When most people think of BMW, they picture sleek design, precision engineering, and the roar of a finely tuned engine.
But behind the scenes, far from the showroom floor, something entirely different is unfolding, something that doesn’t run on fuel, but on data.
It’s called AIconic. And it’s not just another automation tool.
This is artificial intelligence with a purpose: to think, analyze, flag issues, write documents, and in time - make decisions. Quietly, AIconic is transforming how one of the world’s top carmakers runs its global supply chain.
Built in Romania, Changing BMW Worldwide
This digital leap didn’t start in Munich or Berlin. It began in Cluj-Napoca, Romania, a booming European tech hub.
In 2024, BMW partnered with NTT DATA to launch BMW TechWorks Romania, a strategic move to develop advanced software and systems outside of its traditional strongholds.
Out of that collaboration came AIconic. From the start, it was clear this wasn’t just another enterprise tool.
AIconic quickly began handling over 10,000 internal data searches per month, serving more than 1,800 employees across BMW’s procurement operations.
And that was only the beginning.
Procurement isn’t glamorous. But it’s one of the most critical functions in the modern automotive industry. From evaluating suppliers and spotting inconsistencies to drafting tenders and managing risk, the process is complex, time-intensive, and often vulnerable to human error.
AIconic takes on that burden and streamlines it.
Instead of manually comparing bids, the system identifies discrepancies instantly. It generates complete tender documents using real-time internal and market data.
It highlights risks that might otherwise go unnoticed. And in many cases, it suggests next steps before employees even ask.
“This isn’t automation. This is acceleration,” one BMW executive said, describing the AI’s performance to date.
How AIconic Thinks
The secret lies in AIconic’s architecture. Rather than a single monolithic AI, it’s built from ten specialized agents, each responsible for a core task, from supplier data analysis to quality assurance and process optimization.
These agents work in harmony, forming a kind of digital brain.
They scan vast amounts of information, tailor responses to specific needs, and do it all with speed and consistency that even the most experienced human teams can’t match.
It’s not just about doing the work faster, it’s about making better decisions, earlier.
Tomorrow’s Supply Chain Assistant
Right now, AIconic supports human employees. But the long-term vision is far more ambitious.
BMW and NTT DATA are actively training the system to become a fully autonomous assistant, a proactive AI capable of analyzing global risks, drafting reports for executives, suggesting new suppliers, and identifying compliance gaps, all without human prompting.
It’s a bold move toward a future where procurement is driven not by reaction, but by prediction.
The world’s supply chains have become more fragile, more complex, and more unpredictable.
BMW’s investment in AIconic is a recognition that agility and intelligence are just as important as cost and speed in today’s global economy.
While other automakers are still trying to modernize their systems, BMW has quietly built a digital nerve center that adapts in real time and it all started in Romania.
Romania’s Growing Role in Automotive Innovation
Cluj-Napoca is no longer just an outsourcing destination, it’s a key player in BMW’s digital transformation.
BMW TechWorks Romania has become a vital development center, contributing to everything from procurement platforms and sales systems to factory automation and vehicle connectivity tools.
AIconic might not make headlines like a new electric concept car but its impact could be even greater.
By embedding intelligence deep inside its operations, BMW is becoming more than a car company. It’s becoming a tech-driven enterprise, capable of evolving in ways most manufacturers can’t yet imagine.
BMW TechWorks Romania is a joint venture between BMW Group and NTT DATA Romania, launched in 2024 in Cluj-Napoca. As BMW’s European IT hub, it develops cutting-edge software for procurement, production, sales, HR, and financial services. With plans to scale rapidly, the center plays a key role in accelerating BMW’s global digital transformation.
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Robbins Geller Rudman & Dowd LLP has filed a class action lawsuit against Elevance Health, Inc. (NYSE: ELV), claiming the company misled shareholders about mounting risks within its Medicaid operations, risks that ultimately triggered sharp drops in stock value.
The lawsuit, filed in federal court, focuses on revelations that emerged in mid-to-late 2024.
According to the complaint, Elevance Health failed to adequately disclose the impact of Medicaid eligibility “redeterminations”, a process that saw healthier individuals dropped from the program, leaving a population with higher medical needs behind.
As a result, the cost of care, referred to in the industry as “acuity” rose faster than anticipated.
The company’s guidance, however, reportedly did not reflect this shift, nor did its state-level rate negotiations.
