Represented eight venture funds in the sale of American WholeHealth, Inc., a portfolio company, for approximately $40 million.
Handled a closing for a $6 million equity raise (and simultaneous restructuring of debt) for Market Science, Inc., a leading edge health care information technology company. The equity investors included Edison Venture funds, Honeywell International, Inc., Master Retirement Trust, Zurich American Insurance Company and Phoenix Life Insurance Company, all existing investors.
Represented TL Ventures V, L.P. in connection with its $9 million Series A-D Preferred Stock investment in Mismi, Inc., a provider of an optimization-based portfolio matching securities trading platform, as well as in connection with the spin-off of Mismi, Inc. from Axioma, Inc.
Handled a series of transactions for a group of investors who purchased a substantial interest in Sivox Holdings, LLC, a customer call center training company. The transactions included the acquisition of an online training company servicing financial institutions and on the closing of a senior secured financing to finance the acquisition.
Handled a $10 million Series B financing for Aria Systems, Inc. by Hummer Winblad and Venrock Associates, two of the largest venture capital funds in the United States.
Handled TL Ventures purchase of $5 million of preferred stock of Square 1 Financial, Inc., a holding company and sole owner of Square 1 Bank, a commercial bank that provides banking service to venture capital funds and emerging growth companies.
Represented the principal owners of Sun Bank in connection with their $30 million PIPE investment in Sun Bank, as part of a $100 million aggregate investment led by Wilbur Ross, the billionaire fund manager.
Represented NewSpring Ventures II, L.P. in connection with its $4 million Series B Preferred Stock investment in Exegy Incorporated, a provider of ultra-high performance computing appliances that process and enhance market data for financial organizations.
Assisted a prominent local venture capital fund, NewSpring Ventures, in connection with its acquisition of a controlling interest in Network Communications Technologies, Inc., a North Carolina-based IT services firm, along with the related $5 million financing.
Representation of our client, the Brown family, in connection with their $30 million investment in Sun Bank, the largest bank in New Jersey, as part of a $100 million aggregate investment led by Wilbur Ross, a billionaire fund manager.
Represented Portico Systems of Delaware in its acquisition by McKesson Health Solutions, a subsidiary of McKesson Corporation (15th on the Fortune 500), for approximately $90 million. The firm represented this company since its formation and through multiple transactions, including several investments by Safeguard Scientifics and Edison Venture Fund.
Represented Folio Dynamics, Inc. in connection with its approximately $17 million Series B financing. The investors were ABS Capital Partners VI, LP, Edison Venture Fund VI, Cambrian Associates and Velocity Venture Holdings, LLC.
Represented TL Ventures VII, LP in connection with its $5 million preferred equity investment in Square 1 Financial, Inc., a holding company and sole owner of Square 1 Bank, a commercial bank that provides banking service to venture capital funds and emerging growth companies.
Represented a privately held high technology company in obtaining $8 million of preferred equity financing ($4 million investment from a multinational corporation and $4 million from a private equity fund).
Represented a network integration and consulting startup company in obtaining a $50 million preferred equity investment from a private equity fund.
Represented Beachbody, LLC, a leading marketer of health and fitness programs and products (i.e., P90X, Insanity) in the growth capital investment by LNK Partners.
Represented Morphotek, Inc., a biotech company, in multiple rounds of financing, including more than $40 million of venture capital financings from a group of prominent venture funds, including S.R. One, Limited, Forward Ventures, China Development Industrial Bank, Rock Maple Ventures, Burrill & Co., CB Health Ventures, and Flagship Ventures to the subsequent $350 million acquisition of Morphotek by Japanese health care research and development firm ESAI Corporation.
Represented shareholders of the largest Haitian Internet provider in sale of the company to a telecom private equity fund.
Represented U.S.-based investment fund in purchase of $20 million of common stock of Sweden-based Klarna Holding AB.
Represented a private equity investor in a $12 million investment in holding company for Chinese luxury auto dealerships.
Represented NewSpring Ventures III, L.P. in connection with its $15 million Series E Preferred Stock Investment in Ifbyphone, Inc., a provider of a voice-based marketing automation platform, to fund Ifbyphone’s acquisition of Mongoose Metrics, a provider of call tracking, measurement and attribution software solutions.
Represented Biomeme, Inc., developer of a patented, real-time PCR thermocycler device for gold-standard DNA analysis utilizing a smartphone, in connection with raising over $2 million in seed funding and related organizational, intellectual property and co-development agreements.
Represented Cloudamize, Inc., a provider of cloud-based resource optimization solutions, in obtaining over $2 million in seed funding from investors lead by MissionOG, a local early-stage venture capital firm.
Represented Genesis Health Ventures, Inc. (NYSE) in its: $1.4 billion cash acquisition of the Multicare Companies, Inc. (NYSE), $590 million acquisition (cash and equity) of Vitalink Pharmacy Services, Inc., $250 million acquisition of Meridian Healthcare, Inc. (private company), $235 million acquisition of Geriatric & Medical Companies (NYSE), $65 million acquisition of National Health Care Affiliates, Inc. (private company), $60 million acquisition of Neighborcare Professional Pharmacies (private company) and $60 million acquisition of McKerley Health Care Centers, Inc. (private company).
Represented Alerus Financial, N.A., a wholly owned subsidiary of Alerus Financial Corporation in its acquisition of Interactive Retirement Systems, LTD, who provides recordkeeping, consulting, and administration for 160 retirement plans and over 16,200 plan participants. With this acquisition, Alerus will serve more than 5,000 retirement plans with 278,000 plan participants in 49 states.
Represented NewSpring Capital in a $13 million investment in the Series A Convertible Participating Preferred Stock of SiteSpect, Inc. by one of NewSpring’s dedicated technology and business services growth funds, NewSpring Growth Capital III, LP. SiteSpect is a developer of website optimization platforms utilizing patented technology to enable online businesses to significantly improve key metrics such as conversion rates and revenue.
Represented the Vetri Family of Restaurants in connection with its sale to Urban Outfitters Inc. (URBN). Following the sale, Vetri will lead a food and beverage division for the global lifestyle retailer, positioning the Vetri Family brands for national growth as part of the Urban Outfitters family.