DLA Piper receives Distressed M&A Deal of the Year Award from The M&A Advisor for Open Road Films transaction

DLA Piper is pleased to announce that the firm received a Distressed M&A Deal of the Year award from The M&A Advisor in recognition of its representation of Raven Capital Management in its US$87.5 million acquisition of certain assets of Academy Award®-winning Hollywood studio Open Road Films.

DLA Piper was honored in the US$75 million to US$100 million category for its involvement in the transaction. Open Road Films declared Chapter 11 bankruptcy in September 2018. DLA Piper’s Entertainment Finance and Restructuring teams, drawing upon their deep experience in media and entertainment finance, assisted Raven Capital in structuring and executing a creative acquisition transaction.

Los Angeles-based partner Robert J. Sherman, co-chair of the firm's Entertainment Finance practice, led the legal team for the transaction.