On July 17, 2024, Elevance signaled to the market that it was “expecting second half utilization to increase in Medicaid,” citing higher demand across areas like home health care, radiology, and elective procedures.
That announcement alone shaved nearly 6% off the company’s stock price.
But it was the October earnings report that truly rattled investors.
On October 17, 2024, Elevance revealed it had missed Q3 earnings expectations by $1.33 per share, a shortfall of more than 13%, largely due to “elevated medical costs in [its] Medicaid business.”
The company also slashed its full-year EPS forecast from $37.20 to $33.00, citing continued pressure from Medicaid-related costs. The stock promptly dropped another 11%.
Elevance hadn’t just underestimated the problem, it had failed to warn investors in time.
Investors who purchased shares of Elevance Health during the relevant period and sustained losses now have a chance to take the lead in the legal action.
The deadline to file a lead plaintiff motion in the Elevance Health class action lawsuit is July 11, 2025.
Those interested in participating or learning more about the case can submit their information here.
Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities class action litigation, shareholder derivative actions, and consumer protection cases. Established in 1992, the firm has earned a reputation for its expertise in handling complex legal matters on behalf of institutional investors, individuals, and consumer groups. With a team of skilled attorneys, Robbins Geller is known for its dedication to securing justice and maximizing recoveries for clients, often representing those who have suffered significant financial losses. The firm has a history of success in landmark cases, and its attorneys are recognized as leaders in the field of securities litigation. Robbins Geller operates nationwide and has offices in major U.S. cities.
A Somerset man who ran a local tax preparation business pleaded guilty Thursday to knowingly filing false federal tax returns on behalf of his clients, deceit that federal prosecutors say racked up more than $550,000 in losses for the IRS.
Vito A. Pascarella, whose company offered tax services to individual filers in New Jersey and beyond, admitted in court that he intentionally submitted returns filled with bogus information.
According to prosecutors, Pascarella inflated wages, fabricated self-employment activity, and made up income and expenses tied to non-existent businesses, all in an effort to pad his clients’ refunds.
The fraud wasn’t a one-time incident. Over several tax seasons, Pascarella engaged in a systematic scheme, manipulating tax documents in ways that made his clients appear entitled to refunds or credits they hadn’t earned.
In many cases, he claimed that clients were small business owners when, in reality, they had no such operations.
Court filings suggest Pascarella’s operation wasn’t limited to a handful of clients. The cumulative damage to the IRS is estimated at more than $550,000.
Pascarella is due back in court on September 15 for sentencing. He faces a maximum of three years in federal prison, along with financial penalties, mandatory restitution, and a period of supervised release following any prison term.
The final sentence will be determined by a federal judge, who is required to consider federal sentencing guidelines but has some discretion based on the facts of the case.
In a joint statement, Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division and U.S. Attorney Alina Habba for the District of New Jersey confirmed the plea deal and underscored the seriousness of the offense.
Tax fraud costs the U.S. government billions annually. According to IRS estimates, the "tax gap" - the difference between taxes owed and taxes paid, was over $540 billion in recent years.
Tax preparer fraud is a known risk. The IRS warns taxpayers every year about dishonest preparers who falsify information to boost refunds or earn kickbacks.
Criminal penalties for tax fraud are serious. Convictions can lead to up to 5 years in prison, steep fines, restitution, and long-term damage to personal and professional reputations.
IRS Criminal Investigation investigates a wide range of financial crimes, including tax fraud, identity theft, and money laundering. In 2023, the agency initiated over 1,200 tax crime cases.
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Baker McKenzie Advises UOB Venture Management on Strategic Stake in Bien Hoa Consumer.
Baker McKenzie has advised UOB Venture Management (UOBVM), a wholly owned subsidiary of United Overseas Bank Limited, on its acquisition of a 12 percent stake in Bien Hoa Consumer Joint Stock Company (BHC), one of Vietnam’s fastest-growing consumer goods companies.
The deal makes UOBVM a significant shareholder in BHC and paves the way for a deeper strategic partnership.
Together, the two companies plan to roll out supply chain finance solutions across the agricultural value chain, aimed at increasing operational efficiency and long-term sustainability from farm to shelf.
The investment also provides BHC with the capital needed to accelerate its growth plans.
This includes the construction of a state-of-the-art food and beverage manufacturing facility and an expansion into naturally sourced, health-focused products, a category gaining strong momentum across Southeast Asia.
