M&A; Venture Capital
- ELG represented the founding shareholder in a buyout of his business partner to become the sole owner of a metals and recycling business. The transaction involved multiple entities and trusts holding assets, stock and real property .
- ELG represented the owners in a sale of their dental practice to a new dental group and financing arrangements and transition services for the underlying transaction.
- Represented a buyer in the stock acquisition of a lawn maintenance business for approximately $1.1 million. This transaction included navigating the requirements for a Paycheck Protection Program loan and funding from the Small Business Administration.
- ELG represented a leading e-commerce company in an organizational restructuring and a $10.0 million venture capital co-investment by private equity funds.
- ELG represented the majority shareholders of an integrated steel processing and framing products business in a change-in-control transaction, including a tax-free contribution of assets in exchange for rollover equity and a sale of personal goodwill, valued at approximately $19.0 million.
- ELG was listed in the league tables of the Merger Market (NY), for its representation of Omron Management Center of America, Inc., in connection with its agreement to acquire the Safety Products Group of Scientific Technologies Incorporated (NASDAQ: "STIZ") for over $100 million.
- ELG represented the shareholders of one of the largest independent U.S. distributors of refined fuels to commercial and industrial users in the sale of their business for approximately $27.0 million.
- A team of ELG attorneys, simultaneously closed the following three transactions for an ELG client: (i) investment of $2.3 million of subordinated debt into ELG's client; (ii) acquisition by ELG's client of a majority interest in a web-based seller of camping equipment and other outdoor gear, with aggregate consideration of approximately $8.0 million; and (iii) amendment of the client's existing revolver with its senior lender, providing up to $14.0 million of credit availability.
- ELG represented a client that processes and distributes mobile devices and technology in the acquisition of its new world headquarters in greater Chicago for approximately $3.25 million.
International Business Transactions
- ELG represented a healthcare concern in the sale of a medical products subsidiary in San Antonio, Texas for approximately $3.0 million to a Korean company.
- ELG represented the acquirer of a medical distribution company in Mexico for approximately $4.0 million.
- Represented an asset recovery company in connection with multiple acquisitions, divestitures and joint ventures in excess of $55.0 million in Brazil, Columbia, Mexico, United Kingdom, Hong Kong and China.
Banking & Finance
- A team of ELG attorneys represented a leading health and fitness institution in connection with a $60 million syndicated loan facility. The loan is secured by a first priority mortgage on commercial real estate.
- ELG represented a client in connection with a $2.5 million loan facility secured by a first priority mortgage and assignment of leases and rents on commercial real estate from a national bank.
- ELG represented a client in connection with a Small Business Administration loan of approximately $1 million to finance the stock acquisition of a company.
- ELG represented a local bank participating as a co-lender in a senior secured syndicated credit facility to a leading global developer and manufacturer of highly engineered, precision surface finishing equipment.
- ELG represented a health, fitness, and dining club in connection with a modification of an existing $60 million syndicated term loan facility, increasing the commitment amount to $65 million and extending the term, among other changes. The term loan is secured by a first priority mortgage and assignment of leases and rents on commercial real estate.
- ELG represented an online retailer in connection with a loan modification, increasing the commitment amount to $45 million and extending the term.
- ELG represented a middle market web retailer in the closing of a $31.5 million senior secured revolving credit and term loan facility.
Litigation
- ELG has successfully defended several clients in connection with lawsuits under the Americans with Disabilities Act in which plaintiffs claim that the clients’ respective websites are inaccessible to individuals with disabilities.
- ELG obtained a favorable settlement of its freight broker client’s claims for fraud and breach of accounts receivable financing contracts in Federal Court litigation in Los Angeles.
- ELG successfully resolved breach of contract claim against our client for alleged breach of title agent agreement. Our attorneys negotiated to have the client's insurance company make a substantial contribution to the settlement amount notwithstanding their position that no coverage was required.
- ELG obtained a successful resolution for a client whose employer, based in Arizona, breached a non-compete agreement of the client based in Louisville, Kentucky.
- ELG successfully represented a client before the Illinois Human Rights Commission and obtained dismissal of claims of employment discrimination by a former employee.
Appeals Experience
- ELG won the dismissal in Illinois State Court of an insurer’s claims against ELG’s client under the Illinois Contribution Among Joint Tortfeasors Act, based upon the insurer’s failure to assert its contribution claim in an underlying Oklahoma case and election to assert a separate claim in Illinois. ELG subsequently won the insurer’s appeal of the dismissal of its contribution claims. Certain Underwriters at Lloyd’s London v. Reproductive Genetics Institute, Inc., 2018 IL App (1st) 170923.
- ELG won a reversal in the Seventh Circuit of the District Court’s dismissal of its client’s trademark infringement Complaint. Hyson USA, Inc. v. Hyson 2U, Ltd., 821 F.3d 935, 941 (7th Cir. 2016).
- ELG won a reversal in the Illinois Appellate Court of the trial court’s judgments which had ruled against ELG’s commercial landlord client on its forcible entry and detainer claims and for the tenant on the tenant’s damages claims. The Illinois Appellate Court held that the trial court had erred in all aspects of its judgments, vacated the judgments and found for ELG’s client without remanding the case for a new trial. Giannopoulos v. Pitaya, Inc., 2016 IL App (4th) 150284-U.