< PreviousINDIVIDUAL LAWYER AWARDS & RECOGNITIONS Heather Arbogast PARTNER | BALTIMORE Emerging Leader – The M&A Advisor Generation J.D. Honoree – The Daily Record Timothy Callahan PARTNER | CHICAGO M&A Client Service All-Star – BTI Consulting Group J.D. Costa PARTNER | CHARLOTTE M&A Client Service All-Star – BTI Consulting Group Clare Lewis PARTNER | CHARLOTTESVILLE Emerging Leader – The M&A Advisor David Hornyak PARTNER | PITTSBURGH Named to Best Law Firm Mentor List – The Legal Intelligencer 10 M&A SPOTLIGHTGreg Kilpatrick PARTNER | CHARLOTTE M&A Client Service All-Star – BTI Consulting Group MCAA Rainmaker – Minority Corporate Counsel Association David McLean PARTNER | DALLAS Named an Influential Business Leader –D CEO Magazine’ Dallas 500 Kenneth Noble PARTNER | NEW YORK Legal Advisor of the Year in Turnaround Awards – The M&A Advisor Joanne Katsantonis DEPUTY MANAGING PARTNER | RICHMOND Energy & Industrials Dealmaker of the Year – The Deal Awards Women, Influence & Power in Law Award Recipient – Corporate Counsel Amber Walsh PARTNER | CHICAGO Women, Influence & Power in Law Award Recipient – Corporate Counsel Midwest Trailblazer – The American Lawyer 11 M&A SPOTLIGHTCOMMITMENT TO THOUGHT LEADERSHIP The “Across the Table” podcast features timely and relevant discussions with professionals in the healthcare private equity and finance industry. Firm lawyers share latest developments, provide insight, identify issues and offer takeaways. Our lawyers collaborate across industries and legal disciplines to shape and share knowledge that keeps busy clients up-to-date on information essential to their businesses — via timely alerts , blogs , webinars , seminars , databases and other industry-leading publications and events. Please find just a sampling below. “ Deal-by-Deal ” a podcast explores middle-market mergers and acquisitions with independent sponsors and other private equity professionals who employ the independent sponsor model. “ Deal Us In ,” a podcast by McGuireWoods and 7 Mile Advisors , promotes the advancement of women in private equity and finance through conversations with the industry’s women leaders and rising stars. They offer insights and practical takeaways to inform deal work decisions and culturally enhance organizations. “ The Corner Series ” of podcasts features commentaries from lawyers, bankers and other specialists about the developments and issues dominating today’s middle-market private equity industry. The Professor’s Corner explores business and legal issues prevalent in today’s private equity market. Deal -by- Deal 12“Dealmakers & Women in Private Equity to Know” profiles women leaders in private equity through a multipart online interview series: Up-and-Coming Women in PE to Know, Women in PE to Know and Celebrating Women Dealmakers. To help us celebrate a dealmaker’s success story or recommend a female equity investor for a future interview, contact partner Amber Walsh. “Edible Bites,” video webinar series, covers important information from the cannabis and life sciences industries, with a focus on regulatory and transactional issues, trends and best practices. “The Healthcare Investor” blog highlights private equity investors in the healthcare and life sciences space, discussing issues they face and trends impacting their investments. The “ A View from the Top ” interview series profiles C-suite leadership of private equity-backed portfolio companies. To recommend a leader for an interview, contact partner Holly Buckley. The “Independent Sponsor Spotlight” series features interviews with impressive independent sponsors. To recommend an independent sponsor for an interview, contact partner Jon Finger. A View from the Top 13 M&A SPOTLIGHT2021 was an unforgettable year for many. For the private equity and finance industry, it was marked by record deal activity and an everchanging market landscape. For McGuireWoods Women in Private Equity & Finance Initiative (WPEF), it was marked by an enhanced commitment to diversity, equity and inclusion; increased connections; a return to in-person events; and continued acknowledgement of leading women in the private equity and finance space. As we welcome 2022, we reflect on the past and the headway we made as a community. It’s been more than five years since we launched our WPEF Initiative. What started as an aspiration to promote the advancement of women is now a community of more than 1,200 women professionals who inspire and provide connectedness