Jordan Altman is an intellectual property transactions partner based in Ropes & Gray’s New York office. He leads transformative, business-critical transactions that focus on intellectual property and technology and span a wide range of industries, including fintech, financial services, consumer products, telecommunications, entertainment, sports, energy, life sciences, chemicals, medical devices, air and space, and industrials. Jordan has deep experience advising on intellectual property and technology licensing agreements, mergers and acquisitions, strategic alliances, joint ventures, distribution agreements, and other commercial agreements. Clients look to Jordan as a leader in such technology sectors as big data, artificial intelligence, software and telecommunications.
Jordan has experience with all facets of intellectual property, including patents, trademarks, copyrights, and trade secrets, and regularly advises clients on intellectual property portfolio development. He spent his early career as a patent examiner and is a registered patent agent with the U.S. Patent and Trademark Office.
Prior to joining Ropes & Gray, Jordan was a partner in the New York office of another international law firm.
Experience
Licensing, Collaborations and Technology Transactions
- Torchlight Investors LLC in connection with a multiplatform outsourcing agreement*
- InnovaHeart SRL in an exclusive licensing agreement with Grand Pharmaceutical Group Limited for a transcatheter mitral valve replacement system*
- Venner Medical in connection with agreements for the development and testing of medical devices*
- LMA North America, Inc. in connection with a global supply and distribution agreement relating to medical devices*
- The Laryngeal Mask Company in connection with technology and patent license agreements for medical devices*
- Inspirna, Inc. in its clinical collaboration with Bristol Myers Squibb regarding a lead product candidate*
- Genmab A/S in connection with various technology license and commercialization agreements for a pharmaceutical compound and with its initial public offering and listing on the Nasdaq*
- Various agreements for funding the clinical development of therapeutic compounds belonging to Dynavax Technologies Corp. and Ionis Pharmaceuticals*
Mergers, Acquisitions, Joint Ventures and Private Equity Transactions
- Nippon Steel Corporation (NSC), Japan’s largest steelmaker, in a definitive agreement to acquire U.S. Steel in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the assumption of debt, for a total enterprise value of $14.9 billion
- Advent International in a minority investment in Fisher Investments, valuing Fisher Investments at $12.75 billion
- Xerox Holdings Corporation in its agreement to acquire Lexmark International, Inc. from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre in a deal valued at $1.5 billion
- Cardinal Health in connection with numerous transactions, including:
- in an agreement to acquire Integrated Oncology Network (ION), an independent community oncology network, for $1.115 billion in cash
- in its $1.2 billion acquisition of Specialty Networks, an integrated platform focused on independent physician practices in urology, gastroenterology and rheumatology, as well as life sciences organizations
- Rubicon Founders in connection with numerous transactions, including:
- its majority investment in Horizon Infusions, Ohio’s largest network of ambulatory infusion centers
- its $165 million strategic growth investment in Caidya, a leading global mid-sized clinical research organization
- Monomoy Capital Partners in its sale of portfolio company Astro Shapes LLC, a leading manufacturer of custom aluminum extrusions, to Wynnchurch Capital
- New Mountain Capital and its affiliates in connection with numerous transactions, including:
- its growth investment in Access Healthcare, a technology-enabled platform for revenue cycle management intended for the healthcare industry
- a definitive agreement to acquire Machinify, Inc., a leading provider of artificial intelligence-powered software transforming healthcare payments
- the acquisition of Unified Power, a provider of preventative maintenance and repair services for power systems
- the acquisition of MyHealthTeam, the creator of one of the largest patient social networks in healthcare, offering more than 62 condition-specific communities to support patients with chronic and rare conditions
- the strategic investment in Consor Holdings, a leading provider of transportation and water infrastructure engineering and consulting services
- the strategic investment in The Rawlings Group, a leading coverage analytics provider ensuring payment accuracy on behalf of its health plan clients
- in the definitive agreement to combine the portfolio company HealthComp with Virgin Pulse, a leading digital health, wellbeing and navigation company to create the first national value-based care platform company focused on employee health and outcomes
- Cadre Holdings, Inc, a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets, on a definitive agreement to acquire Carr’s Engineering Limited (excluding Chirton Engineering) and Carr's Engineering (US), Inc.
- Kohlberg & Company and its affiliates in connection with numerous transactions, including:
- the sale of the majority of its stake in GPRS Holdings to Roark Capital.
