Richard E. Climan is a partner in the Mergers & Acquisitions practice group in the Silicon Valley office of Weil, Gotshal & Manges LLP, where he focuses on negotiating and advising clients on all types of acquisition transactions and related matters, including mergers, divestitures, tender offers, defensive strategies, going-private transactions, hostile takeovers, proxy contests, leveraged buy-outs and cross-border transactions. He has handled some of the most prominent acquisitions in the technology and life sciences sectors over the past two decades.
Among the matters Mr. Climan has handled are:
- Oracle’s acquisition of Responsys for approximately $1.5 billion
- Illumina’s successful defense against Roche’s $6.2 billion hostile takeover attempt
- the sale of the Los Angeles Dodgers to a buyout group led by Guggenheim Partners and Magic Johnson for more than $2 billion
- the purchase by Synopsys of Magma Design Automation for more than $500 million and Coverity for approximately $375 million
- the sale of Blackboard to a private equity group led by Providence Equity Partners for more than $1.6 billion
- Dell’s acquisition of Compellent Technologies for approximately $1 billion
- Gilead Sciences’ acquisitions of Myogen for approximately $2.5 billion and CV Therapeutics for approximately $1.4 billion
Mr. Climan has been an active member of the M&A Committee, an international committee of the American Bar Association’s Business Law Section with more than 4,000 members, for more than 20 years, serving as Chair from 2002 to 2006 and currently as a member of the Committee’s Executive Council. He is also Co-Chair of the task force responsible for preparing and publishing the Dealmakers' Dictionary of M&A terminology. In addition, Mr. Climan has been appointed to serve on the Business Law Section’s Corporate Laws Committee.
Mr. Climan was included in The National Law Journal’s list of the 100 most influential lawyers in America. In 2014 and 2011, he was named one of the ten most highly regarded M&A lawyers in the world by the International Who’s Who of Merger and Acquisition Lawyers. He was also named one of the top 100 lawyers in California by the Daily Journal in 2010, 2011, 2012 and 2013. Mr. Climan is ranked in Band 1 for California Corporate/M&A in Chambers USA and is also included in Chambers Global; The Best Lawyers in America; and The International Who’s Who of Corporate Governance Lawyers.
Mr. Climan is a frequent speaker and lecturer on M&A-related topics. As a member of the adjunct faculty at UCLA School of Law and UC Berkeley School of Law, Mr. Climan has co-taught, with Chief Justice Leo Strine of the Delaware Supreme Court, a course entitled “Real World M&A.” He is the former Chair of the Securities Regulation Institute (presented in Coronado), and Co-Chairs the ABA’s annual National Institute on Negotiating Business Acquisitions.
Other programs on M&A issues that Mr. Climan has co-chaired include:
- “The West Coast Technology M&A Forum” (presented in Northern California by Law Seminars International)
- “The International Institute on Mergers & Acquisitions” (presented in Paris by the American Bar Association)
- “Technology Mergers & Acquisitions Institute” (presented in New York and Silicon Valley by Glasser LegalWorks’)
- “Doing Deals” (presented in San Francisco by the Practising Law Institute)
Mr. Climan’s other past speaking engagements include: the Tulane Corporate Law Institute in New Orleans; the Institute on Corporate, Securities, and Related Aspects of Mergers and Acquisitions in New York City; the Corporate Counsel Institute in Chicago and San Francisco; the University of Texas Mergers and Acquisitions Institute in Dallas and Houston; the Asia M&A Forum in Hong Kong; and the University of Texas Technology Law Conference in Austin. He has also participated in M&A-related presentations at Harvard, Columbia, Stanford and the University of Virginia Law Schools. Mr. Climan has lectured to the staff of the Securities and Exchange Commission on public company acquisitions, and has appeared as a commentator on CNBC's nationally broadcast “Squawk Box” program and on Bloomberg News.
In addition to his experience in the acquisitions arena, Mr. Climan has experience in corporate finance, securities, corporate governance, joint venture and general corporate matters. He is a member of the Program Advisory Board of the Harvard Law School Forum on Corporate Governance and Financial Regulation, and is also a member of the Fellows of the American Bar Foundation.