Great Hill Partners’ Acquisition Of Notonthehighstreet

Sidley Austin LLP and Faegre Drinker Biddle & Reath LLP acted as the Cubic legal counsel. Skadden, Arps, Slate, Meagher & Flom LLP and Covington & Burling LLP acted as legal counsel to Veritas. Gibson, Dunn & Crutcher LLP acted as legal counsel to Evergreen. Fried Frank acted as counsel to JP Morgan as financial advisor to Cubic. Cubic Corporation (NYSE: CUB) has entered into a definitive agreement with an affiliate of Veritas Capital, under which Veritas and Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P., will acquire Cubic for $70.00 per share in cash. The all-cash transaction will be valued at approximately $2.8 billion, including the assumption of debt. J.P. Morgan Securities LLC acted as lead financial advisor to Cubic. Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR, and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. Veritas is a longstanding investor in companies operating at the intersection of technology and government. Elliott Investment Management L.P. manages two multi-strategy investment funds which combined manage approximately $42 billion of assets. Evergreen Coast Capital Corporation is Elliott’s private equity affiliate, which focuses on technology investing. The Skadden team advising Veritas included M&A partners Kenneth Wolff (New York; Picture) and June Dipchand (New York), and associate Victor Kmetich (New York); Antitrust/Competition partners Frederic Depoortere (Brussels) and Kenneth Schwartz (New York), counsel Stephane Dionnet (Brussels) and associates Amaury Sibon (Washington, D.C.) and Michael Singer (New York); Banking partner Stephanie Teicher (New York) and associate David Passes (New York); Executive Compensation and Benefits partner Erica Schohn (New York) and associate Genia Gokhmark(New York); National Security and CFIUS partners Michael Leiter (Washington, D.C.) and John Adebiyi (London), counsel Aurora Luoma (London) and associate Jason Hewitt (London); and Tax partners Jessica Hough (Washington, D.C.) and Paul Schockett (Washington, D.C.). The Covington team is led by partner Scott Freling and special counsel Nooree Lee. The team also includes Carl Wiersum, Paul Rowley, Maria Adebayo, and Alex Hastings (government contracts); Charles Carroll, Brian Yang, and Bill Collins (public-private partnerships); Matt DelNero, Corey Walker, and Thom Parisi (communications); Jonathan Wakely and B.J. Altvater (national security); Trisha Anderson and Darby Rourick (cybersecurity); and Zack Parks, Matt Shapanka, and Elizabeth Upton (political law). The Sidley team was led by Brian Fahrney, Scott Williams, and Jason Nichol (M&A), as well as Kai Liekefett and Derek Zaba (Shareholder Activism), and included Danielle Haikal and Jorene Ooi (M&A); Reuben Zaramian, Kathy Wang, Evan Johnson, Anna Razzaio, Sabina Wahl, Jake Funk, Ashley Krause, and Roy Cohen (Shareholder Activism); Vincent Brophy, James Mendenhall, James Lowe, Rosanna Connolly, Joseph Coniglio, and Ben Falkenberg (Antitrust); Howard Stanislawski, Kristen Knapp, Sven De Knop, Jen Fernandez, Bregt Natens, Alessandra Moroni, and Carys Golesworthy (International Trade); John Schaff and John Wilson (Tax); Kelly Dybala (Global Finance); Sujit Raman, Michael Roberts, and Francesca Blythe (Privacy and Cybersecurity); Matthew Johnson and Sarah Recktenwald (Employee Benefits); Teresa Reuter and Peter McCorkell (Labor); Kyle Barnett (Technology and IP Transactions); Marc Korman (Transportation); and Craig Dukin (White Collar). Fried Frank acted as counsel to JP Morgan with a team led by corporate partner Philip Richter and included corporate partner Roy Tannenbaum and corporate associate Ryan