Disruption and Innovation Group - TECH EXPERTS - DLA Piper
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TECH EXPERTS Disruption and Innovation Group
DISRUPTION AND INNOVATION GROUP
Introduction
Building on this expertise, DLA Piper
With a deep heritage in Silicon Valley and one of the
formed its Australian Disruption
most active technology practices globally, DLA Piper is and Innovation Group (“DIG”) –
a group dedicated to disruptive
a leading advisor to fast growth tech companies and
technology and to the transactions
investors in them. and legal support required to
maximise returns for our innovative
We advise many of the world’s best role internationally on tech mergers clients. The global expertise that
known fast growth tech companies, and acquisitions (M&A), tech DIG can draw on make DLA Piper
non-tech companies investing in equity capital markets and venture a preferred choice for fast growth
technology and leading venture capital transactions. We also have a tech in Australia.
capital funds and corporate venture well-regarded startup and corporate
funds. Our technology sector focus venture practice.
has enabled us to play a leading
Advising across the tech lifecycle
Startup Best Practice Fund Establishment Global Expansion
We advise entrepreneurs ESVCLP and corporate We advise on all aspects of global
on best practice across the startup venture fund experts expansion for tech companies,
lifecycle. We act for a number of from tax structuring through
unicorns, giving us invaluable to data protection compliance
insight into what is required to get and developing global growth
startups right strategies. We have more than
80 offices in over 35 countries
with leading tech experts in
all regions
Corporate Venture
Venture Capital
and Innovation
We act for leading funds globally
We are pre-eminent advisors to
and for companies raising capital
corporate venture and innovation
from VC funds
teams globally. We help build CV
teams and advise on all aspects of
CV strategy implementation
Tech IPOs
Combining strong tech expertise
Tech M&A
with a leading equity capital markets
We regularly advise on high profile
practice, we prepare entrepreneurs
and complex tech M&A in the
for the challenges of public markets,
Asia Pacific region, on both the buy
while continuing to support a lean
Intellectual Property side and sell side. We know what is
and innovative culture. We can draw
Strategy required to maximise an investment
on leading global venture capital
We can advise on all aspects return and mitigate risk
expertise and networks unavailable
of IP registration, protection
to other Australian firms. This can
and defence
enable VC funding to be explored
alongside an IPO
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Why DLA Piper
We have leading tech sector experts throughout our more than 90 offices
internationally. This enables us to understand best practice for fast growth tech
companies and has assisted us to become one of the most active advisors to
tech companies and tech investors in the Asia Pacific.
WE UNDERSTAND FAST GROWING WORLD LEADING M&A EXPERTISE
TECHNOLOGY BUSINESSES DLA Piper completes more M&A transactions than
DIG acts for technology sector clients, advising any other law firm (as ranked by Mergermarket for
startups, tech unicorns and leading Australian and the ninth consecutive year in 2019). We have well
US venture capital funds. This includes some of the developed term sheets, acquisition agreements
largest disruptors globally and the venture capital and due diligence precedents as a result, and
funds investing in them. This genuine domain these are tailored to a technology business for tech
expertise means we can quickly comprehend the M&A deals. We deal with transactions of all sizes
most important commercial and legal issues of on a day-to-day basis, and importantly we lead
fast growth tech clients and advise on global best the project management function where we are
practice trends and solutions. Most importantly, involved, regardless of the size of a transaction.
we understand disruptors well and we do not
create barriers to innovation –
rather, we tailor our advice
to best equip our disruptive
clients to pursue their fast
growth ambitions.
A STREAMLINED PROCESS FOR EQUITY AT THE FOREFRONT OF VENTURE CAPITAL AND
CAPITAL MARKETS CORPORATE VENTURE CAPITAL
We work closely with investment banks and DLA Piper works closely with the most active
accountants to advise on all legal aspects of equity venture capital funds in Australia and our
capital markets transactions in a streamlined corporate venture clients include many of the
manner. We prepare our clients to be well most active corporate venture investors in the
positioned for an IPO process so they are free to US. We have leveraged this experience to work
continue to focus on their business and on their closely with ASX 100 listed clients on best practice
growth strategy for post-listing. Our approach for corporate venture strategy development
adopts global best practice corporate governance and implementation.
and risk management frameworks, without
unnecessarily disturbing a startup culture and
entrepreneurship.
