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Private Equity & Venture Capital
Dow Lohnes attorneys regularly represent private equity, venture capital and buyout funds that have been organized to invest in the media, communications and higher education industries our firm specializes in. Our attorneys are experienced both in fund formation and in advising funds on the financial and structural terms of their private equity and mezzanine debt portfolio company investments. Our industry and transactional expertise extends not only to assisting our clients in acquiring and selling their portfolio company investments, but to restructurings and recapitalizations of these investments. In addition to representing top-tier private equity and venture capital funds, our practice includes representation of founders and entrepreneurs seeking private equity financing, as well as counseling media and communications clients that are seeking to make strategic investments (or co-investments alongside traditional venture capital firms) in Internet and new media companies. Working in close collaboration with attorneys in our tax, executive compensation and employee benefits, lending, and regulated industry practices, we strive to craft creative and cost-effective solutions for all aspects of private equity and venture capital transactions.
Recent examples of our private equity and venture capital practice include the following:
- We represented Television Station Group Holdings, LLC, a portfolio company of Boston Ventures and Alta Communications, in connection with the sale of two CBS-affiliated television stations.
- We represented MCG Capital Corp. in connection with its acquisition of cable television systems in Virginia and West Virginia from Bahakel Communications and arrangements with an experienced management team.
- We represented an investment fund managed by The Cypress Group, LLC in connection with an equity and debt recapitalization of a private media company.
- We represented MCG Capital Corp. in connection with its purchase of five radio-pharmacies and related equity investments.
- We represented Ripe Digital Entertainment, Inc. in connection with a successful Series B financing involving investments by leading media companies and venture capital firms.
- We represented Sandler Capital Partners in connection with the creation and funding of HarborPoint Media, LLC, a company that has made acquisitions of various medium and small market newspapers in the Southeastern United States.
- We represented investment funds managed by Boston Ventures in connection with their equity investment in Smith Media, LLC, the related restructuring of Smith Media, LLC and the acquisition of six television stations from Smith Television group and related companies.
- We advised Smartbrief Inc. in connection with the issuance of debt and private equity financing.
- We represented MCG Capital Corp. in connection with the sale of assets of Corporate Legal Times to Wicks Business Information, LLC.
- We represented Broadcast Capital, Inc. in connection with its funding of Latin Entertainment Network, Inc., a company developing and distributing syndicated programming to radio stations serving the U.S. Hispanic market.
- We represented Sandler Capital Partners in connection with the creation and funding of WaveDivision Holdings, LLC, a company that has made acquisitions of various cable television systems in the Pacific Northwest region.
- We represented Cox Communications in connection with a number of strategic venture capital investments and joint ventures, including TVGateway, LLC, MetaTV, Inc., @Security Broadband Corp., Syndeo Corp., and CWK Network, Inc.
- We advised Backyard Broadcasting Holdings, LLC in connection with Pacific Corporate Group’s $35 million capital commitment to Backyard. We also represented Backyard Broadcasting in connection with its purchase of five radio stations in South Dakota.
- We represented investment funds managed by the Quadrangle Group in connection with a PIPES equity investment in US LEC Corp., a telecommunications carrier providing voice, data and internet services.
- We represented Arbinet-thexchange, Inc. in connection with its final pre-IPO round of preferred stock financing from existing investors.
- We represented First Media TF Holdings in its private equity investment in public equity (PIPE) securities of TenFold Corporation.
- We advised Quad Ventures in connection with its acquisition of California proprietary schools.
- We represented Arlington Capital Partners in connection with its acquisition of the California Institute of Technology.
- We represented Best Associates and Whitney International University in connection with its acquisition of the New England College of Finance.
Our leading private equity, venture capital and buyout fund clients include the following:
- The Carlyle Group
- Sandler Capital Management
- Oak Hill Partners
- Texas Pacific Group
- Boston Ventures
- MCG Capital Corp.
- Broadcast Capital, Inc.
- CEA Capital Partners
- Quadrangle Group
- Quad Ventures
- Arlington Capital Partners
- Best Associates
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