Adam R. Moses

LOS ANGELES – Milbank, Tweed, Hadley & McCloy LLP advised Volt Information Sciences, Inc. (“Volt”), an international provider of staffing serviced and managed service programs, in connection with the divestiture of its quality assurance testing business unit to Keywords International Limited, a technical services provider to the global gaming industry. The transaction closed on October 27, 2017.~~The Volt business unit that was sold is known in the gaming industry as VMC and was a part of Volt’s Technology Outsourcing Services and Solutions segment. VMC provides production development, quality assurance testing and customer support to companies primarily in the video gaming and mobile industries.~~The Milbank team advising Volt was led by Corporate partner Adam Moses. Other members of the Milbank team included Corporate associates Jason Anderson and Mark Vible, Tax partner Russell Kestenbaum, Tax associate Jules Mugema, Executive Compensation partner Mike Shah, Employee Benefits associate Kelly Bartley, Litigation & Arbitration Of Counsel Jane Hanson, and Intellectual Property Special Counsel Nathaniel Browand.

Nov 8

1 min

Milbank, Tweed, Hadley & McCloy LLP advised the Maloof family on their investment as founding partners in Black Knight Sports & Entertainment Holdco, the vehicle formed to acquire the Vegas Golden Knights National Hockey League (NHL) expansion franchise. Black Knight is majority-owned by its other founding partner, Mr. William P. Foley II, the Chairman of Fidelity National Financial and Black Knight Financial Services and the Vice Chairman of FIS.~~In addition, Milbank advised the Maloof family, as investors in Black Knight, in connection with Black Knight’s acquisition of the Vegas Golden Knights expansion franchise from the NHL in a transaction that closed on March 1, 2017.~~The Milbank team was led by Corporate partner Adam Moses. The team also included of counsel David Isenberg and associates Mark Castiglia and Jack Goodfriend. Tax advice was provided by partner Russell Kestenbaum.~~“We are very pleased to have advised the Maloof family in their work alongside Bill Foley on this landmark project to bring the first major professional sports franchise to Las Vegas, the Maloofs’ hometown,” said Milbank’s Mr. Moses. “This investment is a testament to the Maloofs’ and Mr. Foley’s commitment to Las Vegas and their dedication to the growth of a great sport. We wish them good fortune in authoring the first chapter of the Golden Knights’ history.”~~Mr. Moses also advised the Maloof family in their sale of the Sacramento Kings NBA franchise to a Sacramento-based investor group in a transaction valuing the Kings at $534 million, a then-record price for an NBA franchise. Also in the sports arena, together with Milbank Corporate partner Kenneth J. Baronsky, Mr. Moses advised Zuffa on its sale of Ultimate Fighting Championship in one of the largest transactions in the sports space to date.

Mar 6

1 min

Milbank LLP represented Willow Bay, Dean of the USC Annenberg School for Communication and Journalism, and Bob Iger, CEO of the Walt Disney Company, in connection with the acquisition of a controlling interest in Angel City Football Club (ACFC), the Los Angeles women’s professional soccer team. Ms. Bay and Mr. Iger will acquire the controlling stake in ACFC at an enterprise value of $250 million, making it the most valuable women’s sports team in the world and establishing a new era for investment in women’s sports. Ms. Bay will serve on and have full control of the ACFC Board of Directors, will serve as the Controlling Owner for National Women’s Soccer League, LLC (NWSL) purposes and will represent ACFC on the NWSL’s Board of Governors. Ms. Bay and Mr. Iger will invest an additional $50 million to support the club’s future growth. The transaction is subject to customary closing conditions, including the approval of NWSL. The Milbank team was led by Global Corporate/M&A partners Jason Anderson and Adam Moses and included Global Corporate/M&A associates Amy Wang and Jon Rodriguez. The team also included Executive Compensation and Employee Benefits partner Mike Shah and summer associates Evan Wainer and Eric Bazak.

Jul 26

1 min

Milbank LLP represented asset manager Brigade Capital Management, LP in connection with bridge funding to DigniFi, a leading fintech platform for the automotive industry, to support DigniFi’s growth. The Milbank team was led by Los Angeles-based Global Corporate partner Adam Moses and New York-based Global Leveraged Finance partner Spencer Pepper, along with associates Julia Wennberg, Andrew Park and Jeremy Gopin.

Jul 29

1 min

Milbank advised the (indirect) shareholders of Pamono GmbH (“Pamono”) on the sale of their entire stake to Chairish Inc. (“Chairish”) and a related roll-over of their investment into Chairish, respectively. Chairish is an American high-end home décor marketplace based in San Francisco. Pamono operates a major European marketplace with an inventory of more than 250,000 vintage and antique furnishings and art sourced from over 2,000 professional galleries. The combination of Pamono’s and Chairish’s businesses is expected to be highly synergistic. Milbank comprehensively advised Pamono shareholders on corporate and tax law aspects of the transaction. The Milbank Team was led by Sebastian Heim (Munich) and Adam Moses (Los Angeles, both Corporate/M&A) and included Matthias Schell, Arne Hammerich (both Tax, Munich), Mike Shah, James Beebe (both Executive Compensation and Benefits, New York), Max Goodman, Archan Hazra (both Tax, New York), John Garces (Corporate/M&A, New York), Maggie Chou, Sakura Kato (both Corporate/M&A, Los Angeles), Christina Beck and Sandra Feil (both Corporate/M&A, Munich).

Aug 5

1 min