Private Equity

Private equity, venture capital funds and other private investors depend on proactive counsel on all aspects of the investment cycle. Our team gives you actionable advice to tackle questions on transactions in a diverse array of industries.

Represented the Technology Buyout Group of The Carlyle Group in certain of its private equity investments, including:
- The $3.9 billion acquisition of CommScope Inc., a global leader in infrastructure solutions for communications networks. Subsequently represented CommScope Holding Company Inc. in its $3 billion purchase of TE Connectivity’s Broadband Network Solutions unit, consisting of telecom, enterprise, and wireless businesses.
- The $7.4 billion acquisition of Veritas Technologies, a data storage company, from Symantec.
- Acquisition of the ARM-based microprocessor business of MACOM Technology Solutions Holdings Inc. that MACOM purchased from AppliedMicro.
- Acquisition and subsequent sale of Open Link Financial, a provider of investment and financial management software and related services focused exclusively on the financial services industry, to Hellman & Friedman.
- Substantial investment in ProKarma, an enterprise IT solutions company.
Represented The Gores Group in certain of its private equity transactions, including
- Acquisition of Therakos Inc. from Ortho Clinical Diagnostics Inc., a subsidiary of Johnson & Johnson.
- Formation of Elo Touch Solutions following its acquisition of TE Connectivity’s Touch Solutions business for $380 million.
- Acquisition of Alpheus Communications L.P., one of the largest fiber network and data center operators in Texas, and the subsequent sale of Alpheus to LOGIX Communications.
- Disposition of the 36 cable systems that we helped its portfolio company, Cobridge Communications, acquire from Charter Communications.
- Purchase of assets from StratITsphere Solutions LLC, a provider of co-location and data center services.

Represented Pamlico Capital (formerly Wachovia Capital Partners) in its investment activities and portfolio company management, including the formation of Lightower Fiber Networks through the purchase of fiber assets from National Grid in 2007, numerous subsequent add-on acquisitions, sale of Pamlico’s controlling interest for $1.4 billion to a group led by Berkshire Partners, and ultimate sale of Pamlico’s remaining interest in connection with Lightower’s pending acquisition by Crown Castle for $7.1 billion. Other engagements for Pamlico include:
- Acquisition of PrizeLogic, a developer of digital promotions for large consumer brands and retailers.
- Leveraged acquisitions and subsequent sales of Physicians Endoscopy to Kelso & Company.
- Equity investment in T2 Systems Inc., a leading provider of SaaS software to the parking industry, and its subsequent sale to Thoma Bravo.
- Formation of Southern California fiber network provider Wilcon, subsequent add-on acquisitions, and sale to Crown Castle for $600 million.
- Leveraged acquisitions and recapitalizations of a number of their portfolio companies, including HEALTHCAREfirst, Valued Relationships Inc., Securadyne Systems, Secure-24 Inc., TekLinks Inc., HOSTING, ATX Networks, and World 50.
- Acquisition and subsequent disposition of a substantial minority equity position in Greenway Medical Technologies and DayNine.
- Investment in and subsequent sale of American Renal Associates to Centerbridge Partners for approximately $415 million.
Represented Ridgemont Equity Partners, the former Banc of America Capital Investors private equity team spun off from Bank of America in 2010, in certain of its private equity investment activities and portfolio company management, including:
- Leveraged acquisitions of Unite Private Networks (UPN) and AccentHealth; subsequently represented UPN in its sale to an affiliate of Cox Communications Inc., with a substantial sponsor and management roll, and represented the owners of AccentHealth (including Ridgemont and MC Ventures) in AccentHealth’s sale to ContextMedia.
- Leveraged acquisition of Abrasive Products & Equipment, a value-added specialty distributor, and Simpleview, the leading provider of software and digital marketing services to destination marketing organizations.
- Acquisition of Dickinson Fleet Management Services LLC, a provider of mobile fleet maintenance and repair services.

Contacts

C. Mark Kelly

Partner

Charlotte, Silicon Valley

Phone: +1 704 444 1075

Other Phone: +1 650 838 2175

Email: mark.kelly@alston.com

T. Scott Kummer

Partner

Charlotte

Phone: +1 704 444 1077

Email: scott.kummer@alston.com

Highlights

                        Press Release

                        May 5, 2023

                        Alston & Bird Expands Private Equity Offering with Two Silicon Valley Partners
                    
                            Alston & Bird has further enhanced its Private Equity Team by welcoming partners Jonathan Manor and Simon Root to the firm’s Silicon Valley office.

                        Press Release

                        February 8, 2023

                        Ridgemont Equity Partners Recapitalizes Worldwide Produce
                    
                            Alston & Bird client Ridgemont Equity Partners, a middle market private equity investor, announced the recapitalization of Worldwide Produce, a leading distributor of fresh fruits, vegetables, dairy products, and specialty foods to restaurants, foodservice customers, and grocery stores across the western U.S.

                        Press Release

                        February 2, 2023

                        Ridgemont Equity Partners Leads Recapitalization of RoadOne IntermodaLogistics
                    
                            Alston & Bird client Ridgemont Equity Partners, a middle market private equity investor, announced the recapitalization of RoadOne IntermodaLogistics, one of the largest independent providers of intermodal logistics solutions in North America.

                        Press Release

                        January 31, 2023

                        Grain Management Acquires Spectrotel
                    
                            Alston & Bird client Grain Management, a leading private investment firm based in Washington, D.C., has completed its acquisition of Spectrotel, a next-generation aggregator and leading integrated technology services provider.

Private Equity

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