Monthly Archives: April 2017

IPOs and Transactions: April 17 – 21 / plus M&A whitepaper

There were 41 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services including Eyegate Pharmaceuticals Inc. w/ Burns & Levinson LLP and Lowenstein Sandler LLP, Global Medical REIT Inc. w/ Vinson & Elkins LLP, HCBF Holding Company Inc. w/ Gunster, Yoakley & Stewart PA and Igler and Pearlman PA and Petroquest Energy Inc. w/ Porter Hedges LLP.

We appreciate that they selected to work with us and benefited from our fast turns, spot-on execution and absolute cost transparency.

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Law firm / advisor Registrant Symbol Form Industry
American Retail Group, Inc. AMERICAN RETAIL GROUP INC ARGB 10-12G Miscellaneous chemical products
Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C. MECHANICAL TECHNOLOGY INC MKTY S-1 Measuring & controlling devices
Bass, Berry & Sims PLC ENGILITY CORP DR2;EGL S-4 Engineering services
Bioptix, Inc. BIOPTIX INC BIOP S-3 In vitro & in vivo diagnostic substances
Burns & Levinson LLP EYEGATE PHARMA-CEUTICALS INC EYEG S-1 Pharma. preparations
Chron Organization, Inc. SOUTH AMERICAN PROPERTIES INC SAMP 10-12G Non-operating establishments
Cleary Gottlieb Steen & Hamilton LLP TPI COMPOSITES INC TPIC S-1 Steam, gas & hydraulic turbines & turbine generator set units
Cooley LLP ARGENX N.V. ~ F-1 Biological products
Debevoise & Plimpton LLP SITEONE LANDSCAPE SUPPLY INC SITE S-1 Landscape counseling & planning
Disclosure Law Group, PC WRAP TECHNOLOGIES INC ~ S-1 ~
DLA Piper LLP COLUMBUS MCKINNON CORP CMCO S-3 Construction machinery & equipment
Dorsey & Whitney LLP COGENTIX MEDICAL INC CGNT S-3 Electromedical & electrotherapeutic apparatus
Drinker Biddle & Reath LLP INFINITY CORE ALTERNATIVE FUND ZVAMIX N-2 ~
Ellenoff Grossman & Schole LLP JAKROO INC ~ S-1 Sporting & athletic goods
Frank J. Hariton, Attorney-at-Law SUPERSTAR VAPE INC ~ S-1 ~
Freshfields Bruckhaus Deringer US LLP TPG PACE ENERGY HOLDINGS CORP ~ S-1 Blank check
Goodwin Procter LLP ARGENX N.V. ~ F-1 Biological products
Goodwin Procter LLP TPI COMPOSITES INC TPIC S-1 Steam, gas & hydraulic turbines & turbine generator set units
Gunster, Yoakley & Stewart, P.A. HCBF HOLDING COMPANY INC ~ S-4 Offices of bank holding companies
Haneberg Hurlbert PLC NEWATER TECHNOLOGY INC ~ F-1 Sanitary services
Igler and Pearlman, P.A. HCBF HOLDING COMPANY INC ~ S-4 Offices of bank holding companies
John D. Thomas, P.C. CICLET HOLDINGS INC ~ S-1 ~
K&L Gates LLP LIGHTWAVE LOGIC INC LWLG S-1 Miscellaneous plastics products
K&L Gates LLP NEWATER TECHNOLOGY INC ~ F-1 Sanitary services
Kirkland& Ellis International LLP BRIGHT SCHOLAR EDUCATION HOLDINGS LTD ~ F-1 Educational services
Latham & Watkins LLP MILACRON HOLDINGS CORP MCRN S-1 Special industry machinery
Latham & Watkins LLP VIEWRAY INC MRXC S-3 Retail – misc. retail
Lowenstein Sandler LLP EYEGATE PHARMA-CEUTICALS INC EYEG S-1 Pharma. preparations
Lowenstein Sandler LLP ZOMEDICA PHARMA-CEUTICALS CORP ~ S-1 Pharma. preparations
Lucosky Brookman LLP AKERS BIOSCIENCES INC AKER S-3 Industrial inorganic chemicals
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. CORINDUS VASCULAR ROBOTICS INC CVRS S-3 Surgical & medical instruments & apparatus
NautaDutilh N.V. ARGENX N.V. ~ F-1 Biological products
O’Melveny & Myers LLP WILLDAN GROUP INC WLDN S-3 Engineering services
Orrick, Herrington & Sutcliffe LLP JMP GROUP LLC JMP S-3 Security brokers, dealers & flotation companies
Orrick, Herrington & Sutcliffe LLP LEVI STRAUSS & CO ~ S-4 Apparel & other finished products made from fabrics & similar material
Ortoli Rosenstadt LLP CHINA INTERNET NATIONWIDE FINANCIAL SERVICES INC ~ F-1 Management consulting services
Pillsbury Winthrop Shaw Pittman LLP IDENTIV INC INVE S-3 Computer peripheral equipment
Porter Hedges LLP PETROQUEST ENERGY INC PQ S-4 Crude petroleum & natural gas
Reed Smith LLP JAGUAR ANIMAL HEALTH INC JAGX S-4 Pharma. preparations
Ropes & Gray LLP MILACRON HOLDINGS CORP MCRN S-1 Special industry machinery
Shutts & Bowen LLP RENNOVA HEALTH INC RNVA S-1 Testing laboratories
Sichenzia Ross Ference Kesner LLP CHINA INTERNET NATIONWIDE FINANCIAL SERVICES INC ~ F-1 Management consulting services
Sichenzia Ross Ference Kesner LLP MEDOVEX CORP MDVX S-3 Surgical & medical instruments & apparatus
Simpson Thacher & Bartlett LLP SITEONE LANDSCAPE SUPPLY INC SITE S-1 Landscape counseling & planning
Superb Acquisition, Inc. SUPERB ACQUISITION INC ~ 10-12G ~
Tingle Merrett LLP ZOMEDICA PHARMA-CEUTICALS CORP ~ S-1 Pharma. preparations
Vinson & Elkins L.L.P. GLOBAL MEDICAL REIT INC GMRE S-3 REIT
Vinson & Elkins L.L.P. USA COMPRESSION PARTNERS LP USAC S-3 Natural gas transmission
Weil, Gotshal & Manges LLP AMC ENTERTAINMENT HOLDINGS INC AMC S-4 Motion picture theaters
Weil, Gotshal & Manges LLP TPG PACE ENERGY HOLDINGS CORP ~ S-1 Blank check
Weintraub Tobin Chediak Coleman Grodin, Law Corp. ADAMIS PHARMA-CEUTICALS CORP ADMP S-3 Pharma. preparations
Wilson Sonsini Goodrich & Rosati PC BRIGHT SCHOLAR EDUCATION HOLDINGS LTD ~ F-1 Educational services
Wilson Sonsini Goodrich & Rosati, PC CAPNIA INC CAPN S-1 Electromedical & electrotherapeutic apparatus

