M&A Advisory
K&L Gates
Full Credential Description
Presidio Investors faced the challenge of maximizing long-term investment growth and returns for stakeholders through innovative financial strategies. To address this, they engaged K&L Gates LLP to assist in the final close of a continuation vehicle related to the acquisition of ElevATE Semiconductor, a company specializing in low-power, high-density components for next-generation automated test equipment. This continuation fund allowed Presidio to acquire a controlling interest in ElevATE from Presidio Investors Fund II and other shareholders. The tailored solution provided by K&L Gates involved a strategic approach to fund launch and acquisition, led by partners Ed Dartley, Adam Tejeda, Kevin Stichter, and Jonathan Barron. The firm’s expertise facilitated the successful execution of a multiyear strategy that Presidio had implemented since acquiring a majority stake in ElevATE in 2018, which focused on enhancing sales channels and investing in research and development capabilities. As a result of this collaboration, the ElevATE Continuation Fund transaction exemplified a cutting-edge strategy that not only secured a controlling interest in a promising technology firm but also positioned Presidio Investors to achieve significant long-term growth and returns for its stakeholders.