leverage opportunity

Private Equity Portfolio Investments/Acquisitions
Dorsey has substantial national and international experience in handling all aspects of equity sponsor-related work on behalf of sponsors, portfolio companies, and management groups including:

• Lee Equity Partners, in connection with various individual portfolio company investments
• Serent Capital, in connection with portfolio management and various individual portfolio company investments
• Management team for Motor Fuel Group in the buyout by Clayton, Dubilier & Rice
• A NY-based family office, in connection with various investments in the hospitality space
• A Florida-based family office, in connection with various investments in the agricultural industry
• A Houston-based family office, in connection with investments in the consumer goods industry
• TA Associates, in connection with individual European portfolio company investment matters
• Certain portfolio companies of Living Bridge Equity Partners, with respect to their U.S. operations
• Cross Creek Capital, a Salt Lake City-based private equity fund with $500M under management, with respect to various late stage venture capital investments
• Wasatch Advisors, a Salt Lake City-based money manager with $19B under management, with respect to various private equity investments
• Leavitt Equity Partners, a Salt Lake City-based private equity fund, with respect to investments in middle market transactions
• Healthcare Partners, an Oregon-based private equity fund, with respect to various healthcare investments

Senior Lending
Dorsey‘s lending practice regularly represents major national banks in connection with their sponsor financing activities, including:

• Senior credit facility to finance the acquisition of a company engaged in flood check and title insurance diligence reporting on the West Coast
• Senior credit facility to finance the add-on acquisition of plastic injection molding companies on the East and West Coast and the refinancing of existing senior indebtedness of an existing plastic injection molding company in the Midwest
• Syndicated senior credit facility to refinance senior debt and equity recapitalization of a wire manufacturer in the Upper Midwest    
• Syndicated, multi-currency senior credit facility to finance the rolling up of two multi-national manufacturer of truck parts and supplies
• Senior credit facility to finance the acquisition of an international distributor of furniture fabric and textiles
• Senior credit facility to finance the acquisition of a manufacturer of publishing software and subsequent additional $20,000,000 facility to finance add-on acquisition

Private Equity Borrower-Side Representations
Dorsey regularly represents portfolio companies of private equity sponsors as borrowers in leveraged financings, mezzanine financings, and debt restructuring work, including:

• Minority equity investment in a company operating a global customer survey platform and advising the company on the refinancing of its senior debt facilities
• Add-on acquisition of data processing facilities in Texas and the refinancing of existing indebtedness, including first-and second-lien financings and preferred stock financing
• Refinancings of existing senior indebtedness for operating data center sites in the Western U.S.
• Acquisition of a chain of clinical trial drug-testing facilities in the Central U.S., including senior debt facilities and a subordinated debt facility
• Acquisition of the rail-car cleaning division of a multi-national company, including senior debt facilities and a subordinated debt facility
• Cross-border refinancing of the senior debt facilities of a portfolio company engaged in the development of orthopedic medical devices

Mezzanine Investments
Dorsey has handled numerous mezzanine investments for financial sponsor clients across the middle market, including:

• Senior subordinated credit facility and equity co-investment in favor of a manufacturer of magnets and engine components
• Senior subordinated credit facility and detached equity co-investment in favor of a network of physical therapy clinics on the Eastern Coast
• Senior subordinated credit facility with warrants to purchase equity interests in favor of a national catalog seller of pool supplies and equipment
• Senior subordinated loan and attached warrants to purchase equity interests in favor of a telecommunication and computer network consulting company
• Senior subordinated loan and equity co-investment in railcar maintenance company.    
• Syndicated subordinated credit facility consisting of a second lien term loan and a third lien term loan in favor of a waste hauler on the Eastern Coast
• Acquisition of effective control of two portfolio companies to which it previously had made senior and mezzanine loans

Fund Formation and Fund Investment Reviews

• Dorsey regularly handles on-and off-shore fund formation matters, including domestic and international tax structuring advice.
• Dorsey lawyers advise fund managers and sponsors in connection with the formation, capitalization and operation of buyout, real estate, venture, debt, special opportunity, hedge and other funds.
• Dorsey lawyers address a broad spectrum of 1940 Act regulatory/compliance matters; mergers and acquisitions; broker-dealer, adviser, FINRA and blue sky regulatory/compliance matters and tax, ERISA and derivatives issues.
• Dorsey also has extensive experience representing individual and institutional investors in connection with their investments in funds, including banks, endowments, insurance companies and fund of funds.