 

Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors. Click here and opt-in to receive this weekly summary via email.

Click here to review the week’s underwriters.

Have a great week

IPO Underwriters of the Week: April 17 – 21 / plus M&A whitepaper

Congratulations to the corporations and underwriters that worked with our transaction services team. Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

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Registrant Form Underwriter 1 Underwriter 2 Underwriter 3 +
CHINA INTERNET NATIONWIDE FINANCIAL SERVICES INC F-1 Boustead Securities, LLC ~ ~
ARGENX N.V. F-1 Cowen and Company, LLC Piper Jaffray & Co. JMP Securities LLC / Wedbush Securities Inc.
TPG PACE ENERGY HOLDINGS CORP S-1 Deutsche Bank Securities Inc. Goldman, Sachs & Co. ~
SITEONE LANDSCAPE SUPPLY INC S-1 Deutsche Bank Securities Inc. Goldman, Sachs & Co. UBS Securities LLC
INFINITY CORE ALTERNATIVE FUND N-2 Foreside Fund Services, LLC ~ ~
TPI COMPOSITES INC S-1 J.P. Morgan Securities LLC Morgan Stanley & Co. LLC ~
LIGHTWAVE LOGIC INC S-1 Lincoln Park Capital Fund, LLC ~ ~
BRIGHT SCHOLAR EDUCATION HOLDINGS LTD F-1 Morgan Stanley & Co. International PLC Deutsche Bank Securities Inc. China Merchants Securities (HK) Co., Ltd.
USA COMPRESSION PARTNERS LP S-3 USA Compression Holdings, LLC ~ ~
NEWATER TECHNOLOGY INC F-1 ViewTrade Securities Inc. ~ ~
EYEGATE PHARMACEUTICALS INC S-1 Wedbush Securities Inc. ~ ~

Post IPO, thousands of organizations count on us to assure regulatory compliance and shareholder communications.

Click here to review the week’s IPOs and active securities law firms.

Have a great week.

“You are treating me like I am your only customer.”

“Fast turns, spot-on execution and absolute cost transparency” has redefined Vintage, helping us to be a top three solution in North America.

Our work is highlighted every Monday in our IPOs and Transactions of the Week blog and email.  Importantly, our week’s success is further highlighted (and celebrated) by the appreciative notes our operations people receive each day from our clients.

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We can’t not share the good news (anonymized for privacy). Sales can offer you full named references. Here is just a handful of our client services “Kudos” for this week.

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Just received the printed version of the proxy today.  I couldn’t be happier with the result.  Our GC took out the first proxy statement that he was responsible for when he joined here about 15 years ago and compared it with the 2017 one and he’s just really blown away.  

Thanks again to you all.  Greatly appreciated.

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Thanks everyone!  This is the first time I believe we ever filed on the last day. Unnerving, but you all made it happen. Congrats! .

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Thank you all for all for everything!  This has been the easiest filing of our annual documents!

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Thank you for all your hard work in getting this done for us!

It’s been a pleasure. I’m really happy with how the book came out and I’m really grateful for the continuous support and expertise you provided.  You were always there and willing to work out the details for us. You made this really easy for me.

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A big thank you to you and your team for all of your help with the 10-K.

We’ve been very busy the last few months and we wouldn’t have been able to file on time if it wasn’t for your help. As always, it’s a pleasure working with you all.

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Great job, by the way.  Thank you all again for making this process go as smoothly as possible.

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You da Man!  Vintage rocks. Thanks for all you do for us.

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Our rebrand was not just a logo change – it was a systemic and cultural reform throughout our operations.  

IPOs and Transactions: April 10 – 14 / plus M&A whitepaper

There were 55 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services including PavMed Inc. w/ Greenberg Traurig LLP, Chino Commercial Bancorp w/ King, Holmes, Paterno & Soriano LLP, Highpower International Inc. w/ Manatt, Phelps & Phillips LLP and Capital Acquisition Holding Co. LTD w/ Graubard Miller, Kirkland & Ellis LLP, Latham & Watkins LLP and Walkers Global.

