Cooley Advises ProteinSimple in $300 Million Sale to Techne Corporation

Palo Alto – June 20, 2014 – Cooley LLP announced today that it is advising ProteinSimple on its sale to Techne Corporation (d/b/a Bio-Techne) for $300 million. ProteinSimple develops and commercializes proprietary systems and consumables for protein analysis that ultimately help reveal new insights into the true nature of proteins. Techne Corporation is a global life sciences company providing innovative bioactive tools and resources for the research and clinical diagnostic communities.

The transaction is subject to the satisfaction of customary closing conditions and will be financed through a combination of cash on hand and a new revolving line of credit facility that Bio-Techne expects to obtain prior to the closing of the acquisition.

The Cooley corporate team advising ProteinSimple was led by partner and head of Cooley's medical device practice Mark Weeks and partners Sally Kay and Jamie Leigh, and included special counsel Brian Wheeler and associates James Allee and Sepideh Mousakhani. Critical support for the transaction was provided by partner Mark Windfeld-Hansen and associate Todd Gluth (tax); partner Renee Deming and special counsel Laura McDaniels (compensation & benefits); partner Erik Milch (intellectual property); partner Natasha Leskovsek (regulatory); partner Francis Fryscak (antitrust); and partner Danish Hamid and associate Rebecca Ross (international trade).

About Cooley LLP

Cooley's attorneys solve legal issues for entrepreneurs, investors, financial institutions and established companies. Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and bet-the-company litigation, often where innovation meets the law.

Cooley has more than 750 lawyers across 11 offices in the United States and China.


 

Related Contacts
Sally Kay Of Counsel, Palo Alto
Erik Milch Partner, Reston
Natasha Leskovsek Partner, Washington, DC
Mark Weeks Partner, Palo Alto
Renee Deming Retired Partner, Palo Alto
Mark Windfeld-Hansen Partner, Palo Alto
Rebecca Ross Special Counsel, Washington, DC
Jamie Leigh Partner, San Francisco
Sepideh Mousakhani Associate, Palo Alto
Todd Gluth Partner, San Diego