Valerie Truong

Notable transactions on which Valerie has assisted include:

Technology and IP Transactions

• Advising clients on various technology and IP transactions matters, including for: Amazon.com, Inc. (e-commerce), Facebook, Inc. (social media), Oculus VR, LLC (virtual reality technology), WhatsApp Inc. (messenger service), Apple Inc. (Apple Pay, a mobile payment and digital wallet service), JUUL Labs, Inc. (electronic vaporizer), Axio Global, LLC (cybersecurity risk management), Alticor Inc. (direct sales) and others.
• Nurix Therapeutics, Inc., a company researching novel therapies that control degradation of disease-causing proteins, in a potentially $2.5 billion global strategic collaboration deal with Sanofi to discover, develop and commercialize a pipeline of innovative targeted protein degradation drugs for patients with challenging diseases in multiple therapeutic areas.
• Ambrx, Inc., a clinical stage biopharmaceutical company using an expanded genetic code to create bio therapeutics, in its collaboration with Sino Biopharma to develop two products enabled by Ambrx’s proprietary non-natural amino acid incorporation technology platforms.  
• Plexxikon Inc., a drug discovery and development of novel, small molecule pharmaceuticals company, in a license agreement with cancer biotech company Novellus to research, develop, manufacture and (should it gain approval) exclusively sell worldwide the early clinical-stage BRAF-inhibiting compound PLX8394 for the treatment of solid tumors known as PLX8394. 

Technology and IP Support in M&A Transactions

• Salesforce.com, Inc. in its $1.33 billion acquisition of Vlocity, Inc., an industry-specific cloud and mobile software provider.
• Symplr Software, Inc. a provider of cloud-based healthcare governance, risk management, and compliance solutions backed by Clearlake Capital Group, L.P. and SkyKnight Capital, in its acquisition of ComplyTrack, a provider of healthcare regulatory risk and compliance solutions. 
• Thoma Bravo, LLC and Ellie Mae, Inc. in connection with Ellie Mae’s acquisition of Capsilon, a cloud-based imagining and collaboration solutions provider for the mortgage finance industry.
• HMS Holdings Corp. in the acquisition of Accent, a payment accuracy and cost containment business, from Intrado Corporation for $155 million.
• Foundation Medicine, Inc., a portfolio company of Hoffman-La Roche, Inc., in its acquisition of Lexent Bio, Inc., a precision oncology company developing novel multiomics liquid biopsy platforms to advance cancer care.
• Palo Alto Networks, Inc. in its $420 million acquisition of CloudGenix Inc., an industry-leading cloud-delivered SD-WAN provider.
• Palo Alto Networks, Inc. in the acquisition of Aporeto, Inc., a machine identity-based microsegmentation company, for total consideration of approximately $150 million.
• Vector Capital Corporation in its sale of CollabNet, an agile development and DevOps company, to TPG Capital.
• Aflac Incorporated in its purchase of Zurich North America’s U.S. group benefits business, consisting of group life, disability and absence management products.
• OMERS Private Equity Inc. in its acquisition of Community Vet Partners, a network of animal hospitals, from Cortec Group.

Capital Markets

• The RealReal, Inc., an e-commerce luxury consignment company, in its $345 million initial public offering of common stock.
• Cambium Networks Corporation, a wireless broadband solutions company, in its US$65.9M initial public offering of 5,800,000 ordinary shares.

Emerging Companies/Venture Capital

• VenBio Partners LLC on its $37 million Series A investment in Aeovian Pharmaceuticals Inc. to advance its selective mTORC1 inhibitor, AE116, through to a Phase II trial in an undisclosed rare CNS disease, and prepare its next candidate for Phase I testing in an aging-related disorder.
• TokenVault, Inc., a single platform solution for digital asset investing and trading provider, in the sale of its assets to a new entity.
• Cadence Design Systems, Inc., an electronic design automation software company, in its strategic investment in Green Hills Software, an embedded safety and security software company.

• Valerie is involved in Sidley’s Emerging Enterprises Pro Bono Program, which provides free legal support to eligible small and medium-sized for-profit enterprises and market-focused NGOs and non-profits that have a clear social impact in developing countries across Africa, Asia, Central and South America and the Caribbean.
• Advised a regional foodbank in launching its first online ordering platform. Northern Illinois Food Bank, a member of Feeding America, is the source of nutritious food, innovative feeding programs, and hope for more than half a million people each year.

• Vietnamese American Bar Association of Northern California, Vice President