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Law firm / advisor Registrant Symbol Form Industry
Allianz Life Insurance Company of North America ALLIANZ LIFE INSURANCE CO OF NEW YORK ~ S-1 Life insurance
Allianz Life Insurance Company of North America ALLIANZ LIFE INSURANCE CO OF NORTH AMERICA ~ S-1 Life insurance
Andrews Kurth Kenyon LLP TAPSTONE ENERGY INC ~ S-1 Crude petroleum & natural gas
Andrews Kurth Kenyon LLP BASIC ENERGY SERVICES INC BAS S-3 Oil & gas field services
Bass, Berry & Sims PLC QUORUM HEALTH CORP QHC S-4 General medic & surgical hospitals
Bevilacqua PLLC ICTV BRANDS INC ICV S-1 Retail – catalog & mail-order houses
Breyer & Associates PC RIVERVIEW BANCORP INC RVSB S-3 Savings institutions
Bryan Cave LLP GENERAL MOLY INC GMO S-3 Metal mining
Clifford Chance US LLP SAFETY INCOME & GROWTH INC ~ S-11 Lessors of real property
Cooley LLP AUDENTES THERAPEUTICS INC BOLD S-1 Biological products
Cooley LLP OVID THERAPEUTICS INC ~ S-1 Pharma. preparations
Cooley LLP MATTERSIGHT CORP MATR S-3 Computer integrated systems design
Davis Polk & Wardwell LLP KADMON HOLDINGS INC KDMN S-1 Pharma. preparations
Debevoise & Plimpton LLP US FOODS HOLDING CORP USFD S-1 Retail – Misc. food stores
DLA Piper LLP NABRIVA THERAPEUTICS PLC ~ S-4 ~
Dorsey & Whitney LLP NIOCORP DEVELOPMENTS LTD ~ S-1 Metal mining
Durham Jones & Pinegar, P.C. DYNATRONICS CORP DYNT S-3 Electromedical & electrotherapeutic apparatus
Eversheds Sutherland LLP GREAT WEST LIFE & ANNUITY INSURANCE CO ~ S-1 ~
Eversheds Sutherland LLP UNITED STATES NATURAL GAS FUND LP UNG S-3 Commodity contracts brokers & dealers
Eversheds Sutherland LLP OFS CAPITAL CORP OFS N-2 Investment advice
Fenwick & West LLP AUDENTES THERAPEUTICS INC BOLD S-1 Biological products
Fredrikson & Byron P.A. NEPHROS INC NEPH S-1 Surgical & medical instruments & apparatus
Goodwin Procter LLP AERPIO PHARMACEUTICALS INC ~ S-1 Blank check
Goodwin Procter LLP G1 THERAPEUTICS INC ~ S-1 Pharma. preparations
Goodwin Procter LLP OVID THERAPEUTICS INC ~ S-1 Pharma. preparations
Graubard Miller CAPITOL ACQUISITION HOLDING CO LTD ~ S-4 ~
Greenberg Traurig, LLP PAVMED INC PAVM S-4 Surgical & medical instruments & apparatus
Haynes and Boone, LLP CALLON PETROLEUM CO CPE S-4 Crude petroleum & natural gas
Hill Ward Henderson NUO THERAPEUTICS INC 4C7A S-1 Surgical & medical instruments & apparatus
Honigman Miller Schwartz and Cohn LLP GEMPHIRE THERAPEUTICS INC GEMP S-1 Pharma. preparations
Ithrive PH Inc. ITHRIVE PH INC ~ 1-A ~
Jones Day PEABODY ENERGY CORP BTU S-1 Bituminous coal & lignite surface mining
King & Spalding LLP SIMPLY GOOD FOODS CO CPAA S-4 Blank check
King, Holmes, Paterno & Soriano, LLP CHINO COMMERCIAL BANCORP CCBC 1-A National commercial banks
Kirkland & Ellis LLP CAPITOL ACQUISITION HOLDING CO LTD ~ S-4 ~
Kirkland & Ellis LLP SIMPLY GOOD FOODS CO CPAA S-4 Blank check
Kirkland & Ellis LLP VINE RESOURCES INC ~ S-1 Crude petroleum & natural gas
Kirkland & Ellis LLP ICHOR HOLDINGS LTD ICHR S-1 Semiconductors & related devices
Latham & Watkins LLP CAPITOL ACQUISITION HOLDING CO LTD ~ S-4 ~
Latham & Watkins LLP WILLIAM LYON HOMES INC WLH S-4 Operative builders
Latham & Watkins LLP CBS RADIO INC ~ S-4 Radio broadcasting stations
Latham & Watkins LLP ENTERCOM COMMUNICATIONS CORP ETM S-4 Radio broadcasting stations
Latham & Watkins LLP ICHOR HOLDINGS LTD ICHR S-1 Semiconductors & related devices
Latham & Watkins LLP HC2 HOLDINGS INC HCHC S-3 Telephone comm.
Locke Lord LLP PDL COMMUNITY BANCORP ~ S-1 ~
Lowenstein Sandler LLP NUO THERAPEUTICS INC 4C7A S-1 Surgical & medical instruments & apparatus
Manatt, Phelps & Phillips, LLP HIGHPOWER INTERNATIONAL INC HPJ S-3 Misc. electrical machinery, equipment & supplies
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. G1 THERAPEUTICS INC ~ S-1 Pharma. preparations
Morrison & Foerster LLP PAIN THERAPEUTICS INC PTIE S-3 Pharma. preparations
Murtha Cullina LLP CONNECTICUT WATER SERVICE INC CTWS S-4 Water supply
Nelson Mullins Riley & Scarborough LLP GRIFFIN CAPITAL ESSENTIAL ASSET REIT II INC ~ S-11 Real estate investment trusts
Office of Richard Rubin EWELLNESS HEALTHCARE CORP ~ S-1 Blank check
Porter Hedges LLP CARRIAGE SERVICES INC CSV S-3 Personal services
Reed Smith LLP TEUCRIUM COMMODITY TRUST CORN S-1 Commodity contracts brokers & dealers
Registered Agents Services LLC CANTOR GROUP INC ~ S-1 ~
Ropes & Gray LLP ALTICE USA INC ~ S-1 ~
SD Law Group APC RICH PHARMACEUTICALS INC RCHA S-1 Pharma. preparations
Shearman & Sterling LLP ALTICE USA INC ~ S-1 ~
Sichenzia Ross Ference Kesner LLP HEALTHLYNKED CORP ~ S-1 Offices & clinics of doctors of medicine
Sidley Austin LLP VERMILLION INC VRML S-3 In vitro & in vivo diagnostic substances
Sidley Austin LLP SAFETY INCOME & GROWTH INC ~ S-11 Lessors of real property
Sidley Austin LLP STARWOOD PROPERTY TRUST INC STWD S-4 Real estate investment trusts
Sidley Austin LLP US FOODS HOLDING CORP USFD S-1 Retail – Misc. food stores
Silver, Freedman, Taff & Tiernan LLP PDL COMMUNITY BANCORP ~ S-1 ~
Simpson Thacher & Bartlett LLP US FOODS HOLDING CORP USFD S-1 Retail – Misc. food stores
Skadden, Arps, Slate, Meagher & Flom LLP GREAT ELM CAPITAL CORP GECC N-2 Investors
Stubbs Alderton & Markiles, LLP RESONANT INC RESN S-3 Semiconductors & related devices
Thomas J. Craft, Jr., Esq. EWELLNESS HEALTHCARE CORP ~ S-1 Blank check
Troutman Sanders LLP PACIFIC ETHANOL INC PEIX S-3 Industrial organic chemicals
Vinson & Elkins L.L.P. TAPSTONE ENERGY INC ~ S-1 Crude petroleum & natural gas
Vinson & Elkins L.L.P. VINE RESOURCES INC ~ S-1 Crude petroleum & natural gas
Wachtell, Lipton, Rosen & Katz CBS RADIO INC ~ S-4 Radio broadcasting stations
Wachtell, Lipton, Rosen & Katz ENTERCOM COMMUNICATIONS CORP ETM S-4 Radio broadcasting stations
Walkers Global CAPITOL ACQUISITION HOLDING CO LTD ~ S-4 ~
Whitman Breed Abbott & Morgan LLC CONNECTICUT WATER SERVICE INC CTWS S-4 Water supply

Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors. Click here and opt-in to receive this weekly summary via email.

Click here to review the week’s underwriters.

Have a great week

IPO Underwriters of the Week: April 10 – 14 / plus M&A whitepaper

Congratulations to the corporations and underwriters that worked with our transaction services team. Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

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Registrant Form Underwriter 1 Underwriter 2 Underwriter 3 +
OVID THERAPEUTICS INC S-1 Citigroup Global Markets Inc. Cowen and Company, LLC William Blair & Company, L.L.C. / JMP Securities LLC
VINE RESOURCES INC S-1 Credit Suisse Securities LLC Morgan Stanley & Co. LLC
ICHOR HOLDINGS LTD S-1 Deutsche Bank Securities Inc. Stifel, Nicolaus & Company, Inc. / RBC Capital Markets, LLC Cowen and Company, LLC / Needham & Company, LLC
SIMPLY GOOD FOODS CO S-4 Deutsche Bank Securities, Inc. ~ ~
PACIFIC ETHANOL INC S-3 FBR Capital Markets & Co. ~ ~
RICH PHARMACEUTICALS INC S-1 GHS Investments, LLC ~ ~
US FOODS HOLDING CORP S-1 Goldman, Sachs & Co. Morgan Stanley & Co. LLC J.P. Morgan Securities LLC / KKR Capital Markets LLC
GREAT WEST LIFE & ANNUITY INSURANCE CO S-1 GWFS Equities, Inc. ~ ~
GENERAL MOLY INC S-3 H.C. Wainwright & Co. LLC ~ ~
HEALTHLYNKED CORP S-1 Iconic Holdings LLC ~ ~
ALTICE USA INC S-1 J.P. Morgan Securities LLC Morgan Stanley & Co. LLC Citigroup Global Markets Inc. / Goldman, Sachs & Co.
G1 THERAPEUTICS INC S-1 J.P. Morgan Securities LLC Cowen and Company, LLC Needham & Company, LLC / Wedbush Securities Inc.
SAFETY INCOME & GROWTH INC S-11 Merrill Lynch, Pierce, Fenner & Smith Inc. J.P. Morgan Securities LLC Barclays Capital Inc.
TAPSTONE ENERGY INC S-1 Merrill Lynch, Pierce, Fenner & Smith Inc. Citigroup Global Markets Inc.
AUDENTES THERAPEUTICS INC S-1 Merrill Lynch, Pierce, Fenner & Smith Inc. Cowen and Company, LLC Piper Jaffray & Co. / Wedbush Securities Inc.
NUO THERAPEUTICS INC S-1 Northland Capital Markets ~ ~
EWELLNESS HEALTHCARE CORP S-1 Tangiers Global, LLC ~ ~

Post IPO, thousands of organizations count on us to assure regulatory compliance and shareholder communications.

Click here to review the week’s IPOs and active securities law firms.

Have a great week.

Experts discuss “Extraordinary Acquirers” for consistently great M&A


What makes for an “extraordinary” acquirer? What explains the inconsistent returns of private equity funds? Four dealmakers weigh in on the results of M&A research.

Vintage question > A study in the Journal of Financial Economics titles “Extraordinary Acquirers” indicated that certain companies have consistently great M&A outcomes, whereas it is more difficult to identify specific aspects of deals that make them great. The study argues that qualities of these companies, such as organizational knowledge and integration practices, account for these exceptional M&A returns. What do you think, are there more “extraordinary acquirers” than there are “extraordinary deals”?

Rob Goldstein > My general view is there are more extraordinary acquirers than there are extraordinary deals. I do both public M&A and private equity, and my experience over the last 21 years is that the best-prepared acquirers in both arenas are the most likely to have success. I’ve been very impressed by certain clients who are extraordinarily diligent when it comes to learning about and understanding an industry, a product line, and a geographic sector before they even start zeroing in on specific targets.

At the same time, I don’t think there are hard and fast rules to this. I have seen plenty of acquirers who were not “extraordinary” or who weren’t the most prepared but got fortunate with finding a terrific asset and made a great return. There are also plenty of great acquirers out there who have bought lemons. Nobody bats 1.000. And it’s the same for the best private equity firms – I’ve represented some very smart private equity clients, and even they don’t bat 1.000.

As far as what makes an “extraordinary acquirer,” I think there can be overwhelming advantages to having a large organization in which you can draw upon the resources of industry experts and financial experts who bring a wealth of knowledge and experience to the table. When you are better prepared, know the market better, know what your objectives are, and in most cases adhere to rigid pricing characteristics, these acquirers are more likely to be successful than those who aren’t as disciplined and diligent. I have one client I worked with that had an incredible stable of talent to analyze all angles of a deal, and if they didn’t have some capability in-house, they would not hesitate to go to a market leader in the industry and get further information to validate their investment thesis.

