Private Equity/M&A

Built for the needs of middle market private equity funds and their portfolio companies.

A focused practice with deep industry specialization.

Choate launched one of the first private equity funds in 1983, and today we represent many of the country’s best known and most active private equity sponsors and their portfolio companies. Decades of experiencepaired with teams who focus on the middle marketallows us to understand our clients’ business objectives and provide the strategic advice they need to meet their goals. Today, our private equity and M&A team is the largest group in the Firm, with more than 40 lawyers focused on helping our clients execute their most important transactions.

While we have deep bench strength to support large, complex transactions, we staff matters efficiently and do not add unnecessary members to a deal team.  The lead partners on our transactions pride themselves on being heavily involved in the important details and execution.

We work seamlessly with the other related areas in the firm, such as tax, finance, intellectual property, healthcare, employment, benefits, real estate, antitrust and litigation, to support our fund clients in all their investment activities. This integrated team has the experience needed to guide private equity funds and their companies through all stages of a transaction—and their efforts have earned us a reputation for being commercially-focused and working effectively with all parties to a transaction.

 

What We Do Best

Buyouts and Growth Equity

The largest part of our practice involves handling important transactions for our fund clients and their portfolio companies. We regularly lead buyouts, growth equity investments, “add-on” acquisitions, and exit transactions on behalf of private equity sponsors and their portfolio companies.  For portfolio company transactions, Choate ranks as one of the most active law firms in the country.

Fund Formation

For fund clients, our work often begins at the fund formation stage. We advise buy-out, growth equity, venture capital, and other private equity funds of all sizes as they raise capital to invest. Knowing what terms investors will accept is critical to a fund's success. Our team’s experience representing sophisticated funds as they go to market gives our clients an edge.  

Key Support Areas

  • Finance - We help private equity clients and their portfolio companies structure and negotiate acquisition loans, leveraged and mezzanine financings, term and revolving credit facilities, working capital loans, and senior and subordinated debt instruments.
  • Healthcare– We help investors and healthcare organizations navigate the complex and challenging regulatory landscape before, during and after a transaction.
  • Tax – Our tax attorneys specialize in the complexity of middle-market transactions and provide practical tax advice to support our clients’ deals.
  • Antitrust – We advise our clients regarding their antitrust needs, including in connection with M&A deals, joint ventures, and IP licensing.
  • Benefits, labor & executive compensation – We help clients address the particulars of compensation agreements, employment and consulting agreements, executive employment packages, officer and director responsibilities and termination agreements.
  • Real estate – We serve as real estate counsel to public and private corporations and funds by advising on real estate purchases and sales, investigating real property assets involving mergers, acquisitions and divestitures and advising on leases. 

Recent Accolades