Overview
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.
- The McDermott corporate team was led by Wellspring relationship partner Frank Steinherr and Lindsey Reighard and included Daniel Zucker, Jennifer Mikulina, Alex Ruiz, Dan Martin, Dan Doron, Daphne Trotter, Diego Gomez-Cornejo, Michelle Strowhiro, Joe Urwitz, Mark Collins, James Kim, Greg Heltzer, Scott Regan, Diana Douglas, Alexa Jeffus, Jonathan Ende, Matt Evola, Bethany Hatef, Abigail Kagan, Amy Pimentel, Cody Ruegger, Stephania Sanon and Tiantian Chen. The McDermott finance team was led by Stephanie McCann and Anh Lee and included Fitsum Tilahun.
- McDermott has previously represented Wellspring in connection with its recent acquisitions of Paragon Films, Lucky Strike Entertainment and CDI Diagnostic Imaging.
About McDermott
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices, industries and more than 20 locations to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
