Practice Areas & Industries: Choate, Hall & Stewart LLP

Practice/Industry Group Overview

"always provides work of the highest quality and successfully moves with the times" Chambers USA

Transaction Depth

Represented clients in over $30 billion in middle market M&A and investment transactions in the past five years. Formed one of first private equity funds in 1983 and have been a leader in private equity ever since.

Bench Strength

Over 50 lawyers in dedicated client teams. Lawyers throughout practice areas consistently receive national recognition for excellence.

Middle Market Focused

Focus on private equity funds in middle market transactions ranging from less than $20 million to nearly $1 billion.

Deal Coverage

In-depth deal coverage including acquisitions and sales, minority investments and recapitalizations, and all aspects of fund formation and capital raising.

National Recognition

• "Buyout Deal of the Year" award for 2005: Choate represented private equity seller (Buyouts Magazine)

• "Ranked in top 25 "Most Active Law Firms" worldwide based on number of private equity and venture capital deals negotiated and closed in 2006 (Private Equity Analyst)

• "Ranked in top 40 "Most Active Law Firms" worldwide based on number of private equity and venture capital funds worked on for general partners and limited partners that closed in 2006 (Private Equity Analyst)

National/International Reach

Handled private equity acquisitions and investments in 45 states and 27 countries.

Deal List

• $640 million sale of nursing home portfolio company, which was awarded "Buyout Deal of the Year" in 2006

• $600 million fund formation for healthcare venture capital firm

• $400 million fund formation for healthcare venture capital firm

• $350 million equity sale, redemption and recapitalization for technology company

• $270 million private equity merger and acquisition for technology company

• $250 million organization of structured investment program for venture capital firm

• $245 million sale of portfolio company for cash and earnout of women's shoe manufacturer

• $230 million acquisition of leading medical transcription technology and outsourcing services company for private equity firm

• $220 million leveraged buyout financing for private equity investor

• $220 million recapitalization for maintenance service provider for telecom equipment

• $200 million recapitalization for apparel company

• $200 million fund formation and general partnership for financial services firm

• $190 million asset sale of aviation maintenance information systems company for venture capital firm

• $180 million private equity merger and acquisition for media company

• $180 million cash sale for one of the largest national veterinary supply distribution companies

• $175 million follow-on public offering for large IT services firm providing services to various defense industries
• $160 million fund formation and buyout for private equity firm

• $160 million fund formation and mezzanine financing for investment firm

• $150 million fund formation and general partnership of retirement system for financial services firm

• $150 million fund formation for venture capital firm

• $145 million private equity merger and acquisition for telecommunications company

• $142 million private equity merger and acquisition of manufacturing company for venture capital firm

• $140 million fund formation for venture capital firm

• $127 million sale of dental services portfolio company for investor

• $125 million cash and registered stock merger for telecommunications company

• $125 million organization of structured investment program of retirement system for investor

• $125 million asset sale to medical information services company for leading publisher of business-to-business media

• $120 million stock-for-stock merger of two latex glove manufacturers

• $120 million stock-for-stock merger for medical devices company

• $115 million private debt offering, senior loan financing and mezzanine financing of retail company for investment firm

• $115 million merger and acquisition for telecommunications company

• $115 million acquisition of assets from telecommunications services company for private equity firm

• $110 million sale of division for healthcare publishing company

• $110 million partial sale and recapitalization of specialty magazine publisher for venture capital firm

• $102 million private equity merger and acquisition and leveraged buyout of agricultural company for investor

• $100 million asset acquisition of telecommunications company for investors

• $100 million management buyout of travel software company for private equity firm

• $100 million fund formation for financial services firm

• $100 million fund formation and structured investment program for investor

• $100 million establishment of structured investment program of retirement system for investor

• $100 million establishment of structured investment program of pension system for investor

• $95 million leveraged buyout of healthcare provider for investor

Industry Reach

Business services
Consumer products
Distribution
Family businesses
Financial services
Healthcare Manufacturing
Media
Publishing
Retail
Technology
Telecommunications

Clients:
3i, Avista Capital Partners, Boston Ventures, Capital Resource Partners, Grove Street Advisors, Halpern Denny, Heritage Partners, Highland Capital Partners, JMH Capital, Mainsail Partners, New England Capital, Parthenon Capital, Polaris Ventures, RFE Investment Partners, Riverside Partners, Summit Partners, Spectrum Equity, Windjammer Capital