The M&A Advisor named the sale of Communications Networks LLC (ComNet) and its UK affiliate, ComNet Europe Limited, to Access Control Related Enterprises, LLC as a finalist for its 9th Annual International M&A Awards. The transaction was named a finalist in the following categories: M&A Deal of the Year ($50MM-$100MM); Sector Deal of the Year – Professional Services (B-to-B) Deal of the Year and Information Technology and Telecom Deal of the Year (Under $75MM); Corporate/Strategic Deal of the Year (Over $50MM-$100MM); and Private Equity Deal of the Year ($50MM-$100MM).
Day Pitney advised the management team of ComNet and ComNet Europe on the closing of this transaction. ComNet is a global manufacturer of video and data transmission equipment with operations in the U.S. and abroad. Access Control Related Enterprises, LLC is a portfolio company of private equity firm LLR Partners. The management team collectively owned a majority interest in ComNet and the transaction included a pre-closing internal reorganization, rollover equity ownership by management in the buyer and liquidity for the non-management founder of ComNet. The Day Pitney corporate team included Scott Beach, Greg Kahn, Steve Ziobrowski and Andrew Wogman.
Michael Rave participated in a panel session, entitled "CRE Loan Concentrations in 2017: What You Need to Know" at the 2017 NJBankers Annual Conference at The Breakers in Palm Beach, Florida.
Steven Cash co-authored an article, "Evolution of a Valuable Tool for Attorneys: Business Intelligence Practitioners," for the New York Law Journal.
Eliza Fromberg authored an article, "M&A Brokers - No Safe Passage Through State Registration Requirements" for the ABA Business Law Section's Blue Sky Bugle.
On January 30, Michael Rave and Richard Leu will be speaking at Bank Director's annual conference, Acquire or Be Acquired, in Phoenix, Arizona.
On September 21, Scott Beach spoke on the Family Office Panel at the ACG New England Fall Conference at Mohegan Sun.
Day Pitney Press Release
Michael Rave was quoted in an article, "Soaring Valuations Open Doors for Banking M&A Resurgence," in Law360.
Lori Braender was quoted in an article, "2017 Chief Medical Officers Roundtable Advances in Patient Care for Women," in COMMERCE Magazine.
Barbara Freedman Wand was quoted in the article "Banks Explore Multiple Avenues For Community Investment," in The Commercial Record.
On May 25, Dina Sanna and Carl Merino were panelists at an event hosted by Citco.