Jason Morelli

Omnicom (NYSE: OMC), a leading global marketing and corporate communications company, has announced it has agreed to acquire Flywheel Digital, the digital commerce business of Ascential (LSE: ASCL.L), for a net cash purchase price of approximately US$835 million. Flywheel's services enable top brands to sell more goods more efficiently across hundreds of digital marketplaces, such as Amazon, Walmart, and Alibaba. Latham & Watkins LLP represents Omnicom Group in the transaction with a corporate deal team led by Chicago partners Bradley Faris and Jason Morelli, with associates Alice Bradshaw and Grace Kim. Advice was also provided on tax matters by Washington, D.C. partner Nick DeNovio; on intellectual property matters by New York partner Jeff Tochner; on data privacy and security matters by San Francisco partner Robert Blamires; on employment and benefits matters by Washington, D.C. partner David Della Rocca; on litigation matters by New York partner Jeff Hammel; on UK corporate matters by London partner Sam Newhouse; and on antitrust matters by Washington, D.C. partner Farrell Malone and Brussels partner Héctor Armengod.~~

Oct 30

1 min

Nippon Life Insurance Company (Nippon Life) announced that it has reached an agreement with Corebridge Financial, Inc. (Corebridge) and its parent company, American International Group, Inc. (AIG), on May 16, 2024, to acquire a 20% equity interest in Corebridge. Nippon Life establishes a strategic partnership with these two companies through this acquisition to further enhance the value of Corebridge. The acquisition amount is expected to be approximately US$3.84 billion (approximately JPY 595 billion), which will be funded by cash on hand. The transaction is subject to procedures related to regulatory approval as well as notification of the relevant authorities in relation to the acquisition. Latham & Watkins LLP represents Nippon Life in the transaction with a cross-border corporate deal team led by Tokyo partner Hiroaki Takagi and Chicago partners Bradley Faris and Jason Morelli, with associates Nicholas Cavallo, Tyler Arnfelt, Katie Connelly, Leah Beukelman, and Danni Wang. Advice on corporate matters is also being provided by Tokyo partners Hiroki Kobayashi and Yohei Nakagawa; on tax matters by Chicago partner Diana Doyle; on insurance matters by New York partners Gary Boss and Analisa Dillingham and New York counsel Alexander Traum, with associate Teresa Wendel; on compensation and benefits matters by Chicago partner Benjamin Rosemergy, with associates Victoria Wolfe and Tayler Evan Daniels; on foreign direct investment matters by Washington, D.C. partner Jim Barker and Washington, D.C. counsel Catherine Hein, with associates Julie Choi Shin and Amulya Vadapalli; and on antitrust matters by Century City/Washington, D.C. partner Makan Delrahim, Frankfurt partner Max Hauser, Hamburg partner Jana Dammann, and Washington, D.C. counsel Britton Davis, with associates Charlie Beller, Markus Welzenbach, and Charles McGrath.~~

May 16

1 min

Latham & Watkins has advised Nichi-Iko Pharmaceutical Co., Ltd. (Nichi-Iko Pharmaceutical), a Tokyo Stock Exchange-listed Japanese company that focuses on manufacturing and selling pharmaceutical and medical products, on the sale of its US-business, i.e., of all issued and outstanding shares of its wholly owned subsidiaries, Sagent Pharmaceuticals, based in Wyoming, and Omega Laboratories Ltd., based in Montreal, to Singapore company Ellimist Singapore Pte. Ltd. The Latham team was led by Hamburg partner Henning C. Schneider and Chicago partners Jason Morelli and Sean Parish, with associate Dalton Morgan Powell. Advice was also provided on tax matters by Chicago partner Rene de Vera and on finance matters by Chicago partner James Ktsanes and New York partner George Klidonas.~~

Aug 8

1 min

Latham & Watkins ha assistito EQT Private Equity nella vendita di LimaCorporate S.p.A. a Enovis™ Corporation, società in crescita, orientata all’innovazione tecnologica in ambito medico. Lima è una società a capitale privato, leader globale nel settore ortopedico, focalizzata sul recupero della mobilità attraverso la realizzazione di impianti ortopedici all’avanguardia. L’operazione è soggetta alle approvazioni regolamentari e alle tipiche condizioni di chiusura e si prevede si concluderà agli inizi del 2024. Latham & Watkins ha assistito EQT Private Equity con un team guidato da Cataldo Piccarreta che ha incluso, per gli aspetti corporate, le associate Maria Giulia De Cesari e Federica Di Terlizzi, il partner Sebastian Max Hauser con gli associate Giuseppe Liotine per i profili antitrust; i partner Joseph Kimberling, Patrick Kwak e Jason Morelli con il counsel Yoseph Choi e gli associate Taniel Akay e Medha Vikram per i profili finance, mentre il partner Cesare Milani con l’associate Edoardo Cassinelli hanno prestato assistenza per gli aspetti regolamentari dell’operazione.~~

Oct 3

1 min

Virgin Orbit Holdings, Inc. and its US subsidiaries, a responsive space launch provider, has confirmed its chapter 11 plan in the United States Bankruptcy Court for the District of Delaware. The chapter 11 plan, which was overwhelmingly supported by creditors, was the result of a global settlement with the Official Committee of Unsecured Creditors and a putative class of WARN claimants. The general unsecured creditors’ recovery includes US$1.1 million in cash and certain non-cash assets, while the WARN plaintiffs’ recovery includes a recovery of US$1.455 million. Latham & Watkins LLP is advising Virgin Orbit as restructuring counsel with a Restructuring & Special Situations team led by Los Angeles partner Jeff Bjork and New York partners George Klidonas and Anupama Yerramalli, with associates Liza Burton, Brian Rosen, Thomas Fafara, Tianjiao Li, Nikhil A. Gulati, Genevieve Y. Zimmerman, Natalia Ortiz, and Ryan Maamoun. Advice was also provided on litigation matters by Orange County partner Michele Johnson, San Diego partner Colleen Smith, and Los Angeles partner Amy Quartarolo, with associate Tiffany Ikeda; on public company representation matters by New York partner Ellen Smiley, with associate Eliza Murray; on M&A matters by New York partner Justin Hamill, and Chicago partner Jason Morelli with associates Nima Movahedi, Shannon Cheng, and Tiana Baghdikian; on capital markets matters by Orange County partner Drew Capurro, with associate Greg Van Buiten; on finance matters by New York partners Alfred Xue and Conray Tseng and New York counsel Preeta Paragash, with associate Ana Nunez; on insurance matters by San Diego partner Drew Gardiner; on tax matters by Chicago partner Joe Kronsnoble and Century City counsel William Kessler, with associate Derek Gumm; on employment matters by Los Angeles partner Joe Farrell, with associate Laura Zabele; and on employee compensation and benefits matters by Los Angeles partner Michell Carpenter, with associate Aaron Tso.~~

Jul 31

1 min