Insights

San Francisco – October 20, 2022: A cross-practice Crowell & Moring team represented Astra, a leading provider of advanced bank-to-bank transfer technology for financial institutions, fintech startups, and enterprises, in closing a $10 million Series A financing and securing a $30 million line of credit. The financing will support the growth of Astra’s team — with a particular focus on engineering and compliance resources — to further enable faster payments from all sources to any destination.

London—October 13, 2021: Legal 500 has again listed Crowell & Moring as one of the top UK law firms in The Legal 500 UK 2021 for its asset-based lending work.

San Francisco – February 10, 2021: Crowell & Moring advised Kountable Inc., the leading global trade and technology platform, in connection with its Series A-1 financing lead by Lateral Capital. Kountable secured this round of funding as part of its efforts to expand its U.S. presence and widen its COVID response to further support small and medium-sized enterprises (SMEs). The Kountable platform operates as the necessary missing element that gets critical goods delivered in difficult market conditions. For the past five years, Kountable has activated the capability of SMEs through is curated execution network to efficiently complete large scale projects for governments, foundations, NGOs, and corporations that have had a positive impact on millions of lives. Kountable has solved the challenges of collaboration between critical but overlooked SMEs who play a key role in the success of vast swaths of global trade activity, global multinational suppliers, funders, and logistics and trade services providers.

Washington – October 10, 2019 – Forbes magazine listedCrowell & Moring as one of the “Top Corporate Law Firms in America."

Washington – June 27, 2018: Crowell & Moring LLP is pleased to announce that it has been awarded two industry awards for its role in handling the world’s largest blockchain investment to date: The Deal’s “Most Innovative Deal of the Year” and the Association for Corporate Growth and the M&A Advisor’s “Deal of the Year” in the financial services category. The firm was selected for shepherding a landmark FinTech deal last year in which more than 40 global banks, among others, invested $107 million in R3, a recently formed blockchain/distributed ledger technology (DLT) company.

Washington, November 28, 2017: Novume Solutions, Inc., a holding company of leading professional services firms, entered into a definitive agreement effective November 16, 2017, under which Novume will acquire NeoSystems Corp. for cash, Novume restricted stock, and Novume’s assumption of certain NeoSystems’ liabilities.

Washington, October 26, 2017: Crowell & Moring represented Novume Solutions Inc. (OTCQB: NVMM) in its acquisition of Global Technical Services Inc. and Global Contract Professionals Inc. (Global). The transaction closed on October 4.

Washington, September 20, 2017: Crowell & Moring represented KeyStone Solutions Inc. in the merger of KeyStone and Brekford Traffic Safety, Inc. The merger resulted in the creation of a new publicly traded holding company, Novume Solutions Inc. (OTCQB: NVMM), controlled by KeyStone stockholders. The transaction closed on August 28.

Washington, May 23, 2017 – Financial technology innovator R3 has completed the first two of three tranches in its Series A fundraising round, securing $107 million in the world’s largest investment in distributed ledger technology (DLT) to date. R3 is the largest consortium of global financial institutions collaborating to develop a platform and commercial applications for financial services on DLT.

Washington, D.C., April 4, 2017 - Integrated Device Technology, Inc. (NASDAQ: IDTI) announced today that its tender offer by its wholly-owned subsidiary, Glider Merger Sub, Inc. (“Purchaser”), to purchase all outstanding stock of GigPeak, Inc. (NYSE: GIG) at an offer price of $3.08 expired as scheduled at one minute following 11:59 P.M. (12:00 midnight) New York City time, on Monday, April 3, 2017.

Washington, D.C., April 5, 2016: Crowell & Moring LLP represented GigOptix, Inc. in its acquisition of Magnum Semiconductor, Inc., a privately-held California-based provider of silicon ICs, SoCs, software, and IP for the professional video broadcast and IoT camera markets. GigOptix is a leading supplier of advanced semiconductor communications components for use in Cloud connectivity, data centers, and high-speed optical and wireless networks. Upon closing on April 5, 2016, GigOptix, Inc. will be renamed GigPeak, Inc. The cash and stock transaction is valued at approximately $54 million net.

Washington, D.C. – October 17, 2014: Signature Group Holdings, Inc. announced today that it has entered into a definitive stock purchase agreement to acquire the Global Recycling and Specification Alloys business of privately-held Aleris Corporation for $525 million. The Board of Directors of Signature unanimously approved the proposed transaction. The transaction is subject to customary closing conditions, including regulatory approvals and clearance under the Hart-Scott Rodino Antitrust Improvements Act. This marks the entry of Signature into the resurgent aluminum market in North America and Europe. Crowell & Moring LLP represented Signature in this matter. 

Washington, D.C. – April 3, 2014: Crowell & Moring represented Judith Ripka and affiliated companies, in connection with the sale of the Judith Ripka brand name and intellectual property to XCel Brands for nearly $23 million. Judith Ripka Companies, Inc. designs and sells fine jewelry. Ms. Ripka, the named owner of Judith Ripka Companies, Inc., will remain the brand's chief designer. Additionally, the Judith Ripka brand name will be licensed back to a Ripka owned entity for purposes of operating its fine jewelry retail stores boutiques and manufacturing jewelry. The opportunity for Xcel is to license out the Judith Ripka brand name, which has never been extended beyond jewelry, to other entities for the production of handbags, eyewear, fragrance, watches, footwear and bridal, among other items.