Category Archives: Jonathan Friedman

SAM Client Colle Capital Partners Receives Strategic Investment from Zain Group to Close Out Fund

Colle Capital Stubbs Alderton & Markiles client Colle Capital Partners, a global, opportunistic, early stage technology venture fund based in New York, with a presence in San Francisco, has closed its fund, after a strategic investment by Zain Group, a leading innovator of mobile communications in eight markets across the Middle East and Africa. Colle Capital Partners has a diversified technology focus with an emphasis on data in the Energy, Media, Telecommunications, Health IT, Security, and Software Development sector.

To read the full press release visit here.

Stubbs Alderton attorneys representing and acting as Fund Counsel to Colle Capital Partners are  Scott Alderton and Jonathan Friedman.

About
Colle Capital Partners is a global, opportunistic, early stage technology venture fund. Managers have completed deals in various verticals and across all capital structures. They pay special attention to data. Virtually all their deals have intrinsic relationship with data as they believe that data will drive future growth for all their companies.

For more information about our Venture Capital and Emerging Growth Practice , contact Scott Alderton at salderton@stubbsalderton.com

 

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Stubbs Alderton & Markiles Assists Colle Capital Partners I, L.P. with Fund Formation

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Stubbs Alderton & Markiles, LLP recently completed the formation of Colle Capital Partners I, L.P., a $20M global, opportunistic, early stage technology venture fund.  Managers have completed deals in various verticals and across all capital structures. They pay special attention to data. Virtually all of their deals have intrinsic relationship with data as they believe that data will drive future growth for all of their companies.

SAM Partner Jonathan Friedman served as lead counsel in connection with the formation of the fund.  For further information on SAM’s fund formation practice, please contact Jonathan Friedman at (818) 444-4514 or jfriedman@stubbsalderton.com.

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SAM Client Vitesse Semiconductor Corporation to be Acquired by Microsemi Corporation

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SAM Client Vitesse Semiconductor Corporation has announced that it has reached an agreement to be acquired by Microsemi Corporation for $389 million, furthering a drive toward consolidation in the semiconductor industry.

Vitesse, which has headquarters in Camarillo, CA, designs a diverse portfolio of high-performance semiconductors, application software, and integrated turnkey systems solutions for Carrier, Enterprise and Internet of Things (IoT) networks worldwide.

Based in Aliso Viejo, CA, Microsemi offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace and industrial markets.

Stubbs Alderton & Markiles’ attorneys John McIlvery and Jonathan Friedman are representing Vitesse in this pending transaction.

For more information about our Public Securities practice, contact John McIlvery at (818) 444-4502 or jmcilvery@stubbsalderton.com.

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Bridging the 49th Parallel – Cross Border Business in British Columbia – December 10, 2014

 

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Join us for a catered lunch as we discuss the benefits of US businesses having operations in British Columbia.  The program will explore the economic incentives available to technology companies that are offered by the Government of British Columbia and by local authorities in Vancouver, how to access the programs and how to commence operations in BC.  The program will also include first hand insights of companies that have opened a satellite office in British Columbia.

Register!

Moderator:

Jonathan Friedman, Stubbs Alderton & Markiles, LLP– Jonathan Friedman is Partner at the law firm of Stubbs Alderton & Markiles, LLP.  Jonathan advises a wide range of both public and private clients, including development-stage, emerging-growth and middle-market companies as well as angel investors, venture capital firms and strategic investors. Jonathan’s practice focuses on venture capital and corporate finance, intellectual property licensing, mergers and acquisitions, securities law and general corporate and business matters. Jonathan has represented corporations and other entities in a wide variety of industries, including Internet and e-commerce, apparel, medical devices, entertainment and high technology. Jonathan is a member of the Executive Committee of the Canadian California Business Council, an entity that was formed to support Canada and California businesses growth. The Council aims to use its membership network to connect bi-lateral opportunities that will result in the job creation, investment connection and trade partnership support.