One other thing I’ll mention is that success can depend on an acquirer’s ability to learn about complex industries – or stay out of them altogether. Healthcare is a major focus for us at McDermott Will & Emery, as well as a very active market generally for both strategics and private equity. And healthcare is a sector where you really have to know what you’re doing to succeed in M&A. I’ve had clients who were not experienced in the space who I think have been hesitant to get into it because it requires a tremendous amount of industry knowledge. On the flip side, I’ve seen a number of instances where people who are heavily into the healthcare market and understand the industry, the trends, and the regulatory side of things may well be willing to pay a higher multiple than they otherwise would because of their specialized knowledge.

Jim Rosener > As a legal advisor, my role pretty much ends at the closing of a deal, but I think the differentiator between a good transaction and a bad transaction starts the day after it closes. So in that way, I would say that post-closing execution is crucial. At private equity funds, that means having clear integration plans, cost control strategies, and a great understanding of what the next steps are on both standalone and tuck-in acquisitions. They need to have a really good understanding of all of the things that make a particular company run well.

That said, you have to buy something with reasonably good bones, such that you know you can do the work afterwards to make it great. And that’s why you need strong evaluation of a transaction, good modeling, and to some degree a negotiation of the allocation of risks that is done in creating the purchase agreement. These elements determine in part whether the deal you’ve done has the potential to be extraordinary. So there’s obviously a lot of work that goes into the evaluation of a target and the due diligence regarding a target. But ultimately, I think the ability to turn a target into a great acquisition depends most on the post-closing execution.

CLICK IMAGE TO DOWNLOAD THE WHITEPAPER

Michael Meyers > Truly extraordinary transactions are ultimately created by extraordinary acquirers in the post-transaction, and are further enhanced through cross-selling synergies of a product, process or service. I believe that the combination of proactive and visionary leadership in the C-suite, merged with the experience and expertise from different functional areas within a company, creates potent opportunities and successful transaction results. I’d also say that while financial metrics and process are important, I believe that highly skilled BD professionals can match these variables with gap analysis with respect to their process and integration skills. Experienced and thoughtful business development leadership considers organizational variables as a key component of their due diligence process, which increases the probability that integration will result in the anticipated accretion or exceed it.

One confounding variable relates to the legal limitations that are often present with respect to integration activities. As a result of this factor, the potential for integration needs to be well understood in advance. Ultimately, the vital integration drivers need to be identified and considered by the acquirer’s senior leadership and business development team. And carrying out integration in a multi-disciplinary way – across various functional areas of an organization — is critical. It entails a great deal more than a visionary CEO with a mandate from the top down.

IPOs and Transactions: April 3 – 7 / plus M&A whitepaper

There were 51 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services including Ampliphi Biosciences Corp. w/ Cooley LLP and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC, Southern National Bancorp of Virginia Inc., w/ Alston & Bird LLP and Troutman Sanders LLP, Matinas Biopharma Holdings Inc. w/ Lowenstein Sandler LLP and Sterling Bacncorp w/ Squire Patton Boggs LLP and Wachtell, Lipton, Rosen & Katz.

