Three Firms Advise on Alcon-WaveTec Deal: Business of LawCarla Main
Alcon Inc., a Novartis AG unit that develops and markets eye-care products and pharmaceuticals, agreed to acquire WaveTec Vision, the developer of a system used by cataract surgeons, according to a statement issued by Alcon.
WaveTec Vision developed the first commercialized intra-operative guidance system to make cataract surgery better. The system enables surgeons to see certain incisions in real time and allows for measurements that improve precision in implanting lenses. It complements Alcon’s Verion image-guided system, according to the statement.
Hogan Lovells represented Alcon as outside counsel to the company’s lawyers. Corporate partner Adam H. Golden worked on the acquisition, with help from Jodi Scott on regulatory matters.
Kaye Scholer LLP also represented Alcon as outside counsel. Its team was led by corporate partner Derek Stoldt, aided by partner Laurie Abramowitz, tax; partner David Barr, intellectual property; and partner Jeff London, executive compensation.
Stradling Yocca Carlson & Rauth PC represented WaveTec Vision. The lead mergers-and-acquisitions shareholder was Bruce Feuchter. Working with him were shareholders Jeffrey Estes and Timothy O’Brien, corporate; and shareholder Benedict Kwon, tax.
Elizabeth Harness Murphy, a spokeswoman for Alcon, declined to disclose the financial terms of the deal in an interview with Bloomberg News yesterday.
Kilpatrick Townsend Partner Nominated for Federal IP Coordinator
Kilpatrick Townsend & Stockton LLP partner Daniel H. Marti has been nominated by President Barack Obama as U.S. Intellectual Property Enforcement Coordinator, the law firm said in a statement yesterday.
Marti, the firm’s Washington managing partner, would become the second person to hold the office if confirmed. He would replace Victoria Espinel, who stepped down in August, 2013. Espinel was the first to hold the position.
The office of the Coordinator is dedicated to protecting and discouraging theft of intellectual property “while protecting the constitutional rights of citizens,” according to the statement.
A goal of the office is to make sure the federal government takes “the most appropriate action to realize those goals,” the law firm said in the statement.
“This position plays a critical role in implementing the president’s strategy for protecting some of the most important and powerful assets that help drive the nation’s economy,” said Susan Spaeth, Kilpatrick Townsend managing partner.
Marti’s practice includes advising clients on domestic and international trademark and portfolio management, licensing, and other intellectual property-based transactions.
HBR Consulting Adds Basile as Law Department Managing Director
HBR, previously known as Hildebrandt Baker Robbins and once the consulting arm of Thomson Reuters Corp., engages in business and technology operations consulting in the legal industry.
“We continue to expand our law department advisory services in direct response to our client needs, and Bobbi will lead our efforts in the electronic discovery and information domains,” Chief Executive Officer Christopher Petrini-Poli said.
Basile was previously the director of consulting and analytics at RenewData, an electronic discovery provider, and an executive director at Ernst & Young LLP’s forensic technology discovery services. She has 25 years of experience in the legal industry providing operational and technology services to Fortune 500 law departments.
Sedgwick Adds Paula Crow as a Partner in San Francisco
Sedgwick LLP added Paula Crow as a partner in its real estate and finance practice in San Francisco, the firm said in a statement.
Prior to joining Sedgwick, Crow practiced at Lubin Olson & Niewiadomski LLP.
Crow focuses on commercial real estate transactions. Her work for Silicon Valley clients “extends throughout the U.S. and Canada and to major international business centers,” according to the statement.
“Paula’s understanding of transactional real estate law and California’s complex regulatory environment positions her as a key resource for our clients,” building on the firm’s knowledge base, said Curtis Parvin, chairman of the Sedgwick commercial division.
Sullivan & Cromwell First Among Pending M&A Inversion Advisers
Sullivan & Cromwell LLP ranked first among legal advisers in pending M&A tax inversions, deals being decried by U.S. policymakers, according to data compiled by Bloomberg.
The firm was credited with $101.4 billion for three deals. Skadden Arps Slate Meagher & Flom LLP was involved in four deals totaling $54.3 billion.
Goldman Sachs Group Inc. leads financial advisers involved. Goldman was credited with $110.6 billion for five of the 12 pending or proposed deals, including the largest, by AbbVie Inc. ($54.7 billion) and Medtronic Inc. ($46.2 billion).