Greenberg Glusker's Corporate Group Closes Standout Year, Expects Babyboomers to Drive Active Market in 2014

LOS ANGELES--(BUSINESS WIRE)--

Greenberg Glusker today announced its Corporate Group successfully handled and closed more than 25 complex buy and sell-side transactions and financings in 2013. Attorneys in the group closed deals for major entities in branded consumer products, entertainment, food and beverage, manufacturing and distribution, and technology industries. Selected highlights of the deals include:

• Represented Ubisoft in connection with the acquisition of THQ Montreal and publishing rights for South Park
• Represented Stix Holdings in the purchase of all franchisee owned Pick Up Stix restaurants
• Represented Rhythm and Hues in its negotiation and documentation of secured financing made by 20^th Century Fox and Universal Studios
• Represented Hot Studio in the acquisition of its talent by Facebook
• Represented Lime Energy LIME in private placements of Series A and Series B Preferred Stock
• Represented Hope Road Merchandising in the sale of equity of Zion Rootswear to Bravado (a subsidiary of Universal Music Group)
• Represented Squabbler in a seed financing round
• Represented owners in sale of SOS Metals and Trans World Alloys to Precision Castparts Corp. PCP

“Greenberg Glusker ended 2013 on a high note steering some very big deals, and we're expecting to see more companies on the market in 2014 as the conditions become more favorable for business owners to sell,” said Joel Weinstein, chair of Greenberg Glusker's Corporate Group. “In 2013 buyer demand was up. Where the market was lacking was in supply as revenue and incomes grew in an improved economy. This year, we're talking to business owners who may be more interested in looking at a sale, if the price is right.”

Weinstein points to the seven million baby boomers who own businesses, many of whom are finally in a position to push the button on an exit strategy so they can move on and enjoy their next act.

“These are people who have worked many years to build their company, and they don't want to go through another downturn,” he said. “Now they want to reap the rewards of their hard work: travel, enjoy their second home, get a boat.”

According to the U.S. Census, 36 percent of companies with employees are owned by baby boomers. There are more than 75 million baby boomers, and it is estimated by BIG Research that about 7 million of them own privately held businesses.

In addition to Weinstein, corporate partners include: Andrew Apfelberg (immediate past president of the Association for Corporate Growth, Los Angeles Chapter), Benjamin Alexander, Bruce Andelson, Richard Hong, Gary Kaplan, Jeffrey Krieger, Katy Spillers, and Richard Sweet. The Group also includes three associate attorneys.

The full-service offerings of the Corporate Group also feature outside general counsel representation for a wide range of companies and easy-to-access comprehensive counsel in related areas of tax, employment, restructuring, intellectual property and litigation.

Greenberg Glusker's Corporate Group has received top national and metropolitan rankings from U.S. News-Best Lawyers in Securities / Capital Markets Law (Tier One), Mergers & Acquisitions Law and Corporate Law.

About Greenberg Glusker

Greenberg Glusker represents individuals and organizations ranging from startup ventures and middle-market companies to larger, public and privately held multinational corporations across a range of industries. It's corporate and tax lawyers advise clients on all aspects of business operations, from startup and later-stage financing, complex compensation packages, trademark and other intellectual property rights, to structuring terms, mergers and acquisitions, debt and equity financing and other complex transactions. For more information, visit www.GreenbergGlusker.com.