Insights

Choate Represents Serent Capital in Investment in Casino Cash Trac

Choate represented Serent Capital in its strategic minority investment in Casino Cash Trac (CCT), a leading provider of enterprise software solutions for casino operations and revenue audit automation. CCT currently serves over 300 casinos across the United States, Canada and the Caribbean, and helps operators streamline financial workflows and reduce audit-related labor costs.

Choate Represents Sverica Capital Management in Continuation Fund for Stream Companies Holdings

Choate represented Sverica Capital Management LP, a private equity investment firm, in its successful closing of a continuation fund transaction for Stream Companies Holdings, LLC. Stream, made up of Stream Agency and fullthrottle.ai, is a leading provider of marketing software and services primarily serving U.S. automotive dealers and original equipment manufacturers.

Mission Cloud Services, a Great Hill Partners Portfolio Company, Acquired by CDW

Choate represented Great Hill Partners and its portfolio company, Mission Cloud Services Inc., in the sale of Mission to CDW (NASDAQ: CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada.

Choate Represents Venminder in Acquisition by Ncontracts

Choate represented Venminder, a unified platform for managing third-party risk, in its acquisition by Ncontracts, a leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry.

Spectrum Equity Makes Strategic Investment in Varicent

Choate represented Spectrum Equity in its strategic investment in Varicent, the industry leader in sales performance management (SPM) software.

Vidia Equity Closes Oversubscribed €415M Climate Fund I

Choate represented Vidia Equity, a Munich-based investor in industrial decarbonization climate solutions, in the formation of its oversubscribed €415M Vidia Climate Fund I.

La Famiglia Joins Forces with General Catalyst

Choate is proud to have provided US counsel to La Famiglia, a seed-stage venture capital firm based in Berlin, in its combination with General Catalyst, a Cambridge, MA and Silicon Valley based venture capital firm.

Hostaway Receives $175M Strategic Growth Investment from PSG

Choate represented Hostaway, a leading all-in-one vacation rental software and management system based in Finland with significant operations in Canada, in its $175M strategic growth investment led by PSG.

Carried Interest Would Be Taxed at Ordinary Income Tax Rates Under Newly Proposed Legislation

On July 27, 2022 Senate Majority Leader Chuck Schumer and Senator Joe Manchin issued a joint statement announcing an agreement to add the Inflation Reduction Act of 2022 to the FY2022 Budget Reconciliation Bill, which includes limitations for Private Equity managers to benefit from capital gains treatment on their carried interest.