Speaking about the transaction, Seah Kian Wee, CEO of UOB Venture Management, highlighted the alignment between the two organizations’ long-term goals.
“We greatly appreciate BHC’s capabilities in developing clean, green, and natural product lines that align with fast-emerging consumer trends,” Seah Kian Wee said.
“We are confident in the long-term growth potential of Vietnam’s consumer and F&B sectors and look forward to working alongside AgriS and BHC to scale innovation, optimize supply chains, and prepare for strategic milestones, including a future IPO.”
Bien Hoa Consumer is a subsidiary of Thanh Thanh Cong - Bien Hoa Joint Stock Company, widely known as TTC AgriS, a leading name in Vietnam’s high-tech agricultural sector.
BHC has built a robust multichannel distribution network, reaching nearly 2,000 business clients and over 100,000 retail outlets and e-commerce platforms.
Its product portfolio ranges from organic sugar and functional beverages to cooking spices and specialized offerings for families and children.
“We’re proud to have supported UOB Venture Management in this landmark transaction,” Mr. Chung said.
“This partnership reflects not just confidence in BHC’s vision, but also a broader recognition of Vietnam’s position as a hub for sustainable, innovation-driven growth in Southeast Asia.
We’re excited to continue supporting UOBVM as they expand their regional investment footprint.”
Baker McKenzie’s advisory team was led by Partner Seck Yee Chung, supported by Special Counsel Le Thi Thanh and Associates Tran Quy An and Nguyen Trung Nguyen.
UOB Venture Management is a wholly owned subsidiary of United Overseas Bank Limited, specializing in private equity investments across Southeast Asia and Greater China. Established in 1992 and headquartered in Singapore, the firm manages over S$2 billion in assets and has backed more than 250 companies. UOBVM supports sustainable growth by offering strategic guidance and access to its regional network.
Baker McKenzie is a leading global law firm founded in 1949, with a presence in over 40 countries. With a team of 13,000 professionals, the firm advises corporations, governments, and institutions on complex legal matters across corporate law, litigation, tax, and more. Renowned for its cross-border capabilities and innovative approach, Baker McKenzie has handled over USD 600 billion in M&A transactions in the past five years, more than 65% of which span multiple jurisdictions. The firm is also recognized for its commitment to diversity, inclusion, and sustainable business practices.
On June 14, a date that commemorates both the 250th anniversary of the U.S. Army and the 79th birthday of former President Donald J. Trump, the streets of the nation’s capital are expected to swell, not only with tanks, soldiers, and fighter jets, but with thousands of protestors prepared to send a very different message.
In a show of political theater unprecedented in recent years, Trump and his allies are staging what they’ve dubbed a “patriotic celebration,” complete with more than 6,000 uniformed troops, 150 military vehicles, and a dramatic aerial flyover.
The event, organizers say, is intended to honor America’s armed forces. Critics, however, see something more troubling: a public spectacle designed to cement the image of Trump as commander-in-chief, long after leaving office.
But while the parade commands the headlines, another force is quietly gaining momentum and it’s aiming to steal the spotlight.
A Protest With a Purpose: ‘No Kings Day’
Born from frustration and sharpened by years of political tension, a broad coalition of advocacy groups is organizing a massive counter-movement under the banner “No Kings Day.”
It’s not just a protest, they say. It’s a rejection of the authoritarian imagery they believe the parade represents.
Organizers from groups including the 50501 Movement and Refuse Fascism say they’re mobilizing demonstrations in over 100 cities nationwide, with Washington, D.C. serving as the focal point.
Estimates suggest between 10,000 to 20,000 demonstrators will gather in Meridian Hill Park before marching toward the National Mall.
“It’s not about hating Trump, it’s about preserving democracy,” said Angela V., a volunteer coordinator in Maryland who’s helping coordinate buses into the city. “We can’t normalize tanks in the streets every time a former president wants a birthday party.”
Though the name “No Kings Day” may sound theatrical, the intentions behind it are serious.
Protestors plan to highlight what they see as Trump’s attempts to centralize power and glamorize military dominance, particularly during a time when the former president faces multiple indictments related to election interference, classified documents, and alleged abuse of power.
Celebration or Spectacle?
The official reason for the parade is the Army’s 250th birthday. It’s a milestone worth recognizing, many agree. But the optics of the event, scheduled precisely on Trump’s birthday, have left even some military officials uneasy.
