News Brief

Wilson Elser Closes $100 Million of M&A Transactions before Year-End

February 6, 2012

Wilson Elser attorney William Behr (Of Counsel-New York) closed two M&A transactions valued at $100 million just before year-end 2011.

On December 13, Mr. Behr closed a multi-million dollar (combination of cash, stock, notes and contingent “earnout” and other bonus payment) sell-side transaction. The asset for sale was a prominent insurance brokerage firm, represented by Wilson Elser. The purchaser was a major private equity firm with more than $8 billion of assets under management. Frederick Pomerantz (Partner-New York) assisted with insurance regulatory issues; and Martin Ween (Partner-New York) assisted with ERISA-related issues.

Prior to the December deal, Mr. Behr closed a multi-million dollar (combination of cash and a 20 percent continuing interest in purchaser) sell-side leveraged buyout transaction on November 30. The asset for sale in this transaction was a middle-market Texas oil and gas well servicer and Wilson Elser client. The purchaser was a significant private-equity firm. With the private equity firm buyer based in Virginia, the buyer’s counsel located in Florida and an acquisition target located in south Texas, the firm leveraged its disparate geographic and legal resources to satisfy the client’s complex needs.

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