Burr Eckstut has left his position as co-head of Covington & Burling’s fintech initiative to hitch White & Case because the agency expands its mergers and acquisitions apply in New York.
Eckstut joins White & Case as a accomplice in its international know-how transactions apply and international M&A apply, the agency introduced Wednesday.
He’s labored with information aggregation platform Envestnet | Yodlee and digital foreign money platform Coinbase on information licensing issues, in addition to Sony Music in its funding in NFT Market Makersplace. Eckstut has additionally suggested BancAlliance and Stearns Financial institution on strategic partnerships involving fintech corporations and choices.
A lot of his apply sits on the intersection of a variety of what was separate practices, from licensing or growth agreements to know-how and IP parts of an M&A transaction to fintech, Eckstut stated in an interview.
“White & Case simply so occurs to be a agency that already had distinctive presence in all these areas,” he stated.
Eckstut, a former Willkie Farr & Gallagher affiliate, joined Covington in 2017 after serving as authorized division chief of workers and company counsel at Bloomberg LP.
Eckstut stated he’s been seeking to be part of greater, extra assorted and tougher M&A transactions, which he expects to seek out at White & Case.
In 2021, White & Case suggested on 512 offers price over $405 billion, inserting it among the many high regulation companies for M&A deal exercise, in keeping with Bloomberg Legislation information. To date in 2022, the agency has suggested on 49 offers price $8.3 billion, together with Warburg Pincus World’s $2.5 billion acquisition of Pharma Intelligence.
With know-how M&A unbroken to be one of the energetic sectors of the market, Ekstut’s addition of strengthens the agency’s international M&A apply “and underscores our dedication to a world-class know-how transactions functionality within the U.S.,” stated John Reiss, the top of White & Case’s international M&A apply in an announcement.
Eckstut is simply the newest addition to White & Case, whose income grew 20% in 2021 to $2.87 billion, in keeping with figures reported by the American Lawyer. Final week, the agency introduced on Proskauer Rose accomplice Vincenzo Lucibello as co-head of its U.S. personal credit score and direct lending group in Boston.