- the majority investment in CLEAResult, North America’s largest energy efficiency, energy transition and energy sustainability services provider
- the acquisition of Riveron, a business advisory firm
- the acquisition of Yantra, a technology and advisory services provider with a broad range of expertise to address the pressing needs of technology-enabled CFOs
- Good Springs Capital LP in its investment in Tectonic Engineering Consultants, Geologists & Land Surveyors, D.P.C and affiliates, a leading multi-disciplined engineering firm focused on the transportation, telecommunications, energy, and water infrastructure end markets
- American Industrial Partners and its affiliates in connection with numerous transactions, including:
- in the definitive agreement to acquire the U.S. and Canadian architectural coatings business of PPG, a global paints, coatings, and specialty materials leader
- the sale of Collins Bus Corporation to Forest River Bus, LLC, a Berkshire Hathaway company, for a purchase price of $303.0 million in cash
- Partners Group, one of the largest firms in the global private markets industry, on its acquisition – on behalf of its clients – of a majority stake in FairJourney Biologics, a leading antibody discovery Contract Research Organization (CRO), from GHO Capital Partners
- TA Associates in its acquisition of the Association & Events and Nonprofit Solutions divisions from Community Brands to create a new strategic platform, Momentive Software, a provider of cloud-based software that powers mission-driven associations and nonprofit organizations
- H.I.G. Infrastructure, an affiliate of H.I.G. Capital, in the acquisition of Best Trash, a market leading municipal solid waste platform serving the residential waste collection needs of utility districts, municipalities, homeowner associations and individual residences
- Duration Capital Partners’ portfolio company Rand Logistics in the acquisition of Andrie LLC, a leading marine transporter of liquid bulk commodity goods
- Bain Capital Double Impact in the sale of TeachTown, a leading provider of special education solutions for students with moderate to severe learning challenges, to L Squared Capital Partners
- EQT Private Equity on its agreement to acquire Avetta (the “Company”) from Welsh, Carson, Anderson & Stowe (“WCAS”). Avetta is a global leader in supply chain risk management software
- Kanders & Company, Inc. in its definitive agreement to acquire and combine certain antenna and test equipment businesses from L3Harris Technologies for $200 million
- Lee Equity Partners and its affiliates in connection with numerous transactions, including:
- the acquisition of PCS Retirement, a leading retirement plan recordkeeper focused on the ERISA and Non-ERISA markets
- the sale of Atria Wealth Solutions, Inc., a wealth management solutions company, to LPL Financial Holdings Inc.
- the acquisition of Carisk® Partners, a specialty risk transfer and care coordination company serving insurers, government entities, self-insured plan sponsors and other managed care organizations
- Aquiline Capital Partners LP in connection with numerous transactions, including:
- the majority investment in Pharma Force Group LLC, a pharmacy solutions provider to hospitals and health clinics
- the investment in Health Prime International, a provider of revenue cycle management solutions for physician practices
- the formation of MDpanel, a platform aimed at improving the processing of workers’ compensation insurance claims
- Avista Capital Partners, a leading healthcare-focused private equity firm, on its acquisition of Terrats Medical, a leading global provider of dental prosthetics, including abutments and implants, from Miura Partners
- Aretex Capital Partners in the sale of portfolio company VettaFi to TMX Group.
- AEA Investors and its portfolio company Process Sensing Technologies (PST) in PST’s acquisition of Fluid Components International (FCI)
- Morgan Stanley Tactical Value in its partnership with Kobalt Partners to invest more than $700 million to acquire music copyrights over the next few years
- CCMP Growth Advisors in in connection with numerous transactions, including:
- the investment in Decks & Docks, the largest specialty distributor of marine construction and outdoor living supplies in the Eastern United States
- the acquisition of Combined Caterers, a premium event management and catering services provider
- TPG in its agreement to acquire Nextech, a leading provider of clinical and administrative healthcare technology solutions for specialty physician practices, from Thomas H. Lee Partners for $1.4 billion
- Citrix Systems, Inc. in its $2.25 billion acquisition of Wrike, Inc.*
- Hitachi, Ltd. in its $9.5 billion acquisition of GlobalLogic Inc.*
- SS&C Technologies Holdings, Inc. in the $1.45 billion acquisition of Eze Software Group LLC*
- Integration Appliance, Inc. in its acquisition of DealCloud, Inc.*
- Salesforce.com, Inc. in its acquisition of Demandware, Inc. for approximately $2.8 billion*
- SunGard Data Systems Inc. in its acquisition by Fidelity National Information Services Inc.*
- Nokia Corporation in connection with numerous transactions, including:
- the acquisition of SpaceTime Insight, Inc.
