Insights

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.

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.

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.

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 BS&A, a Serent Capital Portfolio Company, in Acquisition of Boyce Systems

Choate represented Serent Capital and its portfolio company, BS&A Software, in the acquisition of Boyce Systems. BS&A is a leading provider of cloud-based municipal enterprise resource planning (ERP) solutions, and Boyce Systems, with its Keystone software, is one of Indiana's top providers of financial and ERP solutions for municipalities.

Structuring Search Fund Investments as “Qualified Small Business Stock”

Common search fund investment targets range in enterprise value from $5 to 15 million, are founder-owned, and are organized as “S” corporations for tax purposes or as LLCs classified as partnerships. With this target profile, it is often possible to structure search fund investments as investments in “qualified small business stock” (“QSBS”).

Choate Represents Empyrean Solutions in Significant Investment from Hg

Choate represented Empyrean Solutions, a leading provider of risk and performance management software for financial institutions, in a significant strategic investment from Hg, a leading investor in European and North American software businesses.

Choate Represents Guidepost Growth Equity in £42M Investment in Kaizen Regtech Group

Choate represented Guidepost Growth Equity in its £42 million growth equity investment in Kaizen Regtech Group Limited, a company that offers a range of services for financial institutions in connection with regulatory reporting, managing shareholder disclosure, trade surveillance, and research management.

Choate Represents Summit Partners and eClinical Solutions in Growth Investment by GI Partners

Choate represented Summit Partners and its portfolio company, eClinical Solutions, in a majority investment by GI Partners into eClinical.