Kramer Levin Naftalis & Frankel LLP represented A-Mark Precious Metals Inc. in the transaction.
A-Mark Precious Metals Inc. (A-Mark) executed the acquisition of precious metals e-commerce platform JM Bullion (JMB) for $136.8 million. A-Mark executed a public offering of common stock, which closed on March 8, whose net proceeds partly financed the acquisition.
Founded in 1965, A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is a leading full-service precious metals company and wholesaler of gold, silver, platinum and palladium bullion and related products. JM Bullion is a leading online retailer of precious metals, headquartered in Dallas, Texas.
The Kramer Levin team advising A-Mark on the acquisition and equity offering was led by Corporate counsel Scott S. Rosenblum and partners Abbe L. Dienstag (Picture) and Eitan Tabak, and included associates Michael B. Cubell, Ilya Kontorovich and Dana Lyons; Privacy counsel Samantha V. Ettari; Tax partner Barry Herzog and associate Mariya Khvatskaya; Employment Law partner Robert N. Holtzman; Executive Compensation and Employee Benefits special counsel Avram J. Cahn; Technology and IP Transactions partner Harry Rubin; and Real Estate associates David Beiss and M. Mendel Trapedo.
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