The estimated cost, according to Pentagon sources, could climb as high as $45 million.
Questions have already emerged over whether that money could be better spent on VA services, military housing, or even rebuilding infrastructure damaged by previous military displays.
D.C. Mayor Muriel Bowser, while not opposing the parade outright, has voiced concerns about damage to city roads, especially if heavy tracked vehicles like tanks are used.
A similar event in 2018 left lasting damage to city infrastructure, prompting a quiet feud between local officials and federal planners.
Meanwhile, many veterans groups have distanced themselves from the event altogether. Some argue that true military honor is shown in care, not in pageantry.
Who’s Organizing the Protest?
The 50501 Movement, which takes its name from its ambitious goal of activating protests in all 50 states and the District of Columbia, has played a central role.
Launched in the final years of Trump’s presidency, the group quickly built a national presence by organizing resistance campaigns focused on civil liberties, racial justice, and climate action.
Refuse Fascism, another key organizer, brings a more confrontational tone. Its members describe Trump not just as a controversial political figure but as a symbol of creeping autocracy.
Their messaging is blunt, even provocative: “This parade is a warning. We refuse to be ruled by it.”
Despite differences in tone, both groups are united in purpose. They view June 14 as a moment of reckoning, not just for Trump, but for the country’s direction in the lead-up to the 2026 elections.
What to Expect on the Ground
The protest in D.C. is expected to begin early in the day, with demonstrators assembling at Meridian Hill Park before marching south toward Constitution Avenue.
Organizers say they’ve secured permits, legal support, and are coordinating with local authorities to ensure the event remains peaceful.
Rather than mirroring the pageantry of the military parade, “No Kings Day” events will feature art installations, musical performances, and “un-parades” designed to promote alternative visions of patriotism rooted in equity, democracy, and anti-militarism.
“We’re here to celebrate the people,” said José Mendez, a protest coordinator from Philadelphia. “Not the politicians. Not the billionaires. Not the tanks.”
Elsewhere, satellite protests are being planned in Los Angeles, Chicago, New York, Atlanta, Seattle, and dozens of smaller cities.
Many are being organized independently, using shared hashtags and toolkits provided by national groups but tailored to local issues.
– Trump’s 2019 Fourth of July “Salute to America” cost over $13 million and drew criticism for using military resources in a politically charged setting. The June 14 parade is expected to cost more than triple that amount.
– June 14 is not only Trump’s birthday, but also Flag Day in the U.S., a holiday that commemorates the adoption of the American flag in 1777.
– The U.S. military typically avoids political displays, and past Pentagon leadership has expressed unease about using service members in partisan events.
– Meridian Hill Park, the planned protest site in D.C., has a long history of political gatherings from civil rights rallies to anti-war demonstrations during the Vietnam era.
– The 50501 Movement takes its name from a symbolic goal: activating civic resistance in all 50 U.S. states and one federal district (D.C.).
– In 1939, Adolf Hitler held a lavish military parade on his 50th birthday in Berlin. Protestors have cited historical echoes of “leader-centered” parades as a reason for opposing modern displays of military power tied to a single figure.
– As of May 2025, Donald Trump is facing multiple felony indictments, including charges related to the 2020 election and mishandling classified documents—making the symbolism of the parade even more controversial.
Holland & Knight has welcomed tax attorney Jennifer Karpchuk as a partner in its Philadelphia office, where she will co-chair the firm’s State and Local Tax (SALT) Team.
Ms. Karpchuk’s arrival marks a significant step in the firm’s ongoing effort to deepen its national tax bench and expand its footprint in the Philadelphia market.
Jennifer Karpchuk joins from Chamberlain Hrdlicka, where she led the firm’s SALT practice and built a strong reputation for her work in both litigation and advisory roles.
She’s known for her hands-on approach to navigating complex state and local tax issues, including corporate income, franchise, gross receipts, personal income, and sales and use taxes, as well as real estate and business privilege tax matters.
“Expanding our SALT practice is a strategic priority, and Jennifer's deep experience in tax compliance and litigation as well as transactional planning makes her a standout addition to our team,” said Mark Melton, co-chair of Holland & Knight’s Tax, Executive Compensation and Benefits Practice Group.
“Her arrival in Philadelphia, where she is a leader in the local and state tax bars, is further evidence of our commitment to purposefully hiring top-notch legal talent in that market and beyond."
