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Mr. Penman has spent his entire legal career at Brown Rudnick representing public and private corporations in a wide array of corporate transactions. Mr. Penman regularly represents foreign and domestic clients in connection with the acquisition and disposition of public and private targets in transactions valued up to $1 billion. Mr. Penman has structured numerous types of acquisitions including, auctions, LBOs, acquisitions and dispositions of product lines, divisions and businesses, cross-border transactions, earnouts, tax-free deals, and forward and reverse triangular mergers. Mr. Penman has extensive experience representing companies and investors in venture capital and private equity transactions, in addition to representing issuers in public offerings of their securities. Mr. Penman's industry experience includes high tech, biotechnology, in addition to manufacturing and service businesses, including financial services and marketing business.
Mr. Penman is a Managing Director of the Venture Capital Fund of New England (a SBIC Venture Fund) and the Chair of the Corporate Department at Brown Rudnick.
Representative Matters
o An SBIC venture fund in all of its investments with primary responsibility for structuring the terms of each investment.
o Acquisition of a division of a Fortune 100 company by a public foreign corporation, in order to establish its first U.S. operating subsidiary.
o Sale of a large private company to a Fortune 50 corporation.
o Recapitalization of a privately held company involving a $30 million venture capital investment and its subsequent sale two years later for $100 million to a Fortune 100 company.
o Representation of a biotechnology company in its licensing of its core technology and subsequent financing by a strategic investor.
o Representation of a biotechnology company in a licensing dispute and venture financing rounds.
o Representation of a foreign entity in its bid for a division of a Fortune 100 company and in subsequent disputes with its joint venture partner.
Bar Admissions & Memberships
o Admitted, Massachusetts and Rhode Island Bars
o Member, American Bar Association, Massachusetts Bar Association, Rhode Island Bar Association and the Boston Bar Association | 