Mountain View, CA (February 18, 2014) – Fenwick & West is pleased to announce that partners Gordon Davidson, Jeff Vetter and Ted Wang have been named among “California's leading private equity and emerging companies lawyers” by the Daily Journal.
Start-up and venture capital partner Ted Wang “has worked with some of the world's most innovative startups – including Facebook Inc., Twitter Inc., Dropbox Inc., Sonos Inc., Path Inc., Flixster Inc., Square Inc. and Model N Inc., which went public this year,” according to the Daily Journal. Notable in 2013, the profile says, was his representation of Twitter during a private tender offer led by BlackRock and his representation of long-time client Model N through its initial public offering.
“To sum up how in-demand he is, one need only look at informational sharing site Quora, which has a thread titled: ‘How do we get Ted Wang of Fenwick & West to be our lawyer?’,” the Daily Journal added.
"I just love working with entrepreneurs," Wang told the Daily Journal. "People are always focused on deals, but I really like to help and mentor young companies."
The Daily Journal added that Wang “broke new legal ground” when he launched the “Series Seed” documents, a set of flexible legal and financial forms available at no cost to entrepreneurs to use in seed-stage deals. Wang’s goal with the documents was to streamline the seed financing process, making it easier for entrepreneurs to start a company.
"The idea was to give something back,” he said. “The startup community has been really good to me and I just wanted to help that ecosystem.”
Fellow honoree corporate partner Gordon Davidson worked on five initial public offerings and a $3.8 billion follow-on offering for client Facebook in 2013. He also represented Spreadtrum in its $1.78 billion going private acquisition by Tsinghua Unigroup Ltd., an affiliate of Tsinghua University, which Davidson compares to the “MIT of China” in the Daily Journal profile.
"There have been maybe 150 China IPOs over the last 10 years and, in the last two years, 20 or 30 of them have gone private," Davidson told the Daily Journal. "I think that there will be more of these Chinese-based companies reacquired by Chinese entities, either by the government or through private equity funds."
"It's an example of China becoming more of a sophisticated technology finance market," he added.
Co-chair of Fenwick’s securities and corporate finance group, honoree Jeff Vetter worked on seven initial public offerings in 2013, including Nimble Storage’s $168 million IPO, and two follow-on offerings, including Facebook’s $3.8 billion follow-on offering alongside Davidson. Vetter, who counts King.com among his client base, also worked with Davidson on Responsys' $1.6 billion acquisition by Oracle in December.
Regarding trends for 2014, Vetter told the Daily Journal, "There has been a lot of activity in the enterprise software space, particularly for companies with cloud offerings.” He added that he’s seeing a “healthy pipeline” of companies interested in going public soon.
"This is a good market for high-growth, high tech companies of good quality," he told the Daily Journal. "The market is quite robust."
About Fenwick & West
Fenwick & West provides comprehensive legal services to ground-breaking technology and life sciences companies at every stage of their lifecycle. We craft innovative, cost-effective and practical solutions for established and emerging companies on issues ranging from venture capital, public offerings, joint ventures, M&A and strategic relationships, to intellectual property, litigation and dispute resolution, taxation, antitrust, and employment and labor law. For more than four decades, Fenwick has helped some of the world's most recognized companies become and remain market leaders.