DavidSikes

Partner

Silicon Valley + 1.650.687.4192 San Francisco + 1.415.875.5853

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David Sikes has more than 17 years of experience advising clients in the areas of mergers and acquisitions, corporate governance, and venture capital transactions. He focuses his practice on the representation of technology and life sciences clients. As an active and engaged participant in the Silicon Valley legal community, David has a deep understanding of the legal issues facing cutting-edge companies and their acquirors.

David assists venture capital funds and corporate venture capital arms on venture capital financings, primarily involving acquisitions of preferred stock or convertible debt. He also advises and counsels early-stage issuers in the areas of formation and financing. He has counseled acquirors and sellers in a variety of M&A transactions in private and public contexts, including mergers, tender offers, stock and asset acquisitions, and distressed companies. His corporate governance experience includes '34 Act filings and general corporate advice, and his capital markets experience includes private company equity and debt transactions and public company equity and convertible debt issuances.

David is a member of the Corporations Committee of the Business Law Section of the California Lawyers Association and a member of the board of directors of the Stern Grove Festival Association. He is a frequent speaker for WestEd's Financial Poise.

Experience

  • David Fischer sells Innovalog to AppfireJones Day advised David Fischer in the sale of Innovalog, an Atlassian Platinum Marketplace Partner behind Jira Misc Workflow Extensions, one of the best-selling workflow products for Jira that is used by teams around the world, to Appfire.
  • OVHcloud acquires EXTEN Technologies, Inc.Jones Day advised OVHcloud, a global cloud leader and the largest European cloud provider, in its acquisition of technology and certain assets of EXTEN Technologies, Inc., a U.S.-based storage software company specializing in NVMe over Fabrics.
  • CDPQ participates in $185 million Series G financing round of AppDirect, Inc.Jones Day represented Caisse de dépôt et placement du Québec in connection with its participation in the $185 million Series G financing with existing investors into AppDirect, Inc., which offers a subscription commerce platform for digital services.
  • Maxeon Solar Technologies completes offering of $200 million Green Convertible NotesJones Day represented Maxeon Solar Technologies, Ltd., then a wholly-owned subsidiary of SunPower Corporation, in connection with its Rule 144A offering of $200 million aggregate principal amount of 6.50% Green Convertible Senior Notes due 2025.
  • Lam Research completes $2 billion public offering of Senior NotesJones Day advised Lam Research Corporation, a global supplier of wafer fabrication equipment and services to the worldwide semiconductor industry, in connection with its underwritten public offering of $2 billion of Senior Notes, consisting of $750 million of 1.900% Senior Notes due 2030, $750 million of 2.875% Senior Notes due 2050, and $500 million of 3.125% Senior Notes due 2060.
  • KKR invests in ForgeRockJones Day represented KKR in connection with its investment in Series E Preferred Stock of ForgeRock.
  • Western Digital sells ActiveScale™ business to QuantumJones Day advised Western Digital Corporation's subsidiary Western Digital Technologies, Inc. in the sale of its ActiveScale™ business to Quantum Corporation.
  • Orange invests in YouverifyJones Day advised Orange in its $1.5 million investment in Youverify, an automater of identity and background verification processes, primarily serving financial and telecommunication service providers.
  • Western Digital sells IntelliFlash™ business to DataDirect Networks, Inc. (DDN®)Jones Day advised Western Digital Corp. in the sale of its IntelliFlash™ business to DataDirect Networks, Inc. (DDN®), a global leader in artificial intelligence (AI) and multi-cloud data management.
  • Western Digital acquires Kazan NetworksJones Day advised Western Digital Corporation (NASDAQ:WDC) in its acquisition of Kazan Networks Corp., a provider of industry leading NVMe™-over-Fabric (NVMe-oF) ASIC and adapter products for next-generation data center architectures.
