Our sector experience
Baker McKenzie acted as lead counsel for Acorda Therapeutics, formerly a public company listed on NASDAQ, in its USD 185 million sale of substantially all its assets to Merz Therapeutics.
The sale was implemented under the protection of Chapter 11 of the U.S. Bankruptcy Code that involved the restructuring of USD 207 million in secured public bond debt pursuant to a Restructuring Support Agreement pursuant to a Chapter 11 Plan and a going-concern section 363 sale of INBRIJA, AMPYRA, and FAMPYRA.
Acorda Therapeutics
CASE STUDY
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Global provider of semiconductor and infrastructure solutions
Advised on key employee integration issues across 60 countries related to a major acquisition.
Multinational semiconductor company
Advised on tax credit agreements and renewable energy agreements with a combined value of USD 495 million.
Manufacturer of data storage products
Advised on the restructuring of its chip business in more than 20 jurisdictions.
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Our sector experience
Case study
Baker McKenzie served as the lead to advise Western Digital on the separation of its HSS and Flash businesses into two independent companies. The HDD business remained under Western Digital Corporation (trading on Nasdaq as WDC) while the separated Flash business now operates as Sandisk Corporation (trading on Nasdaq as SNDK).
The transaction regularly expanded in scope and complexity and required our team to navigate a variety of unique, complicated and cross-jurisdictional matters, necessitating a great deal of team agility. Immediately following the spin-off Sandisk was valued at USD 6.5 billion.
Western Digital
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Global provider of connecting technologies
Led on the international employment aspects of its first and largest reduction in force advising on the approach across 35+ jurisdictions.
Embracer GroupUSD 247 million
Represented the client in its divestiture of certain assets from Saber Interactive for USD 247 million.
Global technology giant
Obtained a favorable court decision in a challenge against the French Tax Authority’s allegations in a case worth over EUR 1 billion.
Our sector experience
Case study
We advised S&P Global on its USD 44 billion merger with IHS Markit across more than 40 jurisdictions.
We were appointed lead counsel for post-acquisition integration work and various employment, compensation and benefits matters related to the integration.
Our assistance on the complex deal included aspects of the pre-merger structuring, intra-group funding steps and immediate post-merger cash repatriation steps, designing and implementing post-merger legal entity integration and rationalization.
This was one of the most complex deals done in 2022, taking over a year to complete.
S&P Global
USD 44 billion
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