Private Equity

What our clients say:

  • "They handle very complex transactions and do great work. They're my go-to firm … no matter how busy they are, they always prioritize my needs and they always deliver."

  • "It's a great, deep corporate group with wonderful lawyers."

  • "[Practice group leader David Barkus] is a smart lawyer who knows what's important and what's not, and will get a deal done. … David will fight for his clients."

Source: Chambers USA (2022 guide)

Gears

Overview

We know that our clients look to seize every possible opportunity to maximize returns and growth. We understand the challenges that a market flush with cash presents, including significant competition for sourcing quality deals, contentious negotiations and tight deal deadlines.

As longtime trusted advisors to funds, portfolio companies, family offices, independent sponsors and other investors, Holland & Knight attorneys advise clients in all aspects of private equity investment strategies, with a particular focus on middle-market deals.

In the past year, we've advised more than 30 clients in over 100 transactions across 15 industries.

We Get It

You're looking for value and results. And that includes your legal team.

We're your unlimited partners. We know where the pain points are in deals and the difference that having world-class counsel – and service – can make. That's why we put our full force behind every transaction, no matter its size. Our commitment shows, with Bloomberg ranking us among the Top 20 law firms in the U.S. for mid-market transactions in its Global M&A Mid-Market Legal Advisory Rankings.

You'll always get our "A-Team," with lead or hands-on partner involvement, in-depth legal knowledge, deep industry experience and middle-market rates.

Our value proposition – designed to meet your legal and business needs:

  • Limited Partner Prospects. Connecting our contacts to capital.
  • HK Deal Flow℠. Tapping long-standing relationships throughout the banking, financial and legal communities, our unique HK Deal Flow℠ program supplements deal-sourcing strategies, opens doors and generates leads before they hit the market. Since its inception in 2017, this proprietary program has successfully sourced more than 900 deals and facilitated nearly 2,000 introductions for program participants.
  • Predictable, Affordable Pricing. Our rates are more reasonable than many other firms. We know the importance of cost certainty in your legal spend and can create alternative fee arrangements that work for everyone.
  • Perspective: We Know Your Industry. Our collaborative, industry-focused teams draw on Holland & Knight's vast resources to create synergies and give you a deeper understanding of complex issues. We stay on top of the relevant trends and identify opportunities to help your business move forward. Working in tandem, our attorneys develop creative, tax-efficient structures to help you acquire and finance companies across a broad range of sectors, including:
    • consumer products
    • energy
    • financial services
    • government contracts
    • healthcare and life sciences
    • technology
    • transportation
    • manufacturing and industrials
  • Protection. We are a market leader in advising representation and warranty (R&W) insurance underwriters. We regularly purchase R&W policies for buy-side clients, structure transactions for our sell-side clients to require the buyer to purchase R&W insurance, and advise insurers in underwriting policies and adjusting claims. This helps us to eliminate or greatly reduce escrows, holdbacks and other post-closing indemnification obligations. Our work for underwriters also gives us a 360-degree view of the private equity market and best practices – an advantage we pass along to you.
  • Powerful Complementary Services. When you need other, related services, we have colleagues ready to help.
    • Fund Formation: Our Private Investment Funds Team helps clients create domestic and international private investment funds.
    • Dispute Resolution: One of the largest litigation teams in the U.S. is ready to protect your interests in court and through various forms of alternative dispute resolution, including arbitration.
  • Proximity. With approximately 1,700 lawyers and professionals in 30 offices, we can do the deal, wherever your interests take you.

