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.
On January 27, Michael Rave will be speaking on "Public & Private Capital Raising: How To Fund Your Bank for Growth and/or Change" at Bank Director's annual conference, Acquire or Be Acquired, in Phoenix, AZ.
Brian Fischer spoke on "Defining Success from a Legal Perspective – How to Best Structure the Transaction to Meet the Owner's Objectives while Providing Significant Legal Protection," at an Exit Planning Exchange (XPX) Hartford program.
Michael Rave will be speaking at Acquire or Be Acquired, an annual conference presented by Bank Director magazine being held in Phoenix from January 28 – 30.
On January 19, Michael Rave will be speaking at the Economic Leadership Forum, presented by the New Jersey Bankers Association.
Stephen Ziobrowski and Andrew Wogman authored the article "Challenges of Selling an S Corporation," which was published by Law360.
Gary Betensky and Michael Napoleone were featured in a profile, "Day Pitney LLP: Firm Expands to Better Serve South Florida Clients," published in the March issue of The Boca Raton Observer magazine.
Mike Rave was quoted in an analysis article, "Reg Rollbacks Seen As Bit Player In $28B BB&T-SunTrust Deal," published by Law360.
Jed Davis was quoted in an article, "Marriott Hack Shows Risks Of Lax Cyber Diligence In Mergers," published by Law360.
Day Pitney Press Release
Day Pitney Press Release