Biography
Tim Levy focuses his practice on representing emerging and middle-market technology and healthcare companies, as well as investors in venture capital, private equity, and mergers and acquisitions transactions. Tim brings decades of experience as an attorney counseling entrepreneurs, investors, and executives, in addition to holding various C-level executive roles.
Earlier in his career, Tim served as Vice President and Corporate Counsel of Safeguard Scientifics, Inc., a provider of capital to emerging and growth-stage healthcare and technology companies. Tim is also a successful entrepreneur, having co-founded three companies. The first was VarsityBooks.com Inc., an early e-commerce company that went public in 2020, and the second was The K-12 Group, Inc.,a provider of goods and services to parents and students in grades K-12 that was acquired by a larger competitor. He continues to be an active entrepreneur today, serving as creator, founder and owner of Fairways & Dreams Indoor Golf, the premier indoor golf center in the Philadelphia area.
Client Experience
- Outside general counsel advising clients on day-to-day operational and legal issues to mitigate risk, streamline operations, and drive growth through pragmatic solutions that balance business and legal priorities
- Leading mission-driven personal care brand as outside general counsel and in several rounds of financings, culminating a growth equity transaction with a large private equity fund
- Leading ergonomic office and innovative gaming products manufacturer as outside general counsel and its acquisition by a strategic private-equity-backed acquirer
- Leading national producer and seller of zero alcohol wine and spirits as outside general counsel and in connection with capital raising transactions
- Preeminent technology-enabled insurance company as outside general counsel from formation through exit to a large private-equity backed competitor, including in connection with several rounds of equity and debt financings
- National, private-equity-backed auto body and glass company in a series of nationwide acquisitions
- National home restoration company in a series of nationwide acquisitions
- Emerging growth companies in angel and venture capital financings and debt financings
- Numerous venture capital investors in venture capital financings
- Sell-side and buy-side clients in many M&A transactions
Representative Matters
- Represented a producer of zero alcohol wine and spirits in connection with its issuance of approximately $5 million of new Series A Preferred stock.
- Represented a robotics company in a $10 million equity financing.
- Represented a technology-enabled insurance company in connection with an aggregate of approximately $15 million in equity and debt financings.
- Represented a technology company in the logistics industry in connection with an aggregate of approximately $20 million in equity and debt financings.
- Represented a company providing data labeling and AI technology testing for government and commercial clients in equity and debt financings.
- Represented a FinTech company in connection with an aggregate of approximately $2.5 million in Series A and Series A-1 financings.
- Represented a Blockchain software company in connection with a $3 million Series Seed financing.
- Represented a private equity fund in connection with a series of equity and debt investments in a real estate technology company in the aggregate amount in excess of $60 million.
- Represented a private equity fund in connection with a debt facility and equity investment in an automobile financing company in excess of $50 million.
- Represented a venture capital fund in connection with a $4.5 million Series A financing of a HealthCare IT company.
- Represented a private equity fund in connection with a series of equity investments in a motorcycle leasing company in the aggregate amount of $4 million.
PRIVATE EQUITY AND M&A
- Represented a leading mission-driven personal care brand in several rounds of financing, culminating in a growth equity transaction with a large private equity fund.
- Represented an HVAC company and its CEO and president in its sale to private equity for nearly $75 million in cash and rollover equity.
- Represented a leading ergonomic office and innovative gaming products manufacturer in its acquisition by a strategic private equity-backed acquirer.
- Represented an East-Coast-based heating and air conditioning company in its acquisition by a private equity-backed portfolio company.
- Represented a technology-enabled consulting company in the acquisition of its equity by a private equity fund.
- Represented a Finnish development platform company in its acquisition by a private equity fund.
- Represented a national, private equity-backed auto body and glass company in a series of nationwide acquisitions with an aggregate value of approximately $200 million.
- Represented a healthcare company in connection with a leveraged buy-out of the company by a private equity buyer, where the company’s enterprise value was approximately $66.5 million. In connection with the leveraged buy-out, advised the company on its new syndicated senior secured credit facility in the amount of $38.5 million.
- Represented a private, Philadelphia-based software company in connection with its stock sale to a strategic buyer for approximately $8 million.
- Represented a FinTech company in connection with its sale to a strategic buyer where the company’s enterprise value was $7 million.
- Represented a healthcare services company in connection with its sale to a search fund-backed buyer for approximately $6.85 million-plus rollover equity.
Personal Insights
My Greatest Strengths
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Keeping my sense of humor no matter the situation, in order to help my clients achieve their goals.
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Helping emerging companies with their legal needs when growing their business from an idea to a “real” company.
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Venture capital financings.
I WANT YOU TO KNOW
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Prior to joining RCCB, I was a partner at the global law firm Duane Morris.
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A few years after I graduated from law school, I co-founded VarsityBooks.com, which became a leading college-oriented eCommerce company with more than 200 employees and an IPO in early 2000.
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Also prior to joining RCCB, I was Vice President & Corporate Counsel at Safeguard Scientifics, Inc., an NYSE-listed company that provides capital to emerging and growth-stage technology and health care companies.
WHAT MAKES ME UNIQUELY ME
- I caddied for Bill Clinton’s team in a golf tournament on Martha’s Vineyard.
What Drives Me
- Whether it be a graduate student who is passionate about an idea and doesn’t want to go back to Wall Street or a seasoned entrepreneur selling their company in a transaction that needs to close sooner than seems possible, I am passionate about helping entrepreneurs achieve their goals.
Focus
Practice Focus
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Venture Capital & Private Equity
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Mergers & Acquisitions
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Business & Commercial Transactions
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Debt & Equity Financing Transactions
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Business Formation
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Partnerships & LLCs
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Corporate Governance
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Employment & Consulting Agreements
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General Business & Corporate Counseling
INDUSTRIES
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Emerging companies
- Consumer companies
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Technology
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Internet & eCommerce
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AdTech
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FinTech
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Healthcare IT
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Medical devices & diagnostics
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Life sciences
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Family-owned businesses
News
News
Publications
Speaking Engagements
Community & Professional
Community & Professional
Mid-Atlantic Venture Association, Former member of the Board of Directors
Practice Areas
Clerkship
- Judicial Clerkship for the Honorable William A. Dreier, Presiding Judge, New Jersey Superior Court, Appellate Division, 1996-1997
Education
J.D., With Honors, The George Washington University Law School, 1996
- The George Washington Journal of International Law and Economics, member
B.A., Columbia University, 1992
Admissions
- Pennsylvania
Virginia
District of Columbia
U.S. District Court for the District of New Jersey