July 14, 2008
July 14, 2008 - (Atlanta, GA) - McKenna Long & Aldridge LLP (MLA) is pleased to announce that its client i2S, Inc. (“Ideas to Solutions”) recently completed a successful management buy-out transaction, including the redemption of the company’s majority equity holder, Grosvenor Special Ventures IV, L.P., a venture capital fund sponsored by The Grosvenor Funds. MLA represented i2S, Inc. in its negotiations with Grosvenor, as well as with respect to obtaining the new financing utilized to fund the transaction, which included a senior bank loan provided by Citizens Bank and mezzanine capital provided by Parkway Capital Investors, LLC. The transactions closed June 6, 2008. Aronson Capital Partners acted as the exclusive financial advisor to i2S, Inc. in the transactions.
i2S, Inc. is a leading provider of IT and operational support services to the federal Intelligence Community, providing expertise in the areas of intelligence analysis, systems engineering, enterprise architecture, knowledge management, advanced software development, and training to federal government and Fortune 500 clients. Headquartered in Columbia, Maryland, i2S has employees throughout the United States and overseas.
"The i2S deal is the latest to pair our deep mergers and acquisitions and other transactional expertise with our firm’s unparalleled government contracting capabilities," said Wayne Bradley, Co-Chair of MLA’s Corporate Department. “The combination of our preeminent government contracts practice with our broad based corporate and transactional practice makes MLA uniquely qualified to serve clients in the complete spectrum of business transactions in the government contracting industry.”
“Deals involving government contracting firms bring into play a particularly specialized, complex and technical set of laws and regulations that must be navigated correctly in order to close the transaction,” said Jeremy Silverman, the lead partner on the deal. “In that context, having the nation’s foremost government contracting experts as part of our deal team and available to quickly and authoritatively answer questions and resolve issues is truly invaluable.”
The i2S deal is the most recent in a string of mergers and acquisitions and strategic corporate transactions that MLA has handled for federal government contracting firms. Other recent MLA corporate transactions for government contractors include:
For more information regarding MLA’s Corporate Department, including regarding transactional services provided to government contractors , please contact at Jeremy Silverman at jsilverman@mckennalong.com or Wayne Bradley at wbradley@mckennalong.com