Navigate by Shearman & Sterling LLP | Tools for emerging growth companies

1Password completes acquisition of Passage Back to Site Load in Main Window

10/31/2022

Shearman & Sterling acted as legal counsel to Passage Identity (Passage) as they entered into a definitive merger agreement with AgileBits “1Password” (1Password), pursuant to which Passage has become a wholly-owned subsidiary of 1Password. 1Password will use Passage's technology to launch a passwordless authentication platform for enterprises resulting in a safer, simpler, and more secure end-user experience across any platform or device.

Shearman & Sterling Continues Strong Performance in 2023 Edition of The Legal 500 United Kingdom Back to Site Load in Main Window

09/29/2022

Shearman & Sterling received 117 recognitions in the 2023 edition of Legalease’s The Legal 500 United Kingdom, including 20 practice rankings and 62 individuals earned a total of 97 individual recognitions.

Shearman & Sterling Strengthens Latin America Offering Back to Site Load in Main Window

07/28/2022

Shearman & Sterling has promoted Augusto Ruiloba and Cassandra Cuellar to partner, and Robert O’Leary to counsel in the firm’s Latin America group.

Chevron Technology Ventures’ Investment in TAE Technologies Back to Site Load in Main Window

07/20/2022

Shearman & Sterling advised Chevron Technology Ventures in its Series G-2 investment, alongside Google, Reimagined Ventures, Sumitomo Corporation of Americas, and TIFF Investment Management, in nuclear fusion company TAE Technologies.

Spruce Raises $26 Million Series B Financing Back to Site Load in Main Window

07/20/2022

Shearman & Sterling represented Spruce in its $26 million Series B financing from Sweat Equity Partners, SoftBank Corp., Mercury Fund, Fitz Gate Ventures, Seamless Capital, Raven One Ventures, and New Age Ventures.

Delta-v Capital’s Investment in LogRocket Back to Site Load in Main Window

07/19/2022

Shearman & Sterling advised Delta-v Capital in its investment in LogRocket. The funding round was led by global investment firms Delta-v Capital and Battery Ventures, enabling LogRocket to further scale its machine learning capabilities of its innovative digital experience analytics platform and used to grow headcount.

Roberta Cherman named LatAm Finance Lawyer of the Year Back to Site Load in Main Window

06/16/2022

Capital Markets partner and Head of the São Paulo office Roberta Cherman was named Finance Lawyer of the Year 2022 in Latin America by Women in Business. The awards recognize the leading women lawyers and celebrate the law firms that have impressive initiatives to promote diversity and women in the legal industry.

Shearman & Sterling Announces 12 New Partners Back to Site Load in Main Window

06/13/2022

Global law firm Shearman & Sterling announces 12 new partners, effective July 1, 2022. The new partners represent nine of the firm's practices and span across seven of its offices including Abu Dhabi, Austin, Dallas, London, Menlo Park, New York and Washington, D.C. The breadth of their expertise includes Antitrust, Capital Markets, Compensation, Governance & ERISA, Emerging Growth, International Arbitration, Litigation, Project Development & Finance, Real Estate and Tax.

Chambers USA 2022 Recognizes Excellence of Shearman & Sterling Lawyers and Practices Back to Site Load in Main Window

06/01/2022

Shearman & Sterling’s commitment to client service was once again honored in the 2022 edition of Chambers USA. The firm was recognized with 106 practice and individual rankings for excellence representing clients across our practices and industries throughout the United States.

Volta Trucks raises €230 Million in its Series C Preferred Shares Financing Back to Site Load in Main Window

02/22/2022

Shearman & Sterling advised Volta Trucks AB on its €230 million Series C preferred shares financing, pursuant to which Volta issued and sold its newly created Series C preferred shares to affiliates of Luxor Capital Group, Byggmästare Anders J Ahlström, B-FLEXION and Agility International Investment, among other investors.

Chevron Technology Ventures’ Investment in Mobilus Labs Back to Site Load in Main Window

01/20/2022

Shearman & Sterling advised Chevron Technology Ventures in its investment in Mobilus Labs. Chevron Technology Ventures led a consortium of investors; proceeds will be used to expand deployment of the Mobilus Voice Communications Platform internationally, with a focus on the United States and Europe in the energy, construction, chemical and manufacturing sectors.

