Practice/Industry Group Overview
Edwards Wildman’s SBIC practice provides a full range of counseling services to SBICs in both the pre-licensing and post-licensing arena. Practice group members possess experience in this unique area of the law and work closely with lawyers from other practice groups within the firm, including corporate, securities, tax, employment, environmental and intellectual property. Many of these lawyers are certified public accountants, MBAs, or have significant outside business experience. We have worked with a number of venture capitalists to form Small Business
Our lawyers assist in the preparation and documentation of the Management Assessment Questionnaire ("MAQ"), License Application, Business Plan and related offering documents required in the licensing process. Our experience working with SBICs and our skills at offering innovative business solutions ensure that the licensing process will be managed efficiently and cost-effectively.
Our services continue after the license has been issued. Members of the Edwards Wildman SBIC practice group work with the SBIC in its ongoing investment activities and compliance obligations. We work with the newly licensed SBIC to structure, negotiate and document the investment, in order to meet its SBA compliance obligations and capitalize on its investment strategies. We take special pride in our excellent working relationship with the Small Business Administration (SBA) and the National Association of Small Business Investment Companies (NASBIC). Guided by the philosophy that whenever possible it is better to prevent a problem than deal with one after it arises, we strive to keep our clients advised of developments in this fluid field.
On the investment side, we also represent numerous venture capital firms, several of which have formed drop-down, or side SBIC, funds. We advise on the formation of investment vehicles and in structuring the inter-relationships among the investment vehicles, their investor partners and the portfolio companies. Edwards Wildman has particular skill in the structure, documentation and negotiation of investments in portfolio companies. Our venture capital clients also rely on us to assist in exiting their investments.
Venture Capital Practice
Edwards Wildman has developed substantial experience in private placements of securities. We act as issuer’s counsel in private placements for a number of corporations, partnerships and limited liability companies in a wide variety of industries including companies involved in e-commerce, biotechnology, manufacturing, distribution, health care and financial services. We assist entities in all stages of capital development from formation to later stage venture capital financing, initial public offerings and workouts.
Our lawyers also counsel a number of venture capital funds and private and institutional investors. Members of our venture capital group have been involved in all stages of investment activity on behalf of venture capital firms and investors, from structuring early-stage financing to implementing exit strategies.
Edwards Wildman’s corporate practice lawyers represent purchasers and sellers in the acquisition, recapitalization and disposition of businesses. Many of these transactions have involved special regulatory issues and innovative structures. Typically, our lawyers draft and negotiate acquisition or disposition documents, organize transaction structures, analyze tax implications, conduct due diligence and assist with other aspects of a transaction. We are prepared to accomplish all aspects of any given transaction necessary to meet our client's goals. We have also worked successfully with company counsel in completing selected aspects of transactions or in assisting with closing previously negotiated transactions.