to support women seeking careers in the industry. Over the years, we have engaged in networking receptions, panel discussions and gatherings that featured speakers like Pulitzer Prize-winning Doris Kearns, bestselling author Monica Mehta and award-winning influence expert Melinda Marcus. In addition, we shared thought leadership on what’s driving growth of women in private equity, and we’ve hosted a number of virtual gatherings. Since 2019, we have highlighted nearly 50 women in three separate online series: “Celebrating Dealmakers,” “Women in PE to Know” and “Up-and-Coming Women in PE to Know.” Since 2020, we have released 15 episodes of our “ Deal Us In ” podcast featuring women leaders offering insight on topics ranging from navigating work and family during the COVID-19 pandemic, to the evolving role of business development in private equity, to the challenges women of color face in male-dominated fields. In September 2021, we unveiled our long-awaited online directory, “WPEF Connect,” to facilitate deeper connections among women in the network. And in October, we welcomed more than 75 women to McGuireWoods’ Independent Sponsor Conference in Dallas for a panel discussion on “Knowing Your Brand” – our first in-person event in almost two years. Through our initiative and our growing network, we have helped to lay foundations for women in private equity and finance. Together, we help support each other in our careers, our deal-making and in our relationship building. As we start the new year, we are excited to further build on these foundations with community in mind and progress in plain view. For more information on WPEF, or to recommend outstanding women professionals and rising stars for a future interview or suggest a topic and/or guest for a future podcast episode, contact partners Amber Walsh and/or Penny Zacharias . KEY CONTACTS PENNY E. ZACHARIAS PARTNER +1 412 667 7937 pzacharias@mcguirewoods.com Pittsburgh, PA AMBER MCGRAW WALSH PARTNER +1 312 750 3596 awalsh@mcguirewoods.com Chicago, IL TAKING INITIATIVE: WOMEN IN PRIVATE EQUITY & FINANCE INDUSTRY-LEADING INITIATIVES 14 M&A SPOTLIGHTRecognizing the opportunity independent sponsors (IS) present in finding quality investments that interest capital providers, McGuireWoods adds value for clients by sharing opportunities with our network through our proprietary data-driven method. McGuireWoods’ independent sponsor program is a first-of-its-kind law firm enterprise that connects independent sponsors with capital partners, senior executives and other market participants in a pioneering private equity deal-sourcing ecosystem. In 2020, when businesses pivoted from in-person engagements to all-things-virtual in response to the COVID-19 pandemic, McGuireWoods lawyers envisioned an approach to improve on and expand the reach of the IS networking program, at a time when players in the industry needed new ways to connect and stay informed. McGuireWoods quickly transitioned its in-person regional networking groups to virtual “speed networking” meetings. The virtual format provided nationwide reach, spurring exponential growth of the program and increasing the connections between independent sponsors and capital providers. In total, McGuireWoods hosted 12 virtual speed-networking events in 2021, helping establish hundreds of new connections between independent sponsors and capital providers. The series spanned the firm’s chapters across the United States, including Atlanta, Boston, Chicago, Dallas, Denver, Florida, Houston, Los Angeles and New York. In 2021, McGuireWoods also launched “Deal-by-Deal,” a podcast that explores middle-market M&A with independent sponsors and private equity professionals who employ the IS model. To date, the firm has released seven episodes on topics such as how to approach RWI and strategies to land deals as an independent sponsor, as well as excerpts from our proprietary 2021 deal survey discussing closing and management fees. McGuireWoods also continues to share insights from industry standouts through our online profile series “Independent Sponsor Spotlight.” Since July 2019, the firm has highlighted 14 dealmakers, including seven in 2021. Recently, the firm began organizing a series of webinars and events for private equity and independent sponsors pursuing energy investments and capital providers interested in independent sponsor-led energy deals. Building upon McGuireWoods’ June and October 2021 roundtables and networking