Kroll Bond Rating Agency Acquisition by Parthenon Capital Partners Back to Site Load in Main Window

12/13/2021

Shearman & Sterling advised Kroll Bond Rating Agency LLC in its acquisition by private-equity firm Parthenon Capital Partners. Based in New York, Kroll Bond Rating Agency LLC is a full-service global rating agency and one of nine firms recognized by the Securities and Exchange Commission as a nationally recognized statistical ratings organization.

Volumetric to Be Acquired by 3D Systems Back to Site Load in Main Window

10/28/2021

Shearman & Sterling advised Volumetric, a Houston-based biofabrication start-up company developing biomaterials and advanced 3D bioprinting technologies, in its agreement to be acquired by 3D Systems in a deal structured as a $45 million closing payment, with up to $355 million additional opportunity linked to a series of milestone earnouts upon the attainment of significant steps in the demonstration of human applications.

Virgin Pulse to Acquire Welltok Back to Site Load in Main Window

10/07/2021

Shearman & Sterling advised Welltok in its agreement to be acquired by Virgin Pulse.

Volta Trucks’ Series B Financing Back to Site Load in Main Window

09/17/2021

Shearman & Sterling advised Volta Trucks in its €37 million Series B funding round led by Luxor Capital Group.

Chevron Technology Ventures’ Investment in Hydrogenious LOHC Technologies Back to Site Load in Main Window

09/14/2021

Shearman & Sterling advised Chevron Technology Ventures in its investment in Hydrogenious LOHC Technologies. Chevron Technology Ventures joins a consortium of investors; proceeds will support scale up and commercialisation of bulk hydrogen storage and transportation systems, unlocking hydrogen as a globally traded commodity.

Chevron Technology Ventures’ Investment in GR3N Back to Site Load in Main Window

09/13/2021

Shearman & Sterling advised Chevron Technology Ventures in its investment in the Series B round of financing of Gr3n, a Swiss recycling company. Chevron Technology Ventures joins a consortium of investors.

Shearman & Sterling Announces 18 Counsel Promotions Back to Site Load in Main Window

07/01/2021

Shearman & Sterling has promoted 18 lawyers to counsel in nine practice areas and seven of its offices across the United States, Europe, the Middle East and Asia.

Schoox Receives Strategic Growth Investment from Vista Equity Partners' Endeavor Fund Back to Site Load in Main Window

06/30/2021

Shearman & Sterling represented Schoox in its strategic growth investment from Vista Equity Partners. The investment in Schoox is made by Vista's Endeavor Fund and Schoox plans to use the investment capital to expand its product suite, invest in its workforce, and build on its industry-leading customer support teams.

Shearman & Sterling Recognized as a Leading Firm in CHAMBERS USA Back to Site Load in Main Window

05/21/2021

Shearman & Sterling continues to garner recognition in Chambers USA achieving a total of 104 department and individual rankings in its 2021 guide. The firm is ranked as a leading law firm in 35 practice areas and its attorneys received a total of 69 rankings, including top rankings across our Litigation, Projects and Corporate/M&A practices.

Caris Life Sciences $830 Million Growth Equity Round Back to Site Load in Main Window

05/12/2021

Shearman & Sterling represented Caris Life Sciences Inc. in an $830 million growth equity round. As a result of the transaction, the post-money valuation of Caris is now $7.83 billion. With this most recent investment, Caris has raised approximately $1.3 billion in external financing since 2018.

Shearman & Sterling Awards Circul’Egg in Total EDHEC Entreprendre’s StartUp Competition Back to Site Load in Main Window

04/23/2021

Shearman & Sterling is pleased to announce the winner of its special award in the 2021 Total EDHEC Entreprendre’s startup competition. Partner Thomas Philippe awarded Circul’Egg for its ambitious egg shell project, and will offer 20 hours of legal assistance to foster its development. The startup’s innovative process involves recycling egg shells to obtain calcium carbonate powder and shell membrane powder. This production responds to an expressed need in the animal feed (pets and farm animals), nutraceuticals (food supplements for human consumption) and cosmetics markets.

Next Insurance’s Acquisition of AP Intego Back to Site Load in Main Window

03/17/2021

Shearman & Sterling advised insurtech Next Insurance in its acquisition of AP Intego.

