Mintz Represents Management Team in $3.3B Investment Transaction

The Situation

Mintz represented the Chief Executive Officer and other senior executive officers of a leading global data and technology company in connection with a complex investment transaction of approximately $3.3 billion. We had previously represented the executive team in a transaction in which a private equity fund acquired the company.  

With this transaction, an affiliated investment fund of the current private equity fund redeemed its majority ownership interest in the company and, through a subsequent affiliated investment fund, purchased a minority interest in the new entity. As such, the current private equity fund was essentially a seller and the buyer (another private equity fund) often took positions contrary to those of the existing fund.

The Approach

The Mintz team represented our clients in complex and often contentious negotiations with both the selling and buying private equity funds, both of which were represented by large international law firms.

The Outcome

Representing the management team, we successfully negotiated several agreements, including management’s rollover investment agreement, the new operating agreement governing management’s rights as equity holders, the new equity incentive plan and incentive award agreements, and the employment agreements.