Vedder Thinking | News Vedder Price Advises Clients in Platform Investment
May 19, 2017
Vedder Price is pleased to announce that it counseled L Squared Capital Partners (L Squared), together with Longview Asset Management, in completing a recapitalization of Oracle Elevator (Oracle). Financial terms of the transaction were not disclosed.
L Squared, an investment firm with offices in Newport Beach, CA, and Chicago, IL, together with Longview Asset Management, provided a long-term capital base to support Oracle’s national acquisition strategy, helping to expand its geographic footprint. This transaction represents L Squared’s sixth platform investment over the last three years.
According to its press release, Oracle, the largest independent provider of elevator maintenance, repair and modernization services across all major brands of equipment, plans to accelerate investment in its base of technicians and service representatives through both professional development and a new state-of-the-art training facility.
“We are proud to have partnered with L Squared and Longview Asset Management on this significant transaction,” said Michael A. Nemeroff, CEO and President of Vedder Price. “We continue to offer our clients efficient and effective legal solutions and cross-functional teams working on our clients’ behalf with great subject matter capabilities. The results of this recapitalization are a testament to the hard work and dedication of our attorneys and client working shoulder-to-shoulder to strategize and execute.”
In addition to Mr. Nemeroff, the Vedder Price team included Adam S. Lewis, Shannon R. Weiss and David K. Dormon (M&A); Peter Wynacht and Grant Kaiser (Tax), Richard C. Pugh, Jacqueline M. Helmrick (Finance), Jason Schmitz (IP), Daniel B. Lange (Executive Compensation and Benefits), Joseph K. Mulherin (Employment Law), and Brett D. Heinrich (Environmental).
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