Recent Representative M&A Transactions

  • Represented Grand Canyon Education, Inc. (Nasdaq: LOPE), an education services company, in its acquisition of Orbis Education Services, LLC, an education services company that supports healthcare education programs for regionally accredited universities across the United States, for US$362.5 million (2019).
  • Represented Universal Avionics Systems Corporation, a manufacturer and distributor of avionics equipment, in its sale for US$120.0 million to Elbit Systems Ltd., an Israeli defense company (2018).
  • Represented Grand Canyon Education, Inc. (Nasdaq: LOPE) in the sale of its 275-acre campus, improvements and related assets comprising Grand Canyon University to a nonprofit entity for approximately US$875.0 million and the related entry into long-term master services agreement under which GCE provides technological, counseling, marketing, financial aid processing and other support services to GCU. The transaction established GCU, which has 20,000 ground students, 70,000 online students, nearly 7,500 full-and part-time employees, and a leading NCAA Division I sports program competing in the Western Athletic Conference, as one of the largest nonprofit universities in the US. At the same time, it established Grand Canyon Education, which remains publicly traded on Nasdaq and operated with 2,600 full-time continuing employees, as the largest educational services provider in the higher education industry (2018)
  • Represented Colony Starwood Homes (NYSE: CSH) in its acquisition of a portfolio of 3,100 single family homes from Waypoint/GI Venture, LLC for US$815.0 million (2017).

Recent Representative Capital Markets Transactions

  • Represented STORE Capital Corporation (NYSE: STOR) in its public offering of US$350.0 million aggregate principal amount of senior unsecured notes (2019).
  • Represented STORE Capital Corporation (NYSE: STOR) in the issuance, through a special purpose subsidiary, of US$592 million aggregate principal amount of long-term fixed-rate notes designated as STORE Master Funding Net Lease Mortgage Notes, Series 2018-1 (2018).
  • Represented Everi Holdings Inc. (NYSE: EVRI) in its 144A offering of US$375.0 million aggregate principal amount of senior unsecured notes and related US$820.0 million senior secured term loan (2017).
  • Represented STORE Capital Corporation (NYSE: STOR) in its US$230.0 million public offering of common stock (2017).

Recent Representative Emerging Growth/Venture Capital Transactions

  • Represented Paradox, Inc. in its $13.3 million Series A preferred stock financing led by institutional investors (2019).
  • Represented SmartRent.com, Inc. in its $32.0 million Series B preferred stock financing led by Bain Capital Ventures and other institutional investors (2019).