We advise on a range of middle-market transactions for our private equity clients, including acquisitions, divestitures, recapitalizations, distressed acquisitions, management buyouts and roll-up strategies.

Private equity is a hallmark of our broader corporate practice, and we bring to bear the extensive experience of our M&A, finance and tax attorneys to develop sophisticated and efficient approaches to every transaction. In addition, our capabilities in areas such as employment, litigation and real estate allow us to offer full life-cycle representation for private equity funds in connection with their investments, and we are often asked to serve private equity backed companies as an outsourced general counsel.

Our involvement in private equity transactions often begins with clients seeking deal flow, or our investment bank contacts marketing their deals. Our mid-size profile frequently brings us into contact with privately owned businesses and closely held companies seeking an exit or a growth financing.

Herrick brings unique contributions to its representation of private equity clients, including:

  • a partner-level, single point of interaction for all facets of the transaction, including the acquisition, equity arrangements and debt financing;
  • a high level of financial sophistication that allows us to take the lead on transaction structuring and provide real time tax input;
  • value added contributions such as preparing distribution waterfalls and reviewing debt covenant compliance projections; and
  • a real world perspective on transactional risks.

Our private equity clients include private equity funds, hedge funds, fund of funds, real estate funds, distressed debt funds, family offices as well as other sophisticated investors pursuing alternative investment strategies. We also advise independent (fundless) sponsors, helping them identify equity and debt financing sources as well as other professional resources needed to assist with their transactions.

We have represented clients in private equity transactions in a broad variety of industries, including energy, gaming, healthcare, life sciences, manufacturing, media, real estate, specialty finance, sports, technology, telecommunications and transportation services.