Faegre Baker Daniels is the result of a 2012 combination of Faegre & Benson (based in Minneapolis) and Baker & Daniels (based in Indianapolis). The firm is Lex Mundi’s sole member firm in both Minnesota and in Indiana.
In Minnesota, the firm rehired Matthew Kuhn, a capital markets and M&A partner after he worked two years as vice president and assistant general counsel at Bluestem Brands. Earlier this year, Faegre’s Indianapolis office added M&A partner Brittney Sharp from Barnes & Thornburg.
Faegre Baker Daniels works across industries but does a lot of work within energy and natural resources, financial services, food and agribusiness, health and life sciences and private equity.
On the financing side, the firm focuses on lender and creditor side work primarily. The firm represents the likes of Wells Fargo and US Bank.
The firm also has an active capital markets practice, led by Jon Zimmerman in Minneapolis, and much of the work focuses on the equity side and is underwriter focused. Craig-Hallum, a Minneapolis based investment bank, is a frequent client of the firm on the underwriter’s side. The firm advised Craig-Hallum Capital Group as underwriter on stock offerings by Fusion, Leaf Group and Chembio Diagnostics. Additionally, the firm represented Craig-Hallum as underwriter in Aehr Test Systems' stock offer.
The firm also advised the underwriters on the IPO of Celcuity, a biotechnology company, and advised the underwriters on the IPO of ENDRA Life Sciences, a developer of photo and thermo-acoustic technology. On the issuer’s side the firm advised Tactile Systems Technology on a $125 million stock offer.
Though a lot of the firm’s work falls in the mid-market space, the firm can also be seen on high value M&A transactions. For example, the firm, led by Morgan Burns and Brandon Mason, advised HB Fuller, a global adhesives provider, on a $1.575 billion acquisition of Royal Adhesives & Sealants. The firm also advised Buffalo Wild Wings on Rock Capital’s $2.4 billion acquisition of Buffalo Wild Wings.
Faegre started practicing in Indianapolis in 1863, where it remains a deal-making leader. The firm’s Indiana team is especially known for its M&A practice, which – true to Faegre’s Midwestern roots – specializes in the manufacturing sector. However, the firm’s Indianapolis team also works on significant deals in the real estate, energy, agribusiness and life sciences industries. The team’s clients range from large corporations and private equity firms to family offices.
Taft Stettinius & Hollister is based in Cincinati and within Ohio also has offices in Cleveland, Columbus and Dayton. Outside of the state, the firm can be seen in Illinois, Delaware, Kentucky, Arizona and Indiana. Taft is a member of the Bridge Group, a network of 11 regional law firms in the U.S. and Europe, the Interlex Group, an association of 47 firms, across 155 cities in 61 countries and Lexwork International, a network of mid-sized independent law firms.
Taft’s Indianapolis office was formed in 2008 through a merger with local firm Sommer Barnard. Since then, the firm has continued to expand and has emerged as one of the top Indiana firms for M&A, banking and securities transactions.
The firm’s banking and M&A teams worked within a wide range of industries over the research period, often in connection with deals led by private equity firms. In one M&A highlight, the firm advised Strada Education Network on its acquisition of Economic Modeling.