Ibere Pharmaceuticals’ $138 Million IPO Back to Site Load in Main Window

03/09/2021

Shearman & Sterling advised Ibere Pharmaceuticals, a blank check company formed for the purpose of effecting a merger in the pharmaceutical and life sciences industries, in its $138 million initial public offering.

How to Set Up and Grow Your U.S. Office Back to Site Load in Main Window

02/22/2021

Partners Alan Bickerstaff (Austin-Emerging Growth), Gillian Emmett Moldowan (New York-Compensation, Governance & ERISA), Mark Chorazak (New York-Financial Institutions Advisory & Financial Regulatory) and counsel Ryan Au (Washington DC-Tax) presented “How to Set Up and Grow Your U.S. Office” to the U.K. Department for International Trade RegTech Roadshow.

Pilot Closes $60 Million Series C Financing Back to Site Load in Main Window

02/17/2021

Shearman & Sterling advised Pilot, a financial services software platform, in its $60 million Series C financing led by Sequoia Capital.

Bakkt to Merge with SPAC VPC Impact Acquisition Holdings Back to Site Load in Main Window

01/28/2021

Shearman & Sterling is advising Bakkt Holdings, LLC in its agreement to merge with special purpose acquisition company (SPAC) VPC Impact Acquisition Holdings (NASDAQ: VIH), a transaction with an enterprise value of approximately $2.1 billion.

Bluespring Wealth Partners’ Acquisition of Bedell Frazier Investment Counselling Back to Site Load in Main Window

12/22/2020

Shearman & Sterling advised Kestra Financial, the parent company of Bluespring Wealth Partners, in Bluespring’s acquisition of Bedell Frazier Investment Counselling.

Navigate by Shearman: New Emerging Growth Digital Hub Back to Site Load in Main Window

11/11/2020

Shearman & Sterling expanded its Emerging Growth practice in 2018 with the addition of our Austin team to support our startup client base from their early growth stages through their expansion and exit strategies. Today, we are excited to mark a new milestone for the practice with the launch of Navigate by Shearman, a new digital hub that underscores our expertise in the emerging growth space, our commitment to the entrepreneurial community, and to further serve and attract our growing client roster.

Caris Life Sciences Raises $310 Million in Growth Capital Back to Site Load in Main Window

10/29/2020

Shearman & Sterling advised Caris Life Sciences in the equity portion of its $310 million growth capital financing.

Next Insurance Raises $250 Million in Series D Financing Back to Site Load in Main Window

09/23/2020

Shearman & Sterling advised insurtech startup Next Insurance in connection with its $250 million Series D financing led by CapitalG, Alphabet's independent growth fund, with participation from FinTLV, a global leading insurtech VC, and existing investor Munich RE Group. The Series D financing values the company at more than $2 billion.

Restream’s $50 Million Series A Financing Back to Site Load in Main Window

09/01/2020

Shearman & Sterling represented Restream Inc., an Austin-based video-streaming company that counts Deepak Chopra, Microsoft Corp. and the World Health Organization as customers, in its $50 million Series A led by Sapphire Ventures and Insight Partners.

Liveoak’s Sale to DocuSign Back to Site Load in Main Window

07/22/2020

Shearman & Sterling advised Liveoak Technologies, Inc. in its sale to DocuSign, Inc. Founded in 2014, Liveoak Technologies is an Austin-based virtual customer engagement and business platform enabling connection, engagement & seamless workflow. DocuSign plans to leverage its existing partnership with Liveoak to accelerate the launch of DocuSign Notary, offering remote online notarization as a service.

VMware’s Transaction with Datrium Back to Site Load in Main Window

07/14/2020

Shearman & Sterling represented VMware in its acquisition of Datrium.

BuildGroup’s $80 Million PIPE Transaction Back to Site Load in Main Window

06/09/2020

Shearman & Sterling represented BuildGroup LLC in connection with its purchase of approximately 1.78 million shares of Series A preferred stock of Benefitfocus, Inc. (NASDAQ: BNFT) in a private placement for an aggregate purchase price of approximately $80 million. BuildGroup CEO A. Lanham Napier is a long-time member of Benefitfocus’ Board of Directors. The transaction was approved by a disinterested special committee of Benefitfocus’ Board of Directors advised by J.P. Morgan. Benefitfocus will use the proceeds from this transaction for general corporate purposes, including potential acquisitions and repayments of debt.