reception, the firm is offering a community-based forum in 2022 to exchange insight, share ideas and help make connections. The independent sponsor initiative has grown from a small group in Dallas, to numerous regional groups and innovative roundtable events around the country, culminating in a yearly nationwide Independent Sponsor Conference, which attracted a record-breaking 850-plus attendees in fall 2021. The premier international conference brought together independent sponsors and capital providers representing more than 600 firms and helped facilitate more than 3,000 one-on-one meetings between attending professionals. The independent sponsor initiative has helped cultivate existing relationships with both capital partners and independent sponsors and allowed associates and partners to generate new client relationships. For more information on the independent sponsor program, or to recommend an industry professional to be featured in the Independent Sponsor Spotlight series, contact partners Jon Finger or David McLean. KEY CONTACTS JON W. FINGER PARTNER +1 214 932 6404 jfinger@mcguirewoods.com Dallas, TX DAVID P. MCLEAN PARTNER +1 214 932 6401 dpmclean@mcguirewoods.com Dallas, TX INDEPENDENT SPONSORS: A PIPELINE FOR NEW CLIENTS 15 M&A SPOTLIGHTAccess to capital remains an important factor limiting the establishment, expansion and growth of minority- owned businesses. Recognizing the business value of diversity and motivated by the lack of significant change in the private equity and finance industries, McGuireWoods launched the Black Professionals in Private Equity & Finance (BPE) initiative. BPE brings together Black professionals from across the evolving investment landscape to network, cultivate relationships, explore business opportunities and promote change in the industry. In February 2021, McGuireWoods partners Greg Kilpatrick and Gerald Thomas, who co-chair BPE, discussed the initiative, their hopes for the program, their efforts to diversify private equity and the hurdles they expect to face, in a Q&A published in Thomson Reuters’ Westlaw Today. “We wanted to make a place where folks could meet each other, share experiences, form bonds and do business together,” said Kilpatrick, who also chairs the firm’s Securities & Capital Markets Department. “One of the benefits we hope will come is that more capital will go to minority-owned businesses.” Thomas, who chairs McGuireWoods’ Tax & Employee Benefits Department, added: “The feedback we’ve gotten from people in the industry and our clients has been overwhelming. Many of our clients have already reached out to us looking for ways that they could potentially partner with us on this initiative.” As part of this ongoing effort, in March 2021, McGuireWoods launched a bimonthly online profile series, “Dealmaker Spotlight,” highlighting Black dealmakers and trailblazers in the private equity and finance community. Featured professionals include Shawn Jackson of Auctus Capital Partners, Debo Adesina of Albaron Partners, Mike Smith of Footwork and Kenneth Saffold of BlackRock. McGuireWoods’ deal work and innovations distinguish the firm as a leader in private equity and finance. BPE will build on that success by helping Black private equity and finance professionals expand their relationships and opportunities. For more information on BPE, or if you are interested in joining the network, contact partners Greg Kilpatrick and/or Gerald Thomas. BLACK PROFESSIONALS IN PRIVATE EQUITY & FINANCE: PROMOTING CHANGE IN THE INDUSTRY KEY CONTACTS GREG KILPATRICK PARTNER +1 704 343 2029 gkilpatrick@mcguirewoods.com Charlotte, NC GERALD V. THOMAS, II PARTNER +1 404 443 5614 gthomas@mcguirewoods.com Atlanta, GA HELP BUILD A SUPPORTIVE ECOSYSTEM OUR APPROACH 2022 MAKE CONNECTIONSFORM PARTNERSHIPSGROW COMMUNITYBE A RESOURCE Employ our existing network to promote the initiative and drive introductions. Invite participation and establish relationships via our perspective series, quarterly roundtables and regular thought leadership. Host networking events in select cities and key centers of activity as well as at numerous McGuireWoods conferences and events. Provide a forum for the exchange of ideas and help source business opportunities with those sharing similar business objectives. 