Panelists:

Robert Wong, Creative BC – After working for several years for a chartered accounting firm in Vancouver, Robert joined BC Film + Media (now Creative BC) where he is currently the Vice President and Acting Film Commissioner. Robert joined the staff just prior to the launch of the film and television tax credit program in 1998, and has since played an integral role in the evolution of British Columbia’s film and television tax policy, including the recent enhancements to the tax credit program. He is responsible for all administrative aspects of Film Incentive BC (FIBC), the Production Services Tax Credit (PSTC), and development funding programs.  As Acting Film Commissioner, he is tasked with marketing British Columbia as a destination of choice for projects and companies looking for a world class production centre.

Lui Petrollini, Ernst & Young – Lui is the EY B.C. Media & Entertainment Services Leader, Private Mid-Market Services Leader and the Director, Pacific Region Entrepreneur of the Year Awards. He has over 29 years experience in Public Accounting, serving private Canadian and international companies. Serving a wide variety of clients from start-up, development stage to full mature companies, Lui has extensive experience with software development companies, Media & Entertainment production companies and industry-related service providers. He currently sits as a director of the B.C. Technology Industry Association, the Telus World of Science (“Science World”) and the B.C. Motion Picture Production Industry Association. Lui possesses considerable knowledge and expertise in the film and television production industry. He has worked closely with film and television producers, and government and taxation agencies in dealing with the various film and tax credit incentives available to producers in Canada.

Mikko Setala, Rovio Animation Company– Mikko Setala joined Rovio Entertainment in 2006 as the Chairman of the Board and has also served Rovio as the CFO and EVP of Corporate Development. Living currently in Los Angeles, he is the President of the Rovio subsidiaries in North America.  Mikko’s background is in the software industry and he has been an entrepreneur, worked as an executive in major software companies and also as the CEO of a listed company. Mikko has written two books and acts as an angel investor and board member.  Mikko has a M.Sc. degree from Helsinki University of Technology.
Twitter: mikesetala

Agenda: 12:00-12:30 Networking and Free Catered Lunch; 12:30-1:30 Panel Discussion

Parking: Ramp #5 on 4th Street near Broadway, or at the Santa Monica Place Mall.  No Validations.

Sponsors:

 

            

                        

  

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Stubbs Alderton & Markiles, LLP Announces New Partner

JonathanFriedmanStubbs Alderton & Markiles LLP is pleased to announce that, effective January 1, 2014, Jonathan Friedman has been named Partner of the firm.

Background

Jonathan advises a wide range of both public and private clients, including development-stage, emerging-growth and middle-market companies as well as angel investors, venture capital firms and strategic investors. Jonathan’s practice focuses on venture capital and corporate finance, intellectual property licensing, mergers and acquisitions, securities law and general corporate and business matters. Jonathan has represented corporations and other entities in a wide variety of industries, including Internet and e-commerce, apparel, medical devices, entertainment and high technology.

To view Jonathan Friedman’s complete bio, click here.

 

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Stubbs Alderton & Markiles, LLP Partner Jonathan Friedman Participates in Roundtable Discussion Regarding Partnerships Between Canada and the Silicon Beach Tech Community

January 14, 2014 – SAM Partner Jonathan Friedman participated in a roundtable discussion with the Consulate General of Canada, David Fransen and Director General, Foreign Affairs and International Trade Roxanne Dubé, as well as other active members of the LA/Silicon Beach Tech Community to outline the state of the LA Tech Community and how partnerships can be made between Canada and Silicon Beach.

Jonathan is a member of the Executive Committee of the Canadian California Business Council, an entity that was formed to support Canada and California businesses growth. The Council aims to use its membership network to connect bi-lateral opportunities that will result in the job creation, investment connection and trade partnership support.  For more information regarding cross-border transactions between Canada and the U.S., please contact Jonathan at (818) 444-4514 or jfriedman@stubbsalderton.com.