Start-to-Finish Advice

We'll collaborate with you to deliver effective, efficient strategies throughout the investment life cycle:

investment life cycle graphic

Our private equity attorneys can assist with:

  • leveraged buyouts (LBOs)
  • minority investments
  • dividend recapitalizations
  • transactions with multiple equity sponsors
  • acquisitions from bankruptcy and other distressed investments
  • negotiating restructurings and workouts
  • joint ventures
  • "going private" transactions
  • carve-out or spin-off transactions
  • special-purpose acquisition company deals (SPACs)
  • private investment in public equity deals (PIPEs)
  • employee stock ownership plans (ESOPs)
  • debt and equity financings

Clients

Recent select matters include:

  • Represented Polaris Alpha Holdings LLC, an affiliate of Arlington Capital Partners, in its sale to Parsons Corp., a digitally enabled solutions provider focused on the defense, security and infrastructure markets
  • Represented Audax Private Equity and its portfolio company Fastener Distribution Holdings in the acquisition of Blue Sky Industries, a Monterey Park, Calif.-based distributor of C-class parts to aerospace and defense MRO and OEM customers
  • Represented Bain Capital Credit and Carlyle Mezzanine Partners LP, in the sale of their investments in Shari's Restaurant Group Inc.
  • Represented Blue Wolf Capital Fund III LP, through an affiliate, in its acquisition of 100 percent of New Zealand-based Tenon Holdings' shares in NACS USA Inc. (the holding company for Tenon's North American operating business); the North American holding company will operate under the new name Novo Building Products
  • Represented Boyne Capital Management (BCM Fund I LP) in its acquisition of AmeriBest Holding Corp. and its subsidiary, AmeriBest Home Care Inc., a provider of home healthcare services
  • Represented Brynwood Partners VII LP in the leveraged acquisitions of Cold Spring Brewing Co. and Carolina Beverage Group LLC
  • Represented Carlyle Infrastructure Partners LP, the infrastructure fund of The Carlyle Group, in the sale of ITS ConGlobal to Australia-based AMP Capital's global infrastructure equity platform
  • Represented Chart Capital Partners in its purchase of two counterintelligence and intelligence business units from Intelligent Decisions
  • Represented Compass Diversified Holdings (NYSE: CODI) in the acquisition of Crosman Corp., the world's leading designer, manufacturer and marketer of air guns, archery products, optics and related accessories
  • Represented DFW Capital Partners in connection with its acquisition of Superior Controls Inc., a New Hampshire-based provider of control systems integration and specialty engineering services to pharmaceutical, biotechnology, and food and beverage companies
  • Represented Project Performance Company LLC, a portfolio company of FedCap Partners, in its equity sale to Data Systems Analysts Inc.; together they will provide mission-critical solutions to customers across the government IT market
  • Represented Generation Partners in its acquisition of Westox Labs LLC, a toxicology lab providing services such as addiction treatment monitoring, medication monitoring, and drug and blood testing
  • Represented Leading Ridge Capital Partners in the sale of its portfolio company, Rugby Architectural Building Products, to Hardwoods Distribution Inc. (TSX: HDI); Rugby is one of America's leading distributors of architectural wood products, decorative surfacing, doors and millwork to commercial and residential end users, with nearly $300 million in sales, 560 employees and 31 facilities across 35 states
  • Represented Lincoln Road Global Management LLC, a Miami-based private equity firm, in connection with its investment in Pro-Tec Fire & Safety, a leading provider of fire extinguisher and safety services in the southeastern U.S.
  • Represented Strategic Health Services LLC, d/b/a Palm Medical Centers, an MBF Healthcare Partners II LP portfolio company, in its acquisition of all of the assets of Jay Care Medical Center Inc., a primary care physician medical practice, and Parkview Medical Group LLC, an affiliated hospitalist group
  • Represented Pine Tree Equity III LP, in its acquisition of Veracity Technology Solutions LLC, a provider of nondestructive testing and related services to the global power generation and aerospace industries
  • Represented Prospect Capital Corp. (NASDAQ: PSEC) in the sale of its interests in Harbortouch Payments LLC to Searchlight Capital Partners; Harbortouch is a leading provider of integrated payment processing and point-of-sale systems to small and medium-sized merchant customers in the U.S.

