Chapman represented private equity firm ASGARD Partners & Co. and its portfolio company, Angstrom Technology, in connection with the financing of Angstrom's acquisition of Connect 2 Cleanrooms Limited, a cleanroom design and production company based in the UK. Chapman partner Nick Whitney led the deal team with associate Michael Myones.
Chapman served as US counsel to Mishmeret Trust Company Ltd., an Israel-based trustee, in connection with the restructuring of $250 million of bonds issued by All Year Holdings Ltd. and secured by one of two residential apartment buildings that comprise The Denizen, a 911-unit complex located on the site of the former Rheingold Brewery in the Bushwick neighborhood of Brooklyn, New York.
Chapman served as lead counsel to Clairvest Group Inc., Clairvest Equity Partners VI, and Rubico Gaming LLC in the acquisition and financing of the Delaware Park casino and racetrack in Wilmington, Delaware. Partner Cathy Rossouw led the Chapman deal team that included Michael Friedman, Aaron Krieger, Helena Honig, and Carson Klarck on the acquisition, and Simone Tatsch, Nick Whitney, Eric Manor, and Jenny Kawamura on the financing.
Chapman served as US counsel to Reznik Paz Nevo Trusts Ltd. in connection with the issuance by Bank Hapoalim of US$1 billion of green CoCo bonds, the first international issuance of green contingent convertible (CoCo) notes by an Israeli bank in accordance with the Green Bond Principles published by the International Capital Market Association. Chapman’s deal team consisted of Michael Friedman, partner and head of the firm’s Israel Practice, and John Hitt, partner and member of the firm’s Asset Securitization Department.
Chapman served as US legal counsel to Austrian technology company PSPDFKit in the company’s first growth investment. PSPDFKit is a Vienna-based technology company that provides software employed by thousands of companies, organizations, governments, and developers to power document processing and productivity tools, serving nearly one billion end-users in over 150 countries.
Chapman served as US counsel to the indenture trustee in the first international issuance of contingent convertible (CoCo) notes by an Israeli bank. The transaction involved a US$750 million (NIS 2.6 billion) issue of CoCo deferred notes, the proceeds of which will be used to refinance existing deferred debt and manage exposure to foreign currency.
Chapman represented Turnspire Capital Partners LLC, a special situations-focused private investment firm, in its acquisition of Daniel Measurement and Control, a global leader in providing measurement technologies and services for the energy industry, from Emerson Electric Co.
Chapman served as bankruptcy co-counsel to Avadim Health, Inc., a health care and wellness company, in the sale of substantially all of its assets to a European-based private credit alternative asset management firm in a section 363 sale process accomplished through a chapter 11 plan of reorganization. Prior to entering bankruptcy, Chapman also represented the Restructuring Committee of Avadim Health’s Board of Directors.
Chapman served as counsel to the underwriter in a $297 million first-of-its kind tax-exempt green bond financing of a senior living facility. The Zen-inspired life plan community is designed to achieve net zero energy status, will be built using sustainable construction materials, and will feature food recycling and other sustainability-minded upgrades. In addition to market-rate independent living apartments, the community will incorporate low- and moderate-income housing, as well as assisted living and memory support units.
Chapman served as underwriter’s counsel in a series of bond transactions that financed the expansion of business and residential broadband access in Utah, particularly in underserved rural areas, by a community-owned open access fiber optic network. The bond financings provided the community-owned network with the funds to build the fiber infrastructure, which is then accessed by independent internet service providers in a competitive marketplace. This innovative open access network model helps new service providers enter the market, lowers high-speed internet costs for users, and promotes economic development. Future expansion within Utah is planned.
Chapman has been selected and is serving as US counsel to the bond trustee in connection with a restructuring of approximately US$750 million (NIS 2.4 billion) of bonds traded on the Tel Aviv Stock Exchange issued by All Year Holdings Limited, a British Virgin Islands issuer whose US subsidiaries are engaged in the acquisition and development of real estate projects located in New York.