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Law firm / advisor Registrant Symbol Form Industry
Akin Gump Strauss Hauer & Feld LLP EAGLE BULK SHIPPING INC EGLE S-3 Deep sea foreign transportation of freight
Alston & Bird LLP SOUTHERN NATIONAL BANCORP OF VIRGINIA INC SONA S-4 State commercial banks
American Electric Power Service Corp. AEP TRANSMISSION COMPANY LLC ~ S-4 ~
Barrett McNagny LLP STEEL DYNAMICS INC STLD S-4 Steel works, blast furnaces (including coke ovens) & rolling mills
Blake, Cassels & Graydon LLP ZYMEWORKS INC ~ F-1 Pharma. preparations
Brunson Chandler, & Jones, PLLC APPIPHANY TECHNOLOGIES HOLDINGS CORP APHD S-1 Services – computer programming services
Cleary Gottlieb Steen & Hamilton LLP TPG SPECIALTY LENDING INC TSLX N-2 Finance services
Clifford Chance US LLP KKR REAL ESTATE FINANCE TRUST INC ~ S-11 REITs
Cooley LLP AMPLIPHI BIOSCIENCES CORP APHB S-1 Biological products
Cooley LLP SENSEONICS HOLDINGS INC SENS S-3 Industrial instruments for measurement, display, control
Cooley LLP BIOHAVEN PHARMACEUTICAL HOLDING CO LTD ~ S-1 Pharma. preparations
Cooley LLP UROGEN PHARMA LTD ~ F-1 Pharma. preparations
Cooley LLP VERONA PHARMA PLC ~ F-1 Pharma. preparations
Cooley LLP ZYMEWORKS INC ~ F-1 Pharma. preparations
Cooley LLP SYNDAX PHARMACEUTICALS INC SNDX S-3 Pharma. preparations
Covington & Burling LLP UROGEN PHARMA LTD ~ F-1 Pharma. preparations
Davis Polk & Wardwell LLP FOGO DE CHAO INC FOGO S-3 Retail – eating places
Davis Polk & Wardwell LLP COUPA SOFTWARE INC COUP S-1 Services – prepackaged software
Dentons US LLP WINDTREE THERAPEUTICS INC WINT S-1 Biological products
Dieterich & Associates PHI GROUP INC PHIL S-1 Services – management services
Digital Ally, Inc. DIGITAL ALLY INC DGLY S-3 Radio & television broadcasting & communications equipment
Dorsey & Whitney LLP CACHET FINANCIAL SOLUTIONS INC CAFN S-3 Blank check
Dorsey & Whitney LLP INTELGENX TECHNOLOGIES CORP IGX S-1 Pharma. preparations
Eversheds Sutherland LLP TRIANGLE CAPITAL CORP TCAP N-2 Finance services
Eversheds Sutherland LLP THL CREDIT INC TCRD N-2 Investors
Fenimore, Kay, Harrison & Ford, LLP GUARANTY BANCSHARES INC ~ S-1 State commercial banks
Fenwick & West LLP ADESTO TECHNOLOGIES CORP IOTS S-3 Semiconductors & related devices
Gornitzky & Co. UROGEN PHARMA LTD ~ F-1 Pharma. preparations
Gray, Plant, Mooty, Mooty & Bennett, P.A. EVINE LIVE INC EVLV S-3 Retail – catalog & mail-order houses
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP COUPA SOFTWARE INC COUP S-1 Services – prepackaged software
Hamburger Evron & Co. UROGEN PHARMA LTD ~ F-1 Pharma. preparations
Haynes and Boone, LLP KMG CHEMICALS INC KMG S-3 Chemicals & allied products
Hogan Lovells US LLP PLAYA HOTELS & RESORTS N.V. PLYA S-1 Hotels & motels
Hunton & Williams LLP GUARANTY BANCSHARES INC ~ S-1 State commercial banks
Jones Day 1ST FRANKLIN FINANCIAL CORP FFFC S-1 Personal credit institutions
K&L Gates LLP BIOTIME INC BTX S-3 Biological products
Kelley Drye & Warren LLP OCEAN POWER TECHNOLOGIES INC OPTT S-1 Electrical machinery, equipment & supplies
Kramer Levin Naftalis & Frankel LLP INSPIRED ENTERTAINMENT INC INSE S-3 Blank checks
Latham & Watkins LLP VERONA PHARMA PLC ~ F-1 Pharma. preparations
Latham & Watkins LLP CORVUS PHARMACEUTICALS INC CRVS S-3 Services – commercial physical & biological research
Law Office of Russell B. Adler, P.A. FATHER TIME INC ~ S-1 ~
Locke Lord LLP AXCELIS TECHNOLOGIES INC ACLS S-3 Special industry machinery
Lowenstein Sandler LLP MATINAS BIOPHARMA HOLDINGS INC MTNB S-3 Pharma. preparations
McCarthy Tétrault LLP ZYMEWORKS INC ~ F-1 Pharma. preparations
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. AMPLIPHI BIOSCIENCES CORP APHB S-1 Biological products
Porter Hedges LLP OCEAN POWER TECHNOLOGIES INC OPTT S-1 Electrical machinery, equipment & supplies
Porter, Wright, Morris & Arthur LLP SB FINANCIAL GROUP INC SBFG S-3 State commercial banks
Proskauer Rose LLP FIVE POINT HOLDINGS LLC NWDHU S-11 Real estate
Ropes & Gray LLP BIOHAVEN PHARMACEUTICAL HOLDING CO LTD ~ S-1 Pharma. preparations
Shearman & Sterling LLP ADVANCEPIERRE FOODS HOLDINGS INC APFH S-1 Food preparations
Sidley Austin LLP CELSION CORP CLSN S-1 Electromedical & electrotherapeutic apparatus
Simpson Thacher & Bartlett LLP KKR REAL ESTATE FINANCE TRUST INC ~ S-11 REITs
Skadden, Arps, Slate, Meagher & Flom LLP XAI OCTAGON FLOATING RATE INCOME & CREDIT ALTERNATIVE TRUST ~ N-2 ~
Skadden, Arps, Slate, Meagher & Flom LLP ISHARES DOW JONES-UBS ROLL SELECT COMMODITY INDEX TRUST CMDT S-1 Commodity contracts brokers & dealers
Skadden, Arps, Slate, Meagher & Flom LLP ADVANCEPIERRE FOODS HOLDINGS INC APFH S-1 Food preparations
Skadden, Arps, Slate, Meagher & Flom LLP ISHARES S&P GSCI COMMODITY-INDEXED TRUST GSG S-3 Investors
Skadden, Arps, Slate, Meagher & Flom LLP ZYMEWORKS INC ~ F-1 Pharma. preparations
Skadden, Arps, Slate, Meagher & Flom LLP FIVE POINT HOLDINGS LLC NWDHU S-11 Real estate
Squire Patton Boggs LLP STERLING BANCORP STL S-4 National commercial banks
Stradley Ronon Stevens & Young, LLP USQ CORE REAL ESTATE FUND ~ N-2 ~
Sullivan & Cromwell LLP HUGHES SATELLITE SYSTEMS CORP HUGH S-4 Communications services, not elsewhere classified
Troutman Sanders LLP SOUTHERN NATIONAL BANCORP OF VIRGINIA INC SONA S-4 State commercial banks
TroyGould PC CYTRX CORP CYTR S-3 Biological products
Vinson & Elkins L.L.P. NATURAL RESOURCE PARTNERS LP NRP S-3 Bituminous coal & lignite surface mining
Vinson & Elkins L.L.P. NATURAL RESOURCE PARTNERS LP NRP S-4 Bituminous coal & lignite surface mining
Vinson & Elkins L.L.P. GASTAR EXPLORATION INC GST S-3 Crude petroleum & natural gas
Wachtell, Lipton, Rosen & Katz STERLING BANCORP STL S-4 National commercial banks
Weintraub Tobin Chediak Coleman Grodin Law Corp. RICEBRAN TECHNOLOGIES RIBT S-3 Grain mill products
White & Case LLP VERONA PHARMA PLC ~ F-1 Pharma. preparations
Willkie Farr & Gallagher LLP GABELLI HEALTHCARE & WELLNESSRX TRUST GRX N-2 Unit investment trusts, face-amount certificate offices & closed-end management investment offices

Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors. Click here and opt-in to receive this weekly summary via email.

Click here to review the week’s underwriters.

