$35 Million Recapitalization with Private Equity Sponsor Funding
Advised client on a recapitalization of a revenue cycle management company with funds from a private equity sponsor. The funds came in as equity, senior debt and subordinated debt with portions paid at closing as well as through a possible earn-out. The transaction required a simultaneous buyout of an affiliated joint venture and the execution of complicated software licensing and development agreements between the affiliate and the target company, which was to be controlled by the private equity sponsor post-closing.
$25 Million Share Exchange for Technology Company
Completed a $25 million share exchange transaction between our client, a consumer technology company in the residential real estate industry, and a financial technology company serving prospective home buyers using a technology-enabled real estate platform.