P. Fitzpatrick. Involved fees earner: Maria Adebayo - Covington & Burling; B.J. Altvater - Covington & Burling; Trisha Anderson - Covington & Burling; Charles Carroll - Covington & Burling; Matthew DelNero - Covington & Burling; Scott Freling - Covington & Burling; Alexander Hastings - Covington & Burling; Nooree Lee - Covington & Burling; Thomas Parisi - Covington & Burling; Zachary Parks - Covington & Burling; Darby Rourick - Covington & Burling; Paul Rowley - Covington & Burling; Matthew Shapanka - Covington & Burling; Elizabeth Upton - Covington & Burling; Jonathan Wakely - Covington & Burling; Corey Walker - Covington & Burling; Carl Wiersum - Covington & Burling; Ryan Fitzpatrick - Fried Frank Harris Shriver & Jacobson; Philip Richter - Fried Frank Harris Shriver & Jacobson; Roy Tannenbaum - Fried Frank Harris Shriver & Jacobson; William Collins - Goodwin Procter; Kyle Barnett - Sidley Austin LLP; Francesca Blythe - Sidley Austin LLP; Vincent Brophy - Sidley Austin LLP; Joseph Coniglio - Sidley Austin LLP; Rosanna Connolly - Sidley Austin LLP; Sven De Knop - Sidley Austin LLP; Kelly Dybala - Sidley Austin LLP; Brian Fahrney - Sidley Austin LLP; Ben Falkenberg - Sidley Austin LLP; Jen Fernandez - Sidley Austin LLP; Jake Funk - Sidley Austin LLP; Carys Golesworthy - Sidley Austin LLP; Kai Liekefett - Sidley Austin LLP; Danielle Haikal - Sidley Austin LLP; Matthew Johnson - Sidley Austin LLP; Evan Johnson - Sidley Austin LLP; Kristen Knapp - Sidley Austin LLP; Marc Korman - Sidley Austin LLP; Ashley Krause - Sidley Austin LLP; James Lowe - Sidley Austin LLP; Peter McCorkell - Sidley Austin LLP; James Mendenhall - Sidley Austin LLP; Alessandra Moroni - Sidley Austin LLP; Bregt Natens - Sidley Austin LLP; Jason Nichol - Sidley Austin LLP; Jorene Ooi - Sidley Austin LLP; Sujit Raman - Sidley Austin LLP; Anna Razzaio - Sidley Austin LLP; Sarah Recktenwald - Sidley Austin LLP; Teresa Reuter - Sidley Austin LLP; Michael Roberts - Sidley Austin LLP; John Schaff - Sidley Austin LLP; Howard Stanislawski - Sidley Austin LLP; Sabina Wahl - Sidley Austin LLP; Ting Wang - Sidley Austin LLP; Scott Williams - Sidley Austin LLP; John Wilson - Sidley Austin LLP; Derek Zaba - Sidley Austin LLP; Reuben Zaramian - Sidley Austin LLP; John Adebiyi - Skadden Arps Slate Meager & Flom; Frederic Depoortere - Skadden Arps Slate Meager & Flom; Stéphane Dionnet - Skadden Arps Slate Meager & Flom; June Dipchand - Skadden Arps Slate Meager & Flom; Genia Gokhmark - Skadden Arps Slate Meager & Flom; Jason Hewitt - Skadden Arps Slate Meager & Flom; Jessica Hough - Skadden Arps Slate Meager & Flom; Victor Kmetich - Skadden Arps Slate Meager & Flom; Michael Leiter - Skadden Arps Slate Meager & Flom; Aurora Luoma - Skadden Arps Slate Meager & Flom; David Passes - Skadden Arps Slate Meager & Flom; Paul Schockett - Skadden Arps Slate Meager & Flom; Erica Schohn - Skadden Arps Slate Meager & Flom; Kenneth Schwartz - Skadden Arps Slate Meager & Flom; Amaury Sibon - Skadden Arps Slate Meager & Flom; Michael Singer - Skadden Arps Slate Meager & Flom; Stephanie Teicher - Skadden Arps Slate Meager & Flom; Kenneth Wolff - Skadden Arps Slate Meager & Flom; Law Firms: Covington & Burling; Fried Frank Harris Shriver & Jacobson; Goodwin Procter; Sidley Austin LLP; Skadden Arps Slate Meager & Flom; Clients: Cubic Corporation; JP Morgan; Veritas Capital ;
Martina Bellini

Osborne Clarke has advised Notonthehighstreet and its management team on the sale of the company to growth equity firm Great Hill Partners. Sidley Austin LLP advised…

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Martina Bellini

Author: Martina Bellini

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