M&A Advisory
K&L Gates
Full Credential Description
Presidio Investors faced the challenge of executing a continuation fund strategy to maximize long-term investment growth and returns for stakeholders while acquiring a controlling interest in ElevATE Semiconductor, a company specializing in low-power, high-density components for automated test equipment. The need for a tailored solution arose from the complexities involved in transitioning ownership and ensuring the continuation of ElevATE's growth trajectory. K&L Gates LLP provided a comprehensive legal advisory service to Presidio Investors, guiding them through the final close of the ElevATE Semiconductor Continuation Fund. This involved structuring the continuation vehicle to acquire a majority stake in ElevATE from Presidio Investors Fund II and other shareholders. The K&L Gates team, led by partners Ed Dartley and Adam Tejeda, facilitated the fund launch and the acquisition transaction, ensuring that all legal and regulatory requirements were met while aligning with Presidio's strategic goals. As a result of this tailored approach, Presidio Investors successfully executed a multiyear strategy that bolstered ElevATE's sales channels and enhanced its research and development capabilities. This strategic acquisition not only solidified Presidio's investment in ElevATE but also positioned the company for future growth in a competitive market, demonstrating the effectiveness of continuation funds in achieving significant investment outcomes.