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Services Available
Private Equity
The Private Capital team represents our private equity fund clients in all aspects of portfolio company investments and acquisitions. This legal counsel includes structuring and negotiating acquisitions and the related financings, and addressing industry issues, management agreements and compensation packages. We bring together an experienced team, careful execution, and a solutions approach to our clients and their investment transactions. We advise our private equity clients on achieving liquidity goals from the initial investment to the exit event, with particular attention to corporate structure, asset value preservation and tax efficiencies.
Venture Capital
The size and experience of our Private Capital team was invaluable during the past decade of serving venture capital funds with a steady stream of fast-paced venture capital investments. We have represented early stage, mid-stage and sector specific funds in investments across the United States and internationally.
In the market environment that followed the venture capital activity of the late 1990s and into 2000, we assisted our venture capital clients in managing the issues of lower market valuations, scarce capital and slower growth.
Today, we are helping venture capital funds capitalize on new markets and technologies to identify orphaned technologies and revenue realization in existing portfolio businesses.
Private Equity & Venture Capital Experience
- Represented the management team of The Hillman Group with regard to equity rollovers and participation in a $511 million private equity buy-out.
- Represented the management team of Transdigm Inc. in connection with equity participation, rollover, and deferred compensation arrangements in a $1.3 billion sale to one of the country's largest New York based equity funds.
- Counseled Morgenthaler Ventures in the acquisition of MPI International, a subsequent add-on acquisition and the ultimate disposition of the combined group to First Atlantic Capital Ltd., a New York based private equity firm.
- Advised Blue Point Capital Partners, a Cleveland based private equity firm, in acquiring CSM Industries, a world leader in the production of powders and fabricated products made from molybdenum and tungsten. We helped CSM expand its business through several acquisitions, and then facilitated CSM's profitable sale to a German strategic buyer.
- Counseled the management of Borden Chemical in its $650 million sale by KKR to Apollo Management, advising them on replacement and /or termination of equity participation and other executive compensation arrangements
- Handled the $578 million cash sale of Interval International, a portfolio company of a major Chicago based private equity investment firm and a leading global company in the timeshare industry, to USA Interactive.
Fund Formation
Our Private Capital team represents funds of various sizes and structures in the formation and capital raising process. Our clients include venture capital and private equity funds, real estate and other sector specific equity funds, mezzanine funds, funds-of-funds and hedge funds. Our counsel includes advising on structure and terms, relationships with fund principals, securities compliance, tax and pension fund related advice and Investment Company Act and Investment Advisers Act compliance. Clients include well established private equity funds, first-time equity funds raising capital from $15 million to more than $100 million, REITs and hedge funds.
Company Counsel
Our Private Capital team represents early stage and middle market companies in their plans for growth and raising capital. Our client-by-client approach means we combine Baker Hostetler's decades of experience in the middle market with the goals and needs of each client. Our counsel includes capital formation, securities law compliance, debt finance, employment and benefits issues, tax structures, intellectual property, asset protection and multiple other matters. Our clients include technology enterprises, traditional manufacturing and distribution businesses, and retail, financial, service, software, media and entertainment sector businesses.
Special Activities
Baker Hostetler's commitment to the private capital community extends beyond that of legal advisor to participant.
- Hosting an annual program for Midwest based regional private equity and buyout funds.
- Sponsorship of a university affiliated, early stage technology incubator.
- Participation in corporate community supported $33 million early stage technology fund based in Columbus, Ohio.
- Partnering investor in Cleveland based middle market opportunity fund.
- Sponsorship of a Pittsburgh venture investing symposium.
Baker Hostetler supports such initiatives in major markets across the country.
About Baker Hostetler
Baker Hostetler lawyers help clients establish, maintain and protect market-leading positions across the United States and around the world. We offer clients the strength of 600+ lawyers in a full range of practices, a unique geographic platform including both the coasts and the center of the country, a deep knowledge of industry issues and a 90-year track record of excellence and achievement.
For more information about our Private Equity practice, contact:
Cincinnati
Eric J. Geppert
513.929.3405
egeppert@bakerlaw.com
Cleveland
Ronald A. Stepanovic
216.861.7397
rstepanovic@bakerlaw.com
Columbus
Henry P. Montgomery, IV
614.462.2637
hmontgomery@bakerlaw.com
Costa Mesa
Carl R. Steen
714.966.8803
csteen@bakerlaw.com
Denver
Dominic A. Lloyd
303.764.4101
dlloyd@bakerlaw.com
Houston
W. Robert Shearer
713.646.1391
rshearer@bakerlaw.com
Los Angeles
Carl R. Steen
714.966.8803
csteen@bakerlaw.com
New York
James A. Mercadante
212.589.4206
jmercadante@bakerlaw.com
Orlando
Jeffrey E. Decker
407.649.4017
jdecker@bakerlaw.com
Washington, DC
Janis M. Penman
202.861.1622
jpenman@bakerlaw.com
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