Insights

Summit Partners Makes $55M Growth Investment in Instrumentl

Choate represented Summit Partners in its $55M growth investment in Instrumentl, a leading intelligent full-lifecycle grant solution for nonprofits and universities.

Choate Lawyers Ranked for “Elite” Market-Leading Work

J.P. Jaillet, Brian Lenihan, Eric Marandett, and T.J. Murphy have been ranked in the inaugural edition of the Legal 500 US City Elite in recognition of their high-quality, market-leading work.

Choate Represents M|C Partners in Strategic Investment in i4cp

Choate represented M|C Partners, a Boston-based private equity firm, in a strategic investment in The Institute for Corporate Productivity (i4cp).

Choate Represents Litmus Software in Acquisition by Validity

Choate represented Litmus Software, a portfolio company of Spectrum Equity and the leading global provider of email optimization and testing solutions, in its acquisition by Validity, a leading provider of marketing success and customer data intelligence solutions.

Rick Thide Recognized for Excellence in the Finance Industry

Rick Thide has been named as one of the Secured Finance Network’s 40 Under 40 in recognition of his track record for excellence in the finance industry.

Choate Represents Rob Hale in $6.1B Acquisition of Boston Celtics

Choate represented Boston-businessman Rob Hale and his affiliate companies, Copley Equity Partners and Fox Rock Capital, in the $6.1B acquisition of the Boston Celtics.

Franchise Group Intercreditor Dispute Results in More Lender vs. Lender Litigation

The Franchise Group, Inc. (the “Debtors”) bankruptcy case in the District of Delaware has been a battleground for lender-on-lender skirmishes involving the Debtors’ first- and second-lien lenders.

SEC Staff Guidance Eases Sponsor Verification of “Accredited Investor” Status for Regulation D 506(c) Offerings

The SEC issued a No Action Letter (“Staff Guidance”), providing that a potential investor’s ample minimum investment, coupled with self-certification of “accredited investor” status under Regulation D, allows a private fund or other issuer seeking to rely on Rule 506(c) to conclude that it has taken “reasonable steps” to verify the potential investor is an accredited investor.

Choate Represents NinjaTrader and Long Ridge Equity Partners in $1.5B Sale to Kraken

Choate represented NinjaTrader, a U.S. retail futures trading platform and Long Ridge Equity Partners portfolio company, in a landmark $1.5B sale to cryptocurrency exchange Kraken.