Private Equity

Whether forming funds, closing acquisitions, representing portfolio companies, or negotiating exits, Venable's private equity lawyers have the competence, vision, and energy needed to partner with our clients and meet their business goals.

Venable's private equity law team has extensive experience handling transactions for private equity funds across various types of asset classes and geographies, including LBOs and MBOs. We pay particular attention to risk allocation among the parties, including the use of representation and warranty insurance – always working to secure the most beneficial terms possible for our clients.

We routinely represent companies owned by private equity funds as they mature and become positioned for subsequent sale. Within our broad private equity practice, we regularly leverage the strengths of our robust regulatory and intellectual property groups to advise funds and portfolio companies investing in highly regulated industries, such as government contracts, food, energy, and healthcare. Our experience in healthcare includes pharmaceuticals, biotech, and related technological areas where our nationally recognized technology group helps secure and assess patents.

In addition to our transactional capabilities, Venable has a diverse fund formation practice representing venture capital, real estate, growth, and hedge funds with respect to formation, fund governance, and tax planning and structuring. We regularly work with emerging fund managers to help them build impressive track records; with impact investors developing funds that have both a social and economic return; and with new and existing funds that invest in emerging-market projects and enterprises in cross-border transactions.

Fully committed to their clients' success, our attorneys understand the intensely competitive nature of the private equity industry and are prepared to match that intensity to help our clients succeed.


Private Equity Transactions

  • Represented a large family office in the acquisition and financing of 14 affiliated businesses and 39 associated owned and leased real estate properties
  • Represented a diversified family holding company and its operating company, which owns a chain of car dealerships, in refinancing its syndicated credit facility with an aggregate principal amount of nearly $1.5 billion. Venable also represented the family holding company in its initial purchase transaction, the related credit facility, several ensuing amendments and joinders, and in an approximately $620 million refinancing of an existing syndicated credit facility
  • Represented a diversified family holding company in its stock purchase of a large independent commodities producer, which closed for $1.245 billion. The acquisition was structured as a purchase of equity interests and followed a competitive auction process. The purchase price was financed with a mix of debt and equity capital
  • Represented a private equity fund in multiple acquisitions and related debt financings, resulting in its ownership of four restaurant brands with over 350 locations and 70 parcels of real estate across the United States
  • Advised a private equity fund and its affiliates in the acquisitions of several early childhood education schools throughout Florida, North Carolina, and Minnesota. Venable also represented the fund in the acquisitions of the real property where the schools are located and in obtaining financing for several of the transactions
  • Advised a software security portfolio company in the sale of its security solutions business, which provides enterprise endpoint protection solutions. The transaction was structured as an equity sale with an earn-out component
  • Represented the portfolio company of a private equity group in its purchase of a division from General Electric Corporation and related debt financings
  • Represented a private equity firm in the acquisition of a group of clothing stores, related debt financing, and rollover equity investment by founders
  • Representing a U.S.-based private equity fund in growth investments in private companies involving technology, products, and services
  • Represented a U.S.-based private equity fund in numerous purchases and sales of portfolio companies, including transactions involving managers of portfolio companies
  • Assisted a European fund in the acquisition of a pharmaceutical company. Worked with our FDA group with respect to due diligence issues and to assess regulatory risks
  • Represented a U.S.-based middle-market private equity fund with respect to numerous investments, including acquiring a company in the machining industry with significant operations in the United States, France, Germany, and Sweden
  • Handled the sale of numerous Latin American-based portfolio companies, spanning various sectors, including fintech, logistics, finance, and consumer products, on behalf of a major Latin American fund
  • Handled the acquisition by a mid-Atlantic-based fund of continuing-care facilities across the United States
  • Handled the acquisition by a New York-based fund of a cutting-edge alternative energy platform company
  • Handled investments in numerous early-stage food and confection companies
  • Represented a private equity fund with a Latin American focus, in offshore and onshore aspects of transactions in Mexico, Brazil, Venezuela, Colombia, Argentina, and Chile

Private Equity Fund Formation

  • Advised an investment fund with an active diversification strategy on its formation and governance-related efforts
  • Assisted a middle-market fund in Mexico with raising $130 million
  • Represented a major investment fund in its governance and fund formation efforts
  • Represented fund managers in the formation of their first fund
  • Assisted a renewable energy fund with raising nearly $300 million


  • Legal 500
    • M&A: Middle-Market (sub-$500m) (Tier 1), National, 2014 – 2023
    • Leading Lawyer, M&A: Middle-Market (sub-$500m), 2012 – 2021
    • Leading Lawyer, Technology: Transactions, 2014 – 2019
  • U.S. News – Best Lawyers
    • Best Law Firms, Mergers & Acquisitions Law (Tier 1) National, 2011 – 2023
    • Best Law Firms, Mergers & Acquisitions Law (Tier 1) Baltimore, 2011 – 2023
    • Best Law Firms, Mergers & Acquisitions Law (Tier 1) Washington, DC, 2011 – 2023
    • Best Law Firms, Corporate Law (Tier 1), National, 2011 – 2020
    • Best Law Firms, Corporate Law (Tier 1), Baltimore, 2011 – 2023
    • Best Law Firms, Leveraged Buyouts and Private Equity Law (Tier 1), Baltimore, 2011 – 2023
  • The Best Lawyers in America, Lawyer of the Year, 2015, 2017 – 2020
  • Chambers USA
    • REITS: Maryland Counsel (Band 1), Nationwide, 2010 – 2023
    • Corporate/M&A (Band 1), Maryland, 2011 – 2023
    • Star Individual, REITs: Maryland Counsel, Nationwide, 2014 – 2022