To maximize returns on promising business opportunities, investors need legal advisors with up-to-the-minute knowledge of the private equity market and economic conditions, plus in-depth understanding of specific industries and sectors. The search funds team at McDermott draws on experienced lawyers from our highly ranked and recognized practices—including private equity, tax, health care, intellectual property, employee benefits and executive compensation—to provide targeted, sophisticated counsel.
McDermott was among the first law firms to recognize the value in search fund market and has served as counsel in many of the pioneering transactions in the industry, including the seminal transaction by Dixon Midland of Tech Lighting.
We continue to be a leader in search fund transactions. We currently represent more than 20 funds, providing counsel on fund formation, capital raising and identification of target companies, negotiation, documentation and transaction closing, assisting operating companies with all aspects of day-to-day operations, strategic initiatives, and executive coaching and development. We help clients establish performance objectives, develop and implement effective exit strategies, and negotiate mergers, sales and divestitures when investment goals have been achieved.
Together with lawyers from our numerous industry teams, we have advised clients in the health care, life sciences, energy, manufacturing, consumer goods, business services, education, software, apparel, food and beverage, agribusiness, engineering, technology, metals, chemicals, transportation and logistics sectors. We help search funds demonstrate to investors, potential sellers and lenders their ability to find an appropriate target company, as well as to effectively consummate the acquisition, and operate and grow the business post-closing.
Our relationships with our clients are comprehensive: we continue to work with search funds after they fully exit investments. Whether starting a new fund or continuing to operate as an executive of the company, we serve as trusted advisors to our clients regardless of the next endeavor they pursue.
The acquisition and subsequent sale of a leading provider of medical-only monitoring services in the health care services industry
The add-on acquisitions of three providers of medical alert systems and products, which helped a regional company scale nationally
The acquisition and subsequent sale of a professional employer organization in the business of providing its clients with outsourcing of payroll, workers’ compensation, human resources and employee benefits administration
The acquisition and subsequent sale of a premium provider of wireless and wired high speed network solutions
The acquisition and subsequent sale of a leading designer, manufacturer and marketer of architectural lighting systems
The acquisition and subsequent sale of a leading North American specialty technology reseller, focused on bar coding, RFID, point-of-sale and security equipment
The acquisition and subsequent sale of a leading purchaser, processor and seller of customer-returned consumer electronic and technology products