16 M&A SPOTLIGHTAMBER MCGRAW WALSH PARTNER +1 312 750 3596 awalsh@mcguirewoods.com Chicago, IL The healthcare and life sciences markets are experiencing dramatic change. Despite this turbulence, successful private equity funds can still execute deals and achieve capital growth by implementing the right strategies in the right markets. McGuireWoods’ triple-pronged excellence in healthcare, senior lending and private equity makes it a go-to firm for some of the most significant healthcare deals involving physician practices, hospitals, outpatient and urgent care providers, pharmacies, medical device manufacturers and distributors, and other vital healthcare services. Over the past year, the firm took full advantage of electronic platforms to connect the industry, spur business activity and share information. McGuireWoods’ multipart YouTube series “Across the Table” features seven episodes covering timely, relevant discussions with specialists and professionals of the healthcare private equity and finance industry. Hosted by members of the firm’s healthcare and private equity teams, the series provides insights on the latest developments in the industry and offers key takeaways. In 2021, McGuireWoods’ healthcare private equity and finance lawyers built on thought leadership and networking initiatives launched in previous years. The firm continued to highlight investors — with an emphasis on healthcare investments, new healthcare-focused fund formations and healthcare PE deal activity — on its website, “Leading Private Equity Investors in Healthcare.” In the series “A View From the Top,” McGuireWoods lawyers interviewed C-suite leaders from eight private equity-backed portfolio companies. Firm lawyers also contribute to “The Healthcare Investor” blog, which features thought leadership and news on major healthcare private equity transactions. While the pandemic postponed some events, including the firm’s 2021 Healthcare Private Equity & Finance Conference, McGuireWoods plans to host its 18th Healthcare Private Equity & Finance Conference in February 2022 in Chicago. The industry-leading annual program is one of the largest private equity events in the U.S. healthcare market. Like past conferences, it will include distinguished keynote speakers and industry- and sector- focused panel discussions along with plentiful time for networking. With more than 100 lawyers practicing in offices across the country, McGuireWoods’ healthcare private equity and finance team is one of the most active in the country. In 2021, the firm’s lawyers helped clients close about 125 deals valued at more than $6.2 billion, including 20 platform investments and 70 add-on acquisitions. For more information on the healthcare private equity and finance team, or to recommend a leading professional to be featured in McGuireWoods’ “A View From the Top” series, contact partners Holly Buckley, Geoffrey Cockrell, Raj Natarajan or Amber Walsh HEALTHCARE PRIVATE EQUITY & FINANCE: A THRIVING PRACTICE HOLLY BUCKLEY PARTNER +1 312 849 3687 hbuckley@mcguirewoods.com Chicago, IL RAJ NATARAJAN PARTNER +1 704 343 2330 rnatarajan@mcguirewoods.com Charlotte, NC KEY CONTACTS GEOFFREY C. COCKRELL PARTNER +1 312 849 8272 gcockrell@mcguirewoods.com Chicago, IL 17 M&A SPOTLIGHTDEAL SPOTLIGHT STRATEGIC & PUBLIC COMPANY M&A Teledyne Acquires FLIR in $8.2B Deal McGuireWoods advised longtime client Teledyne Technologies, Inc. (Nasdaq: TDY) in its acquisition of FLIR Systems (Nasdaq: FLIR) in a cash and stock transaction valued at approximately $8 billion — Teledyne’s largest acquisition to date. The transaction was approved by the boards of directors of both companies and closed on May 13. Teledyne is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. FLIR is a world-leading industrial technology company focused on intelligent sensing solutions for defense and industrial applications. The combined company will provide “perfectly complementary” products, including sensors based on different semiconductor technologies for different wavelengths, as well as unmanned and autonomous systems serving customers focused on air, land and subsea. Dominion Energy Sells Questar Pipeline to Southwest Gas Lawyers across McGuireWoods offices and practices represented Dominion Energy, Inc. (NYSE: D), one of the largest energy and utility companies in the U.S., in the sale of Questar Pipelines to Southwest Gas Holdings Inc. (NYSE: SWX) , in a transaction valued at $1.975 billion, including the assumption of $430 million of existing indebtedness. The transaction closed Dec. 31. Questar Pipeline is an interstate natural gas pipeline business that provides natural gas transportation