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DISRUPTION AND INNOVATION GROUP WE ARE FINTECH SPECIALISTS WE HAVE DETAILED BLOCKCHAIN EXPERTISE We have advised on many of the most significant We act for bitcoin payment platforms and traders, fintech capital raisings, corporate investments and blockchain builders, investors in blockchain startup establishments in Asia Pacific, including technology and financial services companies and advising peer to peer lenders, payments companies regulators seeking to address blockchain related and US multi-nationals on their expansion to the issues. We regularly advise on smart contracts, Asia Pacific. Our clients include On Deck Capital Inc, clearing and payment systems issues related to Global Payments Inc, the most active venture capital blockchain and how emerging technology like funds investing in fintech in Australia and many fast blockchain should be regulated. growth fintech companies. SOFTWARE AS A SERVICE, NETWORK EFFECTS, VIRTUAL REALITY AND IOT LEADERS We are thought leaders on emerging technology and focused on the legal issues associated with it. If our clients have a new or innovative idea or query, chances are our domestic or international lawyers will have advised on a similar matter. Where possible, we connect our clients with relevant experts, no matter where they are in the world, so you benefit in full from expertise that only DLA Piper can offer.
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Value added support
Our global footprint enables us to provide more than just legal advice. Some of the
key value we can add in support of our clients is detailed below.
Our investor network We can advise on opportunities and
DLA Piper has more than 150 venture capital challenges that new legislation brings for tech
lawyers in the United States and a leading venture companies and tech investors
capital practice in Europe and Asia. We can For example, we are experts on Australia’s
introduce our clients to a range of international innovation statement and Australian tax incentives
venture capital funds and corporate venture funds for early stage investments. We can also advise on
who are actively investing in the Asia Pacific region. similar tax incentives in Singapore and the United
Kingdom and on all tax matters in the United States.
We are also specialists on legal issues associated
with the internet of things and connected cars
We are a law firm built for global growth – we are able to leverage cutting edge expertise
We understand how important scaling globally is from our US practice, to advise governments and
to fast growth tech companies and we have built developers and users of this emerging technology.
our law firm in order to service the legal needs
of fast growth tech clients everywhere that they
operate. In particular, for many of our fast growth
technology clients, our colleagues always provide
Online resource ‘Accelerate’
a first port of call in a new jurisdiction, to make
Accelerate is DLA Piper’s dedicated online
introductions and to enable for easy navigation of
resource for entrepreneurs looking to be the next
a foreign compliance regime. We can also make
big thing. Through Accelerate, DLA Piper provides
introductions to banks, repeat entrepreneurs,
entrepreneurs with easy to read materials that
recruitment firms, PR firms and possible
clearly explain key legal and business issues every
nonexecutive directors in many jurisdictions and
founder of a company should know. Our materials
have done so with many clients with great success.
help founders learn about issues commonly
faced at formation; understand strategies for
protecting a company’s intellectual property
crown jewels; get a handle on the essentials of
Strategic partnerships
good corporate housekeeping and employment
We can often introduce our clients to strategic
and equity compensation considerations;
partnership opportunities internationally.
and consider key issues around fundraising
This includes an ability to introduce our clients
and liquidity. Our global platform positions us to
to leading corporate venture funds and to
provide resources that support global expansion,
leading tech multi-nationals. We regularly act
even for companies in the earliest stages.
for US and European listed or venture capital
We also offer tools that enable entrepreneurs to
backed companies in the process of expanding
generate commonly used documents for free on
to Australia, or looking for joint venture partners.
their own time in a self-service way.
Often we can connect our local clients with
these clients when they expand to Australia.
We can also introduce clients to startups, repeat
entrepreneurs and established fast growth tech
companies in Australia in different verticals and in
data analytics, ecommerce, SaaS, bitcoin and IoT.
These could be suppliers, sources of collaboration
or potential investment or acquisition targets.
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DISRUPTION AND INNOVATION GROUP
Australian tech M&A
We have advised on some of the most significant tech No.1 Global
M&A in the region, both on the buy side and sell side. Deal Volume
Mergermarket
2010-2019
Our recent Australian technology M&A experience includes the following:
Catapult Group Link Group Dimension Data
International Limited
Webjet Lincor Inc.
