Home Civil Law Reed Smith Expands With Leading Transactional Lawyer In New York

Reed Smith Expands With Leading Transactional Lawyer In New York

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Powered by LawFuel – NEW YORK – Reed Smith as we speak introduced the addition of Ari Edelman, a number one transactional lawyer with a wealth of experience representing particular goal acquisition firms (SPACs), underwriters and placement brokers in IPOs and de-SPAC acquisitions. Ari joins the agency’s Global Corporate Group as a accomplice in New York.

“Ari’s SPAC experience will enhance our already strong capabilities in the capital markets space, where demand for SPACs is growing rapidly,” stated James Tandler, Chair of Reed Smith’s U.S. Corporate Group. “Through his extensive work in SPACs, Ari has developed a strong network of strategic relationships these transactions require to be successful, including regulators, investment banks and placement agents.”

Edelman was previously a accomplice at Ellenoff Grossman & Schole LLP. There, he performed a big position in rising that agency’s SPAC follow since 2014, representing issuers and funding banks in about 50 SPAC IPOs with an combination market worth of roughly $10 billion, and SPACs and placement brokers in about 10 de-SPAC transactions. He has represented private and non-private firms, funding banks and buyers in different fairness and debt securities choices and M&A transactions, and suggested shoppers on common company issues.

“Reed Smith represents a huge opportunity for me to integrate my SPAC proficiency into a firm with strong, longstanding relationships within the sectors in which SPAC sponsors are most interested and active, including healthcare, technology and financial services,” Edelman stated. “The firm’s global platform also provides access to many private equity and venture capital firms, and their portfolio companies, likely to be future SPAC targets or sponsors. Reed Smith’s corporate group, which is supported by a wide range of practices across the globe, puts the firm in a very strong position to successfully meet any SPAC’s needs.”

SPACs have lately gained prominence because of the weakening viability of conventional IPOs within the wake of the COVID-19 pandemic and the ensuing financial ambiguity. Characterized as a “blank-check” car, a SPAC is a non-operational enterprise fashioned solely to boost funds by means of an IPO to accumulate one other business.  Investors in SPACs vary from massive personal fairness funds to members of most people. SPACs have raised greater than $30 billion up to now this 12 months, versus $13 billion in all in 2019.

Edelman is a 2005 graduate of Fordham University School of Law. Earlier in his profession, he was an affiliate within the New York workplaces of Kramer Levin and Troutman Sanders.

“In addition to his substantive SPAC knowledge, Ari has a perspective on business development and strategic growth that fits very well with the culture of this office,” stated Cindy Schmitt Minniti, Managing Partner of Reed Smith’s New York workplace. “The demand for SPAC knowledge is significant; we are getting calls regularly from our clients seeking this particular knowledge, and we are pleased to be adding him to our corporate group.”

Reed Smith’s Global Corporate Group handles all points of company and business regulation and spans the agency’s 30 workplaces. The agency lately added a big variety of company companions, together with Ashok W. Mukhey and Mitchell S. Cohen within the agency’s Century City, Calif. workplace.

About Reed Smith

Reed Smith is a dynamic global regulation agency devoted to serving to shoppers transfer their companies ahead. Our perception is that by delivering smarter and extra artistic authorized companies, we is not going to solely enrich our shoppers’ experiences with us, but additionally assist them in attaining their enterprise targets.

Our long-standing relationships, global outlook, and collaborative construction make us the go-to accomplice for the speedy decision of complicated disputes, transactions, and regulatory issues.

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