Representative Engagements

  • Represented different management teams in equity and employment matters as part of a sale transaction
  • Represented a privately owned client (private equity portfolio company) in the audio/visual solutions industry in an internal reorganization
  • Represented a former CEO of a Nasdaq-listed company in various initial public offering (IPO), investment and personal stock ownership-related matters
  • Represented a privately owned, family business in connection with shareholder requests for information, other shareholder-related issues under the Illinois Business Corporation Act and the negotiation of supply and co-packing agreements

  • Represented a private equity fund in connection with a senior secured credit facility and a subordinated secured credit facility for the funding of a new platform in the pet products industry
  • Represented a privately owned client (private equity portfolio company) in the pet products industry in connection with an amendment to its senior secured and subordinated secured credit facilities to provide for an increase in the amount borrowed under the senior credit facility and the consent of the senior and subordinated agents and lenders to a new strategic acquisition
  • Represented a private equity fund in connection with an amendment to an existing credit facility
  • Represented a privately owned client (private equity portfolio company) in the thermoplastic and thermoset resins industry in connection with the refinancing and consolidation of its first-, second- and third-lien credit facilities into a senior secured and subordinated secured credit facility
  • Represented a private equity fund in connection with a senior secured credit facility for the funding of a new platform in the steel tube exhaust industry
  • Represented an institutional lender in a series of three loan transactions to assisted care and senior living facilities
  • Represented a New York Stock Exchange (NYSE)-listed company in an internal reorganization and the negotiation of guarantees for rail-car leases
  • Represented a publicly traded company in a secondary offering of common stock and the exercise of a subsequent over-allotment option
  • Advised a developer of e-discovery software in connection a minority equity investment in the company