Home Away
OnDeck Capital Hewlett-Packard
Groupon Australia
Discovery
Data Republic Communications Credible Labs
Ezidebit Seek Limited
Australian tech IPOs and
captial raisings
DLA Piper advised on the largest differentiator in the Australian
initial public offer and listing on market from our competitors. Credible Labs
the Australian Stock Exchange in
Life 360
Australia in 2019 (the IPO and ASX In addition to having market
listing of Life 360) and we also leading ECM and tech expertise, Updater
advised on many equity capital we can also advise on global
LiveHire
market transactions undertaken by best practice for venture capital
tech companies of all sizes. and IPO-alternative fundraisings, TubeMogul
we know many of the most active
Unilife
With deep roots in the US and cornerstone investors into ASX
Australia, we are a natural choice for listed technology companies REVA
US companies looking to list on the and we have global capability to
Bidenergy
ASX and raise capital in Australia, quickly package up a 144A offering,
as well as US tech multinationals all further key differentiators of Audinate
entering the Australian market and our IPO capabilities. Recent tech
Buddy Platform
on their trans-Pacific strategies. clients who we advised on ECM
Our capability to service listed transactions include: Boohoo.com
clients of any size is a key
Ezidebit
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Venture capital and corporate
venture capital
DLA Piper is one of the most active advisors to venture capital and corporate
venture funds internationally.
In Australia, this includes acting Mirvac Ventures Squarepeg
for many of the most active local
Westpac Samsung
venture capital funds or their
portfolio companies and for US Telstra Ventures Intel capital
venture funds. We also work
Groupon Nike
closely with ASX 100 companies on
corporate venture and innovation Dell Scentre Ventures
strategies. Representative DLA Piper
One Ventures Yamaha Motor Co Ltd
clients include:
Blackbird Reinventure
Recent DIG clients
Startups
Movus OnDeck Capital Flare HR
Unlockd Open Pay Hyperanna
Class Pass LIFX Harmoney
Instaclustr Nabo Communities
BrickX Medipass
ASX listed tech
Webjet REVA Credible Labs
Catapult Group International Updater Top Betta
Limited
Buddy Platform Audinate
Seek Limited
Life 360
Global tech leaders
AOL EA Ezidebit
Groupon OnDeck Capital Link Group
Dimension Data Home Away
Global Payments WeWork
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DISRUPTION AND INNOVATION GROUP
Australian DIG team
Joel Cox Adrian Tan
Partner Partner
T +61 3 9274 5181 Sydney
M +61 435 595 470 T +61 2 9286 8633
joel.cox@dlapiper.com adrian.tan@dlapiper.com
Lyndon Masters Sarah Fountain
Partner Partner
T +61 7 3246 4007 T +61 3 9274 5256
M +61 423 880 062 M +61 414 968 444
lyndon.masters@dlapiper.com sarah.fountain@dlapiper.com
Marc Wilshaw Kelly Morrison
Partner Special Counsel
T +61 8 6467 6239 T +61 7 3246 4126
M +61 438 645 724 kelly.morrison@dlapiper.com
marc.wilshaw@dlapiper.com
Sinead Lynch Nicholas Boyle
Special Foreign Legal Counsel Partner
(admitted in England and Wales) T +61 2 9286 8479
T +61 2 9286 8296 F +61 2 9286 8007
M +61 466 029 131 M +61 481 438 160
sinead.lynch@dlapiper.com nicholas.boyle@dlapiper.com
Contact your nearest office
Brisbane Melbourne Perth Sydney
480 Queen Street 140 William Street Level 31, Central Park Level 22
Brisbane QLD 4000 Melbourne VIC 3000 152-158 St Georges Terrace No.1 Martin Place
T +61 7 3246 4000 T +61 3 9274 5000 Perth WA 6000 Sydney NSW 2000
F +61 7 3229 4077 F +61 3 9274 5111 T +61 8 6467 6000 T +61 2 9286 8000
brisbane@dlapiper.com melbourne@dlapiper.com F +61 8 6467 6001 F +61 2 9286 8007
perth@dlapiper.com sydney@dlapiper.com
About DLA Piper
DLA Piper is a global law firm We provide clients with trusted local Perth and Sydney who offer
located in more than 40 countries expertise and access to seamless full service capabilities to both
throughout the Americas, multijurisdictional legal capabilities Australian clients looking to expand
Asia Pacific, Europe and the across a full range of services their operations overseas, and
Middle East, positioning us to and sectors. In Australia, we have international clients looking to enter
help companies with their legal more than 450 lawyers based in the Australian market.
needs anywhere in the world. Brisbane, Canberra, Melbourne,
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DLA Piper is a global law firm operating through various separate and distinct legal entities. Further details of these entities can be found at dlapiper.com. This publication is intended as a general overview and discussion of the subjects dealt with, and does not create a lawyer-client relationship. It is not intended to be, and should not be used as, a substitute for taking legal advice in any specific situation. DLA Piper will accept no responsibility for any actions taken or not taken on the basis of this publication. This may qualify as “Lawyer Advertising” requiring notice in some jurisdictions. Prior results do not guarantee a similar outcome. Copyright © 2020 DLA Piper. All rights reserved. | 24 June 2020 | A03510
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