New York, NY (PRWEB) March 07, 2012
Olshan represented Alleghany Corporation (“Alleghany”) in a $7 million round of institutional financing of Article One Partners, the world’s largest patent research community (“AOP”).
Under the terms of the financing, Alleghany Capital Corporation, a subsidiary of Alleghany (“Alleghany Capital”), paid $7 million in exchange for units of membership interest of AOP. This is the second round of institutional financing of AOP by Alleghany Capital, which completed a $5 million round in the third quarter of 2010.
Alleghany is engaged in the ownership and management of operating subsidiaries and investments, anchored by a core position in property and casualty insurance. Alleghany has agreed to acquire reinsurer Transatlantic Holdings, Inc. for $3.4 billion.
The Olshan team that represented Alleghany on this transaction was led by Corporate partner Kenneth M. Silverman, and included Tax partner Nina Krauthamer and Corporate associate Kenneth S. Mantel. Sidley Austin LLP represented AOP on this transaction.
Olshan’s Corporate group represents public and private issuers, underwriters and investors, including hedge funds, venture capital firms, investment advisers and high net worth individuals. Representation of issuers includes serving as general and special counsel for a large and diverse group of public companies listed on the NYSE, NYSE Amex and NASDAQ stock exchanges.
Olshan, a premier law firm based in New York, represents major businesses and entrepreneurs for their most significant transactions, problems and opportunities. Olshan’s clients range from public companies, hedge, venture capital, private equity and other investment funds to entrepreneurs and private companies worldwide. Clients choose Olshan for innovative strategies and sophisticated, game-changing advice in corporate, securities law and shareholder activism, complex commercial, corporate and securities litigation, bankruptcy and creditors’ rights, real estate, intellectual property and advertising. Since its founding, Olshan has offered an alternative to the AmLaw 50 law firm business model with responsive, independent and client-focused legal counsel provided by the firm’s senior lawyers. http://www.olshanlaw.com.
This publication is issued by Olshan Grundman Frome Rosenzweig & Wolosky LLP for informational purposes only and does not constitute legal advice or establish an attorney-client relationship. To ensure compliance with requirements imposed by the IRS, we inform you that unless specifically indicated otherwise, any tax advice contained in this publication was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any tax-related matter addressed herein. In some jurisdictions, this publication may be considered attorney advertising. Prior results do not guarantee a similar outcome.
Copyright © 2012 Olshan Grundman Frome Rosenzweig & Wolosky LLP. All Rights Reserved.