Deals can still be made, even in this brutal economy.
In a deal involving compani
es that make anti-counterfeiting technology, New York private equity firm Lindsay Goldberg LLC acquired a Alpharetta company’s subsidiary, which had been put on the auction block.
The Alpharetta company, Nanoventions Holdings LLC, turned to longtime outside counsel at Bryan Cave-Powell Goldstein for advice on corporate and intellectual property matters.
Nanoventions sold its Visual Physics unit to Lindsay Goldberg for undisclosed terms. Lindsay Goldberg will combine Visual Physics with its portfolio company Crane & Co. of Dalton, Mass.
Visual Physics makes micro-optic security films used for anti-counterfeiting and brand protection applications, according to the company. Crane makes fine stationery and counterfeit-deterrent banknote papers.
Bryan Cave-Powell Goldstein partner Todd Wade advised Nanoventions on corporate matters, and partner Scott Killingsworth advised on intellectual property. Bryan Cave-Powell Goldstein partner Rick Miller sits on Nanoventions’ board but wasn’t involved in providing legal advice, Wade said.
Thomas Kayden Horstemeyer & Risley partner Todd Deveau serves as patent counsel to Visual Physics, Wade said. Choate Hall & Stewart partner James Hackett in Boston advised Lindsay Goldberg.
Lindsay Goldberg lined up financing for its acquisition of Visual Physics, but the companies aren’t disclosing terms of the financing, Wade said. Cleveland investment bank Brown Gibbons Lang & Co. ran the auction for Nanoventions.