Morrison & Foerster Archives

Morrison Foerster Adds Sipes as Private Funds Partner in Denver

Morrison Foerster hired Elizabeth Sipes as a partner in the firm’s private funds group in the transactions department. Sipes joined Morrison Foerster from Perkins Coie, where she spent the last six years, serving most recently as firmwide chair of the private investment funds group.

March 7, 2024 Elizabeth Sipes | Morrison & Foerster | Stephanie Thomas Phil Neuffer

Morrison Foerster Adds Finance and Private Equity Partner in San Francisco

Law firm Morrison Foerster hired Michael Vernace as a partner in the firm’s finance and private equity groups in the transactions department, based in the firm’s San Francisco office.

February 22, 2024 Darío Avram | Michael Vernace | Morrison & Foerster | Yemi Tépé Phil Neuffer

Morrison Foerster Adds Davies as Finance Partner

Tammy C. Davies joined law firm Morrison Foerster as a partner in the firm’s finance group, based in its New York office. Davies joined Morrison Foerster from another global firm, where she was a member of the alternative lender and private credit and special situations groups.

January 10, 2024 Darío Avram | Morrison & Foerster | Tammy C. Davies | Yemi Tépé Ian Koplin

Fortress Management and Mubadala to Acquire Fortress Investment Group

Fortress Investment Group and Mubadala Investment Company, through its wholly-owned asset management subsidiary, Mubadala Capital, entered into definitive agreements to acquire 90.01% of the equity of Fortress that is currently held by SoftBank Group, who have been the owners of Fortress since 2017.

Hercules Capital Provides $175MM Term Loan to atai Life Sciences

atai Life Sciences, a clinical-stage biopharmaceutical company aiming to transform the treatment of mental health disorders, entered into a term loan facility for up to $175 million with Hercules Capital.

MGG Investment Group Provides $100MM Term loan Facility to Spark Networks

Spark Networks, a social dating platform for meaningful relationships, completed the successful refinancing of its existing term and revolving loan facility with borrowings under a new term loan facility with MGG Investment Group.

March 15, 2022 David Clark | MGG Investment Group | Moelis & Company | Morrison & Foerster | Spark Networks Ian Koplin

HSBC Leads $150MM Senior Secured Credit Facility for Veeco Instruments

Veeco Instruments entered into a senior secured revolving credit facility that enables the company to borrow up to $150 million over a five-year term that expires in December 2026. HSBC Bank is acting as administrative agent and collateral agent for the facility.

AeroCentury Enters Stalking Horse Agreement with Drake Asset Management

AeroCentury and certain of its subsidiaries commenced a voluntary case under Chapter 11 of the United States Bankruptcy Code. AeroCentury also entered into a stalking horse agreement with its sole secured lender, Drake Asset Management.

MassMutal, Oaktree Supply $375MM to Exantas in Conjunction with Acquisition

ACRES Capital acquired Exantas Capital’s management agreement from an affiliate of C-III Capital Partners. Exantas Capital also entered into definitive agreements with MassMutual and Oaktree for new capital commitments aggregating up to $375 million.

PJT Partners, RBC Capital Markets Advise on iCapital Acquisition of Artivest

iCapital Network and Artivest entered into a definitive agreement under which iCapital will acquire the Artivest platform and operating businesses. PJT Partners served as financial advisor to iCapital Network and RBC Capital Markets served as financial advisor to Artivest.

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