DLA Piper is pleased to announce that Global M&A Network recognized the firm with its Middle Market Restructuring Deal of the Year Award at the organization’s 11th Annual M&A Atlas Awards Gala.

The firm received the award for its representation of Raven Capital Management in its US$87.5 million acquisition of certain assets of Academy Award®-winning Hollywood studio Open Road Films. Open Road Films declared Chapter 11 bankruptcy in September 2018. DLA Piper’s Entertainment Finance and Restructuring teams, drawing upon their deep experience in media and entertainment finance, assisted Raven Capital in structuring and executing a creative acquisition transaction.

Robert J. Sherman, Finance partner and co-chair of the firm's Entertainment Finance practice based in Los Angeles, led the legal team for the deal and accepted the award at the gala, which was held in New York on October 24.