The following is a list of some of our recent significant client engagements and transactions.
Representing a property owner in the development of a 51 story, 755 room, dual-branded W and Element hotel project in downtown Philadelphia.
Led by John Royer with assistance from Hope Hammer and others in the firm, RCCB completed the simultaneous closing on nearly $250 million in construction financing from four different lending sources, including traditional construction financing, mezzanine financing, a PIDC HUD 108 loan and EB-5 funds, while also negotiating numerous design, development, construction, and hotel management agreements and navigating various title insurance issues that arose during the loan negotiation and documentation process.
Representing the seller, a technology company, in a cash-out merger in excess of $100 million to an international buyer.
RCCB’s deal team included Neil Cooper, Pamela Zimlin, Matt Brinker, and Michael Goldberg with Dustin Covello on tax matters.
Representing Rex Medical, Inc., a medical device company, in the strategic sale of three of its commercialized product lines, including all associated intellectual property, to Argon Medical Devices, Inc., a private equity-backed medical device company.
The RCCB team was led by John Royer and included M&A attorneys Alyssa Brodzinski and Matt Brinker, as well as Dustin Covello on tax matters.
Representing the acquired company in a merger of two public medical-device companies.
The combined company has operations in the United States and Europe. The RCCB deal team included Neil Cooper and Heather Badami with Dustin Covello on tax matters.
Representing a special-purpose private equity fund and its portfolio companies.
RCCB has represented the fund as sole outside counsel since the fund’s inception. RCCB’s representations include formation of the fund, equity financings for the fund, senior secured, and mezzanine credit facilities for the fund and its portfolio companies, incentive compensation for the fund and its portfolio companies, employment matters, select tax matters, and the fund’s first two acquisitions of transportation companies. The fund’s RCCB team is led by Roger Braunfeld and also includes Pamela Zimlin, Matt Brinker, and Dustin Covello.
Representing the seller in the sale of the company for more than $50 million to a private equity buyer.
The RCCB deal team included Roger Braunfeld, Pamela Zimlin, Michael Goldberg, and Matt Brinker with Dustin Covello on tax matters. RCCB’s private client services partner David Kovsky continues to represent the selling shareholders on their estate planning matters and private investments.
Representing H. F. (Gerry) Lenfest, a well-known Philadelphia businessman and philanthropist, in his purchase of all of the other outstanding equity interests in the holding company that owned The Philadelphia Inquirer, the Philadelphia Daily News, and Philly.com.
John Royer led RCCB in the negotiation of several purchase agreements with the other holders to complete the transaction.
REPRESENTING THE BUYER, A PRIVATE EQUITY FUND, IN ITS PURCHASE OF A LOGISTICS COMPANY.
RCCB has additionally represented the fund in two recent add-on acquisitions, as well as helped the fund with the legal aspects of integrating the add-on acquisition’s workforce and key personnel into the target. RCCB’s deal team for the fund is led by John Royer on corporate matters, and is assisted by Dustin Covello on tax matters.
Representing an owner and operator of solar and other alternative energy facilities in connection with two separate acquisitions of solar generation projects in Maryland, aggregating approximately 22 MW of solar power.
RCCB has also represented this company in connection with a power purchase agreement entered into with a school district pursuant to which our client will install solar generation systems at, and provide electricity to, three schools within the district.
REPRESENTING THE BUYER, A PRIVATE EQUITY FUND, IN ITS PURCHASE OF A PROVIDER OF INVESTMENT ADVISORY SERVICES AND WEALTH MANAGEMENT AND FINANCIAL PLANNING SUPPORT SOLUTIONS.
The RCCB deal team was led by John Royer with the assistance of Pamela Zimlin. RCCB has additionally represented the portfolio company in a recent Series B financing transaction, as well as in other general corporate matters. RCCB’s deal team for these matters is led by John Royer on corporate matters, and is assisted by Dustin Covello on tax matters.
Representing the selling group in a deal that could be in excess of $30 million with earnouts.
The selling group included two founding shareholders who grew an internet consulting company from infancy to exit. RCCB’s deal team included Neil Cooper, Matt Brinker, Heather Badami, and Dustin Covello on tax matters.
Representing the seller, a FinTech company formed to provide technology solutions for hedge funds and other types of asset managers, in an approximate $9-million asset sale of a division of the company to a strategic buyer, which transaction closed in February 2016.
Given that the seller intended to keep and continue to operate related aspects of its business, the transaction included complex intellectual property issues to resolve between the seller and the buyer. RCCB’s deal team was led by Roger Braunfeld and Pamela Zimlin, along with Jill Klotzbach and Dustin Covello on tax matters. RCCB will continue to represent the seller in other matters.
Representing the U.S. target, an application software company, in a sale to an international public company.
The RCCB deal team was led by Neil Cooper, along with Dustin Covello on tax matters.
Representing investor Brook Lenfest in his participation in a $25 million expansion-stage investment in Philadelphia-based Honeygrow, a fast-casual restaurant chain.
Mr. Lenfest was represented by John Royer in this round as well as in the earlier initial rounds of investment in Honeygrow.
Representing the U.S. shareholders in international tax planning matters for the sale of a resort property in Costa Rica.
Working with local Costa Rican corporate and tax counsel, partner Dustin Covello advised the U.S. shareholder in tax-minimization strategies and compliance matters in connection with the sale.
Representing Cenveo, Inc., a leading global provider of custom labels, envelopes, commercial print, content management and publisher solutions, in connection with a number of acquisitions and dispositions of various businesses.
RCCB’s deal team for the company is led by John Royer on corporate matters.
Representing Decision Strategies International, Inc., a strategy and leadership advisory firm, in the sale of substantially all of its assets to Heidrick & Struggles International, Inc., an international consulting and executive search firm.
The RCCB team was led by John Royer and Alyssa Brodzinski and assisted by law clerk Jill Klotzbach, as well as Dustin Covello on tax matters.
Representing private lender in various professional practice loans and the formation of a private investment fund to invest in professional practice loans.
RCCB has represented the lender in various acquisition and refinancing transactions as the senior secured lender as well as the second lien lender behind traditional banks. The lender’s RCCB team is led by Roger Braunfeld and Alyssa Brodzinski and also includes Heather Badami, Matt Brinker, and Michael Goldberg.
Representing an urgent care medical center management company in connection with a joint venture transaction.
The transaction will enable the newly formed entity to open and manage multiple additional urgent care medical centers. RCCB’s deal team was led by John Royer on corporate matters, and by Dustin Covello on tax matters.
Representing the U.S. founder in the migration of his startup software company to the United Kingdom.
Dustin Covello led the migration.
Representing the departing shareholders in a split-up transaction involving a consulting company.
The departing shareholders desired to acquire the company’s subsidiary. Pamela Zimlin led RCCB’s deal team, and Dustin Covello assisted in tax planning for the split up and the subsidiary’s ongoing operations.
Representing a medical device company in its offering of approximately $5 million in convertible promissory notes.
The transaction was led by John Royer and Heather Badami and assisted by Matt Brinker.