Private Equity

Heightened interest in acquisitions. Buyout firms eyeing strong businesses. Funds looking to invest in the next wave of technologies. Enhanced openness for firms to raise funds. What are you waiting for? Where do you stand and where do you want to stand? 

Mintz Levin has a long tradition of serving as trusted legal and business advisors to private equity and venture capital firms, investment companies, institutional and private investors, and other businesses seeking strategic expansion through investment in or acquisition of privately held and public companies. We have completed transactions varying in complexity — from simple acquisitions to intricate funding deals, from transactions involving single business units to complex, multistate, or international business operations.

We understand the challenges you face. Whether you are a fund looking to purchase, a family-owned business held for generations, or a larger public company, we work to apply our decades-long knowledge and know-how to your situation, concerns, and goals.

Quick Facts

  • 300+ growth equity transactions in the last five years with an aggregate value of over $2.7 billion
  • Domestic, cross-border, and international private equity transactions ranging from less than $20 million to nearly $1 billion
  • Regulated industries, including health care, information technology, and energy and clean technology
  • Represent private equity investors, venture capital–backed businesses, and other venture capital firms
  • Experienced in all stages, from early stage investments through multi-investor and late-stage financings, and IPOs
  • Initiate introductions for our private equity fund clients by leveraging our significant relationships with the limited partner community, executives, entrepreneurs, and business owners
  • Closely held and family-owned businesses, including ones owned for several generations
  • Private equity community connections, including investment bankers, accountants, and other advisors

Areas of Focus

  • Corporate transactions: M&As, joint ventures, commercial contracts, licensing, outsourcing agreements, international transactions, strategic alliances
  • Debt financing: Structure and negotiate senior and subordinated debt and equity financing
  • Employee, labor, and benefits counseling: Compensation agreements, noncompete protection, employee handbooks, immigration, union deferred compensation
  • Financings: Growth equity, venture financings, IPOs, alternative public offerings, private placements, debt and equity structures, cross-border financings
  • Fund formation: Private placement memorandums, limited partnership agreements, limited liability company agreements, investment advisory agreements, broker-dealer and investment advisor regulatory compliance
  • Government relations: Lobbying and federal regulations
  • Intellectual property: Patents, trademarks, technology transfer, privacy and security, copyright, licensing
  • Management arrangements: Design and document executive compensation plans, including complex equity and incentive arrangements
  • Tax structuring and advice: Structure transactions, minimizing tax on equity grants, ERISA matters
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Case Study: Firm Handles Private Equity Sale of Friedrich Air Conditioning for Corinthian Capital

Mintz Levin attorneys recently represented our client Corinthian Capital Group, LLC in the sale of Texas-based Friedrich Air Conditioning Co., Ltd., one of the private equity firm’s portfolio companies, to another New York–based private equity firm. Friedrich is the leading North American manufacturer of premium air conditioning products for the hospitality, commercial, and residential markets.

Stephen Gulotta, Head of the Corporate Section in the firm’s New York City Office, and Charlotte Edelman, a Corporate Member also in New York, led the firm’s cross-disciplinary legal team, which included counsel with significant experience handling private equity deals. The transaction was highlighted by a number of unique issues centered on the treatment of transaction expense tax benefits, special escrows, environmental matters, and third-party indemnities. In addition, because Friedrich’s primary manufacturing facilities are located in Mexico, the deal involved international legal and business considerations.

Mintz Levin has a long tradition of serving as trusted legal and business advisors to private equity and venture capital firms, and has completed hundreds of transactions for private equity sponsors and their portfolio companies in a variety of industries, including acquisitions (both initial and bolt-ons), sales, financings, recapitalizations, restructurings, and commercial agreements.

The lawyers in our Private Equity Practice have completed hundreds of transactions for private equity sponsors and portfolios in a variety of industries.

Representative Experience

  • Advised a health care and life sciences private equity firm on its acquisition of a pathology laboratory company.
  • Represented Frazier Healthcare in its acquisition of Orthotic Holdings Inc., a holding of Langer Biomechanics, Arizona AFO and The Orthotic Group, from majority owner, Incline Equity Partners.
  • Represented Piramal Healthcare Limited, an India-based drug company, in its acquisition of Decision Resources Group, a Massachusetts-based health care information data provider.
  • Represented Morgenthaler Private Equity in its recapitalization of United Pipe & Steel Corp., a leading independent master distributor of steel, copper and plastic pipe as well as conduit used in water/wastewater, irrigation, plumbing, electrical and infrastructure construction applications.
  • Represented a private seller in its sale to CAI Private Equity.
  • Represented Corinthian Capital Group, LLC in its acquisition of Friedrich Air Conditioning Co. Ltd., a Texas-based air conditioning company with a manufacturing facility in Monterrey, Mexico.
  • Represented DW Healthcare Partners in its investment in Med-Pharmex, Inc., a California-based pharmaceutical research, formulation, and manufacturing in the animal health industry.
  • Represented Cerberus Capital Management, a New York City-based private equity firm, in its $800M+ acquisition of the Caritas Christi Health Care system, a six-hospital non-profit system owned by the Roman Catholic Archdiocese of Boston. The firm served as local counsel on corporate, regulatory and reimbursement matters, including facilitating the completion of a purchase and sale agreement, Department of Public Health and Attorney General approval, and related matters.
  • Advised a US-based international private equity firm in properly structuring a complex risk program with regard to investment activity exposures, standardized indemnification agreements, and portfolio company risks.
  • Advised an insurance company management group in a private equity investment transaction.
  • Regularly advise the world’s leading private equity and hedge funds operating globally on all aspects of their indemnification provisions, liability exposures, and their D&O liability and other insurance programs.
  • Represent Beacon Health Strategies, a platform company of Diamond Castle Holdings, in its platform deal and numerous add-on acquisitions.
  • Represented a large private equity firm and advised on FCPA challenges arising in the use of third-party representatives in the African operations of a portfolio company.
  • Represented a private equity firm in one of the largest health care transactions to take place in Massachusetts. We negotiated to protect thousands of confidential and proprietary documents submitted to the Attorney General’s Office as part of its review and approval of the transaction.
  • Represented AMICAS, Inc. in its sale to a leading private equity fund followed by a topping bid from Merge Healthcare.
  • Represented Reveal Imaging Technologies, Inc. in its sale to Science Applications International Corporation (SAIC) on behalf of a premier investor group.
  • Represented Verathon, Inc. in its sale to Roper Industries, Inc. on behalf of DW Healthcare Partners.
  • Successfully appealed the decision of the Texas Attorney General to prevent the disclosure of a multibillion-dollar private equity fund’s confidential trade secrets to a direct competitor and former employee.
  • Represented a large private equity sponsor in the negotiation and documentation of the employment and equity agreements with management in connection with its purchase of a leading provider of business process outsourcing solutions.

Representative Clients

  • Bain Capital
  • Calera Capital
  • Clarion Capital Partners, LLC
  • Corinthian Capital
  • Council Capital
  • DW Healthcare Partners
  • Frazier Healthcare Partners
  • Gemini Investors
  • GreatPoint Energy
  • HealthpointCapital
  • Morgenthaler Private Equity
  • Palladin Consumer Retail Partners
  • TZP Group