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 July 7, Michael Kaufman will participate as faculty on Strafford's 90-minute Q&A style webinar, "Contribution Agreements: Joint Liability and Rights of Contribution Under Loan Guaranties."
On February 20, Michael Rave and Michael Dunne spoke at FinXTech R.O.D.E., a conference presented by Autobooks, Bank Director and Microsoft and held at the Advanced Technology Development Center in Atlanta, GA.
On January 15, Brian Fischer spoke at "When Good Deals Go Bad – Pitfalls to Avoid During the Sale Process," an Exit Planning Exchange (XPX) program held at The Hartford Club in Hartford, CT.
October 24, 2019
Partners Edward Krzanowski, Tiana Gianopulos and Daniel Gottfried spoke at the 2019 Federal Tax Institute of New England, a CLE program presented by the Estates and Probate Section and the Tax Section of the Connecticut Bar Association and held in Portland, CT.
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.
Day Pitney Press Release
Patricia "Paty" Jimenez has been elected President of the Connecticut Hispanic Bar Association (CHBA).
Lane Watson was featured in the Connecticut Law Tribune article "Goodbye Law Firm Retreats: New Executive Order Allows For Remote Annual Meetings During COVID-19 Crisis."
Hedge Fund Law Report covered Erik Bergman's move to Day Pitney's Stamford office in an article posted March 12.
Day Pitney LLP represented Pula Capital Management LP (Pula), a newly formed investment manager based in Virginia, in connection with (i) the acquisition of a minority ownership interest in Pula by Felton Group, LLC (Felton Group), and (ii) an investment by Felton Group in Pula Capital Fund, LP, a newly formed fund managed by Pula that intends to employ novel mathematical techniques and a proprietary, systematic predictive model to trade a diversified long-short portfolio of liquid U.S. equities.