Practice Area 02

Private Placements

Structuring and placing equity, mezzanine, and structured-credit issuances for growth-stage and pre-IPO enterprises.

Scope of Work

What the practice covers.

  • We design the instrument around the issuer's constraints — common or preferred equity, mezzanine, convertible or structured credit — balancing cost of capital, dilution, control and covenant flexibility. The right structure is settled before any investor conversation begins.

  • Offering memoranda, financial models and the data room are prepared to the standard sophisticated institutions expect — anticipating diligence questions before they are asked, and removing the friction that stalls otherwise sound transactions.

  • We advise on valuation, pricing tension and covenant packages throughout negotiation, working alongside the issuer's legal counsel to protect economics and control while preserving transaction momentum.

  • From first meeting to final close, we sequence commitments, maintain competitive tension among participants and coordinate counsel, diligence and documentation through to completion.

Our Process

Four stages, led personally.

I

Transaction Design

We work with management and counsel to design the instrument — equity, mezzanine or structured credit — that best balances cost of capital, control and flexibility for the issuer.

II

Materials & Readiness

Offering materials, financial models and the data room are prepared to an institutional standard, anticipating the questions sophisticated investors will ask before they ask them.

III

Pricing & Negotiation

We advise on pricing, terms and covenants throughout negotiation, working alongside legal counsel to protect the issuer's position while keeping the transaction moving.

IV

Syndication & Close

From first meeting to final close, we manage the syndicate — sequencing commitments, maintaining competitive tension and coordinating the path to completion.

Example Engagements

Work conducted in confidence.

Engagements are described in general terms only. Client identities and transaction specifics remain confidential.

Pre-IPO structured placement

Advised a consumer enterprise on a structured pre-IPO round, designing a convertible instrument that preserved founder control while securing growth capital from two institutional investors.

Mezzanine financing — infrastructure assets

Structured and placed a mezzanine tranche supporting the expansion of an energy infrastructure portfolio, negotiated alongside senior lenders to a covenant package acceptable to all parties.