Seller’s Counsel
Terms Not Disclosed
Representative M&A TransactionsOther Technology Engagements
Apple
Acquisitions of Siri and WiFiSlam
Acquiror’s Counsel
Terms Not Disclosed
7
Terms Not Disclosed
Microsoft Corporation
Acquisition of R2 Studio andAPIPHANY, LLC
Acquiror’s Counsel
Terms Not Disclosed
Stripe, Inc.
Acquisition of Kickoff
Acquiror’s Counsel
Terms Not Disclosed
Acquisition of Kosei
Acquiror’s Counsel
Terms Not Disclosed
Telly, Inc.
Acquisition of Sha-Sha Entertainment
Acquiror’s Counsel
Terms Not Disclosed
Cisco Systems Inc.
Acquisitions of WhipTail Technologies,Inc. and JouleX
Acquiror’s Counsel
Terms Not Disclosed
Microsoft Corporation
Acquisition of Nokia’s Chinese Assetsand Operations
Acquiror’s Counsel
Terms Not Disclosed
Shutterstock, Inc.
Acquisition ofVirtual Moment, LLC
(dba WebDAM)Acquiror’s Counsel
Terms Not Disclosed
23andMe
Acquisition of Cure Together, Inc.
Acquiror's Counsel
Terms Not Disclosed
Meninvest(Menlook)
Acquisition of Oki-Ni
Acquiror’s Counsel
EBuzzingMerger with
Teads
EBuzzing’s Counsel
Terms Not disclosedTerms Not Disclosed
MenlookAcquisition of Frontline
Acquiror’s Counsel
$1.55 Billion
JD.comJoint venture with
Bitauto Holdings and Tencent
JV Partner’s Counsel
Terms Not Disclosed
IronPlanetMerger with Cat AuctionServices, an alliance of
CaterpillarJV Partner’s Counsel
Terms Not Disclosed
Zestfinance
Joint venture withJD.com
JV Partner’s Counsel
Recent FinancingsRepresentative Engagements as Company Counsel
8
$80 MillionSeries C Financing
Company Counsel
2014
$80 MillionSeries C Financing
Company Counsel
2014
$216 MillionSeries e Financing
Company Counsel
2015
$367MillionPreferred Stock Financing
Company Counsel
2015
Series A FinancingCompany Counsel
2015
$33 MillionSeries C financing
Company Counsel
2015
$18,3 Million(Y Combinator backed)
Company Counsel
2015
$2,380 Million(TechStars backed)
Company Counsel
2015
€23 MillionSeries D financing
Company Counsel
2014
US financingCompany Counsel
2014
€1,5 MillionSeries A financing
Company Counsel
2014
€24 Million€12 Million Equity financing€12 Million Debt financing
Company Counsel
2014
$18,3 MillionSeries A financing
(Y Combinator backed)Company Counsel
2015
€5,5 MillionSeries A financing
Company Counsel
2015
$40 MillionSeries B financing
Company Counsel
2015
Preferred Stock FinancingInvestor Counsel
3+ Recent Engagements
Recent FinancingsRepresentative Engagements as Investor Counsel
9
Series B FinancingInvestor Counsel
Series A FinancingInvestor Counsel
15+ Recent Engagements
Preferred Stock FinancingInvestor Counsel
10+ Recent Engagements
Series C FinancingInvestor Counsel
17+ Recent Engagements
Series B FinancingInvestor Counsel
10+ Recent Engagements
Preferred Stock FinancingInvestor Counsel
55+ Recent Engagements
Preferred Stock FinancingInvestor Counsel
Preferred Stock FinancingInvestor Counsel
35+ Recent Engagements
Preferred Stock FinancingInvestor Counsel
10+ Recent Engagements
Preferred Stock FinancingInvestor Counsel
40+ Recent Engagements
Series E FinancingInvestor Counsel
Preferred Stock FinancingInvestor Counsel
70+ Recent Engagements
Series F FinancingInvestor Counsel
Preferred Stock FinancingInvestor Counsel
+7 Recent Engagements
Recent IPOs on the US Market
10
Recent IPOs of technology companies
US Company$81,8 MillionIPO on NYSECompany Counsel
2012
French Company$77 Million
IPO on NYSECompany Counsel
2011
US Company$200 Million
IPO on NYSEUnderwriter’s Counsel
2015
USCompany$61.5 millionIPO on NYSECompany Counsel
2015
US Company$103 Million
Initial Public OfferingNasdaq
Underwriters’ Counsel
2015
US Company$65 Million
Initial Public OfferingNYSE
Issuer’s Counsel
2015
Advise clients on changing trends in
the IPO process and develop strategies
that best accomplish key business goals
Your Dedicated Team
•John Bautista, a partner in the Silicon Valley office, is head of theTechnology Companies Group.
