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Michael Patrone

Partner
About

Michael’s practice focuses on all aspects of mergers and acquisitions (M&A). He represents domestic and foreign entities, boards of directors, special board committees, private equity sponsors, and investment banks in public and private company transactions, tender offers, joint ventures, reverse mergers, transactions with special purpose acquisition companies (SPACs), cross-border transactions, private investment in public equity (PIPEs), minority investments, shareholder activism and governance disputes, financial advisory matters, and general corporate matters.

Michael’s clients span a wide range of industries, including life sciences, biotech, biopharma and pharmaceuticals, technology, software and software as a service (SaaS), healthcare, financial services, digital currency and blockchain, digital infrastructure, and telecommunications. Michael also represents top-tier private equity and venture capital funds, hedge funds, family offices, and multi-strategy investors, as well as their respective portfolio companies, in acquisitions, sales, and financings. Additionally, he represents leading financial institutions with their work on some of the world’s largest M&A transactions.

Bar admissionsFloridaNew York
Education
  • J.D., Harvard Law School
    cum laude
  • M.S., Accounting, University of Florida
    Beta Alpha Psi
  • B.S., Accounting,University of Florida

EXPERIENCE

  • A commercial-stage biopharmaceutical company with its USD3.9 billion sale to a global science and technology company
  • A medical risk-assessment company with its pending sale to an asset management company in an all-stock transaction that values the company at approximately USD1.34 billion
  • An enterprise software company with its USD1.7 billion sale to a global private equity firm and a sovereign wealth fund
  • A clinical-stage biopharmaceutical company with its USD13.1 billion sale to a global biopharmaceutical company
  • A global biopharmaceutical company with its acquisition of a global pharmaceutical and healthcare corporation’s biosimilars business for cash and stock valued at approximately USD3.335 billion
  • A cloud communications company with its acquisition of a cloud-based customer communication platform in an all-stock transaction valued at approximately USD3 billion
  • A genomic profiling company with its USD5.3 billion sale to a Swiss multinational holding healthcare company
  • A software company in its strategic partnership with an industrial automation and digital technology company, and in securing a USD1 billion equity investment
  • A virtual imaging technology company with its USD218 million sale to a leading manufacturer of display technologies
  • Investors in a SaaS company for the investment management industry, with the company’s USD1.5 billion sale to a SaaS fintech company and related USD30 million tax receivable agreement (TRA) buyout
  • Investors in a web application security company with the company’s USD775 million sale to a cloud computing company
  • A SaaS fintech company with its TRA buyout
  • A private equity firm with its USD1.6 billion take-private acquisition of a computer security company
  • A leading multinational information technology company in the USD7 billion spin-off and merger of its enterprise services business with a multinational IT services corporation to form a multinational IT services and consulting company
  • A medical technology company with the sale of its blood screening business for USD1.85 billion to a global healthcare company
  • A timeshare company with its USD2.2 billion sale to a leading asset management firm
  • A multinational company that operates, franchises, and licenses lodging brands in its USD12.2 billion acquisition of a global hospitality company
  • A biopharmaceutical company with its abandoned USD54.8 billion sale to a pharmaceutical company
  • A German private multinational conglomerate and a major book publishing company in the merger of the publishing company with a leading global publishing company
  • A Chinese multinational conglomerate with its USD2.6 billion acquisition of a leading movie theater chain
SPAC transactions and reverse mergers
  • A clinical-stage biopharmaceutical company with its strategic review process and take-private by a US life sciences company
  • A clinical-stage biotechnology company with its business combination with another clinical-stage biotechnology company
  • A digital therapeutics company with its business combination with a SPAC
  • A SPAC in a transaction valued at approximately USD1.6 billion
  • An additive manufacturing company with its business combination with a SPAC in a transaction valued at approximately USD2.1 billion
  • A healthcare SPAC with its business combination with a biotechnology company in a transaction valued at approximately USD1.1 billion
  • A value-based primary care provider with its business combination with a SPAC in a transaction valued at approximately USD5.9 billion
  • Existing investors in an AI-powered accounts receivable company with its business combination with a SPAC in a transaction valued at approximately USD2.5 billion
  • A clinical-stage biopharmaceutical company with its business combination with a SPAC in a transaction valued at approximately USD1 billion
  • A SPAC with its de-SPAC process
  • Investors in a biotechnology company’s business combination with a SPAC in a transaction valued at approximately USD17.5 billion
  • Investors in a radiopharmaceutical company’s business combination with a SPAC in a transaction valued at approximately USD924 million
Financial institutions
  • A hydrocarbon exploration company’s USD22.5 billion sale to an oil and gas company
  • A financial technology corporation’s USD4.5 billion sale to a private investment firm
  • A private equity investor firm’s USD1.1 billion acquisition of its external manager, a financial advisory firm
  • A leading global satellite operator’s USD5 billion low-Earth orbit satellite project
  • A major energy company’s USD9.1 billion acquisition of a diversified energy holding company

Publications

Michael is a frequent speaker on matters related to corporate governance, M&A, SPACs, corporate finance, and securities law.

Prior Experience

Prior to joining DLA Piper, Michael was a partner in the Technology/Life Sciences and Private Equity business units, as well as a member of the Public M&A/Corporate Governance practice, for a major AmLaw 200 international law firm.

Memberships and Affiliations

  • Executive Board Member, Harvard Business Law Review
  • Executive Board Member, Harvard Journal of Law & Public Policy