Have a great week

IPO Underwriters of the Week: April 3 – 7 / plus M&A whitepaper

Congratulations to the corporations and underwriters that worked with our transaction services team. Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

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Registrant Form Underwriter 1 Underwriter 2 Underwriter 3 +
OCEAN POWER TECHNOLOGIES INC S-1 Aegis Capital Corp ~ ~
PHI GROUP INC S-1 Azure Capital, Inc. ~ ~
ZYMEWORKS INC F-1 Citigroup Global Markets Canada Inc. Barclays Capital Inc. / Wells Fargo Securities, LLC Canaccord Genuity Inc. / Cormark Securities Ltd.
FIVE POINT HOLDINGS LLC S-11 Citigroup Global Markets Inc. / J.P. Morgan Securities LLC RBC Capital Markets, LLC / Wells Fargo Securities, LLC / Deutsche Bank Securities Inc. Evercore Group L.L.C. / Zelman Partners LLC / JMP Securities LLC
SYNDAX PHARMACEUTICALS INC S-3 Cowen and Company, LLC
ADVANCEPIERRE FOODS HOLDINGS INC S-1 Credit Suisse Securities LLC Morgan Stanley & Co. LLC Barclays Capital Inc.
APPIPHANY TECHNOLOGIES HOLDINGS CORP S-1 GHS Investments LLC ~ ~
ISHARES S&P GSCI COMMODITY-INDEXED TRUST S-3 Goldman, Sachs & Co. ~ ~
AMPLIPHI BIOSCIENCES CORP S-1 H.C. Wainwright & Co., LLC ~ ~
VERONA PHARMA PLC F-1 Jefferies LLC Stifel, Nicolaus & Company, Inc. Wedbush Securities Inc. / SunTrust Robinson Humphrey, Inc.
UROGEN PHARMA LTD F-1 Jefferies LLC Cowen and Company, LLC
BIOHAVEN PHARMACEUTICAL HOLDING CO LTD S-1 Morgan Stanley & Co. LLC Piper Jaffray & Co. / Barclays Capital Inc. William Blair & Company, L.L.C. / Needham & Company, LLC
COUPA SOFTWARE INC S-1 Morgan Stanley & Co. LLC ~ ~
GUARANTY BANCSHARES INC S-1 Sandler O’Neill + Partners, L.P. Stephens Inc. ~
KKR REAL ESTATE FINANCE TRUST INC S-11 Wells Fargo Securities, LLC / Morgan Stanley & Co. LLC KKR Capital Markets LLC / Barclays Capital Inc. Goldman, Sachs & Co. / J.P. Morgan Securities LLC / Keefe, Bruyette & Woods, Inc.

Post IPO, thousands of organizations count on us to assure regulatory compliance and shareholder communications.

Click here to review the week’s IPOs and active securities law firms.

Have a great week.

Video: March’s Top Law Firms for SEC transactions

As subject matter experts in transactions i.e. IPOs and M&A, we carefully track the capital markets dealflow… daily, weekly and monthly. If you would like to be emailed the week’s transactions (every Monday afternoon), fill out the quick form on this page.

 

Congratulations to any and all of our partnering law firms that made this month’s list – and to the firms that worked with our teams on their clients’ transaction:

  • 1-A: Form needed for companies taking advantage of Regulation A+
  • S-1: General form of registration statement for all companies including face-amount certificate companies
  • S-3: Registration statement for specified transactions by certain issuers
  • S-4 Registration of securities issued in business combination transactions
  • N-2: Initial filing of a registration statement on Form N-2 for closed-end investment companies
  • F-1: Registration statement for securities of certain foreign private issuers
  • S-11: Registration statement for securities to be issued by real estate companies
  • 10-12G: Initial general form for registration of a class of securities pursuant to Section 12(g)
  • 10-12B: Initial general form for registration of a class of securities pursuant to Section 12(b)

Have you read our whitepaper on how the S-1 registration paperwork flows back-and-forth between the company and the SEC?  CLICK HERE

 

IPOs and Transactions: March 27 – 31 / plus M&A whitepaper

There were 54 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services including Whitehorse Finance Inc. w/ Dechert LLP, Neurotrope Inc. w/ Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC, Pharmathene Inc. w/ Dentons US LLP, Internap Corp. w/ Jenner & Block LLP and Pavmed Inc. w/ Greenberg Traurig, LLP.

We appreciate that they selected to work with us and benefited from our fast turns, spot-on execution and absolute cost transparency.