- the acquisition of Withings*
- the acquisition of Eta Devices, a company that manufactures advanced radio transmitters*
- Texas Instruments in its acquisition of the Lehi, Utah semiconductor manufacturing facility from Micron Technology*
- Raytheon Company in its merger of equals with United Technologies Corporation’s Aerospace Business – 2020 Deal of the Year Award and 2020 Energy & Industrials Deal of the Year Award, The Deal*
- JetBlue Airways in the sale of its live in-flight entertainment and connectivity business to Thales Avionics*
- Liberty Global plc in its acquisition of Cable & Wireless Communications plc*
- ViacomCBS in connection with numerous transactions, including:
- in its remerger with CBS – 2020 Most Innovative Deal of the Year Award, The Deal*
- in its divestitures of the CNET Media Group and the Simon & Schuster publishing business *
- in its acquisitions of the Garfield and U.S. Acres franchises, the Sparkler mobile and web applications, the VidCon technology conference, the AwesomenessTV and Chilevision film and television networks, and the SnowGlobe Music Festival*
- in Paramount Pictures Corporation's acquisition of DreamWorks LLC and in its distribution arrangements with DreamWorks Animation SKG, Inc.*
- Altice N.V. in connection with numerous transactions, including:
- the acquisition of Cablevision Systems Corporation*
- the sale of a 49% stake in its Lightpath Fiber Business to Morgan Stanley Infrastructure Partners*
- Warner Music Group in its acquisition of assets from SongKick.com, in its acquisition of Sodatone Inc. and in its equity investment in a company that performs audience data analytics*
- Discovery Communications LLC in connection with the separation of its UKTV joint venture with BBC Studios*
- Thomson Reuters Corporation in its acquisition of Capital Confirmation, Inc. and its acquisition of REDI Holdings*
- McGraw Hill Financial in connection with its sale of J.D. Power for $1.1 billion*
- J.D. Power & Associates in its acquisition of the Used Car Guide Business and associated data repositories of the National Automobile Dealers Association*
- Intercontinental Exchange, Inc. in connection with numerous transactions, including:
- the $11 billion acquisition of Ellie Mae, Inc. – 2021 Private Equity Deal of the Year Award, The Deal*
- the acquisition of SimpliFile*
- the acquisition of TMC Bonds*
- the sale of its “Interactive Data Managed Solutions” business*
- the sale of Trayport*
- Citibank N.A. in its sale of Citi’s Alternative Investor Services business, comprising of Hedge Fund Services and Private Equity Fund Services, to SS&C Technologies*
- Sonic Corp. in its $2.3 billion sale to Inspire Brands*
- Tata Tea Ltd. in its acquisition of an equity interest in Glacéau, the maker of Vitaminwater*
- Shiseido Company Limited in the sale of its subsidiary, Zotos International Inc., to Henkel Corporation*
- Boston Scientific Corporation in connection with numerous transactions, including:
- the acquisition of the cardiology business from Baylis Medical*
- the sale of the BTG Specialty Pharmaceuticals business to Stark International*
- the acquisition of the urology portfolio of American Medical Systems, Inc. from Endo International plc*
- the sale of its drug-eluting and bland embolizing bead business to Varian Medical Systems*
- the sale of its neurovascular business to Stryker Corporation*
- Fenway Sports Group LP and its affiliates in connection with numerous transactions, including:
- in the acquisition of a controlling interest in the Pittsburgh Penguins of the National Hockey League*
- in connection with several trademark license and technology service agreements relating to its entry into a joint venture with Roush Racing, a leading race team whose drivers compete in NASCAR’s three premier series*
- in the acquisition of Liverpool Football Club of the English Premier League*
- Renaissance Sports & Entertainment, LLC in connection with its purchase of the Phoenix Coyotes franchise from the National Hockey League*
- Dow Chemical Company in connection with numerous transactions, including:
- its $130 billion transaction with DuPont involving combination of the two companies and separating them into three publicly trading entities and the resulting $50 billion spin-off of Dow Inc.*
- the $5 billion split-off of the chlor-alkali and downstream derivatives business to Olin Corporation – 2016 M&A Deal of the Year Award, IFLR*
- its acquisition of the remaining interest in the Dow Corning’s silicones business from Corning Incorporated*
- the divestiture of its global polypropylene business to Braskem*
- the $15.7 billion acquisition of Rohm and Haas*
- the $1.7 billion sale of Morton Salt*
- the sale of a diversified chemicals division to a leading global private investment firm*
- the sale of assets comprising EAA copolymers and ionomers business to SK Global Chemical Co. *
- the sale of European extruded polystyrene foam business to Ravago SA*
- Celanese Corporation in the sale of Polyplastics Company, Ltd. to Daicel Corporation*
