Making M&A a Core Competency

Jeffrey Adelman, Vice President, General Counsel and Secretary, J2 Global, USA

For many companies, transactions involving acquisitions and dispositions of businesses (commonly referred to as mergers and acquisitions or M&A transactions) are extraordinary events that occur infrequently and require no in-house M&A expertise. These companies may rely exclusively on outside counsel to handle the legal aspects of the M&A transaction. However, for acquisitive companies, such as j2 Global, M&A transactions are ordinary and frequent. For these companies, the in-house legal team can provide both tangible cost savings and intangible value by handling much of the M&A-related legal work internally rather than having it handled by outside counsel. In an age of ever increasing pressure for the in-house legal department to deploy corporate assets efficiently, this provides an opportunity to demonstrate hard dollar cost savings on a recurring basis. Most important, the cost savings and intangible benefits in-house counsel brings to the deal is in the shareholders’ best interests, as it preserves limited corporate resources while increasing the odds of achieving the long-term transaction goals.

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USA Mergers & Acquisition IT November 2012 Vol. 6, No. 21, Autumn 2012

Jeffrey Adelman

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Jeffrey D. Adelman is Vice President, General Counsel and Secretary of business cloud-based services company j2 Global, Inc. (NASDAQ:JCOM), a position he has held since 2000. At j2, Mr. Adelman oversees all legal issues for the company and also is heavily involved in mergers and acquisitions - negotiating and closing 35+ deals - and international tax planning. Mr. Adelman was instrumental in building j2’s industry-leading patent portfolio and creating a $20+ Million patent licensing program. Prior to joining j2 Global, for seven years Mr. Adelman practiced corporate, securities and mergers and acquisition law with Michigan’s oldest and largest law firm, Detroit-based Miller, Canfield, Paddock & Stone, PLC. Mr. Adelman is a member of the state bars of California and Michigan and an active member of the Los Angeles Venture Association and the Southern California Tech Group. He also serves on the Board of Directors of Presbia Holdings, a developer and marketer of advanced ophthalmologic technology. Mr. Adelman received his B.A. in economics from the University of Michigan and earned his law degree from the University of Michigan Law School.

J2 Global

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j2 Global, Inc. provides cloud services to businesses of various sizes through the Internet worldwide. It offers online fax, virtual phone systems, hosted email, email marketing, online backup, customer relationship management, and bundled suites of these services. The company markets its services principally under the eFax®, eVoice®, FuseMail®, Campaigner®, KeepItSafe®, LandslideCRM® and Onebox® names. j2 Global, Inc. markets its services to various customers, including individuals, small to medium-sized businesses, large enterprises, and government organizations. j2 Global Inc. was founded in 1995 and is headquartered in Los Angeles, California.

USA Mergers & Acquisition IT November 2012 Vol. 6, No. 21, Autumn 2012
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