In The News

The Week at Ropes & Gray: Pfizer’s $14 Billion Acquisition and a Burst in Dealmaking, Anti-Corruption Risk in the Real Estate Sector, and a First Pitch at Fenway

  • The dealmakers were busy this week, headlined by Pfizer Inc. (represented by Ropes & Gray), which announced two acquisitions: Medivation Inc., the San Francisco-based biotech company that focuses on cancer drugs, for $14 billion, and the small molecule antibiotics business of AstraZeneca.
  • Ropes & Gray also is representing CCMP Capital Advisors in its acquisition of Badger, a maker and supplier of team uniforms; Smile Brands Group, Inc., provider of support services to dental groups, in its sale to PE firm Gryphon Investors; and Revelstoke Capital Partners in its acquisition of Fast Pace Urgent Care.
  • Just in time for the uptick in deal activity, Ropes & Gray’s M&A team released “The Ropes Recap,” a quarterly recap of mergers & acquisitions law news, including news from the courts; Delaware legislative, tax and SEC updates; and a focus on the UK.
  • Government enforcement partners examine anti-corruption developments in the real estate industry in a two-part series published by the FCPA Blog.  “The mere appearance of impropriety can destroy investment value,” they write.
  • And finally, at a recent Red Sox baseball game, Ropes & Gray associate Charlie Haydock threw out the ceremonial first pitch. The pre-game festivities celebrated the work of Rosie’s Place, a Boston shelter that provides support, housing and education services to 12,000 individuals each year. Haydock is part of a team of Ropes & Gray attorneys who volunteer at a pro bono debt defense clinic (created by Ropes & Gray) for guests of Rosie’s Place.
  • Coming up:  Ropes & Gray is co-sponsoring, with Chambers, a seminar “Navigating the Enforcement Landscape,” on Sept. 13 in New York City.  Ropes & Gray attorneys will be joined by government attorneys and in-house counsel in discussing critical areas facing companies, financial institutions and asset managers in a global environment and providing practical guidance on how best to navigate these complex problems. Register here.      
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