Portfolio Horizons
Private Equity
Contact:
Louis M. Rappaport
Linsey B. Bozzelli
Alan H. Lieblich
Brad L. Shiffman

Blank Rome’s private equity practice represents leading private equity funds and their portfolio companies, banking and financial institutions, and privately held businesses in structuring and implementing all types of sophisticated acquisition and financing transactions. Our attorneys use an integrated approach and draw upon the skills of attorneys with experience in ERISA, securities, tax, real estate, intellectual property, international trade, and environmental law to provide seamless service to our private equity clients and their portfolio companies. Our team focuses in particular on tax-advantaged structuring for both buyers and sellers in private equity transactions.

Relationships in Private Equity

Blank Rome has a long history of working with private equity firms, as well as with venture firms. With backgrounds in business and accounting, and experience at regulatory agencies such as the SEC, our attorneys provide a practical, business-minded approach to solving complex legal issues. We adopt a proactive approach to help our clients structure and implement all types of sophisticated acquisition transactions. As a result of our strong relationships with financing sources, and investment banks, we have the ability to make introductions and facilitate business relationships for our investor and private equity clients.

Select Blank Rome Private Equity Representations


 

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Select Engagements
  • AmQuip Corp., one of the nation’s largest providers of industrial crane rentals, sales, and related services, in its $320 million acquisition by Bard Capital Group, LLC, a private equity investment firm.
  • Automated Trading Desk, Inc. (“ATD”), a Technology Crossover Partners portfolio company, in its $680 million sale to Citigroup Inc.
  • Blue 9 Capital, LLC, a private equity fund that invests in middle market companies, in several transactions, including:
    • The purchase of a minority interest in Hirtle Callaghan & Co, a $20 billion Philadelphia-based asset manager specializing in outsourced chief investment officer services.
    • The acquisition of an equity interest in Running Subway, LLC, which creates, develops, produces, promotes and operates live theatrical and entertainment-based shows, events, exhibitions and attractions.
    • Blue 9 Capital, LLC, an ongoing shareholder in Five Below, the leading retailer of trend-right, extreme-value merchandise to the teen and pre-teen markets, in connection with Advent International’s investment in Five Below.
    • Blue 9 HairCare Fund, LP, in an additional equity investment in Sally Hershberger Professional Hair Care, LLC
  • DecisionOne Corporation, a portfolio company of Cerberus and Highland Capital and a provider of information technology maintenance and support, in connection with its $104 million acquisition by Glodyne Technoserve Inc., the US subsidiary of Glodyne Technoserve Ltd., a technology infrastructure management services company based in Mumbai, India.
  • Gladstone Investment Corporation (GAIN), a publicly-traded business development company, in several transactions including:
    • Cambridge Sound Management, Inc., a portfolio company of Gladstone Investment Corporation, in its acquisition of substantially all of the assets of Dynasound, Inc., a provider of sound masking and speech privacy solutions.
    • Its acquisition of The Mountain Corporation.  Based in Keene, NH, The Mountain Corporation is a leading provider of premium quality, bold artwear apparel serving a diverse global customer base.  Operating out of four primary locations, the Company pioneered a unique mottled dye technique and proprietary screen printing process to build an expansive portfolio of exclusive artwear designs.
    • A portfolio company of our client Gladstone Investment Corporation, Acme Cryogenics, Inc., in the sale of the company to private equity Group Graham Partners.  Acme Cryogenics, Inc., is a specialist manufacturer and supplier of valves and piping for ultra-cold gases and fluids.
    • Its investment of an aggregate of $11.4 million in a combination of debt and equity to purchase Logo Sportswear, Inc., a business unit of CafePress, Inc.  GAIN partnered with Digital Fuel Capital, a private equity firm focused on e-commerce and digital marketing, and Logo Sportswear's existing management team on the transaction.  GAIN formed various subsidiaries to effect the asset acquisition.
  • Hand and Stone Franchise Corp., a market-leading franchisor in the massage and facial spa industry, in its acquisition by Levine Leichtman Capital Partners, a Los Angeles-based private equity firm.
  • Harbour Group Industries Inc., a privately owned, operations-focused company based in St. Louis, Mo., in several transactions, including:
    • Flow Control Enterprises, Inc., a portfolio company of our client Harbour Group Industries Inc., in its acquisition of Seattle Metrics Inc., a Washington corporation that develops and manufactures flow meters for the irrigation, industrial, water, and wastewater end markets with a focus on electromagnetic meters (mag meters).
    • Gran Quartz, LP, a portfolio company of our client Harbour Group, in its acquisition of substantially all of the assets of Granite City Tool Company, a distributor of cutting tools, abrasives, and ancillary products for the stone cutting and monument industries. Gran Quartz is the country’s largest provider of tools, equipment, and accessories to the natural and engineered stone industry.
