Christopher J. Rasmussen

Partner

Overview

Chris Rasmussen is a partner and business lawyer with Foley & Lardner LLP. He represents clients in transactional matters throughout all stages of the corporate life cycle, with a focus on mergers and acquisitions (M&A), joint ventures, securities, finance, corporate governance (including tax-exempt not-for-profit organizations), and general commercial transactions. Mr. Rasmussen represents clients across a range of industries, including financial services; insurance; sports, media and entertainment; food and beverage; technology; construction; health care; and manufacturing. He is a member of the firm’s Manufacturing, Sports, International, and Food & Beverage Industry Teams.

Representative Experience

M&A, Securities, and Finance Matters

  • Represented Chicago Bar Company, LLC d/b/a RXBAR in the sale of the company to Kellogg Company (NYSE: K)
  • Represented Club Automation, LLC in the sale of the company to Daxko Holding LLC
  • Represented a Fortune 500 financial services company in its acquisition of a dividend income-focused asset management firm
  • Represented a Fortune 500 manufacturer of building materials in multiple acquisitions of operating companies
  • Represented a Fortune 500 financial services company in its acquisition of a software company
  • Represented a multinational dairy and food ingredient cooperative in multiple acquisitions of dairy and food ingredient companies and assets
  • Represented Guggenheim Baseball Management, the group headed by Mark Walter, Earvin “Magic” Johnson and Stan Kasten, in the acquisition of the Los Angeles Dodgers, the largest transaction ever for a professional sports franchise 
  • Represented the Ricketts family in its acquisition of a controlling interest in the Chicago Cubs and Wrigley Field and a related ownership interest in a regional sports network, all through a complex leveraged partnership structure, the single largest transaction ever for a North American sports franchise 
  • Represented Rangers Baseball Express (the investment group led by Chuck Greenberg and Nolan Ryan) in its acquisition of the Texas Rangers, a complex transaction that culminated in the purchase of the club through a Chapter 11 bankruptcy auction
  • Represented a fertilizer company in the sale of its business to Central Garden & Pet Company (NASDAQ: CENT)
  • Represented a publicly traded financial services company in its acquisition of both a registered securities broker-dealer and a registered investment advisor
  • Represented a grocery company in the sale of certain supermarket facilities and related assets
  • Represented a number of hospital groups, physician ownership groups and private equity funds in the purchase and sale of (and investment in) hospital systems, physician-owned hospitals and ambulatory surgery centers
  • Represented both mature and early-stage issuers in connection with various equity and debt financing transactions and securities offerings, including non-public offerings under Rule 144A
  • Represented both borrowers and lenders in secured and unsecured credit transactions in a variety of industries

Additional Sports, Media, and Entertainment Industries Matters

  • Represented Guggenheim Baseball Management (the ownership group for the Los Angeles Dodgers) in the formation of American Media Productions, LLC (AMP), the related launch of the SportsNet LA regional sports network, and the related media rights agreement between the Dodgers and AMP, granting AMP the rights to air Dodgers games
  • Represented Rangers Baseball Express (the investment group led by Chuck Greenberg and Nolan Ryan) in its acquisition of the Texas Rangers, a complex transaction that culminated in the purchase of the club through a Chapter 11 bankruptcy auction
  • Represented an institutional lender in loan arrangements with professional athletes
  • Represented Chicago 2016 in its efforts to secure real estate use agreements for Chicago’s bid to host the 2016 Olympic and Paralympic Games
  • Represented MLB and NFL clubs in a variety of day-to-day legal matters, including matters relating to financing, consulting arrangements, general corporate matters, league compliance, and the negotiation of strategic joint ventures and various commercial agreements
  • Serving as outside general counsel to the Windy City Rollers (a member league of the Women’s Flat Track Derby Association), including advising the league on internal restructuring, general strategic counseling, and a variety of commercial transactions
  • Counseling numerous artists and producers in the fields of music, theater, animation, radio broadcasting, podcasting and streaming services and fashion design on a variety of legal matters, including corporate formation and governance, licensing, distribution, and the negotiation of a variety of commercial transactions

Recognition

Mr. Rasmussen was selected for inclusion in the 2015 Illinois Super Lawyers–Rising Stars® list.*

Affiliations and Admissions

Mr. Rasmussen is the 2017 – 2018 chair of the Chicago Bar Association’s Business Law Committee and a member of the ABA Task Force on Legal Project Management in Mergers & Acquisitions. He is also a member of the Sports Lawyers Association, the Business Law and Sports & Entertainment Law Sections of the ABA, and the Illinois State Bar Association. He is admitted to practice in Illinois.

Education

Mr. Rasmussen earned his law degree from the Indiana University Maurer School of Law in Bloomington (magna cum laude, Order of the Coif). He earned his undergraduate degree (Honors College, summa cum laude) and an M.B.A. from the University of Southern Mississippi.

Before joining the firm, Mr. Rasmussen was a judicial intern to the Honorable David F. Hamilton, who at the time was U.S. District Judge for the Southern District of Indiana (Judge Hamilton now serves on the U.S. Court of Appeals for the Seventh Circuit).

Non-legal Experience and Community Engagement

Before attending law school, Mr. Rasmussen worked for several years as a professional musician, arranger, and music teacher, and he spent two years as a stage performer with the Broadway, London, and United States touring productions of Blast!, a Tony- and Emmy-award-winning musical theater show. He remains active as a percussionist with the Northshore Concert Band in Evanston, Illinois, and he is a board member for both the Northshore Concert Band and Third Coast Percussion.

*The Illinois Supreme Court does not recognize certifications of specialties in the practice of law and no award or recognition is a requirement to practice law in Illinois. 

Representative Matters

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Foley represented Chr. Hansen AS in its 2016 acquisition of Guardian Food Technologies, LLC and Nutrition Physiology Holdings, LLC for $185 million.
Foley represented Health Care Service Corporation in the sale of 100% of the stock of Preferred Financial Corporation and Colorado Bankers Life Insurance Company to Southland National Insurance Corporation.
Representing investment group in its acquisition of a joint venture interest in a Minor League Baseball team from a private equity fund, with the other joint venture interest being owned by a Major League Baseball team.