Sonnenschein Represents Link_A_Media Devices in $22 Million Series B Funding
April 17, 2008
(MENLO PARK, Calif., April 17, 2008) — Sonnenschein Nath & Rosenthal LLP announced today that the law firm represented Link_A_Media Devices Corporation, a fabless semiconductor company focused on data recovery and transport technologies for storage devices, in its $22 million Series B funding. The funding round was led by AIG SunAmerica Ventures and additionally included financial investor KeyNote Ventures and strategic corporate investors NEC Electronics, Micron Technology, Inc., and Seagate Technology.
William Choe, a partner in Sonnenschein’s Corporate and Venture Technology practices who is based in the firm’s Silicon Valley office, led the deal, which closed in the first quarter of 2008. In addition to Choe, the Sonnenschein team included Corporate associate Sachin Adarkar and Intellectual Property & Technology partner Ed Marquette. AIG SunAmerica Ventures was represented by the WilmerHale.
“It was a multi-faceted and challenging deal, including conducting separate negotiations with the several strategic investors in addition to the venture capital investors,” said Choe. “We are pleased to have acted as legal advisor to Link_A_Media Devices in this very important transaction for them.”
According to figures reported in Dow Jones’ Private Equity Analyst, Sonnenschein’s Venture Technology Group was recently listed among the top 10 firms nationally for the number of venture capital deals closed in 2007.
About Link_A_Media Devices
Link_A_Media Devices was founded in March 2004 with a vision to develop custom, integrated system solutions on a chip for linking digital information within and across different media devices. Link_A_Media Devices is a leader in data recovery and data storage technologies. Its technologies in complex, mixed-signal processing and iterative error correction coding are capable of delivering the highest areal densities and yields, while reducing system power consumption. These advantages enable HDD and solid-state OEM’s to more effectively leverage their investments in media and sensor (head) technologies.
About Sonnenschein
At Sonnenschein, we are committed to providing the highest-quality legal and counseling services for all of our clients, all of the time. They include many of the world’s most admired businesses, nonprofits and individuals. Through integrated, inter-office teamwork, we help them to prosper and grow. For more information, visit www.sonnenschein.com.
Media Contact:
Melissa Anderson
Sonnenschein Nath & Rosenthal LLP
(213) 892-5025
mganderson@sonnenschein.com
