Market Developments Affecting Late Stage Private Placements

Tuesday, June 23rd, 2020
1:00 PM - 2:15 PM

Add to Calendar: Add to Calendar: 2020-06-23 13:00:00 2020-06-23 14:15:00 Market Developments Affecting Late Stage Private Placements Event Description *This event is hosted by Mayer Brown and features one of our professors, Anat Alon-Beck. Late stage private placements with institutional investors, cross-over investors, corporate venture capital (鈥淐VC鈥) funds, and strategic investors raise a number of considerations distinct from those arising in earlier stage and venture financing transactions. Privately held companies also have become more comfortable sponsoring liquidity programs for early investors, employees and consultants, as well as allowing these holders to sell to cross-over investors in late stage investment rounds.  Despite the volatility and market downturn brought about by the global pandemic, unicorns have continued to access the private markets. During our session, the panel will discuss: Market developments affecting the private markets, including late stage private placements; Unicorn investors and the emergence of new market actors; Participation by CVCs; Terms of late stage private placements and how these are changing as a result of the market downturn; Principal concerns for cross-over funds participating in private rounds; Legal considerations, including diligence, projections and information sharing; Issuer and third-party tender offers; and Structuring private placements with existing security holders. Speakers: Anat Alon-Beck, Case Western School of Law Kevin Gsell, Nasdaq Private Markets Brooke Parker, Barclays Capital Anna Pinedo, Mayer Brown Thomas Vitale, Mayer Brown School of Law School of Law America/New_York public

A Mayer Brown event co-sponsored by 星空传媒 School of Law

No CLE credit available for Ohio

CLE Credit Unavailable

Event Description

*This event is hosted by Mayer Brown and features one of our professors, Anat Alon-Beck.

Late stage private placements with institutional investors, cross-over investors, corporate venture capital (鈥淐VC鈥) funds, and strategic investors raise a number of considerations distinct from those arising in earlier stage and venture financing transactions. Privately held companies also have become more comfortable sponsoring liquidity programs for early investors, employees and consultants, as well as allowing these holders to sell to cross-over investors in late stage investment rounds.  Despite the volatility and market downturn brought about by the global pandemic, unicorns have continued to access the private markets.

During our session, the panel will discuss:

  • Market developments affecting the private markets, including late stage private placements;
  • Unicorn investors and the emergence of new market actors;
  • Participation by CVCs;
  • Terms of late stage private placements and how these are changing as a result of the market downturn;
  • Principal concerns for cross-over funds participating in private rounds;
  • Legal considerations, including diligence, projections and information sharing;
  • Issuer and third-party tender offers; and
  • Structuring private placements with existing security holders.

Speakers:

  • Anat Alon-Beck, Case Western School of Law
  • Kevin Gsell, Nasdaq Private Markets
  • Brooke Parker, Barclays Capital
  • Anna Pinedo, Mayer Brown
  • Thomas Vitale, Mayer Brown
星空传媒 School of Law Assistant Professor Anat Alon-Beck

Anat Alon-Beck, Case Western School of Law

Kevin Gsell, Nasdaq Private Markets

Brooke Parker, Barclays Capital

Anna Pinedo, Mayer Brown

Thomas Vitale, Mayer Brown