- LyondellBasell Industries N.V. in connection with numerous transactions, including:
- the merger transaction with A. Schulman, Inc. for $2.25 billion*
- the acquisition of a syngas plant and methanol production business from Linde AG*
- Lanxess in connection with numerous transactions, including:
- the acquisition of the clean and disinfect businesses of Chemours*
- the acquisition of Emerald Kalama Chemical*
- in the acquisition of the phosphorus chemicals business from Solvay Pharmaceuticals*
- Novartis AG in connection with its acquisition of the over-the-counter consumer medicines business of Bristol Myers Squibb Company; and in in its $3.9 billion acquisition of the French radiopharmaceutical company, Advanced Accelerator Applications – 2019 M&A Deal of the Year Award, IFLR*
- GlaxoSmithKline plc in its $5.1 billion acquisition of Tesaro*
- Sun Pharmaceutical Industries in connection with its purchase of Taro Pharmaceutical Industries*
- American Axle & Manufacturing Holdings, Inc. in connection with numerous transactions, including:
- its $1.6 billion cash and stock acquisition of Metaldyne Performance Group Inc.*
- establishing a joint venture in China for the development of automotive technologies*
- Sumitomo Rubber Industries, Ltd. in the dissolution of its global alliance with The Goodyear Tire & Rubber*
- Corning Incorporated in connection with numerous transactions, including:
- the acquisition of 3M Company's global Fiber and Copper Connectivity Solutions Business*
- the acquisition of Alliance Fiber Optic Products, Inc.*
- the acquisition of Axygen BioScience, Inc.*
- Daimler AG in its sale of the automotive and financial services business of the Chrysler Group to Cerberus Capital Management*
- Textron Inc. in the sale of its Tools and Test Business to Emerson Electric Co.*
- Ardagh Group in connection with numerous transactions, including:
- the combination of its Food & Specialty Metal Packaging business with Exal Corporation*
- the purchase from Ball Corporation and Rexam PLC of certain metal beverage can manufacturing assets for an enterprise value of $3.42 billion*
- Chipita S.A. on the sale of its business to Mondelēz International, Inc. for approximately $2 billion - CEE Legal Matters Deal of the Year Award 2021*
- Prairie Farms in connection with its acquisition of select assets and IP rights from Dean Foods.*
- B/E Aerospace in its $6.4 billion acquisition by Rockwell Collins*
- Aabar Investments PJSC in its acquisition of an equity interest in Virgin Galactic, an entity launched by the Virgin Group in 2004 to develop vehicles for space tourism*
- Ecopetrol in connection with its joint venture with Occidental Petroleum Corporation*
- OMERS Infrastructure Management in various transactions, including the acquisition of Navisun, the acquisition of the development business of First Solar, Inc. and sale of interests in Vento II wind portfolio*
- Bakkt Holdings, LLC in its merger with SPAC VPC Impact Acquisition Holdings*
- NextEra and Compute North in connection with a cryptocurrency mining joint venture*
- KMG Chemicals, a producer and distributor of specialty chemicals and performance materials for the semiconductor market, in its $1.6 billion acquisition by Cabot Microelectronics*
- Dover Corporation in its acquisition of JK Group S.p.A. from Wise SGR S.p.A. and Alcedo SGR S.p.A.*
- Wausau Paper Corp. in its acquisition by Svenska Cellulosa Aktiebolaget*
- Quest Diagnostics Incorporated in connection with multiple acquisitions*
- LMA International N.V. in its acquisition of Wolfe Tory Medical, Inc. and its sale to Teleflex, Inc.*
- Caris Life Sciences, Inc. in connection with the sale of its anatomic pathology business to Miraca Holdings*
- MeiraGTx holdings Plc in its acquisition of Emrys Bio*
- GENEWIZ Group, a leading global genomics service provider, in connection with being acquired by Brooks Automation*
- WebMD Health Corp. in various corporate and transactional matters, including in its sale of Porex Corporation and in the acquisition by Internet Brands, a portfolio company of Kohlberg Kravis Roberts & Co. L.P.*
- Banco Bradesco in its acquisition of BAC Florida Bank – 2021 Financial Services M&A Deal of the Year Award, The Deal*
- China Mobile Ltd. in connection with a joint venture with Vodafone and Verizon Wireless for the development of mobile phone technologies*
- Stone Point Capital in connection with the merger of Pierpont Securities LLC with Amherst Securities Group LP*
- Helm Corporation in connection with the sale of Helm Bank SA to CorpBanca Colombia, a subsidiary of CorpBanca SA*
- Amundi Group in its acquisition, through subsidiary Amundi USA, Inc., of all of the outstanding shares of Smith Breeden Associates, Inc.*
Capital Markets Transactions
- The initial public offering of Cytek Biosciences*
- The initial public offering of Caribou Biosciences, Inc.*
- The initial public offering of Y-mAbs Therapeutics, Inc.*
*Handled prior to joining Ropes & Gray LLP