McDermott Represents Wellspring Capital Management in its Acquisition of Cadence Petroleum Group
International law firm McDermott Will & Emery represented Wellspring Capital Management LLC, a private equity firm, in its acquisition of Cadence Petroleum Group, a leading distributor of nationally branded and private label oil and lubricants used in automotive, commercial and industrial applications.
This transaction was completed on October 1, 2020.
McDermott Will & Emery acted as legal counsel to Wellspring Capital Management.
McDermott’s representation included acquisition financing in the form of a senior secured credit facility with Cerberus Business Finance Agency, LLC as the administrative agent and collateral agent for the lenders.
McDermott has previously represented Wellspring in connection with its recent acquisitions of Paragon Films, Lucky Strike Entertainment and CDI Diagnostic Imaging.
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