Nutter Provides Counsel on High Profile Transactions in 2017Print PDF
Nutter advised clients in numerous significant transactions spanning several key industries, including banking and financial services, real estate, and manufacturing, in 2017.
Highlights of Nutter’s 2017 transactions include:
- Represented Commerce Bancshares Corp. and its subsidiary, Commerce Bank & Trust Company, in its pending merger with Berkshire Hills Bancorp. Inc. (NYSE: BHLB), in an all-stock transaction valued at $209 million.
- Advised Lallemand USA, Inc., a U.S. subsidiary of the global yeast manufacturing company, in its asset acquisition of yeast manufacturing plant and business based in North Dakota.
- Represented Boston Scientific Corporation as tenant in the negotiation of two separate long term leases for research and development, warehouse and office space in Santa Clarita, California.
- Represented First Commons Bank, N.A. in its pending merger with Brookline Bank, a wholly-owned subsidiary of Brookline Bancorp, Inc. (NASDAQ: BRKL), in a transaction valued at approximately $55.958 million.
- Advised OSRAM, one of the world’s leading lighting manufacturers with headquarters in Munich, Germany, in its acquisition of Digital Lumens Inc., a Boston-based company that specializes in industrial Internet of Things (IoT) solutions.
- Represented an affiliate of Mark Development in its redevelopment of a city block in Newton, Massachusetts, which will result in four and five story buildings with a total of 212,000 square feet development containing a mix of residential, retail, restaurant, and community space.
- Represented Convention Data Services (CDS), a Cape Cod-based SaaS company that provides event solutions and support services to over 250 tradeshows worldwide, in the development of its new corporate headquarters.
- Represented Meetinghouse Bancorp, Inc. (OTC Pink: MTGB), the holding company for Meetinghouse Bank, in its pending merger with Meridian Bancorp, Inc. (NASDAQ: EBSB), the holding company for East Boston Savings Bank, in a transaction valued at approximately $17.8 million.
- Represented Corigin Real Estate Group, a New York-based real estate investment firm, in connection with a joint venture with Panoramic Interests and the financing of the development of a student housing project in Berkeley, California.
- Represented Cordage Development Associates I, LLC in obtaining site plan approval from the Town of Plymouth, Massachusetts for a phased development under M.G.L. c. 40R containing 303 residential units in four buildings and 10,000 square feet of retail space.
- Advised Atlas Devices, LLC, a leading developer, manufacturer, and supplier of rapid access solutions, in its acquisition by Anvil Capital.
- Represented Hebrew SeniorLife in a $236 million bond issue for its NewBridge on the Charles project in Dedham, Massachusetts, the largest fixed rate bond issue ever issued for a continuing care retirement community.
- Represented Liberty Bay Credit Union in its merger with Hingham Federal Credit Union.
- Represented one of the largest banks in the United States in warehouse facilities to a dozen of the largest Fannie Mae, Freddie Mac, and FHA licensed mortgage lenders and low-income housing tax credit syndicators, with total commitments in excess of $2 billion.
- Represented Connecticut General Life Insurance Company, as lender, in connection with a $24 million acquisition loan secured by two connected 7-story office buildings in Chicago, Illinois.
- Represented Farmers Business Network, an entrepreneurial agronomics business, in exploring and structuring lending opportunities, including loans secured by 2017 farm products to farmers in Kansas, Minnesota, and Nebraska.
- Represented an affiliate of Charles River Realty and National Development in connection with its acquisition of 960 Massachusetts Avenue and 100 Newmarket Square in Boston.
- Advised Dribbble, a social media community of artisan designers on the Internet, when it was acquired by Tiny Capital, a private equity firm.
- Represented a private real estate fund in the formation of a “REIT feeder structure,” consisting of a domestically controlled private real estate investment trust that is a subsidiary of a newly-formed Delaware limited partnership. The structure, which is intended to accommodate investments by qualified purchasers (as defined in the Investment Company Act of 1940), was finalized in November 2017.
In addition to a robust transaction year, Nutter welcomed three new partners to the firm. Thomas J. Curry co-leads the Banking and Financial Services practice group and advises the firm’s clients in a wide range of policy, regulatory, governance, and other matters. Curry served as U.S. Comptroller of the Currency until May of this year and most recently served as an expert consultant for the International Monetary Fund. Seth P. Berman leads Nutter’s Privacy and Data Security practice group, bringing more than 20 years of experience in advising corporations and their boards on preparing for and responding to cyberattacks and other data breaches. Berman also represents clients in white collar criminal matters. Matthew P. Doring focuses his practice on corporate finance, commercial lending and tax-exempt financing, and all aspects of business law. He has extensive experience advising lenders and borrowers in senior, second lien, equipment financing, and subordinated debt transactions, including advising financial institutions in their syndications and participations.
Nutter is a Boston-based law firm that provides legal counsel to industry-leading companies, early stage entrepreneurs, institutions, foundations, and families, across the country and around the world. The firm’s lawyers are known for their client-centric approach and extensive experience in business and finance, intellectual property, litigation, real estate and land use, labor and employment, tax, and trusts and estates. Co-founded in 1879 by Louis D. Brandeis, who later became a renowned justice of the U.S. Supreme Court, Nutter is dedicated to helping companies prosper in today’s competitive business environment. For more information, please visit www.nutter.com and follow us on Twitter at @NutterLaw.