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Law firm / Advisor Registrant Symbol Form Industry
Alston & Bird LLP PRIME MERIDIAN HOLDING CO ~ S-1 State commercial banks
Andrews Kurth Kenyon LLP SANCHEZ PRODUCTION PARTNERS LP SPP S-3 Crude petroleum & natural gas
Bass, Berry & Sims PLC GLADSTONE LAND CORP LAND S-3 Real estate investment trusts
Cleary Gottlieb Steen & Hamilton LLP CHINA RAPID FINANCE LTD ~ F-1 Finance services
Cooley LLP TRACON PHARMACEUTICALS INC TCON S-1 Biological products
Cooley LLP HTG MOLECULAR DIAGNOSTICS INC HTGM S-3 Laboratory analytical instruments
Cooley LLP AKCEA THERAPEUTICS INC ~ S-1 Pharma. preparations
Cooley LLP MIRAGEN THERAPEUTICS INC SGNL S-3 Medical laboratories
Davis Polk & Wardwell LLP BEAR NEWCO INC ~ S-4 ~
Davis Polk & Wardwell LLP FRONTIER GROUP HOLDINGS INC ~ S-1 ~
Davis Polk & Wardwell LLP AKCEA THERAPEUTICS INC ~ S-1 Pharma. preparations
Davis Polk & Wardwell LLP CARVANA CO ~ S-1 Auto dealers & gasoline stations
Dechert LLP FS GLOBAL CREDIT OPPORTUNITIES FUND-T2 ~ N-2 ~
Dechert LLP NB CROSSROADS PRIVATE MARKETS FUND V (TE) LP ~ N-2 ~
Dechert LLP WHITEHORSE FINANCE INC WHF N-2 Investment advice
Dentons US LLP PHARMATHENE INC PIP S-3 Pharma. preparations
Dentons US LLP MYND ANALYTICS INC CNSO S-1 Misc. health & allied services
DLA Piper LLP IDEAL POWER INC IPWR S-3 Electrical industrial apparatus
Ellenoff Grossman & Schole LLP NATIONAL ENERGY SERVICES REUNITED CORP ~ S-1 Blank check
Ellenoff Grossman & Schole LLP ITUS CORP ITUS S-3 Computer peripheral equipment
Ellenoff Grossman & Schole LLP APRICUS BIOSCIENCES INC APRI S-1 Pharma. preparations
Fenwick & West LLP ONCOGENEX PHARMACEUTICALS INC OGXI S-4 In vitro & in vivo diagnostic substances
Fenwick & West LLP KALVISTA PHARMACEUTICALS INC KALV S-3 Pharma. preparations
Fenwick & West LLP CLOUDERA INC ~ S-1 Services – prepackaged software
Fried, Frank, Harris, Shriver & Jacobson LLP EXPO EVENT HOLDCO INC ~ S-1 Business services
Goodwin Procter LLP AMPIO PHARMACEUTICALS INC AMPE S-3 Pharma. preparations
Goodwin Procter LLP FUNDRISE FOR-SALE HOUSING EFUND – LOS ANGELES CA LLC ~ 1-A Real estate
Goodwin Procter LLP FUNDRISE FOR-SALE HOUSING EFUND – WASHINGTON DC LLC ~ 1-A Real estate
Greenberg Traurig, LLP PAVMED INC PAVM S-1 Surgical & medical instruments & apparatus
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP CLOUDERA INC ~ S-1 Prepackaged software
Hughes Hubbard & Reed LLP FLUSHING FINANCIAL CORP FFIC S-3 Savings institutions
Igler and Pearlman, P.A. PRIME MERIDIAN HOLDING CO ~ S-1 State commercial banks
InCorp Services, Inc. LITORIUM GROUP CORP ~ S-1 ~
Jenner & Block LLP INTERNAP CORP INAP S-3 Computer processing & data preparation
Kirkland & Ellis LLP CARVANA CO ~ S-1 Auto dealers & gasoline stations
Krueger LLP FREIGHT SOLUTION INC ~ S-1 ~
Latham & Watkins LLP FRONTIER GROUP HOLDINGS INC ~ S-1 ~
Latham & Watkins LLP ANTERO RESOURCES MIDSTREAM MANAGEMENT LLC ~ S-1 Natural gas transmission
Latham & Watkins LLP APRICUS BIOSCIENCES INC APRI S-1 Pharma. preparations
Latham & Watkins LLP CAMPING WORLD HOLDINGS INC CWH S-1 Auto dealers & gasoline stations
Latham & Watkins LLP EXPO EVENT HOLDCO INC ~ S-1 Business services
Latham & Watkins LLP CYTORI THERAPEUTICS INC CYTX S-3 Surgical & medical instruments & apparatus
Legal & Compliance LLC MUSCLE MAKER INC ~ 1-A ~
Loeb & Loeb LLP NATIONAL ENERGY SERVICES REUNITED CORP ~ S-1 Blank check
Lowenstein Sandler LLP MALVERN BANCORP INC MLVF S-4 Offices of bank holding companies
Luse Gorman, PC FIRST GUARANTY BANCSHARES INC FGBI S-4 Savings institutions
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo P.C. NEUROTROPE INC NTRP S-3 Prepackaged software
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. MICROBOT MEDICAL INC MBOT S-3 Biological products
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. YIELD10 BIOSCIENCE INC YTEN S-3 Miscellaneous plastics products
Morgan, Lewis & Bockius LLP WORLD CURRENCY GOLD TRUST ~ S-1 Commodity contracts brokers & dealers
Nationwide Life Insurance Company NATIONWIDE LIFE INSURANCE CO ~ S-1 Life insurance
Nelson Mullins Riley & Scarborough LLP SOUTHERN FIRST BANCSHARES INC SFST S-3 National commercial banks
Nixon Peabody LLP EAGLE BANCORP MONTANA INC EBMT S-3 Savings institutions
Ogier NATIONAL ENERGY SERVICES REUNITED CORP ~ S-1 Blank check
Paul Hastings LLP ONCOGENEX PHARMACEUTICALS INC OGXI S-4 In vitro & in vivo diagnostic substances
Perkins Coie LLP BLUCORA INC BCOR S-3 Computer processing & data preparation
Precise Acquisition, Inc. PRECISE ACQUISITION INC ~ S-1 ~
Reed Smith LLP BRYN MAWR BANK CORP BMTC S-4 State commercial banks
Ropes & Gray LLP VERASTEM INC VSTM S-3 Pharma. preparations
Ruskin Moscou Faltischek, P.C. MICROBOT MEDICAL INC MBOT S-3 Biological products
Shearman & Sterling LLP BEAR NEWCO INC ~ S-4 ~
Shearman & Sterling LLP CHINA RAPID FINANCE LTD ~ F-1 Finance services
Simpson Thacher & Bartlett LLP APX GROUP INC ~ S-4 Misc. business services
Skadden, Arps, Slate, Meagher & Flom LLP GAMCO NATURAL RESOURCES GOLD AND INCOME TRUST GNT N-2 Investment advice
Skadden, Arps, Slate, Meagher & Flom LLP GREEN BANCORP INC GNBC S-4 National commercial banks
Stevens & Lee, P.C. BRYN MAWR BANK CORP BMTC S-4 State commercial banks
Vinson & Elkins L.L.P. ANTERO RESOURCES MIDSTREAM MANAGEMENT LLC ~ S-1 Natural gas transmission
Vinson & Elkins L.L.P. CRESTWOOD EQUITY PARTNERS LIMITED PARTNERSHIP CEQP S-3 Nonstore retailers
Weil, Gotshal & Manges LLP CAMPING WORLD HOLDINGS INC CWH S-1 Auto dealers & gasoline stations
Whitaker Chalk Swindle & Schwartz, PLLC FIRST GUARANTY BANCSHARES INC FGBI S-4 Savings institutions

Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors. Click here and opt-in to receive this weekly summary via email.

Click here to review the week’s underwriters.

Have a great week