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Stubbs Alderton & Markiles, LLP Advises HemaCare Corporation in the Sale of Coral Blood Services to the New York Blood Center

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Los Angeles, October 11, 2013. Stubbs Alderton & Markiles, LLP announced that it advised client HemaCare Corporation in the sale of its Coral Blood Services subsidiary to the New York Blood Center (“NYBC”). Financial terms of the transaction were not disclosed.  Coral’s 24 employees have been offered equivalent positions at NYBC.

In addition, NYBC and HemaCare have signed an agreement granting HemaCare access to NYBC’s 22 metro New York area collection centers.  This allows HemaCare to further support the skilled, standardized apheresis collection services required for cell therapy and immunotherapy clinical trials of HemaCare’s rapidly growing list of BioResearch Products and Services customers.

SAM Partner John McIlvery, and attorneys Jonathan Friedman and Jason Lee advised HemaCare Corporation in this transaction.

To read the full press release, click here.

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Stubbs Alderton & Markiles, LLP Advises Kotura, Inc. in its Acquisiton by Mellanox Technologies Ltd.

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Los Angeles, CA – August 20, 2013 -Stubbs Alderton & Markiles, LLP announced that it advised Kotura Inc., a leading innovator and developer of advanced silicon photonics optical interconnect technology for high-speed networking applications, in its acquisition by Mellanox Technologies Ltd.  Mellanox has acquired Kotura at a total cash purchase price of approximately $82 million, subject to certain working capital and other adjustments.

The transaction enhances Mellanox’s ability to provide leading technologies for high speed, scalable and efficient end-to-end interconnect solutions, and is expected to increase Mellanox’s competiveness to meet the growing demands of high-performance, Web 2.0, cloud, data center, database, financial services and storage applications.

Kotura’s current location in Monterey Park, California, will serve as Mellanox’s first R&D center in the United States.

 To read the full press release, click here.

The Stubbs Alderton & Markiles, LLP team advising Kotura, Inc, included Scott Alderton,   Jonathan Friedman, Sean Greaney, and Jason Lee.

About Stubbs Alderton & Markiles

Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions and intellectual property practice groups focusing on the representation of 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, visit www.stubbsalderton.com

Contact:

Heidi Hubbeling
Director of Marketing
Stubbs Alderton & Markiles, LLP
(818) 444-4526
hhubbeling@stubbsalderton.com

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Stubbs Alderton & Markiles, LLP Advises Vitesse Semiconductor Corporation in $40 Million Public Offering

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Los Angeles– June 26, 2013 – Stubbs Alderton & Markiles, LLP announced that it advised client Vitesse Semiconductor Corporation (Nasdaq VTSS) in an underwritten public offering of 18,720,000 shares of its common stock at a price to the public of $2.15 per share.  The offering closed on June 25, 2013.

Vitesse designs a diverse portfolio of high-performance semiconductor solutions for Carrier and Enterprise networks worldwide.  Vitesse products enable the fastest-growing network infrastructure markets including Mobile Access/IP Edge, Cloud Computing and SMB/SME Enterprise Networking.

To read Vitesse’s full press release, click here.

The Stubbs Alderton & Markiles, LLP team advising Vitesse included John McIlvery, Partner and Chair of the Public Securities Practice, and Jonathan Friedman, Senior Counsel.

About Stubbs Alderton & Markiles, LLP

Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions and intellectual property practice groups focusing on the representation of 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.

Contact:

Heidi Hubbeling
Director of Marketing
Stubbs Alderton & Markiles, LLP
(818) 444-4526
hhubbeling@stubbsalderton.com

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So, You Want To Export To Canada, Eh?

Canada, because of its geographic proximity to the United States, shared language and similar business culture offers a logical expansion opportunity for companies that have successfully developed, marketed and sold a product or service in the United States.  In 2012, bilateral trade between the United States and Canada for goods and services totaled approximately $742 billion, representing more than $2 billion of goods and services crossing the border every day, and Canada is currently the United States’ largest goods trading partner. There are a number of ways to export your products or services to Canada, each of which require differing levels of management, capital commitment and expertise.

