The Week at Ropes & Gray: Health Care, Life Sciences and Technology Transactions; Regulatory Partner to Join in London; Instant Messaging Apps and FCPA Compliance; SEC’s Proposed Rule for Closed-End Funds; James Davis Named a Top IP Lawyer by the Daily Journal
Below are weekly highlights of what’s happening at Ropes & Gray:
- Clients announced three transactions in the health care, life sciences and technology sectors.
- New Mountain Capital announced its purchase of the chemicals business of ACETO Corporation, a generic drug manufacturing and chemical distribution company. Ropes & Gray is advising New Mountain Capital in the transaction.
- Frazier Healthcare Partners has acquired Comprehensive Pharmacy Services, Inc. Ropes & Gray represented NexPhase Capital, LP, co-advisor to the Moelis Capital Partners Opportunity Funds, and Moelis Capital Partners in the sale.
- Stanadyne LLC, a portfolio company of Kohlberg & Company, announced its acquisition of Pure Power Technologies, Inc., a manufacturer of diesel fuel injectors and turbochargers, from Kensington Capital Partners LLC and The Smithfield Group Limited. Ropes & Gray is representing Stanadyne LLC and Kohlberg & Company.
- Regulatory lawyer Eve Ellis will join in London as a partner in the firm’s asset management practice. Eve counsels clients on a broad range of regulatory issues relating to funds and asset managers, including fund structuring, the marketing of financial products and the establishment of regulated businesses. Additionally, she advises on U.K. and EU regulations, such as MiFID II.
- Global businesses are increasingly using instant messaging apps, leading the Justice Department to recently revise relevant provisions in the enforcement of the Foreign Corrupt Practices Act. In this piece for Bloomberg Law Insights, Ropes & Gray attorneys discuss how companies can strike the right balance between fulfilling new policy requirements and the practicalities of business communications.
- The SEC released a proposed rule calling for closed-end funds to provide investors with more detailed fund analyses, as well as for streamlined regulatory filing requirements for business development companies. In this alert, Ropes & Gray attorneys closely examine the proposed rule. Separately, in this Reuters article, asset management partner Nathan Briggs is quoted on the regulatory proposal.
- IP litigation partner James Davis was named a 2019 Top Intellectual Property Lawyer in California by the Daily Journal. The publication recently profiled James and his accomplishments, including his work for Activision Blizzard Inc., and his success representing Emerson Electric in a series of wins in a 10-patent litigation against SIPCO.
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