and underground storage services in Utah, Wyoming and Colorado. The company owns and operates 1,867 miles of natural gas pipeline. The divestiture of Questar Pipelines represents another significant step in Dominion’s evolution as a company, allowing it to focus even more on fulfilling the energy needs of its utility customers and continuing growth of its clean-energy portfolio. Dominion began divesting its natural gas holdings in October 2020 when the utility sold the majority of its natural gas transmission and storage assets to Berkshire Hathaway Energy for approximately $8 billion. Public Storage Acquires ezStorage in Largest Private Transaction in Company’s History A McGuireWoods real estate and land use team advised Public Storage (NYSE: PSA), the leading owner, acquirer, developer and operator of self-storage properties, on its $1.8 billion purchase of ezStorage, one of the highest quality self-storage portfolios in the U.S., in a deal that closed Apr. 29. 18 M&A SPOTLIGHTThe purchase marks the largest private transaction in the company’s history, increasing Public Storage’s footprint by 4.2 million square feet of rentable space throughout the mid-Atlantic region. The deal included 49 properties spread across Virginia and Maryland, and the acquisition continues the company’s recent growth pattern. Since 2019, Public Storage has added about 21 million net rentable square feet to its national portfolio through $4.1 billion in acquisitions, development and expansions. Milestone Equipment Lands $1.42B Investment from Partners Group, Barings A multi-disciplinary and cross-office team of McGuireWoods lawyers advised longtime client Milestone Equipment Holdings LLC in its $1.42 billion sale to a new investment coalition led by Zurich, Switzerland-based Partners Group (SWX: PGHN) and Barings LLC, which closed on Sept. 21. Headquartered in St. Charles, Missouri, Milestone leases trailers and chassis to transportation providers throughout the United States. The investment will continue Milestones successful growth story as one of the largest providers of transportation equipment and supply chain solutions in the U.S. McGuireWoods represented Barings in its initial investment in Milestone in February 2015. During Barings’ management of Milestone, the company has more than quadrupled in value. ExOne Sale to Desktop Metal in $611M Deal McGuireWoods advised The ExOne Company, a global provider of three-dimensional printing machines and 3D printed and other products, in its $611.67 million sale to Desktop Metal, Inc. (NYSE: DM), a company accelerating the transformation of manufacturing with an expansive portfolio of 3D printing solutions. The transaction closed Nov. 12. ExOne extends Desktop Metal’s product platforms with complementary solutions to create an unparalleled AM portfolio that offers industry-leading throughput, flexibility, and materials breadth, providing customers with a variety of options to address their specific application. Firm lawyers also advised ExOne in its Apr. 28 acquisition of assets of Freshmade 3D, LLC, strengthening its position as a leading provider of large-format 3D printed tooling for industrial applications. Carpenter Co. Acquires Engineered Foams Business from Recticel in Cross-Border Deal A multidisciplinary McGuireWoods team from Charlotte, London, New York, Richmond and Washington collaborated to advise Carpenter Co., a global, diversified and world class manufacturing company, in its €656 million acquisition of the Engineered Foams business of Recticel SA/NV (ENXTBR: REC), a Belgium-based manufacturer of polyurethane foam. Recticel shareholders approved the transaction on Dec. 6., which is expected to close in the second quarter of 2022, subject to customary closing conditions and regulatory approvals. This was an extremely complex deal done under a tight timeframe due to the process being initiated in May 2021 by a hostile bidder (Greiner AG). The combination of Carpenter’s flexible polyurethane foam business with Recticel’s Engineered Foams business creates the world’s largest vertically integrated manufacturer of polyurethane foams and specialty polymer products. Recticel’s Engineered Foams business will considerably strengthen Carpenter’s European operations, while complementing its North America operations as well as providing a foothold in Asia. The Recticel acquisition will bring over 2,700 employees and 22 manufacturing locations to Carpenter Co. 19 M&A SPOTLIGHTNext >