  • ABB sells Intelligent Mining Solutions (IMS) to DatamineJones Day advised ABB Ltd. in the sale of its Intelligent Mining Solutions (IMS) business to Datamine, a wholly owned subsidiary of Constellation Software.
  • Huadong Medicine invests in R2 Dermatology and enters into distribution agreementJones Day advised Huadong Medicine Co. Ltd., a Chinese manufacturer and distributor of pharmaceutical and other medical products, in connection with its subscription of Series B Preferred Shares of R2 Dermatology, Inc., and the negotiation of a distribution agreement authorizing Huadong Medicine as an exclusive distributor in Asia for R2's skin whitening products.
  • Alven Capital, Index Ventures, Via-ID, and Bpifrance sell European platform Drivy to Getaround for $300 millionJones Day advised majority investor sellers (Alven Capital, Index Ventures, Via-ID, and Bpifrance) of Drivy, peer-to-peer car-sharing leader in Europe, in connection with its sale to Getaround for $300 million.
  • Lam Research completes $2.5 billion public offering of Senior NotesJones Day advised Lam Research Corporation, a global supplier of wafer fabrication equipment and services to the worldwide semiconductor industry, in connection with its underwritten public offering of $2.5 billion of Senior Notes, consisting of $750 million of 3.750% Senior Notes due 2026, $1.0 billion of 4.000% Senior Notes due 2029, and $750 million of 4.875% Senior Notes due 2049.
  • Cylance acquired by BlackBerry for $1.4 billionJones Day advised Cylance, an artificial intelligence and cybersecurity leader, in its $1.4 billion acquisition by BlackBerry Limited, plus the assumption of unvested employee incentive awards.
  • Smith & Nephew acquires Ceterix® Orthopaedics Inc. for up to $105 millionJones Day advised Smith & Nephew in its acquisition of Ceterix® Orthopaedics, Inc., the developer of a unique device that addresses complex meniscal tear patterns, for up to $105 million.
  • Seventure and CM-CIC Capital Privé sell majority stake in Presto Engineering to NewAlpha Asset ManagementJones Day represented Seventure Partners and CM-CIC Capital Privé in connection with the sale of a majority stake in Presto Engineering, a provider of industrialization and semiconductor manufacturing solutions in the industrial sector, to NewAlpha Asset Management.
  • Hitachi Vantara acquires REAN CloudJones Day advised Hitachi Vantara in its acquisition of REAN Cloud LLC, a global cloud systems integrator, managed services provider and solutions developer of cloud-native applications across big data, machine learning and emerging internet of things (IoT) spaces.
  • Rgenix raises capital in Series C roundJones Day represented Rgenix, Inc., a clinical stage biopharmaceutical company developing first-in-class small molecule and antibody cancer therapeutics, in connection with its issuance of $40 million of Series C Convertible Preferred Stock in a private placement to Lepu Medical, Oceanpine Capital and WuXi AppTec’s Corporate Venture Fund, Novo Holdings A/S, Sofinnova Partners, Alexandria Venture Investments, LLC, and the Partnership Fund for New York City’s Innovate NY Fund and associated entities.
  • LumaSense acquired by Advanced EnergyJones Day advised LumaSense Technologies Holdings, Inc. in its acquisition by Advanced Energy Industries, Inc.
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    October 2020 Commentaries

    California Mandates Representation of Underrepresented Communities on Boards of Public Corporations

    April 2020 Commentaries

    California Issues Executive Order Facilitating Virtual Shareholder Meetings

    October 2018 Commentaries

    California Mandates Female Directors for Public Corporations

    November 2017 Jones Day Publications

    Legal Issues Related to the Development of Automated, Autonomous, and Connected Cars

    Speaking Engagements

    • December 10, 2019
      Negotiating the M&A Deal, FinancialPoise Private M&A Bootcamp
    • October 15, 2019
      The M&A Process, FinancialPoise Private M&A Bootcamp
    • August 6, 2019
      Structuring and Planning the M&A Transaction, FinancialPoise Private M&A Bootcamp
    • April 5, 2017
      Common Deal Points: FinancialPoise/West LegalEdcenter
    • April 27, 2016
      M&A Private Company Bootcamp 2016 - Special Issues in Special Transactions: FinancialPoise/West LegalEdcenter
    • March 10, 2015
      Structuring and Planning the Transaction, FinancialPoise/West LegalEdcenter
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