VMware’s Transaction with Octarine Back to Site Load in Main Window

05/29/2020

Shearman & Sterling represented VMware in its acquisition of Octarine.

SimpliRoute’s $3 Million Financing Deal Back to Site Load in Main Window

05/05/2020

Shearman & Sterling advised SimpliRoute on its $3 million Series A financing from a range of venture capital and financial services firms led by TheVentureCity Fund.

Shearman & Sterling Earns High Rankings in Chambers USA Back to Site Load in Main Window

04/23/2020

Shearman & Sterling continues to garner recognition in Chambers USA achieving a total of 84 department and individual rankings in its 2020 guide. The firm is ranked as a leading law firm in 25 practice areas and its attorneys received a total of 59 rankings, including Band 1 rankings in across our Litigation, Projects and Corporate/M&A practices in New York, Washington, D.C., Texas and Nationwide.

Ranked #1 Corporate Transaction Practice in 2020 by Corporate Counsel Back to Site Load in Main Window

04/06/2020

Shearman & Sterling took the number one spot in Corporate Counsel’s Best Of 2020 readers’ poll in the Corporate Transactions Practice Group category.

Eventus Systems’ $10.5 Million Series A Financing Deal Back to Site Load in Main Window

02/26/2020

Shearman & Sterling advised Eventus Systems on its $10.5 million Series A financing from a range of venture capital and financial services firms, led by Jump Capital and LiveOak Venture Partners.

Theatro Labs, Inc.’s $20 Million Series C Financing Deal Back to Site Load in Main Window

02/25/2020

Shearman & Sterling advised Theatro Labs, Inc. on its $20 million Series C financing led by Sageview Capital, a New York-based venture capital firm.

Decisio Health, Inc.’s $13 Million Series B Financing Deal Back to Site Load in Main Window

02/25/2020

Shearman & Sterling advised Decisio Health, Inc. on its $13 million Series B financing led by GE Healthcare.

Q Engineering’s Acquisition by Enverus Back to Site Load in Main Window

02/24/2020

Shearman & Sterling advised Q Engineering, LLC in its acquisition by Enverus (formerly DrillingInfo).

Empyrean Benefit Solutions’ Acquisition by Securian Back to Site Load in Main Window

02/24/2020

Shearman & Sterling advised Empyrean Benefit Solutions, Inc. in its acquisition by Securian Financial Group, Inc.

Next Insurance's Series C Capital Raise Back to Site Load in Main Window

10/18/2019

Shearman & Sterling advised insurtech startup Next Insurance in connection with a Series C funding round from Munich Re. Next Insurance provides digital small-business insurance coverage across the U.S., including general liability, professional liability, commercial auto and workers’ compensation coverage.

Shearman & Sterling Fintech Foundry Podcast, Ep. 1: The Value of Mentor-Mentee Relationships Back to Site Load in Main Window

04/19/2019

The Shearman & Sterling Fintech Foundry Podcast has launched its first episode, The Value of Mentor-Mentee Relationships, a discussion with Sheryl O’Connor, winner of Quesnay’s Female Founders in Fintech competition and creator of Income Conductor, a platform that provides financial professionals the ability to create and manage income plans that help individuals achieve their retirement goals.

Shearman & Sterling Joins Global Blockchain Business Council’s Legal and Regulatory Group Back to Site Load in Main Window

03/22/2019

Shearman & Sterling is delighted to announce the firm has joined the Legal and Regulatory Group (LRG) of Global Blockchain Business Council (GBBC), the leading industry association for the blockchain ecosystem.

Shearman & Sterling Awarded Paris Bar Prize for Equality Back to Site Load in Main Window

03/18/2019

Shearman & Sterling is pleased to announce that on March 11, 2019, the firm was awarded the inaugural Grand Prize for Professional Equality (“Grand Prix de l’Egalité Professionnelle”) by the Paris Bar, in recognition of its innovative and outstanding contribution to the promotion of equality.

Income Conductor Wins Female Founder in FinTech 2018 Competition Back to Site Load in Main Window

03/08/2019

Shearman & Sterling is pleased to announce that startup Income Conductor took first place in the 2018 Female Founders in FinTech (FFiT) competition.