    • ONICON Incorporated, a portfolio company of our client Harbour Group, in its acquisition of all of the outstanding shares of Air Monitor Corporation, a California corporation, engaged in the business of designing, manufacturing, distributing, selling and servicing flow measurement devices, including air and coal flow measurement devices and air and coal flow control systems, as well as the financing related to the transaction.
  • J.F. Lehman & Company, a middle-market private equity firm focused on the defense, aerospace and maritime sectors, in a number of transactions, including:
    • Lake Shore Systems Inc., a newly formed portfolio company of our client J.F. Lehman & Company, in its acquisition of the heavy equipment and mining divisions of Oldenburg Group Incorporated. With roots dating back to 1858, Lake Shore designs, engineers, manufactures and supports complex, heavy equipment systems to meet mission critical requirements in harsh operating environments, including large deck handling equipment, access and lifting systems for U.S. Government vessels and customized underground mining equipment for mine owners and operators around the world.
    • Trident Maritime Systems, LLC, in its acquisition of Callenberg Technology Group from Wilhelmsen Maritime Services As. Callenberg designs, assembles, integrates, and supports HVAC, electrical energy management, and insulation systems for commercial and government vessels around the world.  Callenberg is headquartered in Gothenburg, Sweden and employs approximately 900 employees in 14 countries.
    • The $325 million sale of one of its portfolio companies, Atlantic Marine Holding Company, a leading provider of vessel maintenance, repair, overhaul and conversion services to government and commercial customers, to BAE Systems. We previously represented the company in the acquisition of Atlantic Marine.
    • Its acquisition of American Scaffold, a San Diego-based leading provider of scaffolding systems and environmental containment solutions for the maintenance, repair, and overhaul of U.S. Government vessels. J.F. Lehman & Company is a long-standing Firm client, and a leading middle-market private equity firm focused on the defense, aerospace, and maritime sectors.
  • L2 Capital, a lower middle market private equity firm that specializes in making equity investments in manufacturing, distribution and service companies, in its acquisition of Landfill Services Corp., an Apalachin, New York-based company that makes spray-on covers for landfills (the company has since been renamed LSC Environmental Products).
  • LLR Equity Partners, a private equity firm that provides capital to middle market growth companies with proven business models in a broad range of industries, in its joint acquisition, with Pouschine Cook Capital Partners, of Strategic Distribution, Inc., a provider of supply chain management solutions, from Platinum Equity.
  • NewSpring Capital, a long-standing Firm client and a leading middle market private equity fund with growth equity, healthcare, mezzanine debt, and buyout strategies, in several transactions, including:
    • Its acquisition of Altus GTS, Inc. Altus, which was purchased from French parent company, Natixis, is the nation’s largest and leading commercial debt collection agency, offering a host of accounts receivable management solutions for enterprise and small to medium-sized business clients. As part of the acquisition, the Blank Rome team also advised Evergreen Industries and Spring Capital Partners, who partnered with NewSpring in completing the deal.
    • X5 Solutions, a portfolio company of NewSpring Capital, in its add-on acquisitions of CornerStone Telephone Company, LLC and Novatel Ltd., Inc in February of 2016. We also represented NewSpring Capital in its platform acquisition of X5 Solutions, a provider of a wide range of telecommunications services and custom telecommunications solutions, in March of 2015.
  • PBM Capital Group, LLC, a private investment firm primarily focused on private equity, publicly traded securities, and special opportunities, in the capitalization of, and acquisition of assets by, GigaCyte, a novel stem cell research and drug discovery company.
  • SDI Health LLC, an LLR Partners portfolio company, in its acquisition of Verispan, LLC. The acquisition created one of the industry’s most innovative and comprehensive healthcare analytics companies. We also recently represented SDI Health LLC in its sale to IMS Health.
  • Susquehanna Growth Equity as lead investor in a $16 million preferred stock investment in PaySimple, Inc., a leading provider of accounts receivable automation solutions for small businesses.
  • Wedgewood Pharmacy, the largest U.S. compounding pharmacy specializing in animal health, addiction medicine, and urology, in connection with a majority equity investment by New Harbor Capital, a Chicago-based private equity firm. Wedgewood Pharmacy, based in Swedesboro, NJ, prepares customized medications for people and their pets when FDA-manufactured drugs cannot meet their needs. The company serves more than 36,000 prescribers and hundreds of thousands of patients throughout the United States. New Harbor Capital invests in lower middle market, growth-oriented business services, healthcare, and education companies.

Experienced Attorneys, Recognized in Their Fields

Our attorneys are frequent lecturers on topics related to private equity. We “wrote the book” on all aspects of valuing and selling businesses and capital formation. Titles penned and edited by our attorneys include: Valuing Your Business, The Complete Guide to Employee Stock Options, a guide to implementing a seamless, successful stock option plan; The Complete Guide to Valuing and Selling your Business; Financing your Business with Venture Capital, a roadmap to the intricate world of outside capital; and The Going Public Handbook.

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