Category Archives: Scott Galer

SAM Partner Scott Galer Featured in SFVBJ Article Regarding Sienna Acquisition

SAM Partner Scott Galer was featured in a San Fernando Valley Business Journal article regarding Sienna’s early acquisition. Scott provided his insight on biotech startup Sienna’s buyout strategy, which he described as a roll up.

The full article in the SFVBJ can be viewed here.

Scott’s practice focuses on counseling private and public middle-market and emerging growth companies in areas of mergers and acquisitions, securities offerings, joint ventures, complex brand and technology licensing and other strategic business arrangements. Scott has expertise in managing a wide variety of corporate and financial transactions, including mergers, stock and asset acquisitions and dispositions, roll-up and spin-off transactions, public offerings (representing both issuers and investment bankers), alternative public offerings, debt and equity financing (representing issuers, lenders and investors), secured lending transactions and financial restructurings.

To find out more about Stubbs Alderton & Markiles’ Mergers & Acquisitions practice contact Scott Galer at sgaler@stubbsalderton.com

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Stubbs Alderton & Markiles, LLP Client THX Acquired by Leading Lifestyle Brand for Gamers, Razer

thx-logoStubbs Alderton & Markiles, LLP client THX announced this week that Razer™, the leading global lifestyle brand for gamers, has acquired the majority of the assets of THX Ltd. and brought onboard the management and employees of the company. THX will continue to operate as an independent entity under its own management and apart from the ongoing business of its parent company. Financial details of the transaction were not disclosed.

Stubbs Alderton & Markiles’ attorneys representing THX in the transaction include Scott Galer, John McIlvery, Sean Greaney and Nick Feldman

 

To read the full press release, click here.

 

About Stubbs Alderton & Markiles, LLP

Stubbs Alderton & Markiles, LLP (SAM) is a California business law firm with robust intellectual property, litigation, corporate, public securities, mergers and acquisitions, and entertainment practice groups.  SAM focuses on the representation of emerging growth companies, middle market public companies, large technology companies, celebrities and entertainment companies. SAM’s mission is to provide technically excellent legal services and outstanding results in a highly-responsive, service-oriented, and cost-effective manner. These principles are the hallmarks of our firm.

 

To learn more about our Mergers & Acquisitions practice, contact SAM partner Scott Galer at sgaler@stubbsalderton.com or (818) 444-4513.

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Stubbs Alderton & Markiles’ Client Zephyr Receives $31M Investment from Frontier Capital

Press Release_Frontier-Capital-investmentLos Angeles, CA – May 13, 2016 Stubbs Alderton & Markiles announces that it represented its client D-Software, d/b/a Zephyr, one of the software industry’s fastest-growing providers of real-time, on-demand enterprise test management solutions, in an investment deal of  $31M from Frontier Capital.

Based in Newark, Calif., in the epicenter of the software industry, Zephyr provides more than 8,500 customers in over 100 countries with innovative applications, seamless integrations and unparalleled, real-time visibility into the quality and status of their software development projects. With additional operations in London and Bangalore, the company has more than doubled its customer base in the past 12 months by helping companies like LG Electronics, Adobe, HSBC, Honda, Oracle, Citibank, Amex, GE, Starz and Hyundai drive down costs and bring higher quality software to market faster.

The $31 million investment from Frontier Capital will be used to fund key growth initiatives for the company like enhancing the product portfolio and scaling sales and marketing capabilities, according to Zephyr founder and CEO Samir Shah.

“Partnering with Frontier Capital will help us realize our potential by investing in the critical business functions that will fuel our growth,” said Shah. “Their business acumen and experience helping similar next-stage growth companies achieve their goals will be just as, if not more, valuable to us than the money they have invested. We are excited to have Frontier on board as an engaged partner and look forward to working with them to build a market leader.”

SAM Partner Scott Alderton has represented D-Software, d/b/a Zephyr, since its inception and Stubbs Alderton as a whole is very proud of their success.  SAM Partners that led this deal include Scott Galer, Scott Alderton, Nick Feldman and Adam Bagley.

To read the full Zephyr press release, click here.

About Frontier Capital

Frontier Capital is a Charlotte-based growth equity firm focused exclusively on software and technology-enabled business services companies. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. The firm makes minority and majority equity investments in high growth companies and has built an excellent track record of delivering returns to both investors and management partners. For more information, please visit frontiercapital.com.

About Zephyr

Zephyr is a leading provider of on-demand enterprise test management solutions, offering innovative applications, seamless integrations and unparalleled, real-time visibility into the quality and status of software projects. Zephyr products are the fastest-growing agile test management products in the world, with more than 8,500 global customers in over 100 countries. Their feature-rich products address today’s dynamic and global needs across a variety of industries including finance, healthcare, media, automotive, IT services and enterprise software. Zephyr is headquartered in Newark, Calif., with offices in Europe and India. For more information, please visit www.getzephyr.com.

About Stubbs Alderton & Markiles, LLP

Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions, entertainment, intellectual property, brand protection and business litigation practice groups focusing on the representation of, among others, venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm. For more information, please visit www.stubbsalderton.com.

Media Contact:
Heidi Hubbeling
(310) 746-9803
hhubbeling@stubbsalderton.com

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Stubbs Alderton & Markiles Advises Beats Electronics LLC in Definitive Agreement to Reacquire Minority Stake Held by HTC Corp

Beats-By-Dr-Dre-Logo

Stubbs Alderton & Markiles, LLP announced that it advised client Beats Electronics LLC in its definitive agreement to reacquire the minority stake in Beats held by HTC Corp.  Stubbs Alderton also represented Beats in a minority investment transaction by The Carlyle Group (NASDAQ:CG), the global alternative asset manager.  Carlyle will work with the Beats management team to continue expanding the brand and building the business both domestically and internationally. The transaction is expected to close in the fourth quarter of 2013.

Beats Co-Founder and Chief Executive Officer Jimmy Iovine said, “These transactions represent the evolution of the financial strength and significant growth prospects of Beats. Carlyle is a fantastic investment partner and we look forward to building the next chapter of Beats.”

SAM Partner Scott Galer, and attorneys Gaurav Krishan and Jason Lee advised Beats Electronics LLC in this transaction.

To read the full press release, click here.

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3 Questions – with Scott Galer

Scott Galer is a partner at Stubbs Alderton & Markiles, LLP and co-chairs the firm’s Mergers and Acquisitions Practice Group. Scott’s practice focuses on counseling private and public middle-market and emerging growth companies in areas of mergers and acquisitions, corporate and securities law and other strategic business arrangements.

What is the most important element of providing effective representation?

I believe the most important element in effectively representing a client is understanding their business, strategy and goals.  Many times lawyers and other representatives try to solve their client’s problems before they fully understand them.  It is crucial to spend the time early on in any representation talking and listening to a client so one can provide guidance and solutions that really address the client’s issues – whether it is in connection with forming a new business or selling a mature business.

You mentioned forming a new business, what issues typically arise?

There are a multitude of issues, from selecting the correct corporate structure, corporation or limited liability company, to developing equity incentive programs to attract the talent necessary to help and manage the company’s growth, and if intellectual property is involved, how best to protect and exploit such intellectually property.  To provide effective advice on these matters, your attorney has to have a thorough understanding of the company’s planned business, strategy and goals, as well as the technical expertise and experience.

In connection with a M&A transaction, I assume there are numerous issues that have to be considered and addressed?

Yes, absolutely.  And before your attorney can effectively address these issues, they have to understand the motivation behind the transaction and your goals in pursuing the transaction.  Is it a strategic combination or a complete sale of the business?  Are you retiring or is it a step along a growth path?  Is an earn-out or schmuck insurance appropriate, and if so, what is the appropriate structure.  There are more issues than can be covered in this forum, but a key to your attorney properly addressing all of them is understanding your business and goals.  Hiring an experienced M&A attorney is only half the equation.

Do you have a question for one of our attorneys?  Send your questions to hevidente@stubbsalderton.com to be featured in future 3 Questions columns.

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Beats Electronics to Acquire Digital Music Service MOG

SAM Client Beats Electronics announced that is has agreed to acquire the award winning on-demand music service MOG. This is a milestone for Beats as it is their first acquisition. SAM attorneys Scott Galer  and Susan Wong represented Beats in this transaction. To read the full press release, click here.

About Beats Electronics, LLC
Established in 2008 as the brainchild of legendary artist and producer Dr. Dre and Chairman of Interscope Geffen A&M Records Jimmy Iovine, Beats Electronics is the parent company of the Beats™ by Dr. Dre™ line of high-quality headphones, Beats Audio™ HD-sound systems, and the MOG digital music service. The company’s mission is to build quality music experiences for all elements of the digital music ecosystem—including headphones, devices and services—so that fans can hear music the way artists intended it to sound in the studio. This includes partnerships with computer manufacturer HP, automotive manufacturer Chrysler Group and mobile phone manufacturer HTC Mobile. Led by CEO Jimmy Iovine and President & COO Luke Wood, Beats Electronics is based in Santa Monica, CA. For more information, please visit http://beatsbydre.com/.

About MOG
MOG’s all-you-can-eat, award-winning listening service provides access to a vast library of over 15 million songs through its mobile apps on iPhone, iPad, iPod Touch and Android, on the Web, through consumer electronic devices, Internet connected TVs and Blu-ray players and in the car. MOG surpasses all other music listening services in its ease-of-use, discovery features and audio quality. Founded in June 2005 by David Hyman, former CEO for Gracenote, and headquartered in Berkeley, California, MOG investors include Menlo Ventures, Balderton Capital, Simon Equity Partners, Universal Music Group and Sony Music. Grammy-winning record producer Rick Rubin, named by TIME Magazine as one of the “100 Most Influential People in the World,” is a member of the MOG Board of Directors.

 

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Partner Scott Galer Appointed as Vice President of the Board of Directors of ACG101 Corridor

SAM Partner Scott Galer has been appointed as the Vice President of the Board of Directors of the ACG101 Corridor. The Association for Corporate Growth (ACG) is the premier organization for professionals involved in corporate growth, corporate development and mergers and acquisitions. ACG101 serves corporate executives and professionals in the West Valley-Ventura-Santa Barbara areas. Members of ACG are CEOs, CFOs and COOs of middle market or growing corporations, as well as members of the professional services companies that serve these corporations, such as private equity firms, investment bankers, lenders, attorneys and accountants. ACG has nearly 12,000 members representing 5,000 companies in 53 chapters throughout North America, Europe and in Mexico.

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HTC and SAM Client Beats By Dr. Dre Set to Introduce New Era in Mobile Audio

HTC Corporation, a global designer of mobile devices, announced a strategic partnership and investment with SAM client, Beats™ Electronics LLC, the company redefining the audio market with its iconic Beats by Dr. Dre™ audio experience. The two fast-growing brands will focus on bringing high performance sound to HTC phones.  Partner Scott Galer represented Beats in the transaction.

To view the full press release, click here.

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