Andrew D. Blumenthal

Neuberger Berman, a private, independent, employee-owned investment manager, has announced that funds advised by Neuberger Berman have led a minority recapitalization of FDH Aero. Neuberger Berman joins existing investor Audax Private Equity, a leading private equity firm based in Boston, Massachusetts. Latham & Watkins LLP represented Neuberger Berman in the transaction with a team led by partners Stelios Saffos and Peter Sluka, Co-Chairs of the firm’s Hybrid Capital Practice, respectively, along with partners Andrew Blumenthal, and Jordan Miller, with associates Daniel Glavin and Brent Begany.* Advice was also provided on tax matters by Century City partner Pardis Zomorodi; on government contracts matters by Washington, D.C. partner Kyle Jefcoat, with associate Genevieve Hoffman; on CFIUS matters by Washington, D.C. partner Les Carnegie and counsel Catherine Hein; and on antitrust and FDI matters by Brussels partner Hector Armengod, Milan partner Cesare Milani, and Brussels counsel Philipp Studt, with associates Eva Beyer Blumental and Edoardo Cassinelli. *Admitted to practice in New York only~~

May 10

1 min

Super Micro Computer, Inc. (NASDAQ: SMCI), a Total IT Solution Manufacturer for AI, cloud, storage, and 5G/Edge, closed on February 27, 2024 an offering of US$1.725 billion aggregate principal amount of 0% convertible senior notes due 2029. The initial purchasers exercised in full their option to purchase an additional US$225 million aggregate principal amount of the Convertible Notes. The Convertible Notes were offered and sold to “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933. Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by New York/Los Angeles partners Greg Rodgers and Brittany Ruiz, and New York partner Andrew Blumenthal, with associates Andrew Bentz, Catherine Shaw, Steve Hess, and Daniel Weiss. Advice was also provided on tax matters by New York partner Bora Bozkurt, with associate Claire Park;* on intellectual property matters by New York partner Jessica Cohen, with associate Dewey Kang; on data privacy matters by Bay Area partner Heather Deixler, with associate Mitch Bennett;** on environmental matters by Los Angeles partner Aron Potash, with associate Cody Kermanian; and on sanctions matters by Washington, D.C. partner Les Carnegie, with associate Eric Green. *Admitted to practice in Massachusetts only. **Admitted to practice in New South Wales (Australia) only~~

Feb 27

1 min

SoFi Technologies, Inc., an online personal finance company, closed on March 8, 2024 its US$862.5 million private offering of 1.25% convertible senior notes due 2029, which included the full exercise of the initial purchasers’ option to purchase an additional US$112.5 million aggregate principal amount of notes. The notes were sold in a private offering only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by partners Greg Rodgers, Erika Weinberg, and Andrew Blumenthal, with associates Robyn Sablove, Andrew Bentz, Erin Gilgen, and Emma Gilmore. Advice was also provided on equity derivatives matters by partner Catherine Lee and counsel Christopher Yu, with associate Yi Wei; on regulatory matters by partner Arthur Long and counsel Pia Naib and Naim Culhaci; on tax matters by partner Elena Romanova, with associates Jacob Nagelberg and Tessa Young; on sanctions matters by associate Eric Green; on antibribery and anticorruption matters by partner Erin Brown Jones; on data privacy and security matters by partner Robert Blamires, with associate Kathryn Parsons-Reponte; and on intellectual property matters by partner Jeffrey Tochner, with associate Sebastian Moss.~~

Mar 11

1 min

Neuberger Berman, an employee-owned, private, independent investment manager, has announced that Neuberger Berman Private Markets has completed a significant minority investment in The Benecon Group. Neuberger Berman Private Markets will join existing investor TA Associates, a leading global private equity firm, who remains the majority owner of the Company. Latham & Watkins LLP represented Neuberger Berman in the investment with a team led by partners Stelios Saffos, Peter Sluka, Jordan Miller, and Andrew Blumenthal, with associate Daniel Glavin. Advice was also provided on tax matters by partner Pardis Zomorodi.~~

Feb 26

1 min

Beacon (NASDAQ: BECN), a Fortune 500, publicly traded distributor of building products, including roofing materials and complementary products, such as siding and waterproofing, has announced the pricing of the previously announced underwritten secondary public offering of 5,218,134 shares of Beacon's common stock by CD&R Boulder Holdings, L.P., an entity affiliated with Clayton, Dubilier & Rice, LLC. RBC Capital Markets is acting as the sole underwriter in the registered public offering of these shares. The offering is expected to close on January 22, 2024, subject to the satisfaction of customary closing conditions. Latham & Watkins LLP represents the underwriter in the offering with a team led by New York partners Corey Wright and Andrew Blumenthal, with associates Angel Marcial, James Dorian, and Ilan Lavian. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with associate Ted Gkoo.~~

Jan 19

1 min