Widely recognized for her leadership in the tax law community, Ms. Karpchuk currently chairs the Philadelphia Bar Association’s Tax Section.
Ms. Karpchuk previously led the association’s State and Local Tax Committee and is a former chair of the Pennsylvania Bar Association’s Tax Section.
Also serving as vice chair of the American Bar Association’s SALT Committee, Ms. Karpchuk is an elected member of the Philadelphia Bar’s Tax Council.
Her name has regularly appeared in Chambers USA and The Best Lawyers in America since 2021, underscoring a national profile and reputation for excellence.
Speaking about the move, Ms. Karpchuk said the decision to join Holland & Knight was driven by the firm’s collaborative environment and commitment to client service.
“I'm thrilled to join Holland & Knight and contribute to the continued growth of its nationwide tax practice. The team's collaborative culture and entrepreneurial platform offer an exciting opportunity to expand state and local tax services for our clients. I look forward to working alongside such talented colleagues and making an immediate impact.”
Ms. Karpchuk earned her law degree from Temple University’s Beasley School of Law and completed her undergraduate studies at the University of Delaware. She is licensed to practice in both Pennsylvania and New Jersey.
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In a high-profile antitrust case, a federal jury in Delaware awarded Regeneron Pharmaceuticals over $405 million in damages, finding that Amgen Inc. illegally stifled competition and disrupted Regeneron’s business opportunities.
The verdict, delivered by a seven-member jury in the U.S. District Court for the District of Delaware, caps off a legal showdown that centered around drug pricing, market access, and what Regeneron described as anti-competitive bundling tactics used by Amgen.
Regeneron sued in 2022, claiming that Amgen unfairly tied its cholesterol drug Repatha to rebates on two of its blockbuster treatments - Enbrel, used for rheumatoid arthritis, and Otezla, a psoriasis drug.
Regeneron alleged that Amgen used its market power to bundle Repatha- its cholesterol drug, with rebates on other high-revenue medications, including Enbrel and Otezla, in a move aimed at keeping Praluent, Regeneron’s rival treatment, off insurance formularies controlled by pharmacy benefit managers.
Over the course of a seven-day trial, Regeneron argued that this strategy amounted to anti-competitive conduct that effectively excluded Praluent from the market.
The jury ultimately sided with Regeneron, concluding that Amgen violated federal and state antitrust laws and had unlawfully interfered with Regeneron’s prospective business relationships.
"Patients rely on the biotech industry to find solutions for their most urgent medical conditions. At Regeneron, we take this responsibility very seriously and are committed to delivering breakthrough therapies that improve patient lives.
To achieve this, companies must be able to compete fairly based on the clinical and economic value of their products. Larger companies should not be allowed to use anticompetitive tactics to push competitors out of the market," said Leonard S. Schleifer, M.D., Ph.D., Board co-Chair, President and Chief Executive Officer of Regeneron.
“Fair competition is critical as it expands patient access to life-changing therapies and drives innovation forward so we can continue to address the medical challenges of tomorrow.”
The damages breakdown included $135.6 million in compensatory damages, covering lost opportunities and business harm, and a further $271.2 million in punitive damages, underscoring what the jury found to be egregious and willful misconduct on Amgen’s part.
Regeneron is also set to recover attorneys’ fees, significantly increasing the financial impact of the verdict.
The litigation team for Regeneron was led by Jonathan Polkes, co-head of White & Case’s Global Litigation Practice, along with partner Adam Banks. Supporting them was a team of New York-based associates: Wyatt Smith, Logan Quinn, Saambavi Mano, Michelle Gemmell, and Michael Campbell.
Regeneron is a leading U.S. biotech company headquartered in New York, specializing in the discovery and development of medicines for serious diseases. Founded in 1988, the company uses cutting-edge technologies like VelociSuite and large-scale genetic research to drive innovation across areas including oncology, immunology, and rare diseases.
White & Case LLP is a global law firm known for providing high-quality legal services to clients across a broad range of industries. Founded in 1901, the firm has grown to become one of the largest international law firms, with offices in over 40 locations worldwide. White & Case specializes in complex legal matters, including banking and finance, mergers and acquisitions, capital markets, dispute resolution, and regulatory compliance. The firm represents multinational corporations, governments, and financial institutions, offering expertise in cross-border transactions, international litigation, and arbitration. White & Case is renowned for its deep industry knowledge, innovative solutions, and commitment to delivering results for its clients.