Donna Parisi Named to Innovate Finance ’s Women in FinTech Powerlist Back to Site Load in Main Window

02/28/2019

Partner Donna Parisi, Global Head of Shearman & Sterling’s Finance Business Unit, Global Head of the firm’s Financial Services Industry and leader of the firm’s women’s group, Shearman Women, has been included in Innovate Finance’s Women in FinTech Powerlist 2018 in the "Professional and Financial Services" category.

BAKKT Holdings’ Formation and $182.5 Million Capital Raise Back to Site Load in Main Window

02/26/2019

Shearman & Sterling advised Intercontinental Exchange (ICE) and BAKKT Holdings in connection with BAKKT’s formation and initial equity financing of $182.5 million from an investor syndicate including ICE; Boston Consulting Group; CMT Digital; Eagle Seven; Galaxy Digital; Goldfinch Partners; Alan Howard; Horizons Ventures; Microsoft’s venture arm, M12; Pantera Capital; PayU, the fintech arm of Naspers; and Protocol Ventures.

AmLaw Honors Shearman & Sterling With M&A, A-List Awards Back to Site Load in Main Window

12/07/2018

The American Lawyer selected CVS Health’s $70 billion acquisition of Aetna, in which Shearman & Sterling acted as legal advisor to CVS Health, as the M&A Deal of the Year. It also named the firm to its A-List, identifying the firm as one of the top-20 law firms in the United States.

Female Founders in FinTech Competition Back to Site Load in Main Window

11/13/2018

Shearman & Sterling is a contributing sponsor for Quesnay’s 2018 Female Founders in FinTech competition.

Shearman & Sterling Women Present to General Counsel at ‘Perfecting Your Pitch’ Event Back to Site Load in Main Window

10/11/2018

Partners Clare O’Brien (New York-Mergers & Acquisitions) and Mallory Brennan (New York-Litigation); counsel Rupa Briggs (New York-Capital Markets) and Gillian Emmett Moldowan (New York-Compensation, Governance & ERISA) presented at a program in New York on October 10 entitled “Perfecting Your Pitch: A Practical Program Expanding Opportunities for Women in the Legal Profession” hosted by ALM/American Lawyer.

J.R. Morgan Receives ‘On the Rise’ Professional Excellence Award Back to Site Load in Main Window

09/20/2018

Counsel J.R. Morgan (Austin-Investment Funds) has been awarded a Texas Lawyer "On The Rise" Professional Excellence Award. This award recognizes lawyers who have made their mark on the legal profession in the Lone Star State. All of the honorees have had, and continue to have, extraordinary careers. J.R.’s profile was published in the September issue of Texas Lawyer magazine, and an awards ceremony was held on September 19 at the Belo Mansion in Dallas.

Group 42’s Acquisition of Texas Oilfield Fabrication & Pipeline Back to Site Load in Main Window

07/13/2018

Shearman & Sterling advised holding company Group 42 on its purchase of Texas Oilfield Fabrication & Pipeline (TOFP). This acquisition adds pipeline and fabrication services to Group 42's family of offerings, and is part of its long-term strategic plan to expand its footprint substantially in the U.S.

Shearman & Sterling Opens Austin Office Back to Site Load in Main Window

03/01/2018

Shearman & Sterling is delighted to announce the opening of a new office in Austin – its first in Texas – with seven partners focusing on advising emerging growth companies in the technology, media and telecommunications, and life sciences industries.

Social Capital Hedosophia $690 Million IPO Back to Site Load in Main Window

10/18/2017

Shearman & Sterling advised Credit Suisse as sole book-running manager on the initial public offering of Social Capital Hedosophia Holdings, a special-purpose acquisition company.

Shearman & Sterling Advises Coffee Startup Roast Market on €1 Million Financing Back to Site Load in Main Window

11/07/2016

Shearman & Sterling advised Roast Market, a leading provider of online coffee products, on two financings. With the successful closing of the business angel financing, Roast Market’s financing volume far exceeds €1 million for 2016. Roast Market will invest in the areas of product, service and brand as part of its market expansion.

News

SPOTLIGHT

Volta Trucks raises €230 Million in its Series C Preferred Shares Financing

Read the press release.