Michael Medveckus concentrates his practice in business and finance law. He is relied upon to provide practical problem solving skills for complex transactions. He serves a wide range of clients, from start-ups to publicly traded companies, in areas such as:
· private investment funds
· private placements
· joint ventures and other strategic transactions
· mergers and acquisitions
· structured finance
In the private investment fund area, Mr. Medveckus draws on nearly 20 years of broad securities and finance experience to guide fund sponsors through issues involving Investment Company Act exemptions, securities disclosures, private placement qualifications under the Securities Act and entity formation and governance. In this regard, Mr. Medveckus has developed and documented over a dozen private investment funds, consisting of real estate funds, buy-out funds, hedge funds and feeder funds. Mr. Medveckus is capable of assisting clients well beyond the formation stage with acquisitions, financings and dispositions.
Representative Matters
· Advised a specialty chemicals company in its acquisition of a division of a publicly traded competitor and also in a bid for a separate division in a bankruptcy sale.
· Advised a sophisticated securities trading company in a complex series of transactions involving multiple mergers, a tender offer, a $70 million venture capital investment, and ultimately a sale to a major worldwide financial services company.
· Formation of a $125 million small cap buy-out fund.
· Formation of two separate hotel acquisition and development funds.
· Formation of two separate funds focused on opportunistic redevelopment, renovation and repositioning of real estate projects in the Greater Philadelphia market.
· Formation of an early-stage venture fund.
· Formation of several funds feeding into SBIC funds, an educational company buy-out fund and other large private equity funds.
· Negotiated fast-paced PIPE transactions involving critical financing.
· Completed a $70 million sale of electronic parts manufacturer to a publicly traded buyer.
· Led a team representing a NYSE-listed manufacturing company in a critical, strategic sale of its multi-state building wire division.
· Guided two large public company clients through the process of securitizing trade receivables in transactions involving $175 million and $145 million, respectively.
· Closed acquisitions and sales of health care companies, mortgage and other finance companies, technology companies and manufacturers.
· Successfully represented a private investor group in leveraged acquisitions of several distressed manufacturing companies, including foundries, metal parts fabricators and commercial appliance fabricators.
· Counseled various start-up enterprises in structuring and financing.
Memberships
Philadelphia Bar Association
News
JULI B. INC. ACQUIRED BY MODERN LUXURY MEDIA
[Media Coverage]
July 21, 2008
Karen L. Corliss, Joseph T. Gulant, Henry M. Kuller and Michael J. Medveckus
Cases and Deals
CARS-DB4 IN PRIVATE PLACEMENT ISSUANCE OF $463.3M IN NET-LEASE MORTGAGE NOTES
[Deal]
December 23, 2010
Richard F. Williamson, Scott R. Smith, Pelayo Coll, Thomas E. Biron, Michael J. Medveckus, Joseph T. Gulant, et al.
CARS-DB4, L.P., a subsidiary of Capital Automotive L.P., in the private placement issuance of $463.3 million in Net-Lease Mortgage Notes secured by mortgage liens on 83 automobile dealership properties.
FORMATION AND CAPITALIZATION OF ELADIAN PARTNERS
[Deal]
October 29, 2010
Alan L. Zeiger and Michael J. Medveckus
Formation and capitalization (together with Technology Crossover Ventures) of Eladian Partners.
PURE EARTH IN A SERIES C PREFERRED STOCK OFFERING
[Deal]
December 2009
Alan L. Zeiger and Michael J. Medveckus
Pure Earth, Inc., a leading provider of sustainable recycling options for waste management, in a $1 million Series C Preferred Stock offering.
COMMERCIAL FINANCE FUND FORMATION
[Deal]
March 2009
Michael J. Medveckus, Daniel R. Blickman and Mary K. Stokes
Formation of a New York-based commercial finance opportunity fund for an undisclosed amount.
HANOVER FOODS AFFILIATE PURCHASES ASSETS OF TROYER POTATO PRODUCTS
[Deal]
December 29, 2008
Frederick D. Lipman, Margaret Anne Hill and Michael J. Medveckus
An affiliate of Hanover Foods Corporation purchases assets of Troyer Potato Products, Inc., for an undisclosed amount.
JULI B. ACQUIRED BY MODERN LUXURY MEDIA
[Deal]
July 21, 2008
Karen L. Corliss, Joseph T. Gulant, Henry M. Kuller and Michael J. Medveckus
Juli B., Inc. in its acquisition by Modern Luxury Media for an undisclosed amount.
PMC GROUP ACQUIRES CHEMTURA'S GLOBAL OLEOCHEMICALS BUSINESS
[Deal]
February 29, 2008
Alan L. Zeiger, Mathew S. Rotenberg, Michael J. Medveckus, Margaret Anne Hill and Heather L. Demirjian
PMC Group, Inc., in its acquisition of Chemtura Corporation's oleochemicals business, for an undisclosed amount.
DRA ADVISORS ACQUIRES 29 PROPERTIES FOR $245 MILLION
[Deal]
December 20, 2007
Martin Luskin, G. Craig Lord, Pelayo Coll, Barry Friedman, Samuel M. Walker, David M. Kuchinos, et al.
DRA Advisors LLC in its joint venture acquisition with Brandywine Realty Trust of 29 properties valued at $245 million.
AUTOMATED TRADING DESK SOLD TO CITIGROUP FOR $680 MILLION
[Deal]
October 3, 2007
Alan L. Zeiger, Michael J. Medveckus and Brian J. McTear
Automated Trading Desk (ATD) in its acquisition by Citigroup for approximately $680 million.
SYNOVA HEALTHCARE BUYS MAKER OF TODAY® SPONGE
[Deal]
January 16, 2007
Alan L. Zeiger and Michael J. Medveckus
Synova Healthcare Group Inc., in its purchase of Allendale Pharmaceuticals, Inc., for 15.5 million shares of Synova's common stock. Synova's private placement of 6.5% senior convertible promissory notes and warrants, worth $15 million.
$60 MILLION FINANCING FOR AUTOMATED TRADING DESK
[Deal]
January 5, 2007
Alan L. Zeiger, Michael J. Medveckus, Yelena M. Barychev and Brian J. McTear
Automated Trading Desk LLC in the private placement of series A preferred stock to Technology Crossover Ventures.