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A 35-year-old U.S. Army soldier has been indicted on deeply disturbing charges involving child sexual exploitation and the use of artificial intelligence to generate abusive content.
On May 14, a federal grand jury formally charged Seth Herrera, who previously lived in El Paso, with attempted sexual exploitation of a child and receiving child sexual abuse material.
The indictment, announced by the U.S. Department of Justice, follows a multi-agency investigation that spans years and crosses state lines.
According to federal court documents, Herrera is accused of not only downloading explicit material involving minors but also using AI tools to generate abuse images, allegedly based on children he personally knew.
Prosecutors say Herrera secretly took videos and photographs of minors undressing inside his own home in Texas.
These recordings, investigators claim, were later used to feed artificial intelligence programs capable of producing hyper-realistic sexual images of children.
This isn’t the first time Herrera has come under legal scrutiny. While stationed at Joint Base Elmendorf-Richardson in Anchorage, Alaska, he was previously charged with transporting and possessing child pornography, including AI-generated content.
Those earlier charges laid the foundation for what’s now become a wider federal case. Authorities believe Herrera’s alleged behavior may have spanned multiple years, beginning as early as 2021.
The latest indictment is being handled by the U.S. Attorney’s Office for the Western District of Texas, with support from the DOJ’s Child Exploitation and Obscenity Section (CEOS). Homeland Security Investigations (HSI) led the criminal probe.
The case falls under the umbrella of Project Safe Childhood, a nationwide DOJ initiative aimed at rooting out child exploitation online and offline.
“The use of artificial intelligence to exploit children adds a deeply disturbing dimension to an already heinous crime,” said Assistant Attorney General Nicole M. Argentieri of the Justice Department’s Criminal Division.
Herrera remains in federal custody. As of this week, no trial date has been set.
If convicted, he could face lengthy mandatory prison sentences. The charges carry severe penalties, especially in cases involving minors and the use of digital tools to create abusive content.
The investigation remains ongoing. Authorities are encouraging anyone with information related to Herrera or similar cases to contact Homeland Security Investigations.
Project Safe Childhood is a national initiative launched by the U.S. Department of Justice in 2006 to combat the rise in child sexual exploitation, particularly crimes committed through the internet and digital technology.
At its core, the program focuses on investigating, prosecuting, and preventing crimes involving the sexual abuse of minors.
The initiative brings together federal prosecutors, local and state law enforcement, and child advocacy groups to form a coordinated response to online child exploitation.
This includes working closely with agencies like Homeland Security Investigations (HSI), the FBI, the U.S. Marshals Service, and organizations such as the National Center for Missing & Exploited Children.
A major part of Project Safe Childhood involves rescuing victims, tracking down offenders, and strengthening legal responses to crimes such as the distribution of child sexual abuse material, child sex trafficking, and the use of technology to lure or exploit minors.
Over the years, the program has expanded to cover a wide range of child exploitation offenses, including those committed on tribal lands and involving military personnel.
Public education is also a key part of its mission, with campaigns aimed at helping parents and children stay safe online.
Through a mix of enforcement, victim support, and public awareness, Project Safe Childhood remains one of the Justice Department’s most important tools in the fight against child exploitation in the digital age.
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Global law firm Clifford Chance has advised Deutsche Bank AG and J.P. Morgan SE on the financing behind Infineon Technologies AG’s planned acquisition of the automotive Ethernet division of U.S.-based tech company Marvell Technology, Inc.
Deutsche Bank and J.P. Morgan acted as bookrunners and mandated lead arrangers, backing the purchase with a structured financing package.
The deal, announced earlier this year, includes Marvell’s Brightlane Automotive Ethernet portfolio, a suite of products widely used in connected vehicle networks as well as associated assets.
Clifford Chance fielded a Frankfurt-based team from its Global Financial Markets practice to support the transaction.
The group was led by partners Bettina Steinhauer and Simon Reitz, with counsel Christoph Nensa and associate Sebastian Wurm also advising.
The business being acquired is expected to generate between $225 million and $250 million in revenue during fiscal year 2026, according to estimates provided with the announcement.
The acquisition has already been greenlit by Marvell’s Board of Directors and is expected to close before the end of 2025, pending regulatory approvals and standard closing conditions.
In a statement, Marvell CEO Matt Murphy framed the sale as part of a broader strategic shift:
“Marvell has transformed itself into a leading data infrastructure solutions provider, with the data center end market driving 75% of consolidated revenue in the fiscal fourth quarter of 2025.”
