Firm News

Kleinberg Kaplan Sells Logic, the Premier U.S. E-Cigarette Business, to Japan Tobacco Inc.

Firm News | May 1, 2015

Kleinberg Kaplan’s M&A Team of Christopher Davis, Jason Soncini and Tej Prakash, with tax assistance from James McCann and Neil Dubnoff, represented Logic Technology Development in its sale to Japan Tobacco Inc. Goldman Sachs was Logic’s financial advisor.

Logic is America’s premier e-cigarette brand, and the preeminent independent maker of electronic cigarettes in the U.S. This transaction demonstrates Kleinberg Kaplan’s skill in representing cutting edge entrepreneurial companies. We level the playing field when entrepreneurs sell to multibillion dollar public companies and private equity firms.

Links to articles reporting the deal are included below:

http://www.wsj.com/articles/japan-tobacco-to-acquire-u-s-electronic-cigarette-company-logic-technology-development-1430423065 (Subscription required)

http://www.bloomberg.com/news/articles/2015-04-30/japan-tobacco-operating-profit-falls-on-weak-sales-russia-ruble

https://uk.finance.yahoo.com/news/japan-tobacco-acquires-us-e-115500266.html

http://www.reuters.com/article/2015/04/30/us-japan-tobacco-m-a-logic-idUSKBN0NL0GV20150430

http://www.prnewswire.com/news-releases/jt-acquires-logic-the-leading-independent-us-e-cigarette-company-501787281.html

http://www.cspnet.com/category-news/tobacco/articles/japan-tobacco-acquires-e-cig-maker-logic

http://www.kamcity.com/namnews/asp/newsarticle.asp?newsid=80006