Deal Team Represents Metacomet Group Holdings in its Acquisition of Fluid Mechanisms of Hauppauge

Business Transactions Group members Eric M. Kogan and Frank W. Eucalitto represented Metacomet Group Holdings LLC (TMG), a contract manufacturing investment consortium, as legal counsel in its asset acquisition of Fluid Mechanisms of Hauppauge, Inc., a precision manufacturer of structural components and assemblies for the aerospace and defense industries, through a new wholly owned entity, Fluid Mechanisms of Hauppauge, LLC. Aerospace Supply Chain leader, Jeffrey J. White, and Business Transactions member Taylor A. Shea also assisted in the deal. Read more in the press release.

Robinson+Cole Recognized for Work on “Deals of the Year”

The M&A Advisor, a premier global network of M&A, turnaround, and finance professionals, recognized Robinson+Cole with two awards during the 15th Annual M&A Advisor Awards, held at the New York Athletic Club on November 9. The first award presented to the firm was in the Restructuring Deal of the Year (Over $100MM) category, and the second award received by the firm was in the Private Equity Deal of the Year (From $10MM - $25MM) category. Accepting the awards on behalf of the firm were Patrick M. Birney and Michael R. Enright for Restructuring Deal of the Year.

Read more in the press release.

Les Levinson Presents at Privcap Healthcare Conference

Leslie J. Levinson, co-chair of the firm's Transactional Health Law Team, spoke on "What’s Driving Healthcare Private Equity Deal Flow?" at the Privcap Game Change: Healthcare 2016 conference on November 17 in New York City. He and his co-presenters, John McKernan of The Riverside Company and Adam Dolder of Great Point Partners, addressed the primary trends for private equity transactions. They focused on the sellers and their motivations, the hottest subsectors, and the investment plays that are driving interest from private equity. Click here to view a photo of Mr. Levinson at the conference.

Les Levinson Interviewed for Privcap Healthcare Insider Article

Leslie J. Levinson was interviewed for the article "Where Some See Healthcare Challenges, PE Sees Roll-Up Opportunity," published in the Privcap Healthcare Insider on September 7, 2016. The article discusses how health care subsectors such as dermatology and behavioral health have to deal with fewer reimbursement pressures, resulting in more opportunities for private equity. A recent Privcap webinar highlights both addiction treatment and dermatology as areas of health care consolidation that drive opportunities in the smallest end of the middle market. You can learn about Mr. Levinson's take on this topic by viewing the article and the video here. You can also view the transcript of his interview here. 

Mr. Levinson is a health law and business transactions partner in Robinson+Cole's New York  and co-chair of the firm's Transactional Health Law Group.

Matthew Guanci Appointed to the ACG Connecticut Board of Directors

Robinson+Cole Wins ACG New York Champion’s Award

ACG® New York and The M&A Advisor have announced the winners of the 4th Annual ACG New York Champion's Awards, and Robinson+Cole won in the category of Leveraged Buyout of the Year by a Financial Buyer (over $100 Million) for representing Nielsen Holdings N.V. (NYSE: NLSN) in its sale of Nielsen Expositions to Onex Corporation (TSX: OCX) for $950 million.

The winners were announced at the 4th Annual ACG New York Champion's Awards Gala on Thursday, June 19, before a sold-out crowd at the Metropolitan Club. In addition to winning this award, Robinson+Cole was named a finalist in the categories of Technology, Media, Telecom (over $100mm) and Deal of the Year (over $500mm). Read more here.

Robinson+Cole Finalist for the 4th Annual ACG New York Champion’s Award

ACG® New York and The M&A Advisor have announced finalists for the 4th Annual ACG New York Champion's Awards, and Robinson+Cole was named a finalist in three of 38 categories. Robinson+Cole is in the running in the categories of Technology, Media, Telecom (over $100mm); Leveraged Buyout of the Year by a Financial Buyer (over $100mm); and Deal of the Year (over $500mm) for representing Nielsen Holdings N.V. (NYSE: NLSN) in its sale of Nielsen Expositions to Onex Corporation (TSX: OCX) for $950 million.

Robinson+Cole has been selected out of more than 350 nominees in the first stage of evaluation, and the independent panel of judges will now focus their attention on selecting the ultimate award winners. The winners will be announced at the 4th Annual ACG New York Champion's Awards Gala on Thursday, June 19, at the Metropolitan Club.

Eric Dale Elected President of Crossroads Venture Group Board of Directors

Super Lawyers® Names 61 Robinson & Cole Attorneys to 2013 List

Eric Dale Speaks at CVG 2nd Thursday "Marketing at the Speed of Light"

Boston Attorney Michael Wirvin Joins DCF Kids Fund

“What You Wish You Knew Before Selling Your Business” Prepares Business Owners for the Big Exit Event

Mr. Dale’s talk focused on the components of a purchase agreement and what business owners can do to get the greatest value out of the most important business transaction they might ever make - the sale of their company.

