Smith Anderson's 2018 Closed Business Transactions In Review
In 2018, Smith Anderson advised clients in more than 250 business transactions representing more than $11 billion in value, including mergers, acquisitions and public offerings; debt finance, private equity and venture capital; start-up and early stage financings; real estate development and construction; technology and intellectual property transactions; life sciences and health care.
The following provides a selective overview of some of our clients' closed business transactions in 2018. Highlights include:
- Over 40 Mergers & Acquisitions totaling more than $1 billion in value, including advising Cree in its purchase of assets of the radio frequency (RF) power business of Infineon Technologies AG
- Over 95 Debt Finance, Private Equity and Venture Capital transactions totaling more than $4.8 billion in value, including advising Capitol Broadcasting Company on its senior credit facility
- Over $2 billion in strategic Gene Editing Collaboration and License Agreements for applications in agriculture, human gene therapy, antibacterials and others
- Over $3.7 billion in Technology Transactions, including advising a publicly traded technology company in a strategic partnership to transfer operations, provide licenses and supply products for CATV operators in North America
- Nearly 70 Start-Up and Early Stage Financings totaling more than $91 million in value, including convertible note, convertible preferred stock and SAFE financings
- Over $630 million in Construction and Real Estate Development transactions, including advising Kane Realty Corp. in multiple real estate transactions in the development of North Hills and Peace Street in Raleigh
- SPOTLIGHT: Advised Epic Games, the creator of Fortnite, in a $1.25 billion strategic investment by leaders in the financial, sports and entertainment communities including KKR, Vulcan Capital and Kleiner Perkins