Morrison & Foerster LLP

Banking & Finance Department

Massachusetts
Current View:

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What the team is known for Recently opened financing practice offering strong lender representation across a variety of transactions in the tech and life sciences sectors. Frequently advises lenders in loans to venture capital-backed corporates in particular. Further noted for cross-border capabilities.

Strengths Clients report: "It is a strong global finance-focused organization, especially in the emerging technology and venture capital space."

Sources say: "They raise the points that need to be discussed on consequential issues early on."

Interviewees state: "They do a really good job of understanding that not every client is the same, and how they are different from one another."

Work highlights Represented an international bank as lender in connection with a $200 million capital call loan facility with several related parallel private equity funds allowing the funds to obtain loans to bridge capital calls, loans to the funds’ portfolio companies and letters of credit, each of which is available in eight currencies.

Notable practitioners

David Ephraim advises lenders in fund, mezzanine and acquisition financings among other facilities. He is particularly noted for his cross-border work. Commentators describe him as a "power player" in the fund financing space. Clients say: "He's fantastic; he's a great listener and a great businessman who is able to take very complicated matters and simplify them so people who are not attorneys can understand."