•John focuses his practice on advising technology companies andinvestors, and represents both public and private high-tech companies inmany areas, including corporate and securities law, venture capitalfinancings, mergers and acquisitions, public offerings, public companyrepresentation, and technology licensing.
•John works closely with many French companies and investors over thelast 15 years and has strong experience of French-US crossbordertransactions.
•Prior to joining Orrick, John was co-founder of Venture Law Group andserved on the Executive Committee. He previously practiced at Wilson,Sonsini, Goodrich & Rosati.
•
John V. Bautista
12
Related Practice AreasTechnology CompaniesMergers & AcquisitionsCorporate GovernanceJapan
EducationJ.D., Harvard Law School,1991Visiting Scholar, Internationaland Comparative Law, Institutd'Etudes Politiques de ParisB.A., summa cum laude,University of California, LosAngeles
Admitted InCalifornia
John V. Bautista| Partner | Silicon Valleyjbautista@orrick.com +1 650 614-7652
Recent speeches andengagements
Nasdaq/Informilo conference“Scale Your EuropeanVenture”(Paris, May 2015)
TheFamily conference"How to maximize yourpotential to attract UScapital"(Paris, May 2015)
•Saam Golshani is an M&A and Restructuring lawyer based in Orrick'sParis office, with considerable experience in the Technology andInnovation sectors. Internet start-ups, computer software companies andtelecommunication operators rely on Saam for advice on all their businesslegal issues and strategic operations.
•Saam has been distinguished as a key expert by Chambers & PartnersEurope in Technology-Media-Telecommunication. He is recognizedparticularly for his work on both domestic and cross-border mergers andacquisitions as well as private equity and venture capital operations.
•As such, Saam advised recently on the acquisitions of Neolane by Adobefor USD 600 million, the France-based restaurant booking platform LaFourchette by US travel company TripAdvisor, the French provider ofopen source cloud computing services eNovance by US-based Red Hat,Inc. and Thomson Video Networks to Harmony Inc.
•In 2011, he was the advisor to Sequans Communications SA, a French4G chipmaker, on its IPO on the New York Stock. SequansCommunications was the first French company to list on the NYSE since2002.
•
Saam Golshani
13
Related Practice AreasRestructuringCorporateTechnology CompaniesMergers & AcquisitionsPrivate Equity
EducationM.A., Business Law, Universitéde Provence Aix-Marseille I,1997
Admitted InParis
Saam Golshani| Partner | Parissgolshani@orrick.com +33 1 5353 7500
•Benjamin Cichostepski is an experienced lawyer advising technology andWeb companies on corporate transactions for almost 10 years.
•Based in Orrick’s Paris office, Ben has strong ties with the Silicon Valley,San Francisco, New York and London offices, where he spends severalweeks each year as a resident lawyer.
•Passionate about entrepreneurship and shaping the success of earlyventures, Ben leads Orrick’s Technology Companies practice in France.
•He advises companies and investors at various stages from incubationand equity financings to external growth transactions and exits (M&A,IPO), all with deep French-U.S. cross-border expertise. Representativeclients include Teads (Ebuzzing), MenInvest, Sequans Communications,Neolane, LaFourchette, eNovance, Lightspeed Venture Partners, IrisCapital (Orange Publicis Venture), XAnge Private Equity and Idinvest.
•Orrick’s Technology Companies Group is frequently praised for its high-level expertise, locally and as regards to cross-border operations (“Orrick,the law firm “builder” of Tech Companies”, Capital Finance – Groupe LesEchos, May 4, 2015).
•
Benjamin Cichostepski
14
Related Practice AreasTechnology CompaniesCorporateMergers & AcquisitionsPrivate Equity
EducationLL.M., Harvard Law School,2005DEA, Comparative &International Trade Law,Université de Paris II -Panthéon-Assas, 2000Visiting Researcher, Universityof Stellenbosch, 2000D.E.S.S./D.J.C.E., Businessand Tax Law, Université deParis II - Panthéon-Assas,1999Magistère, Business andCommercial Law, Universitéde Paris II - Panthéon-Assas,1999
Admitted InParis
Benjamin Cichostepski| Partner| Parisbcichostepski@orrick.com +33 1 5353 7282
Recent speeches andengagements
La French Touch Conference“Going Global”(New York, June 2015)
AfDB 2015 Annual MeetingsMyAfricanStartUp" How to attract capital? "(Abidjan, May 2015)
AFIC Conférence"Capital-innovation etrecherche publique : lepartenariat gagnant"(Paris, March 2015)
EnterNext Tech Conference2015“What interest do thefinancial markets have forTech companies ?”(Paris, November 2014)
15
For the second consecutive year, Law360 has named Orrick’s Techpractice among its Practice Groups of the Year
top related