The seminar also featured perspectives from Ben Maini of Reynolds & Rowella, Jon Rubin of Westbury Group, and Greg Singer of Bernstein Global Wealth Management.

Q2 Deal Report

“Competition for Capital in the Private Markets – What LP Investors Want in 2011” – A Signature Series Event at Robinson & Cole

Among key trends noted at the breakfast were the following:

1. Greater focus by LPs on GPs’ ability to generate better returns through active management of their portfolio companies, and a growing feeling that PE funds investing in smaller companies and focusing on operational improvements might offer better investment prospects for LPs.

2. Credit availability and rebounding prices have once again made leverage attractive, and it is making a strong comeback. This could lead to increased pressure on funds to use overly aggressive leverage models in structuring deals.

3. Pre-IPO hype over social media giants like LinkedIn, Facebook, and Twitter has resulted in a sharp valuation increase for companies in this space that is expected to continue. Whether this will lead to a conforming rise in valuations in related sectors is unclear, but there has already been a clear uptick in information technology/Internet company valuations since late 2010.

4. Pressure on management and other fees generated by fund managers as well as other structural techniques to better align interests of GPs with those of LPs.

“Competition for Capital – What LP Investors Want in 2011” was part of Robinson & Cole’s ongoing Signature Series of events for clients and friends of the firm. Stay tuned for news about upcoming presentations.

Cambridge Associates is a provider of independent investment advice and research to institutional investors and private clients worldwide. Services include investment consulting, outsourced portfolio solutions, independent research, and performance monitoring and tools across all asset classes.

Robinson & Cole Welcomes Partner Joseph B. White

Venture Capital is the Engine of Innovation in the Tech Sector

New associate Paula Pescaru assisted in drafting the article in Connecticut Innovations.

Robinson & Cole’s Deal Team Dominates Venture Deals in Q3

Below is a list of the deals for the third quarter, the Robinson & Cole deals are in bold.

Program Examines Impact of the Dodd Frank Act on Non-financial Businesses

Mr. Roos has advised banks, insurance companies, diversified financial service companies, and other public and private entities on many regulatory and transactional matters for more than 30 years. Mr. Roos has served as chair of the financial institutions and consumer law sections of the Connecticut Bar Association. He currently serves as general counsel to the Connecticut Mortgage Bankers Association, Inc. and as Connecticut state chair of the American College of Mortgage Attorneys.

Private Equity Group Chair Sees Thaw of Venture Credit Capital Markets

Overall, Dale said he is seeing a thawing of the venture credit capital markets, especially from the small angel investors market and larger deals over $5 million. Where deals continue to be slow, however, are those between $1 million and $3 million. “We are seeing smaller and larger deals, but there is still a gap in the market,” Dale said. It’s difficult to make money on early stage investments; Angel investors, on the other hand, tend to be long-term investors who are not ‘doing this for a living,’ so they are more willing to be patient and think long term in terms of the return.

“State missing National Trend, See Venture Capital Slowing in Q2” appeared in the Hartford Business Journal on August 2, 2010. To read the article click here.

Robinson & Cole Partner Says Venture Capital Data Portend Better Deal Flow

Mr. Dale noted that while the numbers indicate positive growth, the huge investment increases could be a timing issue. Deals could have been put on hold late last year and then completed in the first quarter of 2010, which led to the sharp increase. But if the second quarter shows another meaningful uptick in investment activity, it will confirm that the “market has bottomed out and that investors are opening their wallets again.”

“Venture Deal Data Suggest Better Days Ahead” by Greg Bordonaro appeared in the May 3, 2010 edition of the Hartford Business Journal. For more information about the MoneyTree Report, click here.

Robinson & Cole's Deal Team featured in Financial Sense Column on Trends in M&A Activity

Among the deals the group participated in last year are the following:

• One of Robinson & Cole's private equity clients, PNBK Holdings, was interested in acquiring a controlling interest in Patriot National Bancorp in Stamford, which has $937 million in assets and 19 branches, but was facing financial pressures from growing loan losses. PNBK Holdings, led by Michael Carrazza, proposed investing up to $50 million to purchase 33.3 million newly issued shares of common stock. The deal landed in litigation but has been salvaged and is on target to close soon.
• Represented Nielsen Co. in the sale of eight of its publications, including the Hollywood Reporter, Billboard, Adweek, Brandweek, Mediaweek, the Clio Awards, Backstage, and Film Journal International, selling them to e5 Global Media.

Please click here to read the article.

Robinson & Cole Plays a Leading Role at Connecticut Digital Media Conference

CT Digital Media and the Connecticut Venture Group co-sponsored the 2009 conference. Business Transactions Group lawyers Eric J. Dale and Eric M. Kogan are co-founders of CT Digital Media, and Mr. Dale is president of the Fairfield County chapter of the Connecticut Venture Group and serves on its board.