The move gives Infineon, a global leader in automotive semiconductor technologies, a stronger foothold in the increasingly critical automotive Ethernet space, seen as a backbone for future autonomous and connected vehicle platforms.
While Marvell sharpens its focus on high-performance data center markets, Infineon is betting on the continued evolution of the automotive landscape, where Ethernet-based communication systems are poised to play a key role.
Marvell Technology, Inc. is a U.S.-based semiconductor company headquartered in Santa Clara, California. Founded in 1995, Marvell designs and develops high-performance chips that power data centers, cloud infrastructure, enterprise networks, 5G, and automotive systems. Led by CEO Matt Murphy, the company focuses on delivering energy-efficient solutions for next-gen data infrastructure.
Clifford Chance is a global law firm with over a century of history and a presence in 23 countries through 34 offices. A member of the prestigious Magic Circle, the firm is recognized for its deep expertise in banking, corporate law, finance, dispute resolution, and tax. It advises a broad spectrum of clients, including multinational corporations, financial institutions, governments, and not-for-profits by combining international best practices with local market insight. Known for its collaborative culture and forward-thinking approach, Clifford Chance delivers innovative, high-quality legal solutions across every major industry and sector.
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Greenberg Traurig has welcomed private equity specialist Tom Rodzoch as a shareholder in its London office, following a career spent entirely at Weil, Gotshal & Manges LLP.
Tom Rodzoch’s arrival marks a significant step in Greenberg Traurig’s ongoing push to expand its global Private Equity and Private Credit capabilities, particularly in London.
He joins the office’s Private Equity Practice, which launched in September 2024 under the leadership of Sava Savov.
The move also reunites him with Luke Lado, a fellow Weil alum who came onboard last November as a shareholder in the Banking & Financial Services group.
Mr. Rodzoch’s arrival marks the third shareholder hire in Greenberg Traurig’s London office this year, following the additions of Finance Shareholder Kevin-Paul Deveau in March and Infrastructure Shareholder Richard Ceeney in April.
In total, 13 shareholders have joined the London team since January, underscoring the firm’s sustained investment and growing ambitions in the UK legal market.
“We are very pleased to welcome Tom to the firm, joining from Weil, where he had spent his entire legal career. While many other firms increasingly resort to mergers, vereins, and other such structures which challenge culture, consistency, and financial discipline, we continue to build as we always have over the decades.
A unified and collaborative firm, strategically adding high-quality individuals and teams who embrace our core values of respect, trust, and empowerment” said Richard A. Rosenbaum, Executive Chairman of Greenberg Traurig.
“We have been actively executing our strategic commitment to the further expansion of our Private Equity and Private Credit practices across the United States and globally, and Tom is a welcome addition in London.”
Tom Rodzoch brings more than a decade of experience advising top-tier private equity sponsors on cross-border M&A, capital markets deals, restructurings, and general corporate matters. His practice spans both UK and international transactions, with particular expertise in high-value, time-sensitive deals.
“Tom’s arrival marks the next step in the ambitious expansion of our private equity and private capital capabilities in London and beyond.
Tom is a highly respected lawyer with deep experience advising sponsors on a variety of high-stakes transactions.
I am delighted to be partnering with him as we grow our differentiated, top-tier offering. We now have an outstanding private capital group across equity, finance, restructuring, and tax, and we will continue our growth both organically and by adding further first-rate talent.” said Sava Savov, Chair of the London Private Equity Practice.
In a statement, Mr. Rodzoch cited Greenberg Traurig’s entrepreneurial culture and international platform as major draws.
“Greenberg Traurig’s momentum in London and its integrated global platform make it a compelling place to build a modern private equity practice.
I am excited to join the firm and to collaborate with Sava, Luke, and my new colleagues as we unlock opportunities for our clients.”
Greenberg Traurig, LLP is a global law firm with more than 2,750 attorneys across 49 locations in the United States, Europe, the Middle East, Latin America, and Asia. Recognized as a 2024 BTI "Leading Edge Law Firm", the firm is celebrated for exceeding client expectations and consistently ranks among the top firms in the Am Law Global 100 and NLJ 500. Greenberg Traurig is proud to be Mansfield Rule Certified Plus by The Diversity Lab, highlighting its commitment to diversity and inclusion.
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