Pillsbury client Quantum Corporation was honored at Corporate Secretary’s 15th annual Corporate Governance Awards gala in New York for the “Best Governance Around a Corporate Transaction.” The award recognized Quantum’s recent oversubscribed Rights Offering that raised $67.5 million and issued 30 million shares, which helped strengthen Quantum’s balance sheet and reduced the company’s debt. Brian Cabrera, Quantum’s Chief Administrative Officer led the transaction and worked closely with Pillsbury Corporate partner Jim Masetti.

Winners of the Best Governance Around a Corporate Transaction award are recognized for innovative and effective governance work executed before, during and/or after a corporate transaction.

In addition to Masetti, the Pillsbury team included Corporate partners Davina K. Kaile and Julie Park, and associates Juan Pablo Cordon and Grace Lee, and Tax partner C. Brian Wainwright. In addition to Cabrera, the Quantum legal team included Tara LaBree, Senior Director of Corporate Affairs.

Brian Cabrera commented, “Rights Offerings are still relatively rare for U.S. companies but allowed us to efficiently raise significant additional capital in a short amount of time. We are pleased to be recognized for keeping to the highest standards of corporate governance while taking an innovative approach and are grateful to have partnered with a stellar Pillsbury team to successfully execute this unique transaction.”

To learn more about Pillsbury’s advisement of Quantum Corp., click here.

Click here to see the full list of winners.