  • Represented Hub International in its acquisition of The O&S Insurance Brokerage Group Inc. and OSA Insurance Brokerage Services LLC
  • Represented Hub International in its acquisition of Euclid Specialty Managers LLC
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of Country Clean Paper Supplies
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of Classic Solutions Inc.
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of Dees Paper Co. Inc.
  • Represented Delta Southern Railroad Inc. in its sale to Patriot Rail Co. LLC
  • Represented Hub International Midwest Limited (Hub) in its acquisition of the business of James L. Miniter Insurance Agency Inc.
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of International Sales & Marketing LLC (ISM), food service disposable, cleaning supplies and packaging company headquartered in Puerto Rico
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of Palm Paper Supply
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of North Alabama Chemical
  • Represented Hub International in its acquisition of Alexander & Co., an employee benefits and investment brokerage and consultation firm, whose clientele includes public school systems and local governments
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of The Russell Hall Co., a leading supplier of paper goods and cleaning supplies in the Connecticut marketplace
  • Represented Golden Gate Capital in its sale of PetroChoice Lubrication Solutions for $479 million to Moove, a subsidiary of Brazilian-based Cosan S.A.
  • Represented Imperial Bag & Paper Co. LLC d/b/a Imperial Dade in its acquisition of Veritiv Canada
  • Represented Revolos, a full-service finance and insurance solutions provider and portfolio company of Golden Gate Capital, in its sale to Protective Life Corp., a wholly owned U.S. subsidiary of Dai-Ichi Life Holdings Inc.
  • Represented Hub International Limited in its acquisition of the assets of Texas-based GBC Benefits Ltd. d/b/a Gus Bates Insurance & Investments
  • Represented Hub International Limited in its acquisition of the assets of New York-based The B&G Group Inc.
  • Represented Specialty Program Group in its acquisition of Tennessee-based Avant LLC
  • Represented Hub International Limited in its acquisition of the assets of Tennessee-based Harris, Madden, Powell, Stallings & Brown Inc.
  • Represented Imperial Dade, a leading distributor of disposable food service and janitorial supplies, in its acquisition of California-based P&R Paper Supply
  • Represented Imperial Dade in its acquisition of Texas-based Wagner Supply Co.
  • Represented Clover Wireless, a global leader in aftermarket life-cycle management services for mobile, computing and other consumer electronics devices, in its acquisition of Teleplan, a global electronics supply chain services and solutions provider
  • Represented Hub International Limited in its acquisition of Nebraska-based SilverStone Group
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, its acquisition of California-based Area Distributors
  • Represented LiveVox Inc. in its acquisition of substantially all of the assets of Teckst Inc., a New York-based software company, and its acquisition of SpeechIQ LLC, an artificial intelligence (AI)-driven speech analytics and quality assurance platform
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, its acquisition of Pennsylvania-based Philip Rosenau Co.
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, its acquisition of California-based The Paper Co.
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of New York-based Strauss Paper Co. Inc.
  • Represented Hub International Limited in its acquisition of the assets of Pennsylvania-based Cosaint Insurance Partners LLC
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of Missouri-based Mid Continent Paper & Distributing Co. Inc.
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of Massachusetts-based Butler-Dearden Paper Service Inc.
  • Represented Hub International Limited in its acquisition of Maryland-based The Insurance Exchange Inc.
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of New York-based Edmar Cleaning Corp.
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, its acquisition of Joshen Paper & Packaging of New Jersey
  • Represented a private equity fund in the sale of a gasket manufacturing business to a public company
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of Alabama-based American Osment
  • Represented a leader in the wireless, internet and satellite communication industry in its sale to a global communications company
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of Texas-based Gulf Coast Paper Co. Inc.
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of Atlanta-based Sikes Paper & Chemical Supply Inc.
  • Represented Imperial Dade, a leading distributor of food service packaging and janitorial supplies, in its acquisition of JPC Enterprises d/b/a Jersey Paper Plus
  • Represented a publicly traded marketer and distributor of brand name over-the-counter healthcare and household cleaning products in its  acquisition of certain brand name over-the-counter healthcare products from a private equity firm
  • Represented a private equity fund in the acquisition of a leading online retailer of men's apparel
  • Represented multiple subsidiaries (domestic and foreign) of a New York Stock Exchange (NYSE)-listed company in the sale of its European vendor finance business to a former public company
  • Represented a private equity fund in two proposed acquisitions of the gambling and gaming operations of two privately owned companies
  • Represented a NYSE-listed company in the proposed acquisition of the business of a leading privately owned equipment leasing company
  • Represented a private equity fund in the formation of a new platform and the simultaneous acquisition of the assets of one company and the stock of another, both in the steel tube exhaust industry, with a total deal value in excess of $60 million
  • Represented a privately owned client in the acquisition of the assets of a modeling education franchise
  • Represented a privately owned client in the environmental solutions industry in the acquisition of the equity of a used print cartridge and mobile phone reseller
  • Represented a privately owned client in the environmental solutions industry in the acquisition of the assets of an electronics trade-in and recycling solutions company
  • Represented a privately owned client in the thermoplastic and thermoset resins industry in the acquisition of the assets of a thermoplastics company
  • Represented a privately owned client (private equity portfolio company) in the audio/visual solutions industry in its auction sale to a financial buyer
  • Represented a NYSE-listed company in a Bankruptcy Code Section 363 transaction involving the purchase of assets of a privately owned company in the cat litter and cat products industry
  • Represented a secured lender in an assignment for the benefit of creditors transaction
  • Represented a privately owned client (private equity portfolio company) in the industrial coatings industry in its sale to a strategic buyer
  • Represented a family-owned investment fund in various equity investments in the oil and gas industry
  • Represented a privately owned client (private equity portfolio company) in the education marketing industry in its auction sale to a financial buyer
  • Represented a privately owned client (private equity portfolio company) in the building products industry in its sale to a strategic buyer
  • Represented a subsidiary of a NYSE-listed company in two transactions (one asset and one stock) in the water solutions field of the oil and gas industry
  • Represented a privately owned client in the sale and transfer of equity in an oil-and-gas exploration company

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