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Greenberg Glusker’s Corporate Group Closes Standout Year, Expects Babyboomers to Drive Active Market in 2014

  Greenberg Glusker’s Corporate Group Closes Standout Year, Expects
  Babyboomers to Drive Active Market in 2014

     25 Buy and Sell Side M&A Transactions and Financings Closed in 2013

Business Wire

LOS ANGELES -- February 13, 2014

Greenberg Glusker today announced its Corporate Group successfully handled and
closed more than 25 complex buy and sell-side transactions and financings in
2013. Attorneys in the group closed deals for major entities in branded
consumer products, entertainment, food and beverage, manufacturing and
distribution, and technology industries. Selected highlights of the deals
include:

  *Represented Ubisoft in connection with the acquisition of THQ Montreal and
    publishing rights for South Park
  *Represented Stix Holdings in the purchase of all franchisee owned Pick Up
    Stix restaurants
  *Represented Rhythm and Hues in its negotiation and documentation of
    secured financing made by 20^th Century Fox and Universal Studios
  *Represented Hot Studio in the acquisition of its talent by Facebook
  *Represented Lime Energy (NASDAQ: LIME) in private placements of Series A
    and Series B Preferred Stock
  *Represented Hope Road Merchandising in the sale of equity of Zion
    Rootswear to Bravado (a subsidiary of Universal Music Group)
  *Represented Squabbler in a seed financing round
  *Represented owners in sale of SOS Metals and Trans World Alloys to
    Precision Castparts Corp. (NYSE: PCP)

“Greenberg Glusker ended 2013 on a high note steering some very big deals, and
we’re expecting to see more companies on the market in 2014 as the conditions
become more favorable for business owners to sell,” said Joel Weinstein, chair
of Greenberg Glusker’s Corporate Group. “In 2013 buyer demand was up. Where
the market was lacking was in supply as revenue and incomes grew in an
improved economy. This year, we’re talking to business owners who may be more
interested in looking at a sale, if the price is right.”

Weinstein points to the seven million baby boomers who own businesses, many of
whom are finally in a position to push the button on an exit strategy so they
can move on and enjoy their next act.

“These are people who have worked many years to build their company, and they
don’t want to go through another downturn,” he said. “Now they want to reap
the rewards of their hard work: travel, enjoy their second home, get a boat.”

According to the U.S. Census, 36 percent of companies with employees are owned
by baby boomers. There are more than 75 million baby boomers, and it is
estimated by BIG Research that about 7 million of them own privately held
businesses.

In addition to Weinstein, corporate partners include: Andrew Apfelberg
(immediate past president of the Association for Corporate Growth, Los Angeles
Chapter), Benjamin Alexander, Bruce Andelson, Richard Hong, Gary Kaplan,
Jeffrey Krieger, Katy Spillers, and Richard Sweet. The Group also includes
three associate attorneys.

The full-service offerings of the Corporate Group also feature outside general
counsel representation for a wide range of companies and easy-to-access
comprehensive counsel in related areas of tax, employment, restructuring,
intellectual property and litigation.

Greenberg Glusker’s Corporate Group has received top national and metropolitan
rankings from U.S. News-Best Lawyers in  Securities / Capital Markets Law
(Tier One), Mergers & Acquisitions Law and Corporate Law.

About Greenberg Glusker

Greenberg Glusker represents individuals and organizations ranging from
startup ventures and middle-market companies to larger, public and privately
held multinational corporations across a range of industries. It’s corporate
and tax lawyers advise clients on all aspects of business operations, from
startup and later-stage financing, complex compensation packages, trademark
and other intellectual property rights, to structuring terms, mergers and
acquisitions, debt and equity financing and other complex transactions. For
more information, visit www.GreenbergGlusker.com.

Contact:

Greenberg Glusker
Jonathan Fitzgarrald, (310) 785-6864
JFitzgarrald@greenbergglusker.com
 
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