Selling to domestic buyers, who export your product

Selling to domestic buyers who export your product offers a simple way to sell into Canada, since the domestic purchaser handles all aspects of export administration and assumes all risk associated with exporting.  Examples of domestic buyers that purchase for export include parties who represent Canadian customers, such as Canadian government agencies, distributers or retailers.  Another class of buyers includes intermediaries, such as export management companies, who are responsible for finding Canadian purchasers for your products.  Better export management companies specialize by product or by market, and because of their specialization and existing networks, can significantly reduce the time and resources required to enter a new territory like Canada.

Direct Exporting

Accessing the Canadian market directly provides a number of significant benefits for a company, including enhanced control over the export process, the ability to gain valuable insight into foreign customers and competition and potentially higher profit margins.  Direct exporting, however, can be much more labor and capital intensive as foreign representatives need to be identified, and working relationships established.

One method of direct exporting is entering into an arrangement with a Canadian sales representative, who then locates and introduces your company to potential customers.  As an alternative, direct exporting can be achieved by locating foreign distributors who purchase your products (usually at a discount to wholesale prices) and then resell your products to retailers or dealers in the territory.  If your company has sufficient resources, it may attempt to locate and sell directly to retailers or to the ultimate end consumer in Canada.

Legal Challenges

In the event your company uses intermediaries to achieve its export objectives, careful thought will be required in the selection of your partners and your agreements with any such party.  For example, will your agreement with such party be exclusive in Canada or in certain channels of distribution?  If the arrangement is exclusive, thought has to be given to the circumstances under which the arrangement will become non-exclusive—for instance if the party fails to fulfill certain sales requirements over a specified period of time.

When entering into a business relationship with an intermediary, it is also important to think about safeguarding the reputation of your brands.  At a minimum, your agreement with a third party representative should include pre-approval rights with respect to marketing strategies and advertising campaigns.  To enhance the reputation of your brands in Canada, you may also negotiate that your third party representative incurs minimum marketing expenditures on your behalf to promote your products.

A well structured relationship should also address the resources you expect the third party to provide during the term of your agreement.  For instance, how many people will be devoted to the sale of your products in Canada and will the efforts of a particular person in the organization be required?  Also, will the third party be required to provide customer support on your behalf, and if so, to what extent?

Perhaps most importantly, it is essential to provide escape clauses in your agreement to enable you to terminate the relationship in the event it does not develop as expected.  For example, you may want to limit the term of the agreement to a period of one year, which agreement will automatically renew for an additional specified period unless either party gives notice.  This will allow you to evaluate the performance of the third party without getting locked into a long term commitment.  Your contract should also specify the circumstances under which you can terminate for non-performance or for breach.

When entering into a relationship with a third party representative, thought also has to be given to your needs upon the termination of the relationship.  For instance, will a distributor have the right to continue to sell products in Canada to deplete their existing inventory or alternatively, will you have the right to repurchase unsold inventory?  The agreement should also mandate the return of confidential information and other property following its expiration or termination.

Although exporting may seem daunting and fraught with risk, it is possible to export to Canada with minimal resources and capitalize on new growth opportunities for your products.  The key lies in carefully selecting third party representatives for your brands and relying on your advisors to help you properly structure your commercial arrangement with such third parties.

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JonathanFriedmanFor more information regarding cross border transactions and similar inquiries, please contact Jonathan Friedman, attorney with Stubbs Alderton & Markiles, LLP (jfriedman@stubbsalderton.com) . Jonathan’s practice focuses on venture capital and corporate finance, intellectual property licensing, mergers and acquisitions, securities law and general corporate and business matters.  Jonathan, a Canadian citizen, also specializes in Canadian/United States cross border transactions and sits on the board of the Canadian California Business Council.  Jonathan received his Bachelor of Applied Science in Mechanical Engineering in 1998, his M.B.A. in